LONDON, Feb. 2, 2016 /PRNewswire/ --
South America capacity is scheduled to be expanded by XX tons until 2020.
Mordor Intelligence forecasts the focus of polystyrene (PS) demand to continue to emerging countries, at the expense of saturated industrialized markets in North America and Western Europe. Emerging countries, on the other hand, are profiting from a continuous increase of wealth and a moderate population growth. South America is also projected to develop at dynamic growth rates during the forecast period.
The packaging industry in particular consumes a large amount of polystyrene, in the sub segment food packaging in particular. Additionally, polystyrene is often used in the casings of monitors, televisions, printers, and other electrical devices as well as consumer goods. Individual application areas for polystyrene are projected to develop at highly similar growth rates during the upcoming eight years.
Polystyrene are used in an increasing number of markets – from packaging, Building & Construction, Electrical & electronics, Consumer Goods, and number of other segments.
Development of the worldwide polystyrene (PS) market will continue to be closely linked to the future development of the South America economy. The most important determinants of demand development are: Population growth, urbanization, a change in household structures, and an increasing middle class, in combination with rising private consumption, in emerging countries in particular.
Demand for polystyrene will not rise as dynamically as demand for other standard plastics due to a change in technologies and advancing substitution processes.
What the report contains
The report elucidates the situation of Polystyrene (PS) around the world and studies the markets of the Polystyrene product type which include Foams, Composites, Elastomers, Fibers, Films & Sheets and others.
Lastly, the report is divided by countries – Brazil, Argentina and others; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of Polystyrene have been discussed in detail in addition to a comprehensive overview of the market.
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