CLEVELAND, Jan. 21, 2019 /PRNewswire/ -- US demand for polystyrene resin is forecast to rise 0.6% annually in volume terms through 2022, according to Polystyrene: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from gains in the production of foodservice disposables, building products, appliances, electronics, electrical equipment, and non-wood furniture. However, further demand gains will be limited by rising substitution with more environmentally friendly resins such as polylactic acid (PLA). Ongoing competition with other resins and materials, such as polyethylene terephthalate (PET) and paper, will also continue to restrain polystyrene resin demand. Finally, municipal bans on single-use polystyrene foam used for products such as disposable drinking cups and food takeout containers will also limit gains to some extent.
More information about the report is available at:
In value terms, polystyrene demand is projected to rise 2.8% yearly to 2022. Gains will reflect slight advances in volume terms and 2.1% per annum expected growth in prices.
These and other key insights are featured in Polystyrene: United States. This report forecasts to 2022 US polystyrene resin demand and shipments in pounds and demand in nominal US dollars at the producer level. Total demand in pounds is segmented by form in terms of:
- crystal (solid)
Total demand in pounds is also segmented by market as follows:
- consumer and institutional
- building products
- electrical and electronic
- other markets such as furniture and furnishings, industrial machinery, and transportation
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2007 to 2017.
Recycled polystyrene resin is excluded from the scope of this report. Re-exports of polystyrene resin are excluded from demand and trade figures.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Materials & Chemicals reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group