FORT WORTH, Texas, April 17, 2015 /PRNewswire/ --
The North American Polystyrene market is expected to reach a value of $5,730 million by 2018, estimated to register a CAGR of 5.2 % between 2013 and 2018.
Browse through the TOC of North America polystyrene market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
http://www.micromarketmonitor.com/market/north-america-polystyrene-ps-7179515093.html
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Polystyrene is a hard, brittle, and transparent synthetic resin produced by the polymerization of styrene. It is used in a wide range of applications such as building and construction, electrical and electronic appliances, consumer goods, and packaging. Polystyrene is a relatively inexpensive and light weight material. In the recent years, the polystyrene market has witnessed rapid growth. The only major limitation faced by the market is the stringent rules and regulations, can be handled by development of recycled polystyrene on a larger scale.
The North American market is projected to reach a value of $5,730 million by 2018, at a CAGR of 5.2% between 2013 and 2018, as the North American region is technologically advanced and cheap raw material is available. The factors that are enhancing the growth of this market are industrialization, growth in the plastic and rubber industry, and lack of alternative sources. The growth of the polystyrene industry can be attributed to the packaging industry, where usage of polystyrene is high. The share of packaging in the polystyrene industry was approximately 38.0% in 2013.
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The players willing to enter into the polystyrene market can expect a bright future owing to increasing demand and utilization of polystyrene in different industries. In North America, the U.S. is most preferable market for polystyrene, with the maximum share.
The report depicts the demand of polystyrene, in terms of value and volume, in the North American market. It also projects the trends in the NA polystyrene market between 2013 and 2018. The analysis also describes some of the major recent developments in the North American polystyrene market and the key strategies of some the major players in market.
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The Europe Polystyrene Market is witnessing a high growth due to the increasing applications in the region. The report estimates the size the Europe Polystyrene Market both, in terms of volume and value. The report provides a comprehensive overview of the key market drivers, challenges and issues. Europe Polystyrene Market is projected to reach $5,733.29 million by 2019, growing at a CAGR of around 4.2% from 2014to 2019. The key driver of the market is the construction industry due to the growing demand of thermal insulations in the newly constructed buildings.
http://www.micromarketmonitor.com/market/europe-polystyrene-ps-6119335392.html
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