Polystyrene Price Trend Analysis, Historical Chart, and Forecast
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Polystyrene is a synthetic polymer formed of aromatic hydrocarbon styrene. It might be solid or foamed. It is a flexible plastic used to make a variety of consumer goods used in protective packagings, such as containers, bottles, lids, trays, disposable cutlery, and tumblers. However, it has a low melting point and a poor barrier to oxygen and water vapour.
Solid plastic and firm foam are the two basic forms of polystyrene, which are made from the styrene monomer. Its characteristics include softening when exposed to heat, and its sheets and films can be used to create goods for use in other industries.
The leading polystyrene-producing countries are the US, Taiwan, Japan, and South Korea
Key Details About the Polystyrene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Polystyrene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Polystyrene price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Polystyrene Price Trend:
Because it is inert, expensive, and long-lasting, polystyrene is used to build products including air conditioners, refrigerators, microwaves, ovens, vacuum cleaners, and blenders.
Additionally, it is employed in the automotive sector to create components for vehicles such as trim, knobs, energy-absorbing door panels, sound-dampening foam, and instrument panels, which contributes to the market’s expansion.
Polystyrene is commonly used in food service packaging because it keeps food fresher for longer, is more cost-effective, and is perfect for the sector.
Polystyrene can be used in medical applications such as test tubes, tissue culture trays, diagnostic components, Petri dishes, and housings for test kits due to its clarity and simplicity in sterilising; this further expands the market.
Key Market Players:
- Americas Styrenics LLC
- INEOS Styrolution
- TotalEnergies Petrochemicals & Refining USA, Inc.
- Unigel Quimica S/A
- Videolar-Innova SA
News and Events:
- September 2022: The bio-attributed polystyrene was introduced by INEOS Styrolution which is produced from renewable ISCC-certified feedstock, and recycling solutions for polystyrene that make downcycling pointless.
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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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