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Europe Polystyrene Market Segmented by Resin Type, Form Type, EndUser Industry, and Geography Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $3850

03:56 EDT 13 Jul 2018 | BioPortfolio Reports

The Europe polystyrene market has been estimated at USD 7,111.73 million in 2017. The market is expected to register a CAGR of 3.91% during the forecast period, 2018 to 2023. Highimpact Polystyrene HIPS dominated the European polystyrene market with nearly 44% share and is estimated to register the fastest CAGR through the forecast period.


GROWING CONSUMER ELECTRONICS MARKET


Europe has one of the largest Polystyrene recycling capacity in the world 27% of the total Polystyrene waste generated in Europe. In 1992, the EPS Expanded Polystyrene organization from Europe EUMEPS along with the Asian and North American organizations formed the international EPS alliance with the goal to enhance polystyrene recycling around the globe. This has led to increasing awareness for polystyrene recycling. The major countries where Polystyrene is recycled are Netherlands, Germany, Belgium, Italy, and France. As much as 60% of PS was recycled in Netherlands in 2013. In Belgium, as much as 6.86 kilo metric tons of PS waste was generated from the packaging industry, out of which 3.3 kilo metric tons was recycled in 2013. Recycling PS reduces the amount of PS litter, which is harmful to wildlife; it also leads to less landfill space requirement and saves the costs of disposal.

High impact polystyrene contains rubber. It is less transparent than GPPS and not clear. It is mainly used for products which require high impact resistance. Packaging is the largest segment for HIPS. It is used for food packaging meat trays, egg cartons, fruit trays, dairy packaging, industrial packaging and consumer packaging cassettes, CD covers, etc. HIPS is also used majorly in electronic and appliances applications such as in computer housings, TV housings, and freezer and refrigerator liners appliances housings.


Germany Dominates the Market


Germany has the highest share in the market, accounting for nearly 23% of the regional market share in 2017. The market for Germany is driven majorly because of the recovering construction industry. The nonresidential and commercial buildings in the country are also expected to see significant growth prospects in the coming years. This growth is also supported by the lower interest rates, increase in real disposable incomes and numerous investments by the European Union and the German Government. This is expected to lead to an increase in the demand for PS in the country.


Key Developments in the Market


December 2017: Trinseo announces price increases for Polystyrene, Polycarbonate and Copolymers in Europe

Major Key Players are INEOS STYRLOUTION GROUP GMBH, TOTAL, TRINSEO, SABIC and BASF and Other Players Include KUMHO PETROCHEMICAL CO., LTD., LG CHEM, LTD., SYNTHOS S.A., THE DOW CHEMICAL COMPANY, and VERSALIS S.P.A.


Reasons to Purchase this Report


Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities

Various market perspectives, with the help of Porter's five forces analysis

Regions or countries that are expected to witness the fastest growth during the forecast period

Product segment, which is going to dominate the market over the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

3 months analyst support along with the Market Estimation sheet in excel.


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Original Article: Europe Polystyrene Market Segmented by Resin Type, Form Type, EndUser Industry, and Geography Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $3850

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