Polymers of styrene in primary forms market

Polymers of Styrene in Primary Forms - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by India.

In China, the market of polymers of styrene in primary forms decreased by an average annual rate of -2.4% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-11.6% per year) and India (-7.6% per year).

Polymers of Styrene in Primary Forms Prices

Polymers of Styrene in Primary Forms - Top Importers

In value terms, China ($5.8B) constitutes the largest market for imported polymers of styrene in primary forms worldwide, comprising 30% of global imports. The second position in the ranking was occupied by Germany ($1B), with a 5.3% share of global imports. It was followed by the United States, with a 5% share.

In China, imports of polymers of styrene in primary forms shrank by an average annual rate of -8.3% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (-20.4% per year) and the United States (-18.8% per year).

Polymers of Styrene in Primary Forms - Top Exporters

In value terms, the largest polymers of styrene in primary forms supplying countries worldwide were South Korea ($3.1B), Taiwan (Chinese) ($2.7B) and Belgium ($1.4B), together comprising 41% of global exports.

Belgium saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Polymers of Styrene in Primary Forms - Market Forecast

Driven by rising demand for polymers of styrene in primary forms worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Polymers of Styrene in Primary Forms - Top Companies

The Dow Chemical Company, AVC HOLDINGS PTY LTD, AUSTRALIAN VINYLS CORPORATION PTY LTD, MB Barter (usa) Inc, SUMITOMO CHEMICAL COMPANY, LIMITED, HARVEYS COMPOSITES (PTY) LTD, PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED, NAN YA PLASTICS CORPORATION, Hengyi Petrochemical Co., Ltd., Chevron Phillips Chemical Company LLC, Eastman Chemical Company, Huntsman International LLC, Huntsman Corporation, Westlake Chemical Corporation, Celanese Americas LLC, Covestro Deutschland AG, FORMOSA PLASTICS CORPORATION, Celanese Holdings LLC, Celanese Chemicals Inc., HITACHI CHEMICAL COMPANY, LTD.

Polymers of Styrene in Primary Forms - Product Coverage

• HS 390311 - Styrene polymers; expansible polystyrene, in primary forms
• HS 390319 - Styrene polymers; (other than expansible polystyrene), in primary forms
• HS 390320 - Styrene polymers; styrene-acrylonitrile (SAN) copolymers, in primary forms
• HS 390330 - Styrene polymers; acrylonitrile-butadiene-styrene (ABS) copolymers, in primary forms
• HS 390390 - Styrene polymers; in primary forms, n.e.s. in heading no. 3903