Global Polystyrene Film Market
is expected to rise at a significant CAGR in the estimated period. Polystyrene
resins come across many uses which are packaging, electronics, toys, house
wares and disposables. Basically, polystyrene is a thermoplastic resin. Three
prime categories exist. They include general purpose resins, high-impact
polystyrene resins and expandable polystyrene beads.
The resins are used for
various functions after undergoing treatments such as thermoforming, injection
molding and extrusion. Polystyrene is a resin that possesses number of
properties such as light-weight and rigidity. EPS also has low thermal
conductivity. Being acoustically insulated, EPS has incredibly low
sound-absorbing characteristics. Polystyrene has a number of applications such
as packaging, electronics and housewares, toys and disposables. The polystyrene
is particularly useful especially in ingenuous clamshell packaging as a
protective packaging component.
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A ban on polystyrene in North
America and Europe and usage of high-performance substitute may hamper growth
of polystyrene market. Restraints to the market are the flammability of PS that
might hinder the market. Health concerns could also act against growth of EPS
market. The drivers to growth of polystyrene include growth of consumer
electronics industries and ongoing recycling activities in polystyrene
industry.
Segmentation of polystyrene
market by type includes General purpose polystyrene (GPPS), High-Impact
Polystyrene (HIPS). By form type, segmentation includes foams, films and
sheets, injection molded and others. By end-user industry, market segmentation
includes packaging, building and construction, electrical and electronics and
consumer goods.
By region, market is segmented
into Asia pacific, North America, Europe, South America, MEA and Africa. Asia
pacific is expected to be the highest regional stakeholder in the forecast
period. Recycling has helped polystyrene to gain popularity once again because
of the hindrances it posed to the environment by its disposal earlier on.
Polystyrene is used in the
electronics industry in design and manufacture of polystyrene film capacitors.
A for polystyrene film capacitor market exists because of export commitments
from several competitive nations and robust trade agreements. By end-user
industry, the market includes packaging, building and construction, electrical
and electronics and consumer goods.
Polystyrene is solid at room
temperature but flows out in molten form at high temperatures and this glassy
transition state is used in extrusions such as styrofoaming and also for vacuum
forming and molding. This is because polystyrene can be easily cast and lends
itself to molding very finely. The major players include BASF SE, NOVA
Chemicals, SABIC, SYTHOS SA and Total SA.
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