North America Polystyrene Market Size, Share & Industry Trends Analysis Report By Form Type (Foams, Injection Molding, Films & Sheets, and Others), By End-Use, By Resin Type, By Country and Growth Forecast, 2023 - 2030
The North America Polystyrene Market would witness market growth of 3.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 3,407.8 Kilo Tonnes, showcasing a growth of 2.6% (2019-2022).
The food and beverage industry favours polystyrene (PS) for its superior insulating qualities and lightweight nature, which has led to a surge in demand for PS in the packaging industry. Recyclable and sustainable packaging solutions are becoming increasingly popular as consumers grow more environmentally conscious. The manufacturers' response to this trend is developing bio-based and recycled PS products to satisfy the market's changing demands. The growth of the construction and automotive sectors is a significant development in the market. PS foam sheets and boards are widely used in the construction and insulation industries.
The cost-effectiveness of polystyrene is a significant determinant in its widespread adoption. The production process is relatively economical, making the end products affordable for various industries. This has contributed significantly to its extensive packaging, disposable products, and construction use. Its lightweight nature is a crucial factor contributing to its adoption across various applications. Cost-effectiveness is a significant determinant in the widespread adoption of this. This characteristic makes it a highly suitable option for sectors that value weight, including packaging and transportation.
As per the International Trade Administration, the US automotive industry is one of the world's largest. In 2020, the United States sold 14.5 million light vehicles. The United States is the world's second-largest vehicle sales and production region. According to Autos Drive America, automakers produced 5 million vehicles in the United States in 2020. It produces various medical products in North America, including disposable items and pharmaceutical packaging. Due to these aspects, the market will expand across the North America region in upcoming years.
The US market dominated the North America Polystyrene Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,196.3 Million by 2030. The Canada market is experiencing a CAGR of 5.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.6% during (2023 - 2030).
Based on Form Type, the market is segmented into Foams, Injection Molding, Films & Sheets, and Others. Based on End-Use, the market is segmented into Packaging, Building & Construction, Consumer Goods, Electrical & Electronics, and Others. Based on Resin Type, the market is segmented into High Impact Polystyrene (HIPS), General Purpose Polystyrene (GPPS), and Expandable Polystyrene (EPS). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SABIC (Saudi Arabian Oil Company), Alfa, S. A. B. de C. V., BASF SE, CHIMEI Corporation, TotalEnergies SE, INEOS Styrolution Group GmbH, Atlas Roofing Corporation (Atlas Molded Products) (Hood Companies, Inc.), Trinseo PLC, LG Chem Ltd. (LG Corporation), and Synthos S.A.
Scope of the Study
Market Segments covered in the Report:
By Form Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Foams
- Injection Molding
- Films & Sheets
- Others
- Packaging
- Building & Construction
- Consumer Goods
- Electrical & Electronics
- Others
- High Impact Polystyrene (HIPS)
- General Purpose Polystyrene (GPPS)
- Expandable Polystyrene (EPS)
- US
- Canada
- Mexico
- Rest of North America
- SABIC (Saudi Arabian Oil Company)
- Alfa, S. A. B. de C. V.
- BASF SE
- CHIMEI Corporation
- TotalEnergies SE
- INEOS Styrolution Group GmbH
- Atlas Roofing Corporation (Atlas Molded Products) (Hood Companies, Inc.)
- Trinseo PLC
- LG Chem Ltd. (LG Corporation)
- Synthos S.A
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Polystyrene Market, by Form Type
- 1.4.2 North America Polystyrene Market, by End-Use
- 1.4.3 North America Polystyrene Market, by Resin Type
- 1.4.4 North America Polystyrene Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2019, Jul – 2023, Jul) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. North America Polystyrene Market, by Form Type
- 5.1 North America Foams Market, by Country
- 5.2 North America Injection Molding Market, by Country
- 5.3 North America Films & Sheets Market, by Country
- 5.4 North America Others Market, by Country
- Chapter 6. North America Polystyrene Market, by End-Use
- 6.1 North America Packaging Market, by Country
- 6.2 North America Building & Construction Market, by Country
- 6.3 North America Consumer Goods Market, by Country
- 6.4 North America Electrical & Electronics Market, by Country
- 6.5 North America Others Market, by Country
- Chapter 7. North America Polystyrene Market, by Resin Type
- 7.1 North America High Impact Polystyrene (HIPS) Market, by Country
- 7.2 North America General Purpose Polystyrene (GPPS) Market, by Country
- 7.3 North America Expandable Polystyrene (EPS) Market, by Country
- Chapter 8. North America Polystyrene Market, by Country
- 8.1 US Polystyrene Market
- 8.1.1 US Polystyrene Market, by Form Type
- 8.1.2 US Polystyrene Market, by End-Use
- 8.1.3 US Polystyrene Market, by Resin Type
- 8.2 Canada Polystyrene Market
- 8.2.1 Canada Polystyrene Market, by Form Type
- 8.2.2 Canada Polystyrene Market, by End-Use
- 8.2.3 Canada Polystyrene Market, by Resin Type
- 8.3 Mexico Polystyrene Market
- 8.3.1 Mexico Polystyrene Market, by Form Type
- 8.3.2 Mexico Polystyrene Market, by End-Use
- 8.3.3 Mexico Polystyrene Market, by Resin Type
- 8.4 Rest of North America Polystyrene Market
- 8.4.1 Rest of North America Polystyrene Market, by Form Type
- 8.4.2 Rest of North America Polystyrene Market, by End-Use
- 8.4.3 Rest of North America Polystyrene Market, by Resin Type
- Chapter 9. Company Profiles
- 9.1 SABIC (Saudi Arabian Oil Company)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Partnerships, Collaborations, and Agreements:
- 9.1.5 SWOT Analysis
- 9.2 Alfa, S. A. B. de C. V.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 SWOT Analysis
- 9.3 BASF SE
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.6 SWOT Analysis
- 9.4 CHIMEI Corporation
- 9.4.1 Company Overview
- 9.4.2 SWOT Analysis
- 9.5 TotalEnergies SE
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 INEOS Styrolution Group GmbH
- 9.6.1 Company Overview
- 9.6.2 Recent strategies and developments:
- 9.6.2.1 Partnerships, Collaborations, and Agreements:
- 9.6.3 SWOT Analysis
- 9.7 Atlas Roofing Corporation (Atlas Molded Products) (Hood Companies, Inc.)
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Product Launches and Product Expansions:
- 9.7.2.2 Acquisition and Mergers:
- 9.7.3 SWOT Analysis
- 9.8 Trinseo PLC
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.5.2 Acquisition and Mergers:
- 9.8.5.3 Geographical Expansions:
- 9.8.6 SWOT Analysis
- 9.9 LG Chem Ltd. (LG Corporation)
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 SWOT Analysis
- 9.10. Synthos S.A.
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
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