The global specialty polystyrene resin (SPR) market is assessed to reach a valuation of USD 135 million by 2024 and is estimated to reach a value of USD 195 million by 2034, reflecting a CAGR of 3.70% over the assessment period.
Attributes | Key Insights |
---|---|
Estimated Global Specialty Polystyrene Resin Market Size (2024E) | USD 135 million |
Projected Specialty Polystyrene Resin Industry Value (2034F) | USD 195 million |
Value-based CAGR (2024 to 2034) | 3.7% |
Ongoing concerns related to the environmental impact of polystyrene, such as microplastic pollution and recycling challenges, are expected to pose a challenge for key players. Even though advancements in sustainable specialty polystyrene resins look bright, more development and wider adoption are necessary to address these issues competently.
Geographically, the Asia Pacific specialty polystyrene resin industry is expected to fare well at a moderate CAGR throughout the forecast period. Developed countries in regions like North America and Europe, such as the United States and the United Kingdom are projected to expand at a consistent rate.
Countries | Forecast CAGR (2024 to 2034) |
---|---|
The United States | 3.90% |
The United Kingdom | 4.20% |
China | 4.80% |
Japan | 5.40% |
South Korea | 4.60% |
The United States specialty polystyrene resin market is expected to attain a market worth USD 34.3 million by 2034, expanding at a CAGR of 3.9%. Factors contributing to market growth are:
The United Kingdom specialty polystyrene resin market is anticipated to expand at a CAGR of 4.2% to reach USD 7.8 million by 2034. Top factors that are inducing market growth are:
The specialty polystyrene resin market in China is projected to register a CAGR of 4.8% over the forecast period. By 2034, the market is expected to accumulate USD 31.4 million. Leading factors that are propelling the market growth are:
The Japan specialty polystyrene resin market is expected to reach a valuation of USD 21.4 million by 2034. The market is expanding at a CAGR of 5.4% throughout the forecast period.
In South Korea, the sales of specialty polystyrene resin are anticipated to register a CAGR of 4.6% through 2034. The market is projected to attain a valuation of USD 11.5 million by 2034.
Leading Function | Protection |
---|---|
Forecast CAGR (2024 to 2034) | 3.5% |
In the recent market analysis, the protection segment is expected to record a CAGR of 3.5% from 2024 to 2034. Growth-inducing factors for this segment are:
Leading Application | Protective Packaging |
---|---|
Forecast CAGR (2024 to 2034) | 3.2% |
Based on application, protective packaging is projected to expand at a CAGR of 3.2% over the forecast period. The segment is driven by factors like:
Market players are adopting several strategies to enhance their share in the specialty polystyrene resin industry, spanning from expansion and product innovation to sustainability initiatives and partnerships.
New Developments Taking Place in the Specialty Polystyrene Resin Market
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Function, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Function, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Function, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Function, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Function, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Function, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Function, 2019 to 2034
Table 22: Western Europe Market Volume (Tons) Forecast by Function, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 24: Western Europe Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Function, 2019 to 2034
Table 28: Eastern Europe Market Volume (Tons) Forecast by Function, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 30: Eastern Europe Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Function, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Function, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Function, 2019 to 2034
Table 40: East Asia Market Volume (Tons) Forecast by Function, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 42: East Asia Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Function, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Tons) Forecast by Function, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Tons) Forecast by Application, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Function, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Function, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Function, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Function, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Function, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 16: Global Market Attractiveness by Function, 2024 to 2034
Figure 17: Global Market Attractiveness by Application, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Function, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Function, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Function, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Function, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Function, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 34: North America Market Attractiveness by Function, 2024 to 2034
Figure 35: North America Market Attractiveness by Application, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Function, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Function, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Function, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Function, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Function, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Function, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Function, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Function, 2019 to 2034
Figure 63: Western Europe Market Volume (Tons) Analysis by Function, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Function, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Function, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 67: Western Europe Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Function, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Function, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Function, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Tons) Analysis by Function, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Function, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Function, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Function, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Function, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Function, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Function, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Function, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Function, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Function, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Function, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Function, 2019 to 2034
Figure 117: East Asia Market Volume (Tons) Analysis by Function, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Function, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Function, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 121: East Asia Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Function, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Function, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Function, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Function, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Function, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Function, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Function, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The market is estimated to account for USD 135 million in 2024.
Throughout the forecast period, the specialty polystyrene resin industry is projected to register a CAGR of 3.7%.
By 2034, the specialty polystyrene resin industry is forecast to be worth USD 195 million.
Japan is expected to offer significant opportunities for specialty polystyrene resin manufacturers.
Specialty polystyrene resins are substantially used in protective packaging.
Key players in the specialty polystyrene resin industry include Sumitomo Chemical, Toray Industries, and Mitsubishi Chemical Corporation.
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