Styrene Market
                     Styrene Market To 
Reach USD 70.97 
Billion By 2027
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Growing demand for polystyrene from the packaging industry is one of the significant 
factors influencing market growth.
Market Size – USD 48.92 billion in 2018, Market Growth - CAGR of 4.2%, Market Trends – 
Growth of the construction industry
The global styrene market is expected to reach USD 70.97 Billion by 2027, according to a new 
report by Reports and Data. The growth of the market is attributed to the increasing demand for 
styrene from the end-use industries.
Products made from styrene provides exceptional benefits such as high performance, toughness, 
simplicity of production, flexible design, and economy along with the offering of sanitation, 
hygiene, and safety features. For instance, styrene finds application in the strengthening of 
military armor, cushioning of bicycle helmets, making of wind power turbines, reduction of coal 
plant emissions, and improvement of components deployed in making automotive lightweight 
and fuel-efficient. Moreover, it allows the production of high-performance and economical 
recreational products, including boats and other watercraft.
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Market Summary
Beneficial Aspects of the Report:
SB (Styrene-butadiene) latex finds usage in several applications, such as coating in paper products like 
magazines, catalogs, flyers, and paperboard products to get improved printability, high gloss, and 
protection to oil and water. SB Latex increases the binding power of a pigment and makes the paper 
smoother, brighter, and stiffer. Additionally, it is very cost-effective as compared to other coating materials.
SB (Styrene-butadiene) rubber is a kind of synthetic that has improved processability, abrasion resistance, 
and heat resistance as compared to natural rubber. In terms of volume, it occupies the largest market share 
of synthetic rubber, and above 70.0% of it is consumed in the production of tires and related products. 
Thus, the growth of the automotive industry worldwide is likely to impact the market growth. Also, in 
comparison to polybutadiene rubber alone, this kind of synthetic rubber has better strength, abrasion 
resistance, and blend compatibility, and these characteristics can be enhanced with the use of additives.
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Market Summary
Some of the key players operating in the Market include: 
Alpek SAB DE CV, Ashland Inc., Ineos Styrolution Group GmbH, Royal DSM, The Dow Chemical Company, 
LG Chem, Nova Chemicals Corporation, Bayer MaterialScience, Mitsubishi Chemicals, and Chevron 
Philips Chemical Company, among others.
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Polystyrene
Styrene Co-Polymers
SB (Styrene-Butadiene) Latex
SB (Styrene-Butadiene) Rubber
Composites
Others
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Market Summary
Further key findings from the report suggest
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Packaging
Construction
Consumer Goods
Automotive
Electrical & Electronics
Others
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Offline Channel
Online Channel
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