Market Challenges And Opportunities

Global Styrenic Polymers Market: Restraints

Highly increasing cost of manufacturing Styrenic Polymers-

The high price of styrenic polymers compared to other thermoplastic materials is projected to hinder market growth. Polystyrene and ABS are two major materials that have a high price. For example, the average price of ABS is almost three times that of the lowest-priced PVC.

The volatile price of crude oil due to the political scenario as raw materials used in the manufacturing of styrenic polymers are derived from crude oil is expected to hamper the market growth.

Global Styrenic Polymers Market: Market Opportunity

The growing use of styrenic polymers for producing medical devices such as the storage of IV fluids, blood bags, dialysis solutions, and tubings is expected to offer lucrative opportunities. Robust demand for thermoplastic elastomers from the medical and healthcare industry is creating profitable opportunities for the styrenic polymers market.

Increasing R&D by manufacturers to explore more properties of styrenic polymers is projected to bring new market opportunities over the forecast period. Growing demand for technically advanced and more flexible products is encouraging manufacturers to invest in the R & D to develop a more innovative product. Thus growing investment in R &D by manufacturers is projected to offer enormous potential opportunities over the forecast period.