Styrenic Polymers MarketSize and Trends

The Global Styrenic Polymers Market is projected to reach around US$ 6,100.5 Million by the end of 2030, in terms of revenue, growing at a CAGR of 7.0% during the forecast period (2023-2030).

Market Trends-

Active innovation in Global Styrenic Polymers Market:

Continuous product innovation is a key trend in the market and this is expected to propel the market growth. For instance, Versalis, a producer of styrenic polymers owned by Eni, has launched an innovative type of expandable polystyrene (EPS), under the trademark Extir FL 3000.

The increasing focus of the manufacturer on expanding the production capacity of the products is one of the current trends. Ineos Styrolution announced that it is increasing its compounding capacity for acrylonitrile butadiene styrene (ABS) and acrylonitrile styrene acrylate (ASA) plastics by an additional 34,000 tons per annum at its Moxi plant located in Gujarat, India. This expansion involves a capital expenditure of $20 million.