Polystyrene Film Market Growth Rate, Outlook and Applications by End Users Forecast Till 2022

Global Polystyrene Film Market is expected to rise at a significant CAGR in the estimated period. Polystyrene resins come across many uses which are packaging, electronics, toys, house wares and disposables. Basically, polystyrene is a thermoplastic resin. Three prime categories exist. They include general purpose resins, high-impact polystyrene resins and expandable polystyrene beads.

The resins are used for various functions after undergoing treatments such as thermoforming, injection molding and extrusion. Polystyrene is a resin that possesses number of properties such as light-weight and rigidity. EPS also has low thermal conductivity. Being acoustically insulated, EPS has incredibly low sound-absorbing characteristics. Polystyrene has a number of applications such as packaging, electronics and housewares, toys and disposables. The polystyrene is particularly useful especially in ingenuous clamshell packaging as a protective packaging component.

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A ban on polystyrene in North America and Europe and usage of high-performance substitute may hamper growth of polystyrene market. Restraints to the market are the flammability of PS that might hinder the market. Health concerns could also act against growth of EPS market. The drivers to growth of polystyrene include growth of consumer electronics industries and ongoing recycling activities in polystyrene industry.

Segmentation of polystyrene market by type includes General purpose polystyrene (GPPS), High-Impact Polystyrene (HIPS). By form type, segmentation includes foams, films and sheets, injection molded and others. By end-user industry, market segmentation includes packaging, building and construction, electrical and electronics and consumer goods.

By region, market is segmented into Asia pacific, North America, Europe, South America, MEA and Africa. Asia pacific is expected to be the highest regional stakeholder in the forecast period. Recycling has helped polystyrene to gain popularity once again because of the hindrances it posed to the environment by its disposal earlier on.

Polystyrene is used in the electronics industry in design and manufacture of polystyrene film capacitors. A for polystyrene film capacitor market exists because of export commitments from several competitive nations and robust trade agreements. By end-user industry, the market includes packaging, building and construction, electrical and electronics and consumer goods.

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Polystyrene is solid at room temperature but flows out in molten form at high temperatures and this glassy transition state is used in extrusions such as styrofoaming and also for vacuum forming and molding. This is because polystyrene can be easily cast and lends itself to molding very finely. The major players include BASF SE, NOVA Chemicals, SABIC, SYTHOS SA and Total SA.