Download
1 / 4
40 likes | 43 Views
The third quarter proved to be muted for the North American Polystyrene industry. While demand from the medical and packaging sector remained resilient, the demand from larger segments, such as appliances, automotive and construction, are yet to show significant improvement due to high unemployment rates and hovering uncertainty in the economic growth.
E N D
Polystyrene Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Polystyrene Market Asia Asian Polystyrene players have reported healthy margins due to restocking activities by downstream packaging and disposable sectors while some countries prepare themselves for the upcoming festive season. However, some plant turnarounds which are expected in South Korea and Malaysia by the end of the October month may impact the supply chains. While the market still seems susceptible to fluctuations in the upstream Styrene values, Southeast Asian activity head towards improvement as some regional importers increase their run rates. Get more info : https://www.chemanalyst.com/Pricing-data/polystyrene- ps--11
Polystyrene Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Europe The Q3 results of the European Polystyrene remained satisfactory in anticipations that demand from the construction sector would gain focus in the upcoming months as the region bounces back from the COVID led disruptions. Steady demand for PS grades used for food packaging and medical applications will continue to widen the product margins. The quarter ended with AmSty, INEOS Styrolution and Trinseo signing a Joint Development Agreement (JDA) to ensure the circularity of Polystyrene through the first-of-its-kind Polystyrene recycling plant in France to widen the product scope. North America The third quarter proved to be muted for the North American Polystyrene industry. While demand from the medical and packaging sector remained resilient, the demand from larger segments, such as appliances, automotive and construction, are yet to show significant improvement due to high unemployment rates and hovering uncertainty in the economic growth. Polystyrene players maintained their run rates around 70-75% to grapple with the softening margins. How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of Chemanalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Polystyrene Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Polystyrene manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Polystyrene market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Polystyrene market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders on daily, weekly, monthly and yearly basis. and importers and customers Finally, region-specific markets for Polystyrene are analyzed and region- wise demand pattern is tracked.
Polystyrene Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Polystyrene (PS) is a thermoplastic resin made by polymerizing styrene monomer (SM). Be it solid or foam, polystyrene possesses extraordinary characteristics and is one of the most widely used materials in many areas such as disposables, domestic appliances, electronic items, toys, household appliances, furniture and foams for construction. Polystyrene can be manufactured by two processes- the first one is the most common and conventional method using Ethyl Benzene (EB) as a precursor, in which Ethylbenzene is dehydrogenated to yield Styrene and the second one is the Propylene Oxide (PO) route wherein Styrene is derived as a by-product and PO is considered as the main product. PS is available in several forms – general purpose (GPPS), medium impact and high impact (HIPS). Different grades of PS produced are used for different set of applications in several downstream industries.
