Global Polystyrene Market

The insulated concrete form market consists of sales of insulated concrete form by entities (organizations, partnerships, sole traders) that manufacture insulated concrete form. Insulated Concrete Forms (ICFs) are concrete wall-forming systems that stay in place permanently as part of the structure and are not removed after the concrete has hardened. High-density styrofoam or other lightweight materials are used for their formation. The insulated concrete forms are separate panels connected with plastic or metal ties or can be pre-formed interlocking blocks. The main types of insulated concrete form are polystyrene foam, polyurethane foam, cement-bonded wood fiber, cement-bonded polystyrene beads, and cellular concrete. Polystyrene foams are good thermal insulators and are therefore used as building insulation materials. Polyurethane foam is manufactured by reacting polyols and diisocyanates. Cement-bonded wood fiber is a composite material, usually made from waste wood, chipped into a specially classified aggregate that is then mineralized and combined with the portland cement. Cement-bonded polystyrene beads are used to reduce the density of cement-bonded composite (CBC) for reducing the main limitation of CBC in its applications. Cellular concrete is a combination of cement, preformed foam, and water. These types of insulated concrete forms are mainly used in the construction industry as insulating materials. The insulated concrete form market research report is one of a series of new reports from The Business Research Company that provides insulated concrete form market statistics, including insulated concrete form industry global market size, regional shares, competitors with an insulated concrete form market share, detailed insulated concrete form market segments, market trends and opportunities, and any further data you may need to thrive in the insulated concrete form industry. This insulated concrete form market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global insulated concrete form market is expected to grow from $0.93 billion in 2021 to $0.98 billion in 2022 at a compound annual growth rate (CAGR) of 5.39%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The insulated concrete form market is expected to reach $1.23 billion in 2026 at a CAGR of 5.81%. The increasing demand for energy-efficient buildings is driving the insulated concrete form (ICF) market. Construction industries, particularly in regions such as Europe and North America are increasingly constructing green and energy-efficient buildings. ICFs are lightweight, hollow forms generally manufactured using high-density expanded polystyrene panels. These panels are connected & distinctively designed with 100% recycled polypropylene webs. ICFs minimize the waste produced which is 100% recyclable. ICFs enhance the energy efficiency of construction buildings. For example, in 2020, The Howland Green Business Centre in Canada was built using the new XR35 by Nudura, an enhanced insulated concrete form, which makes the building’s combined thermal resistance value higher than the insulated concrete forms used in other similar structures. Public-private partnerships are the key trend in the insulated concrete form market. For instance, in April 2021, the Insulating Concrete Forms Manufacturers Association (ICFMA), a UK-based company that promotes the use of Insulating Concrete Forms (ICF), announced a partnership with National Ready Mixed Concrete Association’s (NRMCA) Build with a strength program, Build with Strength 2.0. The program is partnering with Habitat for Humanity International to secure decent, inexpensive, and sustainable housing across the United States and it is donating concrete for the construction of Habitat homes. Further, in August 2021, Graven Hill, a self build a village in the UK, partnered with Iconic Development Group (IDG) to offer ICF-constructed homes in the UK. Moreover, IDG is building six homes at Graven Hill and plans to build 20 houses at that site in the coming years. In February 2021, Insulating Concrete Forms Manufacturers Association (ICFMA), a Canadian non-profit trade association for the insulated concrete form industry, announced to partner with National Ready Mixed Concrete Association’s (NRMCA) Build with a strength program, Build with Strength 2.0. The program is partnering with Humanity International to reinforce reasonable, modest, and durable housing across the US and is donating concrete for the construction of Habitat homes. NRMCA is an association for the concrete form industry. Major players in the insulated concrete form market are Nudura Corporation, Quad-Lock Building Systems, AMVIC, Beco Products, LOGIX Insulated Concrete Forms, Polycrete International, LiteForm, Sunbloc, Rastra, SuperForm Products, Durisol, Fox Blocks, ConForm Global, KORE, Mikey Block Co, Integraspec, Standard ICF Corp, and Logix Insulated Concrete Forms Ltd. North America was the largest region in the insulated concrete form market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insulated concrete form market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the insulated concrete Form market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global insulated concrete form market is segmented - 1) By Material: Polystyrene Foam, Polyurethane Foam, Cement-bonded Wood Fiber, Cement-bonded Polystyrene Beads, Cellular Concrete 2) By Type: Waffle Grid System, Flat Wall System, Post & Beam System, Others 3) By Application: Commercial, Industrial, Infrastructural, Residential

The plastic caps and closures market consists of sales of plastic caps and closure products by entities (organizations, sole traders, or partnerships) that are mainly produced from high-density polyethylene (HDPE) and polypropylene (PP). Plastic caps and closures are the final elements of the packaging process that are used in a variety of applications such as beverage packaging, non-food packaging, and cosmetic packaging. The main types of products in plastic caps and closures are screw caps, dispensing caps and others. Dispensing caps is a type of closure used to dispense product from container or a bottle. Different types of dispensing caps include turret or directional spout, single or dual flap, snap-top, push-pull, Yorker, spigot styles, disc-top, hinge, snip-tip, spice, shaker and twist open-close. The different materials include polypropylene, polystyrene, polyethylene and is implemented in various verticles such as pharmaceutical, personal care, food and beverages. The plastic caps and closures market research report is one of a series of new reports from The Business Research Company that provides plastic caps and closures market statistics, including plastic caps and closures industry global market size, regional shares, competitors with a plastic caps and closures market share, detailed plastic caps and closures market segments, market trends and opportunities, and any further data you may need to thrive in the plastic caps and closures industry. This plastic caps and closures market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global plastic caps and closures market is expected to grow from $37.01 billion in 2020 to $39.74 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The plastic caps and closures market is expected to reach $52.31 billion in 2025 at a CAGR of 7.1%. An increase in demand for bottled water from consumers across the globe is driving the plastic caps and closures market. The bottled water is sealed with plastic caps and closures to prevent spillage, facilitate easy transportation and extend shelf life. The demand for bottled water is increasing due to the rise in awareness of water contamination and safety concerns. For instance, according to a 2019 study by Water Quality Association in the USA, around 78% of the respondents confirmed that they regularly consume bottled water, averaging 12 bottles daily per household. Moreover, as per the Bottled water statistics, in 2020 the volume of bottled water climbed by 4.2%, compared to 3.7% in 2019. This is expected to continue in the forecast period thus driving the demand for plastic caps and the closures market. Key players operating in the plastics caps and closures market are focusing on developing and launching innovative products to meet the sustainability targets set by governing bodies across the globe. For instance, in September 2020, Borealis and MENSHEN, the leading players in plastic closures and packaging solutions have partnered on a series of ten package closures based on Borcycle, a progressive recycling technology that turns polyolefin-based waste streams into value-adding adaptable products. Borcycle is developed to make a variety of recycled polyolefins (rPO)-based compounds that are excellent for use in complex rigid packaging applications. In July 2019, Berry Global Group, a US-based global manufacturer of plastic packaging acquired RPC Group Plc for $6.5 billion. The acquisition is expected to allow Berry Group to leverage combined innovative materials science, product development, and manufacturing technologies to create value for customers. RPC Group Plc is a UK-based manufacturer of rigid plastic packaging products. Major players in the plastic caps and closures market are Berry Global Inc, Guala Closures Group, BERICAP, O.Berk Company, United Caps, Caps & Closures Pty Ltd., Pano Cap Limited, Plastic Closures Ltd., Cap & Seal Pvt. Ltd, Phoenix Closure, Hicap Closures, and MJS Packaging. Asia Pacific was the largest region in the plastic caps and closures market in 2020. The regions covered in the plastic caps and closures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the plastic caps and closures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global plastic caps and closures market is segmented - 1) By Product Type: Screw Caps, Dispensing Caps, Others 2) By Materials: Polypropylene, Polystyrene, Polyethylene, Others 3) By End-User: Pharmaceutical, Personal Care, Food And Beverages, Others

The plastic products market consists of sales of plastic products by entities (organizations, sole traders and partnerships) that produce packaging materials, film and sheet, foam products, plastic bottles, and all other plastic products which have domestic and industrial applications. These businesses use polymers and resins as raw materials which are primarily sourced from polymer suppliers. The processes used in plastic product manufacturing include compression molding, extrusion molding, injection molding, blow molding, and casting. The main types of plastic products are plastics packaging materials and unlaminated film and sheet, plastic pipes and shapes, laminated plastics plate, sheet, and shape, plastics bottle, polystyrene foam products, urethane and other foam product and other plastics product. The plastic material is typically applied for glass-clear packaged foods, such as fresh salads, fruits, cold meats, snacks, and so on. The different technologies include injection molding, extrusion molding, blow molding, others and is used in various sectors such as automotive & transportation, electrical & electronics, medical, construction, others. The plastic products market research report is one of a series of new reports from The Business Research Company that provides plastic products market statistics, including plastic products industry global market size, regional shares, competitors with a plastic products market share, detailed plastic products market segments, market trends and opportunities, and any further data you may need to thrive in the plastic products industry. This plastic products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global plastic products market grew from $888.99 billion in 2021 to $979.27 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The plastic products market is expected to grow to $1,260.41 billion in 2026 at a CAGR of 6.5%. The plastics products manufacturing industry is affected by the growth of the packaging industry. There are a number of new developments in the packaging industry that will drive the demand for plastic materials. Convenience features, such as resealable packs, easy-to-open stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. These developments in packaging will increase the consumption of plastics and are driving the market. The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the plastic products manufacturing market in 2021 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the plastic products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy The practice of using 3D printing in plastic manufacturing is becoming more common. This technology produces solid objects from digital designs by building up multiple layers of plastic, resin, or other materials in a precisely determined shape. The speed and flexibility of this technology can promote innovation and reduce time-to-market. The products produced using 3D printers have good mechanical properties like strength and rigidity. For example, Stratasys developed one such color multi-material 3D printer which can combine colors with multi-material 3D printing. The printer uses cyan, magenta, and yellow colors and plastics and elastomers as base materials to print objects with wide ranges of flexibility and rigidity, transparency, and opacity. Major companies in the plastic products market include Amcor Limited, Berry Global Group Inc., Sealed Air Corporation, Avery dennison, Thyssenkrupp AG, LyondellBasell Industries Holdings BV, Brookfield Asset Management, Sekisui Chemical Co. Ltd., Aptar Group, and 3M Company. Asia Pacific was the largest region in the plastic products market in 2021. North America was the second largest region in the plastic products market. The regions covered in the plastic products report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastic products market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global plastic products market is segmented - 1) By Type: Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Polystyrene Foam Products, Urethane And Other Foam Product, Other Plastics Product 2) By Technology: Injection Molding, Extrusion Molding, Blow Molding, Other Technologies 3) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users Subsegments Covered: Bags And Pouches, Films And Sheets, Unlaminated Plastics Profile Shape, Plastics Pipe And Pipe Fitting HDPE Plastic Bottles, PET Plastic Bottles, PP Plastic Bottles, Other Plastic Bottles

The structural insulated panels market consists of sales of structural insulated panels (SIPs) by entities (organizations, partnerships, and sole proprietors) that consist of a super-strong construction panel having an insulating foam between two structural facings. SIPs are high-performance insulating panels used to construct walls, ceilings, and floors for residential and light commercial construction. They have superior strength against natural disasters, high energy-efficiency, and are cost-effective in construction purposes. The main structural insulated panels products include EPS (Expanded Polystyrene) panel, rigid polyurethane (PUR) and rigid polyisocyanurate (PIR) panel, glass wool panel and other products. EPS (Expanded Polystyrene) panel refers to a white foam plastic material produced from solid beads of polystyrene. It is used in insulated panel systems for use in floors, walls and roofs of domestic as well as commercial buildings. The structural insulated panels facing materials include oriented strand board (OSB) structural insulated panels and magnesium oxide (MgO) board structural insulated panels. The different applications of structural insulated panels are for walls and floors, roofs and cold storage which are used by residential and nonresidential end-users. The structural insulated panels market research report is one of a series of new reports from The Business Research Company that provides structural insulated panels market statistics, including structural insulated panels industry global market size, regional shares, competitors with a structural insulated panels market share, detailed structural insulated panels market segments, market trends and opportunities, and any further data you may need to thrive in the structural insulated panels industry. This structural insulated panels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global structural insulated panels market is expected to grow from $0.38 billion in 2021 to $0.40 billion in 2022 at a compound annual growth rate (CAGR) of 5.46%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The structural insulated panels market is expected to reach $0.50 billion in 2026 at a CAGR of 5.66%. Increasing emphasis on green buildings is expected to propel the growth of the structural insulated panels market. The structural insulated panel system has superior thermal resistance and, insulation capabilities, which enables the building envelope to regulate the heating, cooling, and humidity using less energy to heat or cool. For instance, according to the US Green Building Council, in August 2019, California had over 46,252,746 sq. ft. of sustainable residential structures in the form of 39,296 buildings followed by Texas, with 24,598, and New York, with 10,876 certified residential units. Also, according to the World Green Building Council, the global green building industry has the potential to cut energy consumption by 50% or more by 2050. Therefore, increasing emphasis on green buildings is driving the growth of the structural insulated panels market. Growing collaborations and strategic partnerships among structural insulated panels companies is a key trend gaining popularity in the market. Structural insulated panel companies are focusing on manufacturing sustainable products and reducing emissions. For instance, in April 2021, Kingspan Group, an Ireland-based building materials company that produces structural insulated panels partnered with Sweden based fossil-free steel manufacturer, H2 Green Steel. The partnership would help in reducing embodied carbon in Kingspan’s insulated panel products by over 45% and aid towards net zero carbon manufacturing by 2030 with the intent of minimizing emissions to the lowest possible level. In August 2021, Owens Corning, a US-based producer of residential and commercial building materials acquired Vliepa GmbH for an undisclosed amount. The acquisition is expected to broaden Owens Corning’s global nonwovens portfolio to better serve European customers and accelerate the growth of building and construction market applications in the region. Vliepa GmbH is a Germany-based building materials company that produces structural insulated panels. Major players in the structural insulated panels  market are Kingspan Group, PFB Corporation, Isopan, Structural Panels Inc., Ingreen Systems Corp., Owens Corning, Premier Building Systems, Inc, T. Clear Corporation, ACME Panels, Eagle Panel Systems, Inc., Future Building of America, Isopan, Korwall Industries, M-sips, Inc. and Porter Corp North America was the largest region in the structural insulated panels market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the structural insulated panels  market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the structural insulated panels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global structural insulated panels market is segmented - 1) By Product: EPS (Expanded Polystyrene) Panel, Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panel, Glass Wool Panel, Other Products 2) By Facing Material: Oriented Strand Board (OSB) Structural Insulated Panels, Magnesium Oxide (MgO) Board Structural Insulated Panels 3) By Application: Walls And Floors, Roofs, Cold Storage 4) By End User: Residential, Nonresidential

The styrene market consists of sales of styrene and related services used for making synthetic rubber, resins, and plastics and improving drying oils. Styrene is a colorless, gritty organic compound derived from benzene. Styrene is readily evaporated and is also used as a precursor to polystyrene and several other copolymers. Styrene is a fragrant liquid used for making synthetic rubber, resins, and plastics and for improving drying oils. The main types of styrene are acrylonitrile butadiene styrene, expanded polystyrene, and other types. Expanded polystyrene (EPS) is a rigid, tough, and lightweight thermoplastic product. EPS is good for the packaging and construction industries because of its lightweight, strong, and excellent thermal insulation properties. It is also segmented by application into automotive, construction, packaging, consumer goods, and others that are available through offline and online distribution channels. The styrene market research report is one of a series of new reports from The Business Research Company that provides styrene market statistics, including styrene industry global market size, regional shares, competitors with a styrene market share, detailed styrene market segments, market trends and opportunities, and any further data you may need to thrive in the styrene industry. This styrene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global styrene market is expected to grow from $49.3 billion in 2021 to $52.28 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The styrene market is expected to grow to $62.81 billion in 2026 at a CAGR of 4.7%. The high demand for polystyrene drives the growth of the styrene market. Styrene is used to produce polystyrene through suspension polymerization. Polystyrene is a versatile plastic used for the manufacturing of refrigerators, air conditioners, ovens, microwaves, and vacuum cleaners. Polystyrene is majorly used in the packaging industry as it keeps food fresher for a longer duration. The demand for polystyrene is high in the automobile industry, where it is used in manufacturing car knobs, instrument panels, trim, energy-absorbing door panels, and sound-dampening foam. Thus, strong demand for polystyrene has resulted in a rise in demand. For instance, India and Iran are expected to lead the capacity expansion in the forecast period in order to cater to the demand. In India, Supreme Petrochem and LG Polymers India are expected to add 0.15 mtpa and 0.03 mtpa (million tonnes per annum) respectively. Thus, the rising demand for polystyrene and its derivatives positively drives the growth of the styrene market. The increasing health and environmental concerns due to the use of styrene limits the demand for styrene. Styrene is primarily used in the production of plastics and other resins. Short-term exposure to styrene in humans is known to result in mucous membrane and eye irritation and gastrointestinal effects, whereas long-term exposure to styrene results in effects on the central nervous system (CNS), such as headache, fatigue, weakness, depression, CSN dysfunction, hearing loss, and peripheral neuropathy. In animals, oral exposure to styrene affects the liver, blood, kidneys, and stomach. Thus, the ill effects of styrene on health and the environment restrict the growth of the styrene market. The companies in the styrene market are working towards developing techniques to recycle styrene. In order to increase the efficiency and popularity of styrene, companies are investing in developing methods to recycle styrene. In 2019, Trinseo, a synthetic rubber manufacturer, joined Styrenic Circular Solutions to drive the recycling of polystyrene, a product produced from styrene and used in the manufacturing of tires, back into new styrene monomer for the future of the industry. In February 2019, Ineos Styrolution, a German styrenics supplier, acquired Total's Chinese PS business that includes two polystyrene (PS) production sites. This acquisition contributes to Ineos' Triple Shift growth plan by expanding the company's production footprint in Asia and providing access to the Chinese domestic market. The Chinese PS business of Total is involved in the production of polystyrene in China. Major players in the styrene market are Alpek SAB DE CV, Ashland Inc, Ineos Group AG, Nova Chemicals Corporation, Bayer Material science, Chevron Phillips Chemical Company LLC, ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC), and Total S.A. The Asia Pacific was the largest region in the styrene market in 2021. The regions covered in the styrene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the styrene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global styrene market is segmented - 1) By Type: Acrylonitrile butadiene styrene (ABS), Expanded polystyrene (EPS), Other Types 2) By Application: Automotive, Construction, Packaging consumer goods, Other Applications 3) By Distribution Channel: Offline, Online

Polystyrene Foam Product Manufacturing Market Definition

The polystyrene foam product manufacturing market consists of sales by entities (organizations, sole traders and partnerships) that manufacture polystyrene foam products which are used in food packaging, electronics packaging, automobiles and the construction industry. These products include coolers, ice chests, cups, dinnerware, insulation sheets and other products made from polystyrene foam. This market does not include sales of other plastic foam products. Polystyrene is a lightweight plastic polymer made from suspension polymerization of styrene monomer. In suspension polymerization, styrene is treated with a polymerization initiator to convert it into polystyrene.