CLEVELAND, Jan. 21, 2019 /PRNewswire/ -- US demand for
polystyrene resin is forecast to rise 0.6% annually in volume terms
through 2022, according to Polystyrene: United States, a report recently
released by Freedonia Focus Reports. Suppliers will benefit from
gains in the production of foodservice disposables, building
products, appliances, electronics, electrical equipment, and
non-wood furniture. However, further demand gains will be limited
by rising substitution with more environmentally friendly resins
such as polylactic acid (PLA). Ongoing competition with other
resins and materials, such as polyethylene terephthalate (PET) and
paper, will also continue to restrain polystyrene resin demand.
Finally, municipal bans on single-use polystyrene foam used for
products such as disposable drinking cups and food takeout
containers will also limit gains to some extent.
More information about the report is available at:
https://www.freedoniafocusreports.com/Polystyrene-United-States-FF55043/
In value terms, polystyrene demand is projected to rise 2.8%
yearly to 2022. Gains will reflect slight advances in volume terms
and 2.1% per annum expected growth in prices.
These and other key insights are featured in Polystyrene:
United States. This report
forecasts to 2022 US polystyrene resin demand and shipments in
pounds and demand in nominal US dollars at the producer level.
Total demand in pounds is segmented by form in terms of:
- crystal (solid)
- rubber-modified
- expanded
Total demand in pounds is also segmented by market as
follows:
- consumer and institutional
- packaging
- building products
- electrical and electronic
- other markets such as furniture and furnishings, industrial
machinery, and transportation
To illustrate historical trends, total demand, total shipments,
the various segments, and trade are provided in annual series from
2007 to 2017.
Recycled polystyrene resin is excluded from the scope of this
report. Re-exports of polystyrene resin are excluded from demand
and trade figures.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of
MarketResearch.com – publishes over 20 new or updated Freedonia
Focus Reports, providing fresh, unbiased analysis on a wide variety
of markets and industries. Published in 20-30 pages, Focus Report
coverage ranges from raw materials to finished manufactured goods
and related services such as freight and construction. Additional
Materials & Chemicals reports can be purchased at Freedonia
Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent
topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key
indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
Press Contact:
Corinne
Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com
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SOURCE The Freedonia Group