Posted 11/27/2023, 6:30:00 AM
Styrenics Market Forecast to Hit $186 Billion by 2034 on Construction, Auto, and Healthcare Growth
- The global styrenics market is projected to grow at a CAGR of 6.5% from 2024 to 2034, reaching $186 billion in value by 2034
- Demand is being driven by growth in industries like food processing, construction, and automotives along with rising incomes and populations
- Healthcare sector moving away from PVC towards styrene polymers for medical devices due to superior properties
- Market expected to be driven by growth of bio-based and recyclable styrenics and their increasing use in 3D printing
- Key players focused on strategies like expanding into new products/markets, restructuring operations, and developing advanced products to maintain competitive edge