The ‘Global General-Purpose Polystyrene (GPPS) Market Size, Trends, Growth, Price, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global general-purpose polystyrene (GPPS) market, assessing the market on the basis of its segments like melt flow indexes (gm / 10 min), applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
General-Purpose Polystyrene (GPPS) Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4.10%
The excellent insulating ability of general-purpose polystyrene (GPPS) is driving its demand in diverse end-use sectors, including packaging and building and construction, among others. Various other benefits associated with general-purpose polystyrene (GPPS) such as transparency, x-ray resistance, and durability are boosting its usage for manufacturing test kits, diagnostic products, and test tubes, among others, in the medical sector.
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The general-purpose polystyrene (GPPS) market expansion is supported by the robust growth of the food and hospitality sectors and the surging use of the plastic in producing various kitchenwares, including refrigerated containers, food containers, dishes, and confectionery trays. Moreover, general-purpose polystyrene (GPPS) is extensively used in the manufacturing of goods like toothbrush containers, toys, and office equipment, among others.
The global general-purpose polystyrene (GPPS) market development is being propelled by the increasing application of GPPS in the packaging sector owing to its high stiffness and durability. In addition, the thriving e-commerce sector is expected to further propel the demand for GPPS packaging in the coming years.
General-Purpose Polystyrene (GPPS) Market Definition and Major Segments
General-purpose polystyrene (GPPS) is a flexible polymer that is used to create a variety of consumer goods. The polymerisation of styrene monomer yields this translucent polymer. It is frequently used in items that require transparency with a certain level of durability. Due to its versatility, it is extensively utilised in laboratory equipment and food packaging.
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The market for general-purpose polystyrene (GPPS), by melt flow index (gm / 10 min), can be segmented into:
Based on application, the market is divided into:
• Advertising Boards
• CD Jewel Case
The major regional markets for general-purpose polystyrene (GPPS) include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
General-Purpose Polystyrene (GPPS) Market Trends
The rising standards of living and rapid industrialisation across emerging economies are likely to boost the incorporation of plastics in the manufacturing of toys, stationery, and various consumer electronics, positively influencing the market for general-purpose polystyrene (GPPS).
The increasing demand for various household products including disposable houseware, cutlery, and utensils, among others, from the emrging middle class population is bolstering the general-purpose polystyrene (GPPS) market growth.
The product, due to its glass-like resolution and easy mouldability, is also witnessing increased utilisation in the food packaging sector, which is registering a healthy growth as a result of the evolving lifestyles and rising demand for packaged products. Also, as general purpose polystyrene is cheap and excellent material, its used as a raw material for XPS insulation board, thereby positively impacting the market expansion.
Key Market Players
The major players in the general-purpose polystyrene (GPPS) market report include
• Ineos Styrolution
• LG Chem
• Zheziang Polymers
• Formosa Plastics
• Supreme Petrochem
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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