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Polystyrene Films: Introduction

  • Polystyrene (PS) is a naturally transparent thermoplastic that is available in solid and foam forms. Polystyrene film is lightweight, strong, and durable. Polystyrene plastic is used in a various consumer products and commercial packaging. Three major types of polystyrene are polystyrene foams, regular polystyrene plastics, and polystyrene films. Polystyrene films are often vacuum formed, and stretched out over a specific product and sealed to prevent the air from leaking in or out. Polystyrene films are used in various packaging, laminating, and printing applications. Some grades of these films are also approved for direct food contact.
  •  Key applications of polystyrene films include windows in various envelops and cartons, posters and sign laminates, high gloss packaging, protective films for display screens, and dashboard automotive components

Key Drivers and Restraints of Polystyrene Films Market

  • Expansion of packaging, food, and electronics industries is a key driver of the polystyrene films market. Growth in disposable income of consumers and their changing lifestyles are estimated to be major factors boosting the market.
  • Expansion of the automotive industry is also propelling the market. Films made of polystyrene are used to make components of a vehicle's dashboard due to their beneficial properties.
  • Rapid urbanization and rise in investments in the industrial sector are projected to augment the market. The polystyrene films market is likely to exhibit an optimistic trend during the COVID-19 pandemic.
  • Recycling property of polystyrene films and their application in consumer electronics are also vital drivers of the polystyrene films market
  • These films are non-biodegradable, thus causing environmental hazards. This is a key restraint of the polystyrene films market.

Polystyrene Films: Segmentation

  • The polystyrene films market can be segmented based on resin type, form type, and end-user industry
  • Based on resin type, the market can be divided into general purpose polystyrene (GPPS), high impact polystyrene (HIPS), and expandable polystyrene (EPS)
  • In terms of form type, the market can be segregated into foams, films, and sheets
  • Based on end-user industry, the market can be classified into packaging, building & construction, electrical & electronics, consumer goods, and others

Covid-19 Impact on Polystyrene Films Market

  • Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Graveyards and crematoriums have been working continuously to tackle the rise in dead bodies. Supply chains are facing disruptions, leading to disturbances in production activities in many countries.
  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Shortage of labor due to the ongoing COVID-19 crisis and unavailability of raw materials are further expected to hamper the polystyrene films market in the near future

Asia Pacific to Dominate Polystyrene Films Market

  • In terms of region, the global polystyrene films market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific dominates the global polystyrene films market, followed by North America. The global polystyrene films market in Asia Pacific is anticipated to expand during the forecast period due to the increase in demand for these films in end-user industries. Expansion of the polystyrene films market in Asia Pacific can be ascribed to the increase in industrialization and globalization across the region. China is anticipated to be the largest global polystyrene films market in region.
  • The polystyrene films market in Middle East & Africa is anticipated to expand at a rapid pace in the next few years

Key Manufacturers Operating in Global Polystyrene Films Market

The global polystyrene films market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global polystyrene films market include:

  • Atlas Molded Products
  • Alpek S.A.B. de CV
  • Americas Styrenics LLC (AmSty)
  • Formosa Chemicals & Fibre Corp
  • INEOS Styrolution Group GmbH
  • Innova
  • LG Chem
  • Versalis SpA

Global Polystyrene Films Market: Research Scope

Global Polystyrene Films Market, by Resin Type

  • General Purpose Polystyrene (GPPS)
  • High Impact Polystyrene (HIPS)
  • Expandable Polystyrene (EPS)

Global Polystyrene Films Market, by Form Type

  • Foams
  • Films
  • Sheets

Global Polystyrene Films Market, by End-user Industry

  • Packaging
  • Building & Construction
  • Electrical & Electronics
  • Consumer Goods
  • Others

Global Polystyrene Films Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Polystyrene Films Market

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