https://www.maximizemarketresearch.com/market-report/global-specialty-polystyrene-resin-market/26312/"> Global Specialty Polystyrene Resin Market was valued at US$ 109.2 Mn in 2017, and is expected to reach US$ 137.2 Mn by 2026, at a CAGR of 2.9 % during forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Specialty Polystyrene Resin market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Specialty Polystyrene Resin market. Polystyrene is a synthetic aromatic polymer that can be rigid, foamed, or an integral part of a copolymer. Copolymers include systems such as high impact polystyrene (HIPS) and acrylonitrile butadiene styrene (ABS), which have wide use due to their improved impact resistance. Polystyrene resins are clear, brittle, inexpensive, thermoplastic with low melting points, the latter of which makes the polymer uniquely suited to the precision molding of small parts (such as plastic cutlery) as well as vacuum forming. The major driving factor behind the Global Specialty Polystyrene Resin Market is increasing demand for protection from end-use industries such as packaging, building & construction, healthcare, and electrical & electronics. Emphasis on the reduction of greenhouse gas emissions and strict government regulations on the construction of energy-efficient buildings with better insulation properties are expected to drive the demand for specialty polystyrene resin. Based on the function, the protection segment is expected to account for the largest share of the Specialty Polystyrene Resin market. It is likely to continue their dominance throughout the forecast period due to its increasing demand from industries such as automotive and building & construction. Specialty polystyrene resin includes tensile, bending absorbing impact, sudden force, load bearing and others which are mostly needed in industries.
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