Styrene Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027
Styrene Market Projected to Accumulate USD 70.97 Billion by 2027 The widespread use of polystyrene across the packaging and consumer goods sectors is a significant factor stimulating global market growth. Market Size – USD 48.92 billion in 2018, Market Growth - CAGR of 4.2%, Market Trends – The rapidly growing buildings & construction industry The global styrene market is expected to be valued at USD 70.97 Billion in 2027 from USD 48.92 billion in 2018, registering a CAGR of 4.2% through the forecast period. Styrene is an organic compound derived from benzene. Naturally produced by some specific plants, styrene is a colorless oily liquid; however, aged samples of styrene sometimes appear yellow in color. This chemical compound has a sweet and pleasant odor and can get evaporated quickly at room temperatures. Styrene resins find extensive application in the production of latex, polystyrene resins, and synthetic rubber. Besides, these resins are used in plast...