Polystyrene Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Polystyrene Market Size and is Segmented by Resin Type (General Purpose Polystyrene, High Impact Polystyrene, and Expandable Polystyrene), Form Type (Foams, Films, and Sheets, Injection Molding, and Other Form Types), End-User Industry (Packaging, Building, and Construction, Electrical and Electronics, Consumer Goods, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Report Offers the Market Size and Forecasts for Polystyrene in Terms of Revenue (USD Million) for all the Above Segments.

Polystyrene Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Polystyrene Market Size

Polystyrene Market (2025 - 2030)
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Polystyrene Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Polystyrene Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Polystyrene Market Analysis

The Polystyrene Market is expected to register a CAGR of greater than 5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. The global residential home construction revenue witnessed a decline of 7% in 2020, owing to lockdowns, unavailability of raw materials, and shortage of laborers. However, demand for packaging products, including food packaging and non-food packaging, has increased owing to the rising trend of consumer spending on e-commerce and food delivery applications, thereby positively impacting the demand for polystyrene.

  • Over the short term, major factors driving the market studied are recycling in the polystyrene industry and the growing consumer electronics market. The global consumer electronics industry has been growing rapidly across the world over the years, owing to the consistently increasing demand for cellular phones, portable computing devices, gaming systems, and other personal electronic devices.
  • On the flip side, increasing the ban on polystyrene across North America and Europe and the availability of high-performance substitutes will likely hinder the market.
  • The development of bio-based polystyrene is expected to act as a market opportunity in the forecast period.
  • Asia-Pacific dominated the market across the world, with the largest consumption in countries such as India and China.

Polystyrene Industry Overview

The polystyrene market is partially consolidated in nature. Some of the major players include BASF SE, SABIC, Total, LG Chem, and INEOS Styrolution Group GmbH.

Polystyrene Market Leaders

  1. SABIC

  2. Total

  3. LG Chem

  4. BASF SE

  5. INEOS Styrolution Group GmbH

  6. *Disclaimer: Major Players sorted in no particular order
Polystyrene Market Concentration
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Polystyrene Market News

  • September 2022: INEOS Styrolution introduced the bio attributed polystyrene, which is manufactured from renewable ISCC-certified feedstock, and recycling solutions for polystyrene that make downcycling unnecessary.
  • April 2022: Sabic announced the manufacturing of circular polymers in Europe by the end of this year to comply with stringent EU regulations and increasing demand for recycled polymers.

Polystyrene Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Recycling in the Polystyrene Industry
    • 4.1.2 Growing Consumer Electronics Market
  • 4.2 Restraints
    • 4.2.1 Increasing Ban on Polystyrene across North America and Europe
    • 4.2.2 Availability of High-performance Substitutes
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter Five Forces
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Resin Type
    • 5.1.1 General Purpose Polystyrene (GPPS)
    • 5.1.2 High Impact Polystyrene (HIPS)
    • 5.1.3 Expandable Polystyrene (EPS)
  • 5.2 Form Type
    • 5.2.1 Foams
    • 5.2.2 Films and Sheets
    • 5.2.3 Injection Molding
    • 5.2.4 Other Form Types
  • 5.3 End-user Industry
    • 5.3.1 Packaging
    • 5.3.2 Building and Construction
    • 5.3.3 Electrical and Electronics
    • 5.3.4 Consumer Goods
    • 5.3.5 Other End-user Industries
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Atlas Molded Products
    • 6.4.2 Alpek S.A.B. de CV
    • 6.4.3 Americas Styrenics LLC (AmSty)
    • 6.4.4 BASF SE
    • 6.4.5 CHIMEI
    • 6.4.6 Formosa Chemicals & Fibre Corp.
    • 6.4.7 INEOS Styrolution Group GmbH
    • 6.4.8 Innova
    • 6.4.9 KUMHO PETROCHEMICAL
    • 6.4.10 LG Chem
    • 6.4.11 SABIC
    • 6.4.12 Synthos
    • 6.4.13 Total
    • 6.4.14 Trinseo
    • 6.4.15 Versalis SpA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Ongoing Research to Develop Bio-based Polystyrene
**Subject to Availability
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Polystyrene Industry Segmentation

Polystyrene is a synthetic hydrocarbon resin made from styrene monomer. The market is segmented on the basis of resin, form, end-user industry, and geography. By resin, the market is segmented into general-purpose polystyrene, high-impact polystyrene, and expandable polystyrene. By form, the market is segmented into foams, films, and sheets, injection molding, and other form types. By end-user industry, the market is segmented into packaging, building, and construction, electrical and electronics, consumer goods, and other end-user industries. The report also covers the market size and forecasts for the polystyrene market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Resin Type General Purpose Polystyrene (GPPS)
High Impact Polystyrene (HIPS)
Expandable Polystyrene (EPS)
Form Type Foams
Films and Sheets
Injection Molding
Other Form Types
End-user Industry Packaging
Building and Construction
Electrical and Electronics
Consumer Goods
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Polystyrene Market Research FAQs

What is the current Polystyrene Market size?

The Polystyrene Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Polystyrene Market?

SABIC, Total, LG Chem, BASF SE and INEOS Styrolution Group GmbH are the major companies operating in the Polystyrene Market.

Which is the fastest growing region in Polystyrene Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Polystyrene Market?

In 2025, the Asia Pacific accounts for the largest market share in Polystyrene Market.

What years does this Polystyrene Market cover?

The report covers the Polystyrene Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Polystyrene Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Polystyrene Industry Report

The global polystyrene foam market is experiencing remarkable growth, driven by stringent environmental regulations aimed at reducing greenhouse gas emissions and boosting the demand for building thermal insulation. This growth is further fueled by the booming construction and packaging industries, particularly in the Asia Pacific region, which is witnessing rapid economic development and an increase in income levels. High Impact Polystyrene (HIPS) has become a dominant segment, primarily due to its widespread use in the packaging industry, capitalizing on the global shift towards packaged food products. Despite this, the polystyrene market faces challenges such as the volatility of raw material prices and a growing preference for molded pulp packaging. However, opportunities abound in the recyclability of polystyrene products, an area gaining importance due to environmental concerns. The market also benefits from the expanding consumer electronics sector, which is propelling the demand for polystyrene across various applications. The development of bio-based polystyrene is opening new avenues for market growth. For comprehensive insights into the Polystyrene Foam market's share, size, and revenue growth rate, Mordor Intelligence™ Industry Reports offer detailed analysis, including market forecasts and historical overviews. Get a sample of this industry analysis as a free report PDF download.