Europe Styrene Market (2019-2025) | Synopsis. Size, Revenue, Analysis, Forecast, Trends, Growth, industry, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Europe Styrene Market

The Europe styrene market is registering significant price volatility due to supply constraints and fluctuations in demand. The prices have been increasing steadily, and the upward trend is expected to continue in the short term. Additionally, the styrene market in Europe has been significantly impacted by the COVID-19 pandemic. Styrene is a key raw material used in the production of plastics, and with the disruption of supply chains and economic slowdown caused by the pandemic, demand for styrene has been impacted. Despite these challenges, the European styrene market has shown signs of recovery in recent months, as the global economy has slowly begun to reopen. Further, one of the major factors that have affected the European styrene market is the decline in demand from the automotive industry, which is a significant consumer of styrene-based products. With the closure of factories and a decrease in consumer demand for cars due to the pandemic, the demand for styrene has decreased.

The Europe styrene industry is experiencing increasing supply constraints in the past few years. Europe experienced a shortage of styrene a few years back due to production issues and unexpected outages at several facilities. This resulted in tight supply conditions and higher prices for the chemical. Moreover, despite the supply constraints, demand for styrene in Europe has been strong, particularly from the packaging and construction industries. This has led to a further increase in prices and tighter supply conditions. Further, to address the supply constraints, several companies in Europe have announced plans to invest in new styrene production capacity. For example, in July 2021, INEOS Styrolution announced that it would invest in a new styrene monomer plant in Antwerp, Belgium, with a production capacity of 600,000 tons per year. In addition, there is increasing pressure on the chemical industry to become more sustainable, and the styrene market is no exception. Several companies in Europe have announced initiatives to reduce their carbon footprint and increase the use of recycled materials in their production processes.

Europe Styrene Market Synopsis

Europe Styrene market revenues have registered a slow growth over the past years owing to the decline in the prices of styrene in the country. However, the increasing consumption of styrene in the automotive and packaging industry would propel the demand for the Styrene market in Europe over the coming years. Increasing investments by companies in the research and development of styrene solutions that are recycled and eco-friendly would positively influence the demand for the product in the European market. However, stringent environmental regulations to decrease emissions from the production of Styrene would hamper the market growth.

According to 6Wresearch, Europe Styrene Market size is anticipated to register growth during 2019-2025. Rising government investments in infrastructural development such as Ten-T Core Network, construction of the Blanka tunnel complex in Prague, Central transport hub- one of the largest airports in Europe, redevelopment of La Defense- one of the central business districts in Paris, redevelopment of Northvolt Gigafactory which is one of the largest li-ion battery factories in Europe would spur the demand of styrene market in Europe.

In overall Europe, Germany accompanied by the United Kingdom dominated the market revenues in 2018 and is expected to lead the market revenues throughout the forecast period owing to increasing growth in end-user industries such as electronics, packaging, construction, and consumer goods. Increasing spending on technological development in the automotive sector would further propel the growth of the styrene market over the coming years.

The Europe Styrene market report thoroughly covers the market by consumption, production process, and key countries including Germany, Italy, France, the United Kingdom and the Rest of Europe. The Europe Styrene market outlook report provides an unbiased and detailed analysis of the ongoing Europe Styrene market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Europe Styrene Market Overview
• Europe Styrene Market Outlook
• Europe Styrene Market Forecast
• Historical Data of Europe Styrene Market Revenues for the Period 2015-2018
• Europe Styrene Market Size and Europe Styrene Market Forecast of Revenues, Until 2025
• Historical Data of Europe Styrene Market Revenues, by Consumption, for the Period 2015-2018
• Market Size & Forecast of Europe Styrene Market Revenues, by Consumption, Until 2025
• Historical Data of Europe Styrene Market Revenues, by the Production Process, for the Period 2015-2018
• Market Size & Forecast of Europe Styrene Market Revenues, by the Production Process, Until 2025
• Historical Data of Germany Styrene Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Germany Styrene Market Revenues, Until 2025
• Historical Data of Italy Styrene Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Italy Styrene Market Revenues, Until 2025
• Historical Data of France Styrene Market Revenues, for the Period 2015-2018
• Market Size & Forecast of France's Styrene Market Revenues, Until 2025
• Historical Data of United Kingdom Styrene Market Revenues, for the Period 2015-2018
• Market Size & Forecast of United Kingdom Styrene Market Revenues, Until 2025
• Historical Data of Rest of Europe Styrene Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Rest of Europe Styrene Market Revenues, Until 2025
• Market Drivers and Restraints
• Europe Styrene Market Price Trends
• Europe Styrene Market Trends and Production Process Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Europe Styrene Market Share, By Players
• Europe Styrene Market Share, By Regions
• Europe Styrene Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Europe Styrene Market report provides a detailed analysis of the following market segments:

By Production Process:

• Ethylbenzene dehydrogenation
• Propylene oxide coproduct (PO/SM)
• Others

By Consumption:

• Polystyrene
• Expanded Polystyrene
• Acrylonitrile Butadiene Styrene (ABS)
• Styrene Butadiene Rubber
• Styrene Butadiene Latex
• Unsaturated Polyester Resins (UPR)
• Others

By Countries

• Germany
• Italy
• France
• United Kingdom
• Rest of Europe

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