Market Forecast By Type (Acrylonitrile Butadiene Styrene (ABS), Expanded Polystyrene (EPS), Others), By Application (Automotive, Construction, Packaging Consumer Goods, Others), By Distribution Channel (Offline, Online) And Competitive Landscape
| Product Code: ETC348384 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s styrene import market continued to thrive in 2024, with top exporting countries including Kuwait, Saudi Arabia, Singapore, South Korea, and Taiwan. The market displayed a high concentration with the Herfindahl-Hirschman Index (HHI) remaining elevated. The compound annual growth rate (CAGR) from 2020 to 2024 stood impressively at 23.82%, showcasing the robust expansion of the industry. Notably, the growth rate from 2023 to 2024 surged by 16.47%, indicating a sustained momentum in the import shipments of styrene into India.

India Styrene Market | Country-Wise Share and Competition Analysis
In the year 2021, Rep. of Korea was the largest exporter in terms of value, followed by Other Asia, nes. It has registered a growth of 77.41% over the previous year. While Other Asia, nes registered a growth of 375.14% as compare to the previous year. In the year 2017 Rep. of Korea was the largest exporter followed by Malaysia. In term of Herfindahl Index, which measures the competitiveness of countries exporting, India has the Herfindahl index of 4623 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 2925 which signifies high concentration in the market.

India Styrene Market - Export Market Opportunities

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1 Executive Summary |
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2 Introduction |
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2.1 Key Highlights of the Report |
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2.2 Report Description |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3 India Styrene Market Overview |
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3.1 India Country Macro Economic Indicators |
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3.2 India Styrene Market Revenues & Volume, 2021 & 2028F |
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3.3 India Styrene Market - Industry Life Cycle |
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3.4 India Styrene Market - Porter's Five Forces |
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3.5 India Styrene Market Revenues & Volume Share, By Type, 2021 & 2028F |
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3.6 India Styrene Market Revenues & Volume Share, By Application, 2021 & 2028F |
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3.7 India Styrene Market Revenues & Volume Share, By Distribution Channel, 2021 & 2028F |
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4 India Styrene Market Dynamics |
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4.1 Impact Analysis |
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4.2 Market Drivers |
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4.2.1 Growing demand from end-use industries such as packaging, automotive, and construction |
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4.2.2 Increasing investments in infrastructure development projects in India |
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4.2.3 Favorable government policies and initiatives to boost manufacturing sector |
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4.3 Market Restraints |
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4.3.1 Volatility in raw material prices, particularly crude oil |
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4.3.2 Environmental concerns and regulatory challenges related to styrene production |
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4.3.3 Intense competition from other alternative materials in the market |
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5 India Styrene Market Trends |
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6 India Styrene Market, By Types |
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6.1 India Styrene Market, By Type |
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6.1.1 Overview and Analysis |
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6.1.2 India Styrene Market Revenues & Volume, By Type, 2018 - 2028F |
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6.1.3 India Styrene Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2018 - 2028F |
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6.1.4 India Styrene Market Revenues & Volume, By Expanded Polystyrene (EPS), 2018 - 2028F |
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6.1.5 India Styrene Market Revenues & Volume, By Others, 2018 - 2028F |
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6.2 India Styrene Market, By Application |
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6.2.1 Overview and Analysis |
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6.2.2 India Styrene Market Revenues & Volume, By Automotive, 2018 - 2028F |
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6.2.3 India Styrene Market Revenues & Volume, By Construction, 2018 - 2028F |
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6.2.4 India Styrene Market Revenues & Volume, By Packaging Consumer Goods, 2018 - 2028F |
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6.2.5 India Styrene Market Revenues & Volume, By Others, 2018 - 2028F |
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6.3 India Styrene Market, By Distribution Channel |
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6.3.1 Overview and Analysis |
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6.3.2 India Styrene Market Revenues & Volume, By Offline, 2018 - 2028F |
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6.3.3 India Styrene Market Revenues & Volume, By Online, 2018 - 2028F |
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7 India Styrene Market Import-Export Trade Statistics |
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7.1 India Styrene Market Export to Major Countries |
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7.2 India Styrene Market Imports from Major Countries |
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8 India Styrene Market Key Performance Indicators |
8.1 Capacity utilization rate of styrene production facilities in India |
8.2 Average selling price of styrene in the Indian market |
8.3 Number of new product launches using styrene as a primary material |
8.4 Growth rate of styrene consumption in key industries such as packaging, automotive, and electronics |
8.5 Adoption rate of sustainable production practices in the styrene manufacturing sector |
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9 India Styrene Market - Opportunity Assessment |
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9.1 India Styrene Market Opportunity Assessment, By Type, 2021 & 2028F |
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9.2 India Styrene Market Opportunity Assessment, By Application, 2021 & 2028F |
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9.3 India Styrene Market Opportunity Assessment, By Distribution Channel, 2021 & 2028F |
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10 India Styrene Market - Competitive Landscape |
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10.1 India Styrene Market Revenue Share, By Companies, 2021 |
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10.2 India Styrene Market Competitive Benchmarking, By Operating and Technical Parameters |
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11 Company Profiles |
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12 Recommendations |
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13 Disclaimer |