India Styrenics Market (2025-2031) Outlook | Size, Revenue, Share, Trends, Growth, Analysis, Forecast, Industry, Value & Companies

Name: India Styrenics Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Styrenics Market, India Styrenics Market, India Styrenics Market Revenues, India Styrenics Market Share, India Styrenics Market Size, India Styrenics Market Outlook, India Styrenics Market Report, India Styrenics Market Competition, India Styrenics Market Overview, India Styrenics Market Trends, India Styrenics Market Forecast

Market Forecast By Polymer Types (Polystyrene (PS), Expanded Polystyrene (EPS), Acrylonitrile Butadiene Styrene (ABS), Styrene Butadiene Rubber (SBR), Unsaturated Polyester Resin (UPR), Other Polymers) And Competitive Landscape

Product Code: ETC4490605	Publication Date: Jul 2023	Updated Date: Nov 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

India Styrenics Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s styrenics import market saw a diverse range of top exporting countries in 2024, with South Korea, China, Taiwan, Malaysia, and the USA leading the pack. Despite the varied sources, the market remained relatively unconcentrated, as indicated by the low Herfindahl-Hirschman Index (HHI). The industry experienced a healthy compound annual growth rate (CAGR) of 9.57% from 2020 to 2024, although there was a slight downturn in growth from 2023 to 2024 at -24.66%. This dynamic landscape suggests opportunities for continued growth and competition in the Indian styrenics import sector.

India Styrenics Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Styrenics Market Overview

Styrenics are a group of thermoplastic materials used in the production of a wide variety of products, including packaging materials, consumer goods, and construction materials. The India styrenics market has been expanding due to its relevance in the manufacturing of lightweight, durable, and cost-effective materials for consumer and industrial applications. This market is instrumental in catering to the demands of India growing consumer and construction sectors.

Drivers of the Market

The India styrenics market is propelled by the expanding packaging, automotive, and electronics industries. Styrenic polymers are widely used in these sectors due to their lightweight and durable properties. As these industries grow, the demand for styrenics increases, further bolstered by the increasing consumer demand for electronic devices and packaged goods.

Challenges of the Market

The styrenics market in India faces challenges related to environmental impact, as styrene and styrene-based products can be environmentally hazardous. Compliance with environmental regulations and addressing public concerns about plastic waste are significant challenges.

COVID-19 Impact on the Market

The India Styrenics market, which includes polystyrene and other related products, experienced a mixed impact due to the pandemic. While the packaging and medical sectors witnessed increased demand for styrenics, industries like automotive and consumer goods saw a decline in production and sales. The pandemic also exposed vulnerabilities in the supply chain.

Key Players in the Market

Notable contributors in the India styrenics market include companies such as India Synthetic Rubber Limited (ISRL), Supreme Petrochem, and LG Polymers India. These players are instrumental in the production and supply of styrene-based products, catering to industries like packaging, automotive, and consumer goods.

Key Highlights of the Report:

India Styrenics Market Outlook
Market Size of India Styrenics Market, 2024
Forecast of India Styrenics Market, 2031
Historical Data and Forecast of India Styrenics Revenues & Volume for the Period 2021-2031
India Styrenics Market Trend Evolution
India Styrenics Market Drivers and Challenges
India Styrenics Price Trends
India Styrenics Porter's Five Forces
India Styrenics Industry Life Cycle
Historical Data and Forecast of India Styrenics Market Revenues & Volume By Polymer Types for the Period 2021-2031
Historical Data and Forecast of India Styrenics Market Revenues & Volume By Polystyrene (PS) for the Period 2021-2031
Historical Data and Forecast of India Styrenics Market Revenues & Volume By Expanded Polystyrene (EPS) for the Period 2021-2031
Historical Data and Forecast of India Styrenics Market Revenues & Volume By Acrylonitrile Butadiene Styrene (ABS) for the Period 2021-2031
Historical Data and Forecast of India Styrenics Market Revenues & Volume By Styrene Butadiene Rubber (SBR) for the Period 2021-2031
Historical Data and Forecast of India Styrenics Market Revenues & Volume By Unsaturated Polyester Resin (UPR) for the Period 2021-2031
Historical Data and Forecast of India Styrenics Market Revenues & Volume By Other Polymers for the Period 2021-2031
India Styrenics Import Export Trade Statistics
Market Opportunity Assessment By Polymer Types
India Styrenics Top Companies Market Share
India Styrenics Competitive Benchmarking By Technical and Operational Parameters
India Styrenics Company Profiles
India Styrenics Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Styrenics Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Styrenics Market Revenues & Volume, 2021 & 2031F

3.3 India Styrenics Market - Industry Life Cycle

3.4 India Styrenics Market - Porter's Five Forces

3.5 India Styrenics Market Revenues & Volume Share, By Polymer Types, 2021 & 2031F

4 India Styrenics Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for styrenics in various end-use industries such as automotive, packaging, and construction due to their lightweight, durable, and cost-effective properties.

4.2.2 Growth in the construction sector in India leading to higher consumption of styrenics for applications like insulation materials, pipes, and fittings.

4.2.3 Innovation and technological advancements in styrenics production processes leading to improved product quality and cost-efficiency.

4.3 Market Restraints

4.3.1 Volatility in raw material prices, especially for key feedstocks like styrene monomer, impacting the overall production costs of styrenics.

4.3.2 Stringent environmental regulations and increasing focus on sustainability pushing styrenics manufacturers to invest in greener production processes and materials.

4.3.3 Competition from alternative materials like polyethylene and polypropylene affecting the market share of styrenics in certain applications.

5 India Styrenics Market Trends

6 India Styrenics Market, By Types

6.1 India Styrenics Market, By Polymer Types

6.1.1 Overview and Analysis

6.1.2 India Styrenics Market Revenues & Volume, By Polymer Types, 2021-2031F

6.1.3 India Styrenics Market Revenues & Volume, By Polystyrene (PS), 2021-2031F

6.1.4 India Styrenics Market Revenues & Volume, By Expanded Polystyrene (EPS), 2021-2031F

6.1.5 India Styrenics Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2021-2031F

6.1.6 India Styrenics Market Revenues & Volume, By Styrene Butadiene Rubber (SBR), 2021-2031F

6.1.7 India Styrenics Market Revenues & Volume, By Unsaturated Polyester Resin (UPR), 2021-2031F

6.1.8 India Styrenics Market Revenues & Volume, By Other Polymers, 2021-2031F

7 India Styrenics Market Import-Export Trade Statistics

7.1 India Styrenics Market Export to Major Countries

7.2 India Styrenics Market Imports from Major Countries

8 India Styrenics Market Key Performance Indicators

8.1 Percentage of recycled styrenics used in production, indicating the sustainability efforts of manufacturers.

8.2 Research and development investment as a percentage of total revenue, reflecting the focus on innovation and product development.

8.3 Percentage of market share in emerging applications such as 3D printing or medical devices, showing the penetration and diversification of styrenics in new markets.

9 India Styrenics Market - Opportunity Assessment

9.1 India Styrenics Market Opportunity Assessment, By Polymer Types, 2021 & 2031F

10 India Styrenics Market - Competitive Landscape

10.1 India Styrenics Market Revenue Share, By Companies, 2024

10.2 India Styrenics Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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