| Product Code: ETC4490610 | 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 |
The Philippines continued to see steady growth in styrenics import shipments in 2024, with top exporting countries including China, Taiwan, South Korea, Singapore, and Thailand. Despite the moderate concentration indicated by the Herfindahl-Hirschman Index (HHI), the industry has shown a strong Compound Annual Growth Rate (CAGR) of 13.5% from 2020 to 2024. The impressive growth rate of 27.51% from 2023 to 2024 highlights the increasing demand for styrenics in the Philippines, driven by imports from key Asian suppliers.

Styrenics encompass a range of products, including polystyrene, used in packaging, insulation, and consumer goods. The Philippines Styrenics market is influenced by the packaging and construction sectors, as well as changing consumer preferences. Economic
The Styrenics market in the Philippines encompasses a wide range of products derived from styrene, such as polystyrene, expanded polystyrene (EPS), and acrylonitrile-butadiene-styrene (ABS) resins. These materials find applications in packaging, construct
The Philippines Styrenics market faces several challenges. First and foremost is environmental concern, as styrenics, especially polystyrene, is a non-biodegradable material that contributes to plastic pollution. Regulations to curb plastic waste are incr
Styrenics have diverse applications in various industries. The market might have seen a mixed impact, with some sectors like packaging and medical supplies experiencing increased demand, while others like automotive and construction faced setbacks.
In the Philippines Styrenics market, major players such as INEOS Styrolution Group GmbH, BASF SE, and SABIC are prominent. Styrenics are widely used in the production of packaging materials, automotive components, and consumer goods. These companies are k
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 Philippines Styrenics Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Styrenics Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Styrenics Market - Industry Life Cycle |
3.4 Philippines Styrenics Market - Porter's Five Forces |
3.5 Philippines Styrenics Market Revenues & Volume Share, By Polymer Types, 2021 & 2031F |
4 Philippines Styrenics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for styrenics in packaging industry due to its lightweight, durable, and cost-effective properties. |
4.2.2 Increasing construction activities and infrastructure development in the Philippines driving demand for styrenics products such as polystyrene foam insulation. |
4.2.3 Rise in disposable income leading to higher consumption of consumer goods packaged with styrenics materials. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices, particularly for styrene monomer, impacting the overall production costs of styrenics. |
4.3.2 Stringent environmental regulations and growing consumer awareness towards eco-friendly alternatives affecting the usage of styrenics products. |
4.3.3 Competition from substitute materials like bio-based plastics and recycled plastics challenging the market growth of styrenics. |
5 Philippines Styrenics Market Trends |
6 Philippines Styrenics Market, By Types |
6.1 Philippines Styrenics Market, By Polymer Types |
6.1.1 Overview and Analysis |
6.1.2 Philippines Styrenics Market Revenues & Volume, By Polymer Types, 2021-2031F |
6.1.3 Philippines Styrenics Market Revenues & Volume, By Polystyrene (PS), 2021-2031F |
6.1.4 Philippines Styrenics Market Revenues & Volume, By Expanded Polystyrene (EPS), 2021-2031F |
6.1.5 Philippines Styrenics Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2021-2031F |
6.1.6 Philippines Styrenics Market Revenues & Volume, By Styrene Butadiene Rubber (SBR), 2021-2031F |
6.1.7 Philippines Styrenics Market Revenues & Volume, By Unsaturated Polyester Resin (UPR), 2021-2031F |
6.1.8 Philippines Styrenics Market Revenues & Volume, By Other Polymers, 2021-2031F |
7 Philippines Styrenics Market Import-Export Trade Statistics |
7.1 Philippines Styrenics Market Export to Major Countries |
7.2 Philippines Styrenics Market Imports from Major Countries |
8 Philippines Styrenics Market Key Performance Indicators |
8.1 Adoption rate of sustainable practices in the production processes of styrenics manufacturers. |
8.2 Investment in research and development for innovative styrenics applications and technologies. |
8.3 Market penetration of styrenics products in emerging industries such as electronics and automotive sectors. |
9 Philippines Styrenics Market - Opportunity Assessment |
9.1 Philippines Styrenics Market Opportunity Assessment, By Polymer Types, 2021 & 2031F |
10 Philippines Styrenics Market - Competitive Landscape |
10.1 Philippines Styrenics Market Revenue Share, By Companies, 2024 |
10.2 Philippines Styrenics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |