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Report World - Styrene - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

World - Styrene - Market Analysis, Forecast, Size, Trends and Insights

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Global Styrene Market 2025

Styrene Market Size

In 2021, the global styrene market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Styrene Production

In value terms, styrene production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18%. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Styrene Exports

Exports

Global styrene exports reduced modestly to X tons in 2021, which is down by -5% on the year before. In general, exports saw a mild decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 6.5%. The global exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, styrene exports soared to $X in 2021. Over the period under review, exports continue to indicate a noticeable shrinkage. The global exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of styrene, namely the United States, the Netherlands and Saudi Arabia, represented more than third of total export. Singapore (X tons) held the next position in the ranking, followed by South Korea (X tons), Japan (X tons), Kuwait (X tons) and Canada (X tons). All these countries together took near 31% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +1.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2021, together comprising 49% of global exports. These countries were followed by Singapore, South Korea, Japan, Kuwait and Canada, which together accounted for a further 30%.

In terms of the main exporting countries, Kuwait, with a CAGR of -0.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices by Country

The average styrene export price stood at $X per ton in 2021, surging by 67% against the previous year. In general, the export price, however, saw a slight descent. The global export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Kuwait ($X per ton), while Saudi Arabia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.5%), while the other global leaders experienced a decline in the export price figures.

Styrene Imports

Imports

Global styrene imports reduced slightly to X tons in 2021, shrinking by -3.4% compared with the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 6.6%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of global imports remained at a lower figure.

In value terms, styrene imports soared to $X in 2021. Over the period under review, imports saw a perceptible decrease. Global imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons), distantly followed by India (X tons), Belgium (X tons), Turkey (X tons), Mexico (X tons), the United States (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the largest importers of styrene, together achieving 63% of total imports. The following importers - Germany (X tons), France (X tons), Hong Kong SAR (X tons), the Netherlands (X tons) and Brazil (X tons) - together made up 16% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +14.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest styrene importing markets worldwide were China ($X), India ($X) and Belgium ($X), with a combined 34% share of global imports. Turkey, Mexico, the United States, Germany, France, Taiwan (Chinese), South Korea, the Netherlands, Hong Kong SAR and Brazil lagged somewhat behind, together accounting for a further 44%.

In terms of the main importing countries, Turkey, with a CAGR of +12.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average styrene import price stood at $X per ton in 2021, surging by 62% against the previous year. In general, the import price, however, saw a slight downturn. Global import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in France ($X per ton) and Germany ($X per ton), while Taiwan (Chinese) ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 37% share of global consumption.
The countries with the highest volumes of in 2021 were the United States, China and Saudi Arabia, together accounting for 35% of global production.
In value terms, the largest styrene supplying countries worldwide were the Netherlands, the United States and Saudi Arabia, with a combined 54% share of global exports.
In value terms, the largest styrene importing markets worldwide were China, India and Belgium, together accounting for 37% of global imports. These countries were followed by Mexico, the United States, Germany, South Korea, France, Turkey, the Netherlands, Hong Kong SAR, Taiwan Chinese) and Brazil, which together accounted for a further 42%.
In 2021, the average styrene export price amounted to $1,087 per ton, surging by 52% against the previous year.
In 2021, the average styrene import price amounted to $1,196 per ton, picking up by 59% against the previous year.

This report provides an in-depth analysis of the global styrene market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20141250 - Styrene

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Chevron Phillips Chemical Company LLC, ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC), Total S.A., The Dow Chemical Company, Americas Styrenics, LG Chem, E & T Plastics Mfg. Co., SAE Manufacturing Specialties Corp, Hydrite Chemical Co., Transcendia, Plastic Products, Polyscope Polymers North America, Kind Chemical, Nova Chemicals Corp., Deltech Corp., Progressive Plastics, Westlake Chemical Corp., Deltech Polymers Corp., Hanwha International LLC, Lotte Advanced Materials

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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