세계의 폴리스티렌(PS) 시장, 수요, 생산능력, 수량, 가격대, 예측(-2034년)

The global polystyrene market is projected to grow steadily over the coming years, rising from a market size of USD 20.4 billion in 2024 to an estimated USD 28.1 billion by 2034, at a CAGR of 3.6%. Polystyrene is a thermoplastic polymer known for its versatility, transparency, and ease of processing. It can be molded using various methods such as injection molding, extrusion, and thermoforming, making it suitable for a wide range of end-use applications. Polystyrene is produced through the polymerization of styrene monomer using techniques including suspension, bulk, and emulsion polymerization, with each process suited to different product requirements and end uses.

Types and Applications Driving Polystyrene Growth

The polystyrene market is segmented into two types: General Purpose Polystyrene (GPPS) and High-Impact Polystyrene (HIPS). GPPS is favored for its clarity and rigidity, which makes it ideal for applications such as CD cases, disposable cutlery, and clear packaging. HIPS, which includes polybutadiene to enhance impact resistance, is widely used in more durable products such as refrigerator linings, television casings, and other household electronics. A blend of GPPS and HIPS is also commonly employed in packaging solutions that require both strength and clarity. The packaging industry is the largest consumer of polystyrene globally, particularly for food packaging items such as trays, cups, and containers. Other significant applications include the electrical and electronics sector, where polystyrene is used for its insulating properties, as well as the consumer goods, construction, and automotive sectors, where its lightweight and ease of molding properties are major market drivers.

Regional Demand Dynamics

Asia-Pacific leads the global market in both production and consumption, accounting for more than 55% of total demand in 2023. China alone is responsible for nearly 60% of regional demand, driven by rapid industrialization, growing electronics manufacturing, and rising demand for packaging. North America also maintains a significant presence in the market, with demand estimated at over 2,000 kilotons in 2022. However, the region has experienced limited growth, prompting producers to close underperforming plants and consolidate operations. Western Europe, representing around 11% of global demand, is also undergoing similar restructuring. Companies like INEOS, TotalEnergies, and Trinseo collectively hold over 70% of production capacity in the region. Growth in these mature economies is expected to remain slow, while emerging regions such as the Middle East and Latin America are beginning to show promising demand increases, driven by urbanization and industrial development.

Polystyrene Production Capacity

In 2024, global production capacity for polystyrene, encompassing both GPPS and HIPS, was estimated at more than 14,800 kilo tons. The production capacity is geographically diverse, with Asia (excluding China) accounting for about 30%, China contributing 28%, the Americas around 23%, Western Europe 11%, Central and Eastern Europe 5%, and the Middle East and Africa 4%. Between 2016 and 2023, the market experienced steady capacity increases, although overall demand growth during this period was modest at less than 2%. Global operating rates have remained in the mid-70% range, reflecting a balance between moderate demand and limited new capacity additions.

Several global producers dominate the polystyrene landscape. INEOS Styrolution is among the leading manufacturers, operating facilities across Europe. TotalEnergies and Chiemei Corporation are also major players, with the latter recently commissioning a new 350-kiloton facility in Zhangzhou, China, bringing its total capacity in the country to nearly 900 kilotons. In Turkey, Dioki Petrokimya has announced the addition of a new 70-kiloton GPPS plant, while Supreme Petrochem remains the largest GPPS and HIPS producer in India with a total capacity of 220 kilotons, which is set to increase by another 80 kilotons. IRPC in Thailand has transitioned its production from GPPS to HIPS, and Saudi Polymers shut down its 200-kiloton polystyrene plant in 2020 due to unfavorable production economics. These developments highlight the shifting focus of manufacturers toward more efficient, profitable, and strategically located operations.

Market Driver: Rising demand from the packaging industry

The growth trajectory of the polystyrene market is shaped by several factors including consumer demand, raw material trends, and regulatory developments. On the demand side, the rise in e-commerce, food delivery services, and fast-moving consumer goods (FMCG) is fueling the need for lightweight and cost-effective packaging materials.

The primary driver supporting polystyrene's continued use is its widespread application in packaging, which offers a cost-effective solution for manufacturers seeking to reduce expenses while maintaining product integrity. Its lightweight nature makes it ideal for transporting goods, and its insulation properties are valuable in preserving food and protecting electronic components. As urban populations expand and consumer lifestyles become more fast-paced, demand for disposable and convenient packaging solutions is only expected to grow further. Moreover, polystyrene's processing flexibility allows it to be molded into intricate shapes, enabling innovation in packaging design and functionality.

Market Restraint: Harmful for the Environment

Polystyrene is not biodegradable and has limited recyclability in many regions, leading to growing criticism over its contribution to plastic pollution. In response, several governments and municipalities, particularly in Europe and North America, have enacted or proposed regulations to restrict or ban single-use plastics, which directly impacts polystyrene's core markets. The absence of robust recycling infrastructure in several developing regions further compounds the issue. These concerns are pushing manufacturers to explore alternative materials and invest in research and development focused on bio-based or recyclable polystyrene variants.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Types
  • Applications
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand-Supply Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Packaging
• Electrical & Electronics
• Consumer Goods
• Construction
• Automotive
• Others

5. Capacity (Plants & Projects) Analysis

• Capacity, by Company
• Capacity, by Country and by region
• Capacity Overview, By Region and Country

6. Introduction to Polystyrene (PS) and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

7. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

8. Global Polystyrene (PS) Demand-Supply Analysis, By Types, By Applications (Volume, Value) (2018-2034)

• Strategic Issues
• Demand-Supply Analysis and Forecast (2018- 2034)
  • Capacity
  • Capacity Utilization (%)
  • Production
  • Imports
  • Exports
  • Net Trade
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Polystyrene (PS) Market, By Types
• General Purpose Polystyrene (GPPS)
• High-impact Polystyrene (HIPS)
• Others
  • Global Polystyrene (PS) Market, By Applications
• Packaging
• Electrical & Electronics
• Consumer Goods
• Construction
• Automotives
• Others

9. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues
• Capacity
• Capacity Utilization (%)
• Production
• Imports
• Exports
• Net Exports
• Demand
• Demand Growth Rate (%)
• Polystyrene (PS) Market, By Types
• Polystyrene (PS) Market, By Applications

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by types and applications has been provided for each of the countries/regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all types and applications to arrive at the regional / global Demand-Supply growth for the forecast period (2025 - 2034)

10. Pricing Analysis

• Average Polystyrene (PS) Prices, USD/Kg
• Average prices, by region
• Price Forecast

11. Key Strategic Issues

12. Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

13. Strategic Recommendation & Suggestions

14. Company Analysis

• Polystyrene (PS) Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• INEOS Styrolution Group GmbH
• Total Petrochemicals
• BASF SE
• Formosa Chemicals and Fiber Corporation
• Hoehn Plastics Incorporated
• ECH Foam Technology
• Owens Corning
• Primex Plastics Corporation
• Calsak Corporation
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

15. Appendices

• Demand-Supply - Regions
• Demand-Supply - Countries
• Capacities, 2018-2034