The Styrene Polymers market in the UK has demonstrated fluctuating growth over the past decade. Starting from a value of 342.9 million euros in 2012, there was a notable peak in 2013 with an increase of over 40%. Despite minor oscillations between 2015 and 2019, the market faced a significant decline in 2020 due to the pandemic, dropping by nearly 15%. Nonetheless, recovery began swiftly in 2021 with a year-on-year growth of 16.9%. By 2022, the market had reached 548.99 million euros, with a promising CAGR of 1.97% over the last five years. In 2023, it stands resiliently at around 556 million euros*.
Future trends to watch for include:
• Increased demand for sustainable and recyclable polymer solutions.
• Regulatory changes impacting production and usage.
• Technological advancements in polymer production and application.
• Fluctuations in raw material costs potentially affecting market dynamics.
*Assumed market value for 2023 based on observed trends.
How does the United Kingdom rank in Styrene Polymers Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,272,700,000 | 2023 | -1.86% | -2.61% | View data |
| 2 | 2 United Kingdom | 559,760,000 | 2023 | +1.96% | +2.06% | |
| 3 | 3 Romania | 504,600,000 | 2023 | +2.87% | +2.97% | View data |
| 4 | 4 Portugal | 313,550,000 | 2023 | +1.32% | +0.83% | View data |
| 5 | 5 Slovakia | 211,040,000 | 2023 | +3.68% | -0.31% | View data |
