1. Market Research
  2. > Chemical
  3. > Petrochemical Market Trends
India Polystyrene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

India Polystyrene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

  • April 2020
  • 65 pages
  • ID: 5897289
  • Format: PDF
  • ChemAnalyst

Summary

Table of Contents

India Polystyrene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

Polystyrene demand in India grew at a CAGR of around 5.5% during 2015-2019 and is expected to achieve a healthy growth rate during the forecast period. Growth in domestic manufacturing of advanced refrigerators backed by robust growth in demand for FDA complaint polymers for manufacturing disposable plastic cutleries and other kitchenware will drive the Polystyrene market in the forecast period.
On basis of type, India’s Polystyrene Market can be categorized into General-Purpose Polystyrene (GPPS) and High-Impact Polystyrene (HIPS).While both GPPS and HIPS are considered low-cost, GPPS is more cost effective of the two.

Being FDA complaint, General purpose PS finds major applications in food packaging, disposable utensils, cutleries and various other consumer durables.Because of its glass-like clarity and easy molding, GPPS is predominantly used for manufacturing opaque and transparent food storage containers or jewel cases.

However, ban on single-use cutleries in several states such as Sikkim, Maharashtra, Kolkata etc.is likely to hamper the demand of General-Purpose Polystyrene in the years to come.
High impact PS is known to possess high impact resistance and is predominantly used in consumer electronics and toys.Several grades of HIPS are formulated to develop exceptional characteristics for specific end-use, such as in refrigerator inner liner products and food trays that require high environmental stress crack resistance.

Government’s Make in India scheme and its significant contributions towards expanding the country’s ACE (Appliances and Consumer Electronics) industry are likely to impart great momentum to the Polystyrene demand during the forecast period.
However, sudden outbreak of COVID-19 has rendered a sharp downfall in manufacturing activities across several states of India.Polystyrene demand has although witnessed an overall decline, some sectors have performed comparatively well.

Throughout the period, food packaging demand remained strong while demand for electronics and appliances remained subdued.Moreover, disruptions in trade flows and logistic constraints due to lockdown measures taken by the Indian government to contain the spread of coronavirus negatively impacted the country’s Polystyrene industry.

Threatened by the demand downturn due to undue halt in industrial activities, manufacturers had no other option but to shut their plants or run them at curtailed rates to manage the overflowing inventories.This had a direct impact on the annual balance sheets of the key players operating in the Polystyrene sector which reflected substantial losses.

Moreover, the recent styrene gas leak from the Vizag plant of the country’s leading Polystyrene manufacturer, LG Polymers India, further heightened the loss to country’s PS market. The incident is likely to impact the country’s overall Polystyrene production volume unless the plant returns to operations after government’s approval. With ease in lockdown restrictions, massive restaurants are opting for using high quality disposable cutlery and crockery to avoid the transmission of highly contagious coronavirus. This is likely to accelerate the demand for Polystyrene in the forthcoming quarters.

Years Considered for this Report:

Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030

Objective of the Study:

• The primary objective of the study was to evaluate and forecast Polystyrene capacity, production, demand, inventory, and demand–supply gap in India.
• To categorize Polystyrene demand based on type, end use, region and distribution channel.
• To identify major customers of Polystyrene in India.
• To evaluate and forecast Polystyrene pricing in India.
• To identify and profile major companies operating in India Polystyrene market.
• To identify major news, deals and expansion plans in India Polystyrene market.
India largely depends on its domestic manufacturing to fulfill its Polystyrene demand. However, India imports the raw material in huge volumes for manufacturing Polystyrene mainly from Singapore, U.S., Korea and Taiwan. In fact, the country is a major exporter of Polystyrene to the Gulf countries such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. Some of the major players operating in India Polystyrene market are Supreme Petrochem Limited, LG Polymers India Private Limited, INEOS Styrolution India Limited etc. BASF, SABIC, Dow Inc.; NOVA Chemicals Corporation; Styrochem; Formosa Chemical & Fibre Corp and Kumho Petrochemical are some of the leading international players operating in the India Polystyrene market.
Prices of Polystyrene are highly susceptible to prices of its key feedstock Styrene monomer, which is wholly imported in the country.Hence, prices for Polystyrene vary strongly with fluctuations in international raw material prices which ultimately trace benzene and crude oil.

Outbreak of coronavirus has put an indelible impact on the crude oil sector, which starting from the oil price war remained hardly hit for almost the entire Q4FY20.During most of the fourth quarter, Benzene prices remained under pressure due to cheaper crude, which ultimately suppressed downstream Styrene and Polystyrene values to record breaking lows.

Polystyrene prices declined by almost 4 per cent in 2020 on a y-o-y basis However, with gradual recovery in the economy and pickup from demand side, Polystyrene prices are likely to regain the uptrend in FY21.
To extract data for India Polystyrene market, primary research surveys were conducted with Polystyrene manufacturers, suppliers, distributors, wholesalers and end users.While interviewing, the respondents were also inquired about their competitors.

Through this technique, the analyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the analyst analyzed various end user segments and projected a positive outlook for India Polystyrene market over the coming years.
The analyst analyzed Polystyrene demand in India by analyzing the historical data and demand forecast which was carried out considering imported styrene prices, a monomer used for production of Polystyrene.The analyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size.

Various secondary sources such as company websites, association reports, annual reports, etc., were also studied.
Key Target Audience
• Polystyrene manufacturers and other stakeholders
• Organizations, forums and alliances related to Polystyrene distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Polystyrene manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, the India Polystyrene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Type- General Purpose Polystyrene (GPPS), High Impact Polystyrene (HIPS)
Market, by End Use- Packaging, Electronics and Appliances, Jewelry Casings, Household/Stationery, Others
Market, by Distribution Channel- Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region- North, West, East and South

Competitive Landscape

The analyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.

Available Customizations:

With the given market data, the analyst offers customizations according to a company’s specific needs.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Polystyrene Market Research Report by Type, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19

  • $ 3949
  • June 2020
  • 230 pages

Polystyrene Market Research Report by Type (Expandable and Extruded), by Application (Building & Constructions, Consumer Appliances, and Packaging) - Global Forecast to 2025 - Cumulative Impact of COVID-19 The ...

Ethene Markets in China $ 4000 June 2020

Stabilizer Markets in China $ 4000 May 2020

Global Polystyrene Industry $ 5450 May 2020


ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on