Product Code: ETC129078 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Polystyrene market currently, in 2023, has witnessed an HHI of 1473, Which has increased slightly as compared to the HHI of 1269 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The India polystyrene market is expected to witness a significant growth during the forecast period. It is used in various industries such as construction, packaging, automotive, electrical and electronics. Growing demand from end-users such as consumer electronics and food & beverage industry are expected to drive the market for polystyrene. Moreover, growing urbanization and rising disposable incomes in developing countries are likely to fuel the demand for polystyrene over the coming years.
Increasing applications of Polystyrene: Polystyrene has gained popularity due to its wide range of applications across multiple industries such as packaging, construction and automotive among others which provides it with an edge over other materials like wood or metal products. This increasing usage of this material has resulted in increased production levels thus driving up sales volumes significantly. Growing demand from end-users: There is an ever-increasing need for better quality raw materials which can be used by consumers for their day-to-day needs like food packaging etc., thereby providing a boost to the overall market growth of this product segment since last few years till now iand more specifically after pandemic situation where people have started relying on online shopping.
Stringent government regulations regarding environmental concerns :The manufacturing process of polystyrenes emits hazardous gases into atmosphere causing many health hazards that can even cause cancer leading strict regulations put forward by governments all around world limiting its production capacity resulting into low supply causing prices hike eventually affecting businesses related directly/indirectly with them including manufacturers ,suppliers distributors etc Volatility in raw material costs : The cost associated with Raw materials needed for producing Polystryene varies on periodic basis due to unstable pricing trends caused by changes in economic conditions all around world at times making it difficult process keeping check on profitability margins while managing business operations.
Development of Biodegradable Packaging Solutions -There is an increase focus towards development biodegradable solutions using natural fibers instead synthetic plastics made out of petroleum derived components like PS (Polystryene). These bioplastics based would provide sustainable alternatives towards reducing shortage non renewable resources while simultaneously protecting environment from plastic pollutants.
Major players operating India?s polysteyne market include Reliance Industries Ltd., Nirma Limited , SABIC Group India Pvt Ltd., Dow Chemicals Co , Sumitomo Chemical Company
India Polystyrene |
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 India Polystyrene Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polystyrene Market Revenues & Volume, 2020 & 2027F |
3.3 India Polystyrene Market - Industry Life Cycle |
3.4 India Polystyrene Market - Porter's Five Forces |
3.5 India Polystyrene Market Revenues & Volume Share, By Resin Type, 2020 & 2027F |
3.6 India Polystyrene Market Revenues & Volume Share, By Form Types, 2020 & 2027F |
3.7 India Polystyrene Market Revenues & Volume Share, By End-users, 2020 & 2027F |
4 India Polystyrene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Polystyrene Market Trends |
6 India Polystyrene Market, By Types |
6.1 India Polystyrene Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 India Polystyrene Market Revenues & Volume, By Resin Type, 2018 - 2027F |
6.1.3 India Polystyrene Market Revenues & Volume, By General Purpose Polystyrene (GPPS), 2018 - 2027F |
6.1.4 India Polystyrene Market Revenues & Volume, By High Impact Polystyrene (HIPS), 2018 - 2027F |
6.1.5 India Polystyrene Market Revenues & Volume, By Expandable Polystyrene (EPS), 2018 - 2027F |
6.2 India Polystyrene Market, By Form Types |
6.2.1 Overview and Analysis |
6.2.2 India Polystyrene Market Revenues & Volume, By Foams, 2018 - 2027F |
6.2.3 India Polystyrene Market Revenues & Volume, By Films and Sheets, 2018 - 2027F |
6.2.4 India Polystyrene Market Revenues & Volume, By Injection Molding, 2018 - 2027F |
6.2.5 India Polystyrene Market Revenues & Volume, By Other Form Types, 2018 - 2027F |
6.3 India Polystyrene Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 India Polystyrene Market Revenues & Volume, By Packaging, 2018 - 2027F |
6.3.3 India Polystyrene Market Revenues & Volume, By Building and Construction, 2018 - 2027F |
6.3.4 India Polystyrene Market Revenues & Volume, By Electrical and Electronics, 2018 - 2027F |
6.3.5 India Polystyrene Market Revenues & Volume, By Consumer Goods, 2018 - 2027F |
6.3.6 India Polystyrene Market Revenues & Volume, By Other, 2018 - 2027F |
7 India Polystyrene Market Import-Export Trade Statistics |
7.1 India Polystyrene Market Export to Major Countries |
7.2 India Polystyrene Market Imports from Major Countries |
8 India Polystyrene Market Key Performance Indicators |
9 India Polystyrene Market - Opportunity Assessment |
9.1 India Polystyrene Market Opportunity Assessment, By Resin Type, 2020 & 2027F |
9.2 India Polystyrene Market Opportunity Assessment, By Form Types, 2020 & 2027F |
9.3 India Polystyrene Market Opportunity Assessment, By End-users, 2020 & 2027F |
10 India Polystyrene Market - Competitive Landscape |
10.1 India Polystyrene Market Revenue Share, By Companies, 2020 |
10.2 India Polystyrene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |