Chemical

World Analysis – Expandable Polystyrene

  • Market Overview
  • Key Benefits
  • Service Features
  • Annual Table of Contents

Market Overview

Duration: Long-term outlook to 2050

Polystyrene is very easy to process, and the high-temperature feature allows PS to be used for hot-filled treatments in food packaging (e.g., yogurt). Other major applications include disposable cups, appliance parts, household and food containers, toys, petri dishes, foam construction material (extruded polystyrene, or XPS), oriented films, and other packaging applications. While packaging is currently the largest demand segment for PS, the electronics, appliances, and consumer product markets will be the main demand drivers. Changing technologies and the move to smaller electronic devices and appliances are reducing PS resin consumption; however, the overall trend for the electronics industry remains positive and will support future PS demand growth.

PS faces competition from polypropylene (PP) and polyethylene terephthalate (PET). PS also competes against other traditional non-polymer materials, such as cardboard, paper, and even aluminum foil, in packaging applications. This is particularly true as pressures from recycling mandates and sustainability policies increase.

Polystyrene (PS) is produced from styrene monomer, which in turn is produced from benzene and ethylene. Styrene is a liquid and is easily transported long distances, so PS plants do not have to be located near their main feedstock, styrene monomer. Many PS plants consist of multiple lines, with one line optimized for General-purpose polystyrene (GPPS) and the other line optimized for High-impact polystyrene (HIPS) production.

Key Benefits

Duration: Long-term outlook to 2050

Overview

  • Maximize negotiating leverage with forward-looking country-specific supply-demand data.
  • Develop a winning strategy based on growth projections of market segments worldwide.
  • Gain clarity evaluating investment opportunities and analyzing market leadership out to 2050.
  • Mitigate risk with data about emerging international trade flows.

Data Included

The World Analysis – Expandable Polystyrene provides a comprehensive analysis and key insights of critical market developments as they shape the future outlook for the global expandable polystyrene market.

The following reports, data files, analytical tools and visualization modules are available online and can be downloaded from our website:

  • Report outlining key strategic insights and the future shape of global and regional markets.
  • Data Appendix (Excel) with supply/demand and capacity tables
  • Explanatory Notes detailing data sources, methodologies, unit and conversion factors, and World Analysis deliverables.
  • Energy and Economy assumptions
  • Price, cost and margin base assumptions forecast and sensitivities analysis, and price assessment methodology.
  • Excel data files with standard supply/demand graphics and price forecasts extended to 2050; trade grids with country and region trade flows.
  • Online dashboard providing visualization of capacity, supply/demand, trade grids, and price, cost and margin forecasts.
  • Supply/demand and capacity database access via data browser
  • Capacity by company/shareholder, capacity integration, top producer/consumer and surplus/deficit capacity ranking

This World Analysis contains detailed information on capacities, production, demand and trade for all significant producing and consuming countries and regions. Although data gathering is essential for the understanding of history and potential future trends, we believe that the interpretation and analysis of the data is the most valuable part for our clients.

Service Features

Duration: Long-term outlook to 2050


SUPPLY/DEMAND BALANCES

Frequency: Bi-annual
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Area Coverage: By country/region; include “hypothetical” capacity changes in the forecast period
Chemical Coverage: Expandable Polystyrene (EPS)

CAPACITY DATABASE

Frequency: Updated daily
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Coverage:

  • Nameplate capacity on individual plant location by producer and by the shareholder for main study products + key derivatives
  • Integration table and top producer and consumer ranking tables (includes net surplus/deficit)
Chemical Coverage: Expandable Polystyrene (EPS)

PRICE & COST FORECASTS

Frequency: Quarterly
Format: Excel
Timeframe: up to 2050
Area Coverage: Forecasts for US, Europe & Asia w/ qualitative sensitivities
Chemical Coverage: Expandable Polystyrene (EPS)

CAPACITY INTEGRATION

Frequency: Updated daily
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Chemical Coverage: Expandable Polystyrene (EPS)

TRADE GRIDS

Frequency: Bi-annual
Format: Excel
Timeframe: 1 year of history, up to 10 years of forecast
Area Coverage: Between partner countries and by region
Chemical Coverage: Expandable Polystyrene (EPS)

REPORT WITH STRATEGIC INSIGHTS AND EXECUTIVE OVERVIEW

Frequency: Annual
Format: PDF/HTML
Timeframe: 5-year history, forecast to 2050
Coverage: Regional market summaries.

  • Production economics/snapshots for selected regions/processes.
  • Production process/technology overview
Chemical Coverage: Expandable Polystyrene (EPS)

ADDITIONAL FEATURES

  • Access to our global team of subject matter experts
  • Interactive data visualization module (dashboard)
  • Standard supply/demand graphs
  • Data appendix with supply/demand and capacity tables
  • Supply/demand and capacity database access via data browser

Annual Table of Contents

  • Introduction 4
  • Executive Overview 5
  • Strategic Insights 9
  • Economic Forecast Update 9
  • EPS is facing substitution and material competition 10
  • Shifting end-use demand growth for EPS 10
  • Sustainability 12
  • Construction slowdown in Mainland China 13
  • North America 14
  • South America 17
  • West Europe 20
  • Central Europe 23
  • CIS & Baltic States 25
  • Africa 27
  • Middle East 29
  • Indian Subcontinent 31
  • Mainland China 33
  • Other Northeast Asia 36
  • Southeast Asia 38
  • Production Process Overview 41
  • Introduction 41
  • Two-Step Process 41
  • One-Step Process 42
  • Continuous Process 42
  • Production Process Economics 43
  • Explanatory Notes 43
  • Production Economics Tables 44
  • Price Forecast 47
  • Methodology 47
  • North America 48
  • West Europe 49
  • Asia 50
  • Price Forecast Tables 52
  • Supply/Demand Forecast Methodology 53

Market Coverage

Buildings & Constructions

Electronics

Foam

Packaging

Daniel Siow

Daniel Siow Director, Southeast Asia Styrenic & ABS Chemical Market Analytics by OPIS

Daniel Siow is the Director for Southeast Asia Styrenic & ABS at Chemical Market Analytics. Daniel has more than 16 years of experience in the chemical industry, holding key responsibilities including regional sales, marketing, business development, and product management. Mr. Siow covers all major styrenic polymers namely, polystyrene, expandable polystyrene, and acrylonitrile butadiene styrene with a focus on the Asian regions. Mr. Siow contributes to several advisory services, most notably the Global Plastics & Polymers Report, Global Engineering Resins Report, World Polystyrene Analysis, World Expandable Polystyrene Analysis, and the World Acrylonitrile Butadiene Styrene Analysis. Mr. Siow began his career in the chemical industry with Idemitsu Chemicals, a trading company in Singapore where he was promoted to a Senior Manager role in 2005. Mr. Siow joined Chemical Market Associates, Inc. (CMAI) in 2010 as a consultant. Mr. Siow was involved in business development and strategic marketing of commodity and engineering plastics for the Idemitsu Group of Companies. Prior to joining Idemitsu, Mr. Siow has extensive experience in the field of market research, covering studies such as consumer research, industrial research, and B2B market research.
Martin Wiesweg

Martin Wiesweg Executive Director, EMEA Plastics Chemical Market Analytics by OPIS

Mr. Wiesweg is the Executive Director for EMEA Plastics at Chemical Market Analytics Mr. Wiesweg contributed to various consultancy projects since joining the IHS Markit base chemicals business (now known as Chemical Market Analytics). Several projects comprised a thorough and extensive market analysis of European polymer markets for potential suppliers. Also, Martin contributed to projects assessing competitive positions of polymers for associations of polymers. In 1989, Martin joined Huels AG as a Product Development Manager for flame retardant polystyrene and became a Technical Service Manager in 1992. In 1998 Martin joined BP Chemicals as a result of the acquisition of Huels styrenics activities by BP. Within BP Chemicals, he has had many different responsibilities in the commercial departments, e.g., as European Sales Manager for Polystyrene, Distribution & Export Manager, and Marketing Manager for Polystyrene and EPS. In 2005 Martin moved into the polymer JV Ineos Nova and became the commercial director for polystyrene specialties, responsible for the purchase, sales, technical service, and product development.  
Peter Feng

Peter Feng Executive Director, Americas Styrenics Chemical Market Analytics by OPIS

Mr. Peter Feng is the Executive Director of Aromatics at Chemical Market Analytics. He is a known industry expert on styrene, polystyrene, and expandable polystyrene. Mr. Feng is currently the Service Leader for the North American Aromatics Market Service and has been covering the aromatics markets for over fourteen years at CMAI and IHS Markit base chemicals business (now known as Chemical Market Analytics). He has over 36 years of experience in the chemical industry working first for Air Products and Chemicals and then for Sterling Chemicals. During this time he had assignments in Process Engineering, Process Technology, Information Systems, Environmental, Supply Chain, and Commercial. In 1992 he joined Sterling Chemicals where he had various supply chain and commercial responsibilities for styrenics and other products. Mr. Feng was a Partner at CMAI when it was acquired by IHS Markit in May of 2011. He has covered the benzene, toluene, mixed xylenes, styrene, polystyrene, EPS, ABS, and phenolics markets at CMAI and Chemical Market Analytics but focuses currently on styrene, polystyrene, and expandable polystyrene. As an industry expert, he has testified as an Expert Witness in numerous arbitration and court cases. He contributes to a number of services and reports including the North American Aromatics Market Report. Mr. Feng has written for a number of World Analyses and is now responsible for the World Styrene Analysis, World Polystyrene Analysis, and World Expandable Polystyrene Analysis. He is a frequent speaker at events such as the World Petrochemical Conference, EPS Expo, Foodservice Packaging Institute, and Badger's World Styrene Conference. He has assisted with single-client work in the areas of strategic planning, mergers, and acquisitions, bankruptcies, benchmarking, litigation, and market analysis. Mr. Feng holds a Bachelors and Masters of Science degree in Chemical Engineering from Northwestern University, US, and a Master of Business Administration (MBA) degree from the University of Houston, US.

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