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World Analysis - Styrene

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

Market Overview

Long-term outlook to 2060

Styrene is a clear, colorless liquid with a sweet, aromatic odor that can be detected by the human nose at very low concentrations. While it is relatively easy to store and transport, proper precautions are essential to prevent unwanted polymerization. Styrene should not be exposed to elevated temperatures, and it is commonly stabilized with the inhibitor tertiary butyl catechol (TBC) to maintain storage safety. Although mainly produced industrially, styrene also occurs naturally in the environment and is present in trace amounts in various foods and beverages, including coffee, strawberries, and cinnamon.

Commercial styrene production is almost entirely rooted in petrochemical processes based on benzene and ethylene. The conventional route, used for roughly 80% of global styrene production, involves alkylating benzene with ethylene to form ethylbenzene (EB), which is subsequently dehydrogenated to produce styrene. The remaining 20% of global production comes from the propylene oxide–styrene monomer (PO/SM) process. This alternate route also begins with ethylbenzene but converts it into a hydroperoxide intermediate, which then reacts with propylene to yield both propylene oxide (PO) and styrene monomer (SM). The PO/SM process provides an integrated coproduct advantage, making it an important secondary technology platform within the global styrene industry.

Key Benefits

Long-term outlook to 2060

The World Analysis—Styrene provides an in-depth assessment of the global styrene market, providing comprehensive analysis and strategic insights into the key developments shaping long-term supply, demand, trade, and pricing outlooks. This service equips industry participants with the analytical foundation needed to navigate market volatility and anticipate structural shifts across the styrene value chain.

Subscribers gain access to a full suite of reports, data files, analytical tools, and visualization modules, available online and downloadable from our website, including:

  • A strategic report outlining critical insights and the future trajectory of global and regional markets

  • Online Data Browser access to supply, demand, and capacity databases

  • Continuously updated company/shareholder capacity listings, capacity integration analysis, and rankings of top producers/consumers, including surplus/deficit capacity profiles

  • A comprehensive Data Appendix (Excel) featuring supply/demand and capacity tables, plus a dashboard with standard visualizations for all countries and regions

  • Excel data files with long-range supply/demand graphics and price forecasts through 2060, along with detailed trade grids showing country- and region-level trade flows with 5- and 10-year projections

  • An interactive online dashboard visualizing capacity, integration, supply/demand balances, trade flows, and price, cost, and margin forecasts

  • Explanatory Notes detailing data sources, methodology, assumptions, units, conversion factors, and full World Analysis deliverables

  • Energy and macroeconomic assumptions used in the long-term outlook

  • Price assessment methodology and forecasting framework

In addition to the main product(s), styrene capacity and textual analysis are provided for the following products:

  • ABS Resins, Ethylbenzene, Expandable Polystyrene (EPS), K-Resins, MBS, Other Styrene Derivatives, Polystyrene, SAN Resins, Styrene Butadiene Latex, Styrene Butadiene Rubber (emulsion & solution), Thermoplastic Elastomers, Unsaturated Polyester Resins

This World Analysis provides detailed intelligence on capacities, production, demand, and trade across all major producing and consuming countries, regions, and global hubs. While robust data collection underpins the historical and forward views, the true value of the service lies in the expert interpretation and market analysis applied by our global team.

Data verification is a central pillar of our approach. Direct engagement with key industry participants ensures that our conclusions reflect real-world market behavior and deliver the most accurate, realistic forward outlook for the styrene industry.

Service Features

Long-term outlook to 2060


SUPPLY/DEMAND BALANCES


Frequency: Bi-annual
Format: Online database
Timeframe: 2000 – 2060
Geographical Coverage: Global by country/region
Chemical Products: Styrene, Ethylbenzene

CAPACITY


Frequency: Updated daily
Format: Online database
Timeframe: 1990 – 2060
Coverage: Nameplate capacity of production units by operating company and shareholder
Chemical Products: Styrene, ABS, Ethylbenzene, Expandable Polystyrene (EPS), K-Resins/ SBC, Methyl Methacrylate-Butadiene-Styrene (MBS), Other Styrene Derivatives, Polystyrene, SAN, SB Latex, SB Rubber (emulsion & solution), Thermoplastic Elastomers/ SBS, Unsaturated Polyester Resins

PRICE, COST & MARGIN FORECASTS


Frequency: Quarterly
Format: Online database and Excel
Timeframe: 10-year history and forecasts to 2060
Geographical Coverage: North America (US), Europe & Asia
Chemical Coverage: Styrene

CAPACITY RANKING AND INTEGRATION


Frequency: Updated daily
Format: Online database
Timeframe: 1990 – 2060
Chemical Products: Styrene, Ethylbenzene

TRADE GRIDS


Frequency: Bi-annual
Format: Excel and PIB dashboard
Timeframe: 1 year of history, with 5-year or 10-year forecasts
Geographical Coverage: Global trade flows between partner countries and regions
Chemical Products: Styrene, Ethylbenzene

REPORT WITH STRATEGIC INSIGHTS AND EXECUTIVE OVERVIEW


Frequency: Annual
Format: PDF/HTML
Timeframe: 5-year history, forecast to 2060
Coverage: Regional market summaries
     - Production economics/snapshots for major regions/processes
     - Production process/technology overview
Chemical Products: Styrene

ADDITIONAL FEATURES


- Access to our global team of subject matter experts
- Interactive data visualization (PBI dashboard)
- Regional supply/demand graphs (Excel)
- Data appendix with supply/demand, capacity tables and interactive dashboard
- Economy and Energy assumptions

Sample Table of Contents

  • Introduction 5
  • Executive Overview 6
  • Strategic Insights 11
  • Economic Forecast Update 11
  • Slow demand growth 11
  • Sustainability, the circular economy, and global warming 12
  • Long-Term Technology Trends 13
  • A surge in global styrene capacity and mainland China’s self- sufficiency/decoupling 15
  • The global realignment of trade and cost competitiveness 15
  • North America 18
  • South America 22
  • West Europe 26
  • Central Europe 30
  • CIS & Baltic States 33
  • Africa 36
  • Middle East 38
  • Indian Subcontinent 42
  • Mainland China 44
  • Other Northeast Asia 47
  • Southeast Asia 49
  • Production Process Overview 52
  • Introduction 52
  • Ethylbenzene 52
  • Styrene 53
  • Styrene and propylene oxide 55
  • Production Process Economics 56
  • Explanatory Notes 56
  • Styrene Economics - US Basis 57
  • Styrene Economics - Europe Basis 58
  • Styrene Economics - Northeast Asia Basis 59
  • Price Forecast 60
  • Methodology 60
  • Ethylene and Benzene Price Forecast 61
  • North America 62
  • West Europe 64
  • Asia 65
  • Price Forecast Tables 68
  • Derivative Market Overview 70
  • Polystyrene 70
  • Expandable Polystyrene 70
  • ABS Resins 71
  • Styrene-butadiene latex 71
  • Styrene-butadiene rubber 72
  • Supply/Demand forecast methodology 73

Market Coverage

Automotives

Buildings & Constructions

Latex

Resin

Peter Feng

Peter Feng Vice President, Aromatics & Fibers Americas Chemical Market Analytics by OPIS

Mr. Peter Feng is the Vice President of Aromatics & Fibers Americas at Chemical Market Analytics. Peter Feng is the Vice President of Aromatics & Fibers. He is responsible for the North American Aromatics Service and covers the styrene, polystyrene and expandable polystyrene markets in the Americas for Chemical Market Analytics. With over 35 years of experience in various assignments, Peter has a breadth of knowledge in multiple disciplines and products. Peter is a key resource for understanding and insight into the aromatics sector of the petrochemical industry. Within the Americas, he leads the North American Aromatics Service. While his current area of focus is the products in the styrenics chain, he has covered many of the aromatics products at once. In addition to North American Aromatics, he contributes to several different services and is a key contributor to the World Styrene Analysis, World Polystyrene Analysis and World EPS Analysis. During his time at Chemical Market Analytics and predecessor companies, he has contributed to several bespoke client studies, including the development of a marketing plan for a new Middle East plant, a site assessment for a U.S. plant, strategic analysis for refineries and chemical plants, strategic purchasing analysis, etc. As a renowned expert, he has been sought after as a testifying expert in numerous legal cases. He is often a guest speaker at various conferences and industry events. Before his role in market consulting, he worked at Air Products and Sterling Chemicals. He had assignments in Process Engineering/Technology, Information Systems, Projects, Environmental, Supply Chain and Commercial teams during this time. Peter Feng has a Bachelor of Science and Master of Science in Chemical Engineering from Northwestern University and a Master of Business Administration from the University of Houston.
Brian Lee

Brian Lee Executive Director, Asia Benzene & Styrene Chemical Market Analytics by OPIS

Brian Lee is the Executive Director for Asia Benzene & Styrene at Chemical Market Analytics. Brian Lee is the research and analysis executive director responsible for the Asian market report for Chemical Market Analytics, focusing on benzene and styrene. He also contributes to various market advisory publications and supports consulting activities. Brian has a distinguished career spanning almost 30 years in the petrochemical industry. Previously, he worked with Argus Dewitt for three years as a vice president covering Asian Aromatics. He contributed to numerous market reports and single-client studies and hosted the Asian conference, including speaking. Mr. Lee began his career at Samsung C&T Corporation, where he worked for 16 years across Asia and Europe. He was responsible for trading and marketing benzene, toluene, xylenes (BTX), styrene, paraxylene (PX), and purified terephthalic acid (PTA) to global customers. Mr. Lee holds an MBA from Hanyang Cyber University and a Bachelor of Science in chemical engineering from Hanyang University, South Korea.  
Megan Brenchley

Megan Brenchley Associate Director, Aromatics and Fibers EMEA Chemical Market Analytics by OPIS

Megan Brenchley is the Associate Director of Aromatics and Fibers EMEA at Chemical Market Analytics. Megan Brenchley joined the Chemical Market Analytics team in August 2022. Megan was initially responsible for coverage of the toluene and mixed xylenes markets but has, as of 2024, begun to focus on the styrenics market. With her mix of scientific and business education, industry experience and analytical mindset Megan is able to offer valuable insight into her focus areas. Megan focuses on the EMEA region and contributes to the ‘Global Aromatics Weekly’ and ‘European Aromatics Monthly’ reports. Megan also provides input for the World Analysis styrene report, including an in-depth review of supply, demand, trade, and region-specific insight. Before joining Chemical Market Analytics, Megan worked in the industry for a major South African chemicals manufacturer and distributor, focusing on the Industrial and Institutional cleaning market for ten years. This provided key business-to-business experience, and Megan concentrated on new product development, procurement and quality assurance. Megan has a Bachelor of Science from the University of Cape Town and a Master of Business Administration from the University of the Witwatersrand.

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