World Analysis - Styrene

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

Market Overview

Duration: Long-term outlook to 2050

Polystyrene is the largest styrene derivative but has been growing well below global GDP growth over the past 20 years. As polystyrene becomes a smaller part of styrene demand, styrene growth will eventually reflect the faster growing derivatives, such as expandable polystyrene (EPS) and acrylonitrile-butadiene-styrene (ABS). Over the longer term, the impact of sustainability policies will affect virgin styrene demand. In the European Union, investments have been driven by the 2030 target to reuse 30% of all polymer production. Across the world, countries are establishing regulatory targets for recycling content and/or implementing bans and extended producer responsibility. While the initial focus is on the development of chemical recycling of Polystyrene and EPS, the establishment of circularity in the styrene chain will require advancements in collection, sorting, processing, and testing of new materials with recycled content.

Practically all commercially produced styrene comes from manufacturing processes that start with benzene and ethylene. Both major feedstocks have some important characteristics. Benzene is a liquid that is easily transported. It comprises approximately 80% of the styrene molecule by mass and is an important component of the cost of styrene. By comparison, ethylene is only about 20% of the styrene molecule by mass, but it is a gas and is difficult to transport. For this reason, styrene plants are typically located close to ethylene crackers.

Key Benefits

Duration: Long-term outlook to 2050


  • 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 – Styrene provides a comprehensive analysis and key insights of critical market developments as they shape the future outlook for the global styrene 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, trade grids, and price forecasts
  • Online dashboard providing visualization of capacity, supply/demand and price, cost and margin forecasts.
  • Supply/demand, capacity and price/economics database access via data browser (from 1990 to 2050)
  • Capacity by company/shareholder, capacity integration, top producer/consumer and surplus/deficit capacity ranking

In addition to the main product(s), styrene capacity and textual analysis is 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 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


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: Styrene, Ethylbenzene


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

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


Frequency: Quarterly
Format: Excel
Timeframe: up to 2050
Area Coverage:Forecasts for US, Europe & Asia w/ qualitative sensitivities
Chemical Coverage: Styrene


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


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: Styrene, Ethylbenzene


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: Styrene


  • 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 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


Buildings & Constructions



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 of Chemical Market Analytics, focusing on the market analysis of 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 started his career with Samsung C&T Corporation, working for 16 years in 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.  
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.
Tobias Spyra

Tobias Spyra Director, EMEA Styrenics & Polyurethane Feedstocks Chemical Market Analytics by OPIS

Tobias Spyra is the Director for EMEA Styrenics & Polyurethane Feedstocks at Chemical Market Analytics. Mr. Spyra joined the European aromatics and fibers team in 2016 and his current role in Chemical Market Analytics is as Director of Styrenics and Polyurethane Feedstocks in Europe, the Middle East, and Africa region. As a key resource within Chemical Market Analytics for understanding and providing insight into the Aromatics sector of the petrochemical industry, he works closely with the petrochemical, oil, and financial industries. He specializes in cumene, phenol, acetone, AMS, BPA, solvents, styrene monomer, and its derivatives as well as the in the isocyanates, polyether, and polyester polyols markets. Prior to joining Chemical Market Analytics, he worked in the chemical and petrochemical industries in various Sales, Marketing, and Global Business Management roles at Ineos, Innovene, and BP. Fluent in English, Spanish, and German.

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