In 2014-2019, the global PS market will grow at a CAGR of 5.1%. In the past few years, with the increase of population, the global PS market has experienced a period of steady growth. One of the main factors driving the growth of the PS market is the relatively low price of PS.
The acceleration of industrialization and globalization is the main driving force of the PS market. PS is used in vertical markets in different industries, such as packaging and electronic and electrical products. The packaging, construction and consumer electronics industries are the largest consumer segments of PS. Other factors affecting the growth of the PS market include higher costs for alternative materials in the manufacture of rubber and plastic products. Of course, the rapid development of the plastics and rubber industries in Asia Pacific, South America and the Mediterranean is also an important factor in promoting the development of the PS market.
The main factors that inhibit this market include awareness of the negative effects of PS, which in turn leads consumers to favor organic products. The recycling of PS also creates potential growth opportunities for major PS producers in the market.
In terms of applications, packaging is a major application market for PS, followed by electronics and consumer products. Packaging accounts for more than one-third of the global PS market. For packaging applications, the major PS markets in the Asia Pacific region are followed by North America and Europe. In 2014-2019, the application of PS in the electronics field will grow the fastest, with a compound annual growth rate of 5.9%.
PS is polystyrene, a colorless, transparent thermoplastic with a glass transition temperature above 100 ° C, so it is often used to make a variety of disposable containers that need to withstand the temperature of boiling water, as well as disposable foam lunch boxes. Wait. Ordinary polystyrene resin is non-toxic, odorless, colorless transparent particles, like glass brittle material, its products have high transparency, light transmittance of over 90%, good electrical insulation performance, easy coloring, processing Good fluidity, good rigidity and good chemical resistance.
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