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General Purpose Polystyrene (GPPS) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24417
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General Purpose Polystyrene (GPPS) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| General Purpose Polystyrene (GPPS) | Chemical | USA | 1688 USD/MT |
| General Purpose Polystyrene (GPPS) | Chemical | South Korea | 1243 USD/MT |
| General Purpose Polystyrene (GPPS) | Chemical | Belgium | 1674 USD/MT |
In the United States, the price of general purpose polystyrene (GPPS) reached 1688 USD/MT by December 2023. Likewise, the general purpose polystyrene (GPPS) prices in South Korea hit 1243 USD/MT in the same month. In the last quarter of 2023, prices of general purpose polystyrene (GPPS) in Belgium reached 1674 USD/MT.
General Purpose Polystyrene (GPPS) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “General Purpose Polystyrene (GPPS) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of general purpose polystyrene (GPPS) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of general purpose polystyrene (GPPS) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of general purpose polystyrene (GPPS) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing general purpose polystyrene (GPPS) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
General Purpose Polystyrene (GPPS) Market Analysis
The global general purpose polystyrene (GPPS) market size reached 2.86 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 4.91 Million Tons, at a projected CAGR of 6.20% during 2023-2032.
- The rising employment of general purpose polystyrene (GPPS) in the packaging sector due to its exceptional rigidity and transparency represents one of the key market drivers. As a result, GPPS is primarily used for producing disposable cutlery and food containers and packaging consumer goods. According to Goodfish Group, a composite components and plastic manufacturer, GPPS has excellent transparency that facilitates clear visibility, making it a preferable material for labeling and packaging applications. Furthermore, its rigidity protects the packaged content, further enhancing its appeal.
- General purpose polystyrene (GPPS) market is also substantially influenced by the expanding consumer electronics sector, which employs GPPS due to its excellent molding property and aesthetic appearance. Various crucial components, including audio-visual equipment, TV housings, and refrigerator liners are manufactured using GPPS. According to industry reports, global consumer electronics market is expected to grow with a CAGR of 5%, reaching USD 2 trillion by 2030.
- The general purpose polystyrene (GPPS) market is further fueled by the rising demand for cost-effective and biocompatible materials in the healthcare sector for producing critical components, like diagnostic equipment, disposable medical devices, and laboratory ware. GPPS meets this demand efficiently. According to a research article published in Materials Science and Materials Engineering, polystyrene is widely known and preferred in the medical sector for its cost-effectiveness, inert behavior, optical transparency, and biocompatibility. It is primarily used for producing laboratory sample containers like vials, petri dishes, and microplates. For instance, Trinseo offers GPPS, under the name Styron 2678 MED, particularly for medical devices manufacturing and can be used in test kits, petri dishes, diagnostic components and clear packaging of medical products. Additionally, medical plastics market is rapidly expanding, which ultimately increases the requirement for general purpose polystyrene. According to industry reports, the global market size of medical plastics is expected to reach US$ 47.74 billion by 2032 with a CAGR of 6.6%.
- Furthermore, the intensifying emphasis on the adoption of recyclable materials and sustainable manufacturing practices is substantially aiding in market expansion. Major companies are focusing on forming strategic partnerships and developing recycling technologies to cater to this escalating sustainability trend. For instance, AmSty has announced to leverage 25% recycled polystyrene by 2030 in all of its products that are associated with food packaging and food service. Furthermore, in collaboration with Regenyx LLC, AmSty developed a circular recycling technique through which they have recycled more than one million pounds of polystyrene. This technique is efficient in breaking down the used polystyrene into its original molecular form.
General Purpose Polystyrene (GPPS) News
The report covers the latest developments, updates, and trends impacting the global general purpose polystyrene (GPPS) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in general purpose polystyrene (GPPS) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the general purpose polystyrene (GPPS) price trend.
Latest developments in the general purpose polystyrene (GPPS) industry:
- In February 2024, INEOS Styrolution, a producer of polystyrene, announced the establishment of a new authorized distribution network for Canada and the United States. Among the selected distribution partners is Nexeo Plastics, which has been granted authorization for the distribution of polystyrene.
- In March 2024, Trinseo, a popular manufacturer of polystyrene, announced the initiation of a sale process for its 50% stake in Americas Styrenics LLC (AmSty), a joint venture with Chevron Phillips Chemical Company LP.
Product Description
General purpose polystyrene (GPPS), is a thermoplastic that is acknowledged for its clarity, ease of processing, and rigidity. GPPS is produced by polymerizing styrene monomer and is distinguished by its strength and glass-like transparency, making it an excellent material for numerous applications. It is heavily utilized in the manufacture of laboratory ware, packaging materials, disposable cutlery, and consumer goods because of its cost-efficiency and exceptional dimensional stability. GPPS can be conveniently molded and extruded, facilitating effective mass production and versatile design prospects. Additionally, GPPS is also leveraged in the construction sector for lightning panels and insulation, utilizing its moisture-resistant and lightweight attributes.
The GPPS market is dominantly driven by its cost-effectiveness, functional benefits, and the escalating demand across various sectors, including electronics, food packaging, and healthcare. Furthermore, with sustainable manufacturing methods gaining traction, attempts to improve the environmental impact and recyclability of GPPS continues to gain spur within the industry.
Regional Coverage
The report provides a detailed analysis of the general purpose polystyrene (GPPS) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the general purpose polystyrene (GPPS) price trend.
Global General Purpose Polystyrene (GPPS) Price
The report offers a holistic view of the global general purpose polystyrene (GPPS) pricing trends in the form of general purpose polystyrene (GPPS) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of general purpose polystyrene (GPPS) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed general purpose polystyrene (GPPS) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe General Purpose Polystyrene (GPPS) Price
European general purpose polystyrene (GPPS) prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed general purpose polystyrene (GPPS) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America General Purpose Polystyrene (GPPS) Price
The analysis of general purpose polystyrene (GPPS) prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific general purpose polystyrene (GPPS) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa General Purpose Polystyrene (GPPS) Price
The report explores the general purpose polystyrene (GPPS) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on general purpose polystyrene (GPPS) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific General Purpose Polystyrene (GPPS) Price
The general purpose polystyrene (GPPS) pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This general purpose polystyrene (GPPS) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America General Purpose Polystyrene (GPPS) Price
The analysis of general purpose polystyrene (GPPS) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | General Purpose Polystyrene (GPPS) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, General Purpose Polystyrene (GPPS) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of general purpose polystyrene (GPPS) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting general purpose polystyrene (GPPS) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The general purpose polystyrene (GPPS) price charts ensure our clients remain at the forefront of the industry.
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- For further assistance, please connect with our analysts.
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