Polystyrene Market Size, Share, Growth

Market Overview Market Research Future (MRFR) forecasts the Global Market for Polystyrene to cross over USD 33 Billion at an expected CAGR of 4.87% over the 2018-2023 forecast periods. The global demand for polystyrene derives much of its development from the expanded use of expandable polystyrene (EPS) in HVAC insulation applications. COVID-19 Analysis Global Pandemic of COVID-19 has had a significant impact on the development of the building industry in the market. Stopping or slowing down building programmes, restricting moves, stopping production and labour shortages to curb the outbreak of COVID-19 contributed to a decrease in the development of the construction industry, which in turn, is likely to impede the market for expanded polystyrene in construction applications. Market Dynamics Drivers Growing Demand for Sustainable And Lightweight Solutions Drives Market Growth Opportunities Growing Adoption of Environmentally Friendly Materials to Create Opportunities for Key Players Restraints

https://www.marketresearchfuture.com/reports/polystyrene-market-2545

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