In the first half of 2023, the global polystyrene (GPPS) market faced a challenging environment. In Asia, fluctuating crude oil prices, labor strikes causing supply delays, and weak demand from downstream industries contributed to a gradual price decline. Europe experienced price drops due to crude oil price fluctuations, seasonal demand variations, oversupply at ports, and economic uncertainties.
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In North America, rising production costs linked to crude oil led to supply-demand imbalances. While consumption rates briefly improved, debt crises and ongoing feedstock cost challenges caused a gradual decline in GPPS prices. These factors collectively impacted the global GPPS market negatively.
Definition
General Purpose Polystyrene (GPPS) is a versatile, amorphous thermoplastic polymer made from styrene monomers. It is known for its transparent appearance and rigidity. GPPS possesses excellent electrical insulating properties and is easy to process through methods like injection molding and extrusion. This material exhibits good impact resistance but is brittle compared to other plastics. GPPS is widely used in various applications, including packaging, disposable tableware, toys, CD cases, and as a base material for further modification in industries requiring transparent, cost-effective plastic products. Its clarity and ease of shaping make it popular for both consumer and industrial applications.
Key Details About the Polystyrene (GPPS) Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Polystyrene (GPPS) in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Polystyrene (GPPS) Price chart, including India Polystyrene (GPPS) price, USA Polystyrene (GPPS) price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Polystyrene (GPPS) Price Trend:
General Purpose Polystyrene (GPPS) finds extensive industrial usage due to its unique properties. It is widely employed in the packaging industry for items like disposable cups, plates, and food containers, as well as in the production of CD and DVD cases due to its optical clarity. In the medical field, GPPS is used for making petri dishes, test tubes, and syringes because of its transparency and sterilizability. In construction, it serves as insulation material and in the production of various components. Moreover, GPPS is utilized for manufacturing consumer goods like toys, stationery, and decorative items. Its versatility and cost-effectiveness make it a valuable material in numerous industrial sectors.
Key Players:
- SABIC
- Total
- LG Chem
- BASF SE
- INEOS Styrolution Group GmbH
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