In the first half of 2023, General Purpose Polystyrene (GPPS) prices fluctuated due to diminished demand from construction and packaging industries. Heightened global inflation, propelled by bank collapses and rising interest rates, shifted consumer priorities towards essentials. This, coupled with reduced offtake and surplus inventory, resulted in consistently low GPPS prices and weak market sentiment.
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Definition
General Purpose Polystyrene (GPPS) is a versatile thermoplastic polymer composed of styrene monomers. It is transparent, rigid, and easily molded, making it suitable for a wide range of applications. GPPS is commonly used in packaging, consumer goods, electronics, and various industries where clarity and affordability are essential.
Key Details About the General Purpose 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 the General Purpose 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 General Purpose Polystyrene (GPPS) Price chart, including India General Purpose Polystyrene (GPPS) price, USA General Purpose 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 General Purpose Polystyrene (GPPS) Price Trend:
General Purpose Polystyrene (GPPS) finds key industrial uses in packaging, where its transparency and moldability make it ideal for containers, trays, and cosmetic packaging. It is also employed in consumer goods like toys, kitchenware, and stationery due to its affordability and ease of manufacturing, as well as in electronic components and disposables.
Key Players:
- INEOS Capital Limited
- Total Petrochemicals USA, Inc.
- Americas Styrenics LLC (AmSty)
- SABIC
- BASF SE
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