Procurement Resource Evaluates the Price Trends of Styrene in its Latest Insights and Dashboard
Price Trends of Styrene in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Styrene price 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; customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Styrene can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
The organic molecule styrene has the chemical formula C6H5CH=CH2. Styrene is a benzene-derived organic molecule. Although ageing samples can appear yellowish, this benzene derivative is a colourless oily liquid. The chemical is easy to evaporate and has a sweet odour, albeit it has a less pleasant odour at large concentrations. Polystyrene and many copolymers are made from styrene. At temperatures above 90°C, it tends to polymerize quickly. In both the plastics and synthetic rubber industries, styrene monomer is widely used.
Regions Covered to Evaluate Styrene Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Styrene Price Trend:
Polystyrene is a simple-to-work-with thermoplastic resin. It is used in packaging, electronics, housewares, toys, and disposables, to name a few. Expanded polystyrene (EPS) is used in a range of industries due to its lightweight, rigidity, and thermal and acoustic insulation properties. The increased popularity of recovered EPS products is helping the polystyrene (PS) industry, allowing it to recoup from the challenges posed by its disposal. In food containers, rubber tyres, building insulation, carpet backing, boat hulls, surfboards, home kitchen surfaces, bathtubs, and shower enclosures styrene is employed as a chemical building component.
Key Market Players:
- LyondellBasell Industries Holdings B.V.
- Reliance Industries Limited
- Shell Chemicals
- Acros Organics
- Central Drug House
- SABIC
News and Events:
- INEOS Styrolution began producing 50,000 tonnes of ABS in Wingles, France, in January 2022. INEOS’ product portfolio will be expanded because of this.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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