High Impact Polystyrene (HIPS) Market By Application (Consumer Goods And Electronics, Automotive, Horticulture And Agriculture, Construction, Others), By Type (Extrusion Moulding, Injection Moulding, Others) - Industry Size, Growth, Share And Forecast To 2026
High impact polystyrene (HIPS) is a form of polystyrene blended with butadiene copolymer or rubber. Compared to normal plastics, HIPS offers excellent machinability and higher impact strength. These properties of HIPS make it an ideal candidate for application across various industry verticals including consumer goods and electronics, construction and others. The global market for high impact polystyrene is expected to witness a substantial growth with a CAGR of approximately 12% over the forecast period of 2019-2026. Factors including high growth in the packaging industry coupled with ever increasing demand from the construction sector and technological advancements in the manufacturing of HIPS act as key drivers for the growth of the market.
The given report on global high impact polystyrene market covers segmentation analysis based on application and type. Based on the type, the global market for high impact polystyrene has been sub-segmented into extrusion molding, injection molding and others. Extrusion molding is expected to hold the largest share in the type segment. Higher flexibility while production, low cost and uniform cross sectioning of the finished products offered using extrusion molding are the key factors why extrusion molding asserts dominance. Based on application, the global market of HIPS has been sub-segmented into consumer goods and electronics, horticulture and agriculture, automotive industry, construction and others. The construction segment is set to dominate applications. High growth in residential construction globally as a result of growing urbanization and improved socioeconomic conditions acts as the primary driver for the growth of the construction segment.
Geographically, Asia pacific commanded the largest market share in terms of revenue for the high impact polystyrene market followed by North America and Europe in 2017. Asia Pacific region is the global hub for electronics and automobile manufacturing which acts as a key factor for the dominance of Asia pacific region in the global market. Furthermore, growing urbanization in countries including India and China along with high investments in the construction sector has provided a major impetus to the growth of the Asia Pacific HIPS market. The North American and European market for HIPS is expected to exhibit modest growth owing to high demand of HIPS for packaged food and consumer goods along with growth in the automotive sector.
The global high impact polystyrene market is a highly consolidated market with the presence of some global players and a few numbers of regional players. The key players in the market are King Plastic Corporation (USA), LyondellBasell (Netherlands), Astor Chemical Industrial (China), LG Chem (South Korea), Total S.A. (France) and others. Merger and acquisition is the key strategy adopted by the major players in the market. For instance in 2018 LyondellBasell acquired A. Schulman, Inc (USA), the combined synergy of both the plastic makers is expected to provide a major boost to the former’s polystyrene market.
1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global High Impact Polystyrene Market
2.1.1. Global High Impact Polystyrene Market, by Application, 2018 (US$ Mn)
2.1.2. Global High Impact Polystyrene Market, by Type, 2018 (US$ Mn)
2.1.3. Global High Impact Polystyrene Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. High growth in the packaging industry
3.2.1.2. Growing demand from the construction sector
3.2.1.3. High Demand from the Automotive industry
3.2.2. Market Restraints
3.2.2.1. Fluctuation in raw material prices
3.2.3. Market Opportunities
3.2.3.1. Growing infrastructural investments
3.2.3.2. Technological advancements in manufacturing of HIPS
3.2.4. Market Challenges
3.2.4.1. Environmental issues related to use of polystyrene
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market share of Key Players, 2018
3.5. Top five findings and strategic analysis
4. Global High Impact Polystyrene Market, by Application
4.1. Overview
4.1.1. Global High Impact Polystyrene Market Value Share, by Application, 2018 & 2026 (Value, %)
4.1.2. Global High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
4.2. Consumer Goods and Electronics
4.2.1. Market Determinants (Drivers, Restraints, Challenges & Opportunity)
4.2.2. Global High Impact Polystyrene Market for Consumer Goods and Electronics, 2019-2026 (US$ Mn)
4.2.3. Global High Impact Polystyrene Market for Consumer Goods and Electronics, by Region 2019-2026 (US$ Mn)
4.3. Automotive
4.3.1. Market Determinants (Drivers, Restraints, Challenges & Opportunity)
4.3.2. Global High Impact Polystyrene Market for Automotive, 2019-2026 (US$ Mn)
4.3.3. Global High Impact Polystyrene Market for Automotive, by Region 2019-2026 (US$ Mn)
4.4. Horticulture and Agriculture
4.4.1. Market Determinants (Drivers, Restraints, Challenges & Opportunity)
4.4.2. Global High Impact Polystyrene Market for Food Industry, 2019-2026 (US$ Mn)
4.4.3. Global High Impact Polystyrene Market for Food Industry, by Region 2019-2026 (US$ Mn)
4.5. Construction
4.5.1. Market Determinants (Drivers, Restraints, Challenges & Opportunity)
4.5.2. Global High Impact Polystyrene Market for Construction, 2019-2026 (US$ Mn)
4.5.3. Global High Impact Polystyrene Market for Construction, by Region 2019-2026 (US$ Mn)
4.6. Others
4.6.1. Market Determinants (Drivers, Restraints, Challenges & Opportunity)
4.6.2. Global High Impact Polystyrene Market for Others, 2019-2026 (US$ Mn)
4.6.3. Global High Impact Polystyrene Market for Others, by Region 2019-2026 (US$ Mn)
5. Global High Impact Polystyrene Market, by Type
5.1. Overview
5.1.1. Global High Impact Polystyrene Market Value Share, by Type, 2018 & 2026 (Value, %)
5.1.2. Global High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
5.2. Extrusion moulding
5.2.1. Global High Impact Polystyrene Market for Extrusion moulding, 2019-2026 (US$ Mn)
5.2.2. Global High Impact Polystyrene Market for Extrusion moulding, by Region 2019-2026 (US$ Mn)
5.3. Injection moulding
5.3.1. Market Determinants (Drivers, Restraints, Challenges & Opportunity)
5.3.2. Global High Impact Polystyrene Market for Injection moulding, 2019-2026 (US$ Mn)
5.3.3. Global High Impact Polystyrene Market for Injection moulding , by Region 2019-2026 (US$ Mn)
5.4. Others
5.4.1. Market Determinants (Drivers, Restraints, Challenges & Opportunity)
5.4.2. Global High Impact Polystyrene Market for Others, 2019-2026 (US$ Mn)
5.4.3. Global High Impact Polystyrene Market for Others, by Region 2019-2026 (US$ Mn)
6. North America High Impact Polystyrene Market Analysis
6.1. Overview
6.1.1. North America High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
6.1.2. North America High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
6.1.3. North America High Impact Polystyrene Market, by Country, 2019-2026 (US$ Mn)
6.1.3.1. United States
6.1.3.1.1. United States High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
6.1.3.2. Canada
6.1.3.2.1. Canada High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
7. Europe High Impact Polystyrene Market Analysis
7.1. Overview
7.1.1. Europe High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
7.1.2. Europe High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
7.1.3. Europe High Impact Polystyrene Market, by Country/Region, 2019-2026 (US$ Mn)
7.1.3.1. UK
7.1.3.1.1. UK High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
7.1.3.2. Germany
7.1.3.2.1. Germany High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
7.1.3.3. France
7.1.3.3.1. France High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
7.1.3.4. Rest of Europe
7.1.3.4.1. Rest of Europe High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
8. Asia Pacific High Impact Polystyrene Market Analysis
8.1. Overview
8.1.1. Asia Pacific High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
8.1.2. Asia Pacific High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
8.1.3. Asia Pacific High Impact Polystyrene Market, by Country/Region, 2019-2026 (US$ Mn)
8.1.3.1. China
8.1.3.1.1. China High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
8.1.3.2. India
8.1.3.2.1. India High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
8.1.3.3. Japan
8.1.3.3.1. Japan High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
8.1.3.4. Rest of Asia Pacific
8.1.3.4.1. Rest of Asia Pacific High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
9. Rest of the World High Impact Polystyrene Market Analysis
9.1. Overview
9.1.1. Rest of the World High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
9.1.2. Rest of the World High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
9.1.3. Rest of the World High Impact Polystyrene Market, by Country/Region, 2019 – 2026 (US$ Mn)
9.1.3.1. Latin America
9.1.3.1.1. Latin America High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
9.1.3.2. MENA
9.1.3.2.1. MENA High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
10. Company Profiles
10.1. SABIC (Saudi Arabia)
10.1.1. Company Overview
10.1.2. Type Portfolio
10.1.3. Key Strategies
10.1.4. Key Conclusion
10.2. King Plastic Corporation (USA)
10.2.1. Company Overview
10.2.2. Type Portfolio
10.2.3. Key Strategies
10.2.4. Key Conclusion
10.3. Dow Chemical Company (USA)
10.3.1. Company Overview
10.3.2. Type Portfolio
10.3.3. Key Strategies
10.3.4. Key Conclusion
10.4. Lyondell Basell (Netherlands)
10.4.1. Company Overview
10.4.2. Type Portfolio
10.4.3. Key Strategies
10.4.4. Key Conclusion
10.5. Astor Chemical Industrial (China)
10.5.1. Company Overview
10.5.2. Type Portfolio
10.5.3. Key Strategies
10.5.4. Key Conclusion
10.6. PS Japan (Japan)
10.6.1. Company Overview
10.6.2. Type Portfolio
10.6.3. Key Strategies
10.6.4. Key Conclusion
10.7. LG Chem (South Korea)
10.7.1. Company Overview
10.7.2. Type Portfolio
10.7.3. Key Strategies
10.7.4. Key Conclusion
10.8. Zhengjiang CHIMEI (China)
10.8.1. Company Overview
10.8.2. Type Portfolio
10.8.3. Key Strategies
10.8.4. Key Conclusion
10.9. Total S.A. (France)
10.9.1. Company Overview
10.9.2. Type Portfolio
10.9.3. Key Strategies
10.9.4. Key Conclusion
10.10. Exxon Mobil Corporation (USA)
10.10.1. Company Overview
10.10.2. Type Portfolio
10.10.3. Key Strategies
10.10.4. Key Conclusion
1. Global High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
2. Global High Impact Polystyrene Market for High Impact Polystyrene Welded Pipes, by Region 2019-2026 (US$ Mn)
3. Global High Impact Polystyrene Market for High Impact Polystyrene Seamless Pipes, by Region 2019-2026 (US$ Mn)
4. Global High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
5. Global High Impact Polystyrene Market for Consumer goods and electronics, by Region 2019-2026 (US$ Mn)
6. Global High Impact Polystyrene Market for Automotive Industry, by Region 2019-2026 (US$ Mn)
7. Global High Impact Polystyrene Market for Horticulture and Agriculture, by Region 2019-2026 (US$ Mn)
8. Global High Impact Polystyrene Market for Construction, by Region 2019-2026 (US$ Mn)
9. Global High Impact Polystyrene Market for Others Industry, by Region 2019-2026 (US$ Mn)
10. Global High Impact Polystyrene Market, by Geography, 2019-2026 (US$ Mn)
11. North America High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
12. North America High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
13. North America High Impact Polystyrene Market, by Country, 2019-2026 (US$ Mn)
14. Europe High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
15. Europe High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
16. Europe High Impact Polystyrene Market, by Country/Region, 2019-2026 (US$ Mn)
17. Asia Pacific High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
18. Asia Pacific High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
19. Asia Pacific High Impact Polystyrene Market, by Country/Region, 2019-2026 (US$ Mn)
20. Rest of the World High Impact Polystyrene Market, by Type, 2019-2026 (US$ Mn)
21. Rest of the World High Impact Polystyrene Market, by Application, 2019-2026 (US$ Mn)
22. Rest of the World High Impact Polystyrene Market, by Country/Region, 2019 – 2026 (US$ Mn)
1. Global High Impact Polystyrene Market, by Type, 2018 (US$ Mn)
2. Global High Impact Polystyrene Market, by Application, 2018 (US$ Mn)
3. Global High Impact Polystyrene Market, by Geography, 2018 (US$ Mn)
4. Global High Impact Polystyrene Market Value Share, by Type, 2018 & 2026 (Value, %)
5. Global High Impact Polystyrene Market for High Impact Polystyrene extrusion molding, 2019-2026 (US$ Mn)
6. Global High Impact Polystyrene Market for High Impact Polystyrene injection molding, 2019-2026 (US$ Mn)
7. Global High Impact Polystyrene Market for High Impact Polystyrene others, 2019-2026 (US$ Mn)
8. Global High Impact Polystyrene Market Value Share, by Application, 2018 & 2026 (Value, %)
9. Global High Impact Polystyrene Market for Consumer goods and electronics, 2019-2026 (US$ Mn)
10. Global High Impact Polystyrene Market for Automotive Industry, 2019-2026 (US$ Mn)
11. Global High Impact Polystyrene Market for horticulture and agriculture, 2019-2026 (US$ Mn)
12. Global High Impact Polystyrene Market for Construction, 2019-2026 (US$ Mn)
13. Global High Impact Polystyrene Market for Others application, 2019-2026 (US$ Mn)
14. United States High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
15. Canada High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
16. UK High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
17. Germany High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
18. France High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
19. Rest of Europe High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
20. China High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
21. India High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
22. Japan High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
23. Rest of Asia Pacific High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
24. Latin America High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
25. MENA High Impact Polystyrene Market 2019 – 2026 (US$ Mn)
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