Styrene refers to an organic compound with the chemical formula C8H8. Also known as vinylbenzene, phenylethylene, or cinnamene, it is a colorless oily liquid with a sweet smell.
Although styrene is primarily produced synthetically by the dehydrogenation of ethylbenzene, small quantities of it can be found naturally in various fruits, vegetables, meats, beverages, nuts, etc., as well as in coal tar. It finds extensive applications in the manufacturing of numerous copolymers, including polystyrene, and has a role as a mutagen, a mouse metabolite, a plant metabolite, etc.
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The rising demand for styrene in the production of polystyrene represents one of the primary factors driving the global market. Polystyrene is further used for plastic packaging, insulation, disposable containers, etc. Additionally, the expanding automobile sector is also propelling the product demand.
Styrene is utilized in the manufacturing of Styrene Butadiene Rubber (SBR), which is employed in vehicle tires, seals, gaskets, etc. This, in turn, is acting as another growth-inducing factor.
Moreover, the increasing adoption of styrene in broadloom carpeting for attaching carpet fibers to a backing material is anticipated to fuel the market growth in the coming years.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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