The demand for styrene in India has significantly increased at a swift annual growth rate of 7.5% from fiscal year 2011-12 to 2016-17 and a decent growth is expected over the period of 2016 to 2021 after the chemical market’s recovery from the global economic slowdown.

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The entire demand for styrene is met through imports due to lack of any production facilities within the country. This makes the demand susceptible to international fluctuations in prices as well in its availability. Benzene, the primary feedstock for styrene, has a direct influence on the supply of styrene to India since feedstock prices determine the prevalent market dynamics.

Due to lack of production facilities, India is entirely dependent on imports from other countries to meet its growing styrene demand. An abrupt change in international prices therefore, harshly affects domestic users in the country. Since there are no plans of any capacity initiations in the near future, international producers hold an extraordinary grip on the domestic market.

Styrene is relatively inexpensive to move and hence, widely exchanged between different regions. Asia currently accounts for more than half of global styrene demand and is expected to remain the global styrene growth driver. Continued industrial development, population growth and rising income levels are key drivers, all of which are dominant in the upcoming Asian markets and in India. Industrial development in China continues to have substantial influence on regional styrene demand.

Styrene demand remains dominated by its main derivative, polystyrene, and this industry has reached its maturity in several developed countries of the west. Styrene demand in America and Europe has, therefore, declined in recent years due to reduced levels of manufacturing and material substitution in packaging.

Polystyrene consumption continues to come under pressure from substitutes such as polypropylene and PET from both cost and performance perspective. Global demand for polystyrene will increase at a moderate annual growth rate of 2.4% over the period of 2017 to 2021. Other important applications of styrene in the global market include production of acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins, styrene-butadiene (SB) copolymer latexes and unsaturated polyester.

Highlights of the Report

  •  Domestic installed capacity, production and demand
  •  Key Manufacturers in India
  •  Capacity Utilization Rate
  •  Planned Projects and Capacity Expansions
  •  Domestic Market Share and Trends
  •  Region-wise Demand Distribution
  •  Month-wise Import Quantities
  •  Month-wise Export Quantities
  •  Country-wise Share of Imports
  •  Country Wise Share of Exports
  •  Major End Users, Traders and Distributors
  •  Domestic Market Prices
  •  Prominent Production Technology Licensors
  •  Industrial Manufacturing Process
  •  Application and Use in Diverse Sectors
  •  Global Market highlights
  •  Health Impacts
  •  Chemical and Physical Properties
  •  Market Dynamics
  1. Chapter 1: Introduction
    1. Chemical and Physical Properties
    2. Application and Use
    3. Health Impacts
    4. Industrial Manufacturing Process
    5. Prominent Production Technology Licensors
  2. Chapter 2: Indian Scenario
    1. Production and Demand
    2. Region-wise Demand Distribution
    3. Key Producers in India
    4. Market Share and Trends
    5. Import and Exports
      1. Month-wise Import Quantities
      2. Month-wise Export Quantities
      3. Country-wise Share of Imports
      4. Port-wise Share of Imports
    6. Major End Users, Traders and Distributors
    7. Pricing in India
      1. CIF Pricing
  3. Chapter 3: Global scenario

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