Product Code: GVR-4-68040-593-1
Recycled Styrenics Market Growth & Trends:
The global recycled styrenics market is anticipated to reach USD 5.89 billion by 2030, growing at a CAGR of 4.6% during the forecast period, according to a new report by Grand View Research, Inc. The increasing need for sustainable and environmentally friendly materials in the packaging, automotive, and consumer goods sectors is propelling the expansion of the recycled styrenics industry.
The market growth is mainly propelled by the heightened global focus on sustainability and environmental policies that promote the use of recycled materials, particularly in sectors such as packaging, automotive, and electronics. Increasing consumer awareness and corporate pledges to minimize plastic waste are driving strong demand for recycled styrenic products, offering substantial growth opportunities for manufacturers to develop innovative recycling technologies and broaden circular economy initiatives.
However, the market encounters obstacles like the expensive nature of recycling methods, insufficient recycling facilities in some areas, and difficulties associated with contamination and the consistent quality of recycled styrenic materials, which may impede widespread adoption and impact product efficiency. Overcoming these issues through technological innovations and regulatory assistance is essential for maximizing the market's potential.
The recycled styrenics industry is undergoing a significant shift, fueled by a mix of regulatory demands, technological progress, and changing consumer preferences. Governments across the globe are enacting strict regulations aimed at minimizing plastic waste, urging industries to embrace sustainable practices.
Advances in technology, such as improved sorting methods and chemical recycling techniques, are enhancing both the efficiency and quality of recycled styrenic materials. Furthermore, the rising consumer interest in environmentally friendly products is prompting manufacturers to include recycled materials in their products. Nonetheless, challenges remain, including the high expenses associated with recycling processes, issues related to contamination, and the necessity for uniform regulations across different regions.
Recycled Styrenics Market Report Highlights:
- Based on type, the recycled ABS segment accounted for the largest market share of 41.4% of the market size in 2024.
- Based on application, the packaging segment accounted for the largest market share of 38.7% in 2024.
- Asia Pacific dominated the recycled styrenics industry in 2024 with a share of 37.47%. The rapid industrial growth, coupled with heightened environmental consciousness in the Asia Pacific area, is leading to a rising demand for recycled styrenics in both the packaging and automotive industries.
- China led the Asia Pacific region and captured over 60% of the revenue share in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Types & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Recycled Styrenics Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Trends
- 3.3.2. Raw Material Price Analysis
- 3.4. Technology Overview
- 3.4.1. Commercial Production Technology
- 3.4.2. Roadmap of Technology Advancement, 2018 to 2030
- 3.5. Sustainability Trends
- 3.5.1. Recycling and Circular Economy
- 3.6. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.6.1. Key Factors Influencing Pricing
- 3.6.2. Supply Demand Gap Analysis
- 3.7. Regulatory Framework
- 3.7.1. Policies and Incentive Plans
- 3.7.2. Standards and Compliances
- 3.7.3. Regulatory Impact Analysis
- 3.8. Market Dynamics
- 3.8.1. Market Driver Analysis
- 3.8.2. Market Restraint Analysis
- 3.8.3. Industry Challenges
- 3.9. Porter's Five Forces Analysis
- 3.9.1. Supplier Power
- 3.9.2. Buyer Power
- 3.9.3. Substitution Threat
- 3.9.4. Threat from New Entrants
- 3.9.5. Competitive Rivalry
- 3.10. PESTEL Analysis
- 3.10.1. Political Landscape
- 3.10.2. Economic Landscape
- 3.10.3. Social Landscape
- 3.10.4. Technological Landscape
- 3.10.5. Environmental Landscape
- 3.10.6. Legal Landscape
Chapter 4. Recycled Styrenics Market: Type Outlook Estimates & Forecasts
- 4.1. Recycled Styrenics Market: Type Movement Analysis, 2024 & 2030
- 4.1.1. Recycled Polystyrene (rPS)
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.2. Recycled Acrylonitrile Butadiene Styrene (rABS)
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3. Recycled Styrene-Butadiene-Styrene (rSBS)
- 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.4. Recycled Styrene-Acrylonitrile (rSAN)
- 4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.5. Other Types
- 4.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Recycled Styrenics Market: Application Outlook Estimates & Forecasts
- 5.1. Recycled Styrenics Market: Material Movement Analysis, 2024 & 2030
- 5.1.1. Packaging
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2. Automotive
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.3. Electronics & Electrical (E&E)
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4. Construction
- 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.5. Other applications
- 5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Recycled Styrenics Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Recycled Styrenics Market: Regional Movement Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. UK
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. Germany
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. France
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8. Spain
- 6.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7. South Korea
- 6.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8. Australia
- 6.5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Latin America
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and Channel Partners
- 7.2.3. List of Potential Customers/End Users
- 7.3. Competitive Dynamics
- 7.3.1. Company Market Share Analysis & Market Positioning
- 7.3.2. Competitive Benchmarking
- 7.3.3. Strategy Mapping
- 7.3.4. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Participant's overview
- 7.4.2. Financial performance
- 7.4.3. Product benchmarking
- 7.4.3.1. BASF SE
- 7.4.3.2. LG Chem Ltd.
- 7.4.3.3. Trinseo LLC
- 7.4.3.4. AmSty
- 7.4.3.5. ALPLA
- 7.4.3.6. Chevron Corporation
- 7.4.3.7. Eni S.p.A.
- 7.4.3.8. INEOS Styrolution
- 7.4.3.9. MBA Polymers
- 7.4.3.10. SABIC