Chemicals and Materials Specialty Polystyrene Resin Market New

According to the new research "Specialty Polystyrene Resin Market by Function
(Protection, Insulation, Cushioning & Others), Application (Protective Packaging, Building &
Construction, Automotive & Transportation, Electronics, Healthcare), and Region - Global
Forecast to 2023", published by MarketsandMarkets™, the Specialty Polystyrene Resin
Market is projected to grow from USD 111 million in 2018 to USD 126 million by 2023, at a
CAGR of 2.64% during the forecast period. The major factors driving the Specialty
Polystyrene Resin Market include the increase in demand for protection from end-use
industries such as packaging, building & construction, healthcare, and electrical &
electronics.
Browse 73 market data Tables and 33 Figures spread through 152 Pages and in-depth TOC
on "Specialty Polystyrene Resin Market”
https://www.marketsandmarkets.com/Market-Reports/specialty-polystyrene-resin-
market-38486801.html
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The protection function segment is expected to account for the largest share of the
specialty polystyrene resin market.
The protection function accounted for the largest market share in specialty polystyrene
resin market in 2017 and is expected to remain the major function during the forecast
period, as this function is mostly needed in applications such as healthcare, electrical &
electronics, and packaging. In the packaging application, specialty polystyrene resin
delivers physical and mechanical strength, and it is the most versatile type of polymer
foam. It is lightweight, composed of individual cells of low-density polystyrene, and has a
high strength-to-weight ratio because it is cross-linked nature. It is useful in the food
service and protective packaging applications.