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The Europe polystyrene (PS) market size is forecast to increase by USD 885.9 million at a CAGR of 3.1% between 2023 and 2028. The market is witnessing significant growth due to its widespread usage in various industries, particularly in electrical and electronics, as a lightweight material for custom shapes. However, the market faces challenges related to landfill pollution from PS waste and the lack of awareness about eco-friendly alternatives. The styrene monomer, the primary raw material for PS production, is derived from crude oil, making its price volatile. In addition, PS is widely used for eco-friendly packaging and thermal insulation applications, competing with alternatives like polyethylene, polypropylene, and glass wool. To mitigate environmental concerns, the industry is focusing on research and development of biodegradable PS and recycling technologies. Despite these challenges, the market is expected to grow steadily, driven by its extensive applications in various end-use industries such as packaging, construction, and automotive.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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