What is General Purpose Polystyrene (GPPS) - Global Market?
General Purpose Polystyrene (GPPS) is a synthetic polymer used in a wide range of applications due to its versatility, affordability, and ease of manufacture. It is a type of thermoplastic that is clear, hard, and rather brittle. It is made from the monomer styrene, a liquid petrochemical. GPPS is a solid product manufactured by a suspension process or by bulk polymerization. It is used for the production of large appliances, toys, and for the casing of televisions and computers. The global GPPS market is a significant one, with a value of US$ 9631 million in 2022. The market is expected to grow steadily, reaching a projected value of US$ 11640 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period from 2023 to 2029. The largest market for GPPS is China, which holds about 25% of the global market share. Following China, the next largest market is Asia (excluding China), which accounts for about 23% of the global market share. The top three companies in the GPPS market hold about 33% of the market share, indicating a relatively concentrated market.
Extrusion Molding, Injection Molding, Others in the General Purpose Polystyrene (GPPS) - Global Market:
Extrusion molding, injection molding, and other methods are commonly used in the production of General Purpose Polystyrene (GPPS). Extrusion molding is a process in which the polystyrene is melted and forced through a die to form a continuous profile. This method is often used to produce long, straight, and narrow parts such as pipes, gutters, and rails. Injection molding, on the other hand, involves injecting molten polystyrene into a mold to create complex shapes. This method is commonly used to produce components for electronic appliances, toys, and other consumer products. Other methods of producing GPPS include blow molding, rotational molding, and thermoforming. Each of these methods has its own advantages and disadvantages, and the choice of method depends on the specific requirements of the product being manufactured.
Packaging, Electronic Appliances, Daily Consumer Products, Construction, Others in the General Purpose Polystyrene (GPPS) - Global Market:
General Purpose Polystyrene (GPPS) is used in a variety of applications, including packaging, electronic appliances, daily consumer products, construction, and others. In the packaging industry, GPPS is used to make containers, trays, and other packaging materials due to its light weight, low cost, and ease of molding. In the electronics industry, GPPS is used to make casings for televisions, computers, and other appliances. It is also used in the manufacture of toys and other consumer products due to its versatility and affordability. In the construction industry, GPPS is used as an insulating material due to its excellent thermal properties. Other applications of GPPS include the manufacture of medical devices, automotive parts, and furniture.
General Purpose Polystyrene (GPPS) - Global Market Outlook:
The global General Purpose Polystyrene (GPPS) market is a dynamic and evolving one. In 2022, the market was valued at US$ 9631 million. Looking ahead, the market is expected to grow at a steady pace, reaching a projected value of US$ 11640 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period from 2023 to 2029. The largest market for GPPS is China, which holds about 25% of the global market share. Following China, the next largest market is Asia (excluding China), which accounts for about 23% of the global market share. The top three companies in the GPPS market hold about 33% of the market share, indicating a relatively concentrated market. These figures underscore the significant role that GPPS plays in various industries and its importance in the global economy.
| Report Metric | Details |
| Report Name | General Purpose Polystyrene (GPPS) - Market |
| Forecasted market size in 2029 | US$ 11640 million |
| CAGR | 2.7% |
| Forecasted years | 2023 - 2029 |
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| Global General Purpose Polystyrene (GPPS) market, Segment by Type: |
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| Global General Purpose Polystyrene (GPPS) market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
