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Styrene

Styrene

Styrene monomer is an important feedstock for the manufacture of several industrially valuable chemicals such as ABS (acrylonitrile butadiene styrene), SAN (Styrene acrylonitrile), styrene butadiene and in the production of polystyrene.

The later is the most important application of styrene in the country. A majority of styrene monomer is used in the manufacture of mundane items such as CD cases, disposable cups, food containers and refrigerator door liners.The northern region leads domestic demand for styrene in the country, followed by the western and southern regions.

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The demand for styrene has significantly increased since 2010, after the chemical market recovery from the global economic slowdown. 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 availability of styrene. Styrene is produced in industrial quantities from ethylbenzene, which is in turn is prepared on a large scale by alkylation of benzene with ethylene. 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 production capacities in other countries to meet its growing styrene demand. An abrupt change in international prices therefore, harshly affects domestic users of styrene 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.

In the global market, styrene demand remains dominated by its main derivative, polystyrene, and this industry has reached maturity in several developed countries of the west. Styrene demand in the Americas and Europe has, therefore, declined in recent years due to reduced levels of manufacturing and material substitution in packaging. 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
  •  Domestic Market Share and Trends
  •  Region-wise Demand Distribution
  •  Month-wise Import Quantities
  •  Month-wise Export Quantities
  •  Country-wise Share of Imports
  •  Port-wise Share of Imports
  •  Major End Users, Traders and Distributors
  •  CIF Pricing
  •  Prominent Production Technology Licensors
  •  Industrial Manufacturing Process
  •  Application and Use in Diverse Sectors
  •  Global Market highlights
  •  Health Impacts
  •  Chemical and Physical Properties
  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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