General Purpose Polystyrene (GPPS) in USA
- United States: 1688 USD/MT
In the United States, the price of general purpose polystyrene (GPPS) reached 1688 USD/MT by December 2023.
The latest report by IMARC Group, titled "General Purpose Polystyrene (GPPS) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of general purpose polystyrene prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
General Purpose Polystyrene (GPPS) Prices Analysis:
- South Korea: 1243 USD/MT
- Belgium: 1674 USD/MT
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The study delves into the factors affecting general purpose polystyrene (GPPS) price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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General Purpose Polystyrene (GPPS) Price Trend- Last Quarter
The general purpose polystyrene (GPPS) market is driven by its extensive use across various industries, particularly in packaging, consumer goods, and electronics. In packaging, GPPS is favored for its rigidity, transparency, and cost-effectiveness, making it ideal for producing disposable containers, food packaging, and protective packaging for electronics. The growing demand for consumer goods, especially in developing regions, further boosts the market as GPPS is commonly used in products like toys, household items, and appliances. Additionally, the expanding electronics industry fuels demand for GPPS due to its insulation properties, which make it suitable for use in electronic housings and components. The construction sector also contributes to market growth, as GPPS is used in insulation and other building materials. Furthermore, advancements in recycling technologies are supporting the market by improving the sustainability profile of GPPS, aligning with increasing regulatory pressure and consumer preference for environmentally friendly materials.
General Purpose Polystyrene (GPPS) Industry Analysis
In the fourth quarter of 2023, the North American general purpose polystyrene market showed a bearish trend characterized by high supply, limited demand, and declining Styrene prices. Ample product availability from manufacturing units led to surplus stocks, with spot markets seeing slow activity and limited interest despite lower prices. Domestic polystyrene prices declined due to weak overseas demand, particularly from packaging and household sectors, although rising energy prices provided slight support. No plant shutdowns were reported, though production cuts helped reduce inventory levels.
In the APAC region, a surplus supply and weak demand, particularly from construction, consumer goods, and packaging industries, pressured prices downward, with a notable drop in South Korea. Although automotive and electronics demand remained consistent, market sentiment remained cautious due to oversupply and weak feedstock costs. Similarly, in Europe, markets saw subdued demand, especially in Germany and Belgium, leading to price reductions as the Euro’s depreciation influenced dynamics.
Conversely, the Middle East and Africa markets displayed a positive trend, driven by strong demand from the automotive, electronics, and packaging industries. Saudi Arabia experienced the highest price increases due to feedstock costs, supply shortages, and energy price hikes, though supply chain issues limited fulfillment capabilities across the region.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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