During Q1 2025, the Styrene market in the USA was characterized by initial volatility followed by a period of stabilization. February saw a surge in prices, largely driven by a spike in benzene costs and a sharp increase in demand from downstream packaging and ABS sectors. However, this momentum changed in March, with prices stabilizing at USD 1,160/MT in the first week. By mid-March, prices declined by 3.4% due to falling benzene and ethylene costs, as well as reduced buying interest.

Get comprehensive insights into the Styrene market, with a focused analysis of the Styrene price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

The global price of Styrene amounted to ******* U.S. dollars per metric ton in 2019. Two years later, this figure is forecast to slightly grow after two consecutive years with prices falling, reaching some ***** U.S. dollars per metric ton.

In Q1 2025, the North American Styrene Copolymer market showed a mixed price trajectory influenced by feedstock costs, demand fluctuations, and supply chain dynamics. In USA, January began with a 3.6% price increase, driven by strong demand from the automobile and packaging sectors and increased feedstock styrene prices, which pushed production costs higher. Manufacturers responded by scaling up production and adjusting inventories to meet procurement needs, despite some logistical delays affecting delivery times.

In August 2022, the styrene price per ton amounted to $1.5 per kg, which is down by -21.8% against the previous month.

Styrene pricing analysis shows lower prices during 2024, with only a slight recovery anticipated during the latter half as inventory adjustments and prudent demand showed restraint.

Explore the dynamic factors influencing styrene market prices, including crude oil fluctuations, supply-demand changes, environmental regulations, geopolitical events, and technological advancements. Understand how these variables affect industries dependent on styrene for informed procurement and pricing strategies.

Explore the factors influencing styrene prices in the chemicals sector, including the impact of crude oil fluctuations, supply-demand dynamics, geopolitical events, and logistics on this key ingredient in plastic manufacturing.

China Settlement Price: Styrene Forward: SPEX: First Month data was reported at 9,150.000 RMB/Ton in 17 Apr 2009. This records an increase from the previous number of 9,135.000 RMB/Ton for 16 Apr 2009. China Settlement Price: Styrene Forward: SPEX: First Month data is updated daily, averaging 11,738.000 RMB/Ton from Mar 2007 (Median) to 17 Apr 2009, with 517 observations. The data reached an all-time high of 13,300.000 RMB/Ton in 13 Jun 2008 and a record low of 4,440.000 RMB/Ton in 27 Nov 2008. China Settlement Price: Styrene Forward: SPEX: First Month data remains active status in CEIC and is reported by Shanghai Petroleum Exchange. The data is categorized under High Frequency Database’s Commodity Prices and Futures – Table CN.ZB: Shanghai Petroleum Exchange: Price: Daily.

Get the latest insights on price movement and trend analysis of Styrene Butadiene Styrene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In Q1 2025, the Polystyrene (PS) market in North America observed alternating trends amid fluctuations in demand and upstream costs. In USA, January began on a stable note, supported by steady downstream consumption from packaging and automobile sectors. However, mid-month witnessed a marginal drop in prices, followed by a moderate recovery in the fourth week due to rising feedstock costs. By the end of January, prices softened again, mainly driven by reduced demand and high supply.

For the third year in a row, the UK styrene market recorded decline in sales value, which decreased by -17.4% to $30M in 2024. In general, consumption faced a abrupt curtailment. Styrene consumption peaked at $144M in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

The styrene market size is projected to grow from USD 60.05 billion in 2024 to USD 111.7 billion by 2035, representing a CAGR of 5.807%, during the forecast period till 2035.

Get comprehensive insights into the Polystyrene market, with a focused analysis of the Polystyrene price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

The global styrene market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.32% from 2025 to 2033. This expansion is driven by several key factors. The burgeoning packaging industry, particularly in emerging economies like India and China, fuels significant demand for styrene-based products. Furthermore, the construction sector's reliance on styrene for various applications, including insulation materials and pipes, contributes significantly to market growth. Increasing consumer demand for durable goods, coupled with the growth of the automotive and electronics industries, further bolsters styrene consumption. However, fluctuating crude oil prices, a key raw material for styrene production, represent a major constraint. Environmental concerns related to styrene's potential health impacts also pose a challenge, leading to increased regulatory scrutiny and the adoption of sustainable alternatives in certain applications. The market is segmented by product type (polystyrene, acrylonitrile butadiene styrene (ABS), styrene butadiene rubber (SBR), and others) and end-user industry (packaging, construction, consumer goods, automotive, electrical and electronics, and others). Major players such as Chevron Phillips Chemical Company, Covestro AG, and INEOS Styrolution dominate the market, engaging in strategic partnerships and expansions to enhance their market share. Regional variations in market dynamics are notable. Asia Pacific, especially China and India, currently dominates the market due to rapid industrialization and infrastructure development. North America and Europe follow, with a more mature market characterized by high per-capita consumption and technological advancements. However, emerging markets in South America, the Middle East, and Africa present significant growth opportunities. The forecast period (2025-2033) suggests continued growth, driven by increasing demand in developing nations and ongoing innovation in styrene-based materials for diverse applications like lightweighting in automotive and advanced packaging solutions. The market's evolution will largely depend on balancing the economic benefits of styrene with environmental and health concerns. Recent developments include: December 2022: LG Chem announced on Sunday its plans to introduce a new acrylonitrile butadiene styrene (ABS) product from plant-based sources. Through innovation, the company has strengthened its presence in the market., March 2022: Repsol announced its partnership with Ravago to build the largest polypropylene (PP) compounding plant that manufactures polycarbonate/acrylonitrile butadiene styrene (PC-ABS) for the automotive sector in Morocco. The company has increased its global footprint through the partnership., January 2022: INEOS Styrolution started a 50,000-ton ABS production capacity in Wingles, France. This will increase the product portfolio of INEOS.. Key drivers for this market are: Rising Demand from the Consumer Electronics Industry, Increasing Demand from Packaging Industry; Other Drivers. Potential restraints include: Rising Demand from the Consumer Electronics Industry, Increasing Demand from Packaging Industry; Other Drivers. Notable trends are: Packaging Industry to Drive the Market.

In Q1 2025, the North American ABS market experienced a gradual upward trend. The quarter began with modest gains in February, as tight feedstock supply and rising styrene costs pushed prices up by 2.2%. Supply constraints, coupled with strong export activity, especially to Europe and Asia, reinforced bullish sentiment. Throughout March, ABS prices remained firm, supported by stable domestic production, scheduled maintenance outages, and resilient demand from the automotive and electronics sectors.

The global styrene market is expected to grow in the forecast period of 2025-2034 at a CAGR of 5.00%.

The styrene acrylonitrile prices in the United States for Q3 2024 reached 2160 USD/MT in September. The region witnessed a steady price decline due to weak demand for SAN from the electronics and automotive sectors, compounded by worldwide economic challenges. Even with stable supply chains, subdued demand maintained downward price pressure. Year-over-year comparisons confirmed the ongoing trend, with the quarter ending on a cautious note for SAN pricing.

The U.S. styrene market amounted to $5.5B in 2024, increasing by 4.4% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2024: its value increased at an average annual rate of +2.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -7.2% against 2022 indices.

The price of styrene-acrylonitrile (SAN) resin in the United States for 2023 reached 2055 USD/MT in December. The market in North America faced challenges due to oversupply and reduced overseas demand, particularly in packaging and household manufacturing.

Explore IMARC’s newly published report, titled “Styrene Acrylonitrile Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of styrene acrylonitrile resin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.