The Economics of Styrene Manufacturing: A Production Cost Analysis Guide 2023-2028 | Syndicated Analytics

The latest report by Syndicated Analytics titled Styrene Production Cost Analysis 2023-2028: Capital Investment, Manufacturing Process, Raw Materials, Operating Cost, Industry Trends and Revenue Statistics” provides the necessary information needed to enter the styrene industry. Based on the most recent economic data, the study provides in-depth insights into pricing, margins, utility expenses, operating costs, capital investments, raw material requirements, and basic process flow.

The techno-economic report offers the latest information about the value-chain and demand-supply scenario. The data is collated after consulting various styrene manufacturers, distributors, and suppliers dispersed across the local and international markets. The study is a must-read for new entrants, investors, researchers, consultants, and company strategists. It will help them better comprehend the styrene industry dynamics and make data-backed business decisions.

Styrene is a colorless, gritty organic compound that is derived from benzene. In minimal amounts, it occurs naturally in some plants and foods, such as coffee beans, peanuts, balsam trees, cinnamon, etc. Styrene can also be produced by the processes of dehydrogenation and ethylbenzene. It consists of various other chemicals which give it a sharp and unpleasant odor. Styrene is mainly used in manufacturing paints, plastics, synthetic rubbers, protective coatings, polyesters, etc. It is also utilized in thermal and electrical insulation and the packaging of food items. As a result, styrene finds widespread applications across various sectors, including construction, automotive, household, commercial, etc.

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The growing environmental concerns regarding the adverse effects of using plastic for packaging are primarily driving the global styrene market. Additionally, the increasing application of styrene for sustainable packaging, along with the emerging trend of online shopping and the rising penetration of e-commerce channels across nations, is further augmenting the market growth. Furthermore, the rising demand for electrical devices among consumers is acting as another significant growth-inducing factor.

In addition to this, the key market players are utilizing styrene to introduce innovative and attractive packaging materials in the food and beverage (F&B) and cosmetics sectors, which is providing lucrative growth opportunities to the overall market. Apart from this, the ongoing development of styrene by using recyclable mediums, such as plaster and foam core, is creating a positive outlook to the global market. Furthermore, the increasing utilization of styrene in the automotive industry in the production of interior and exterior parts of vehicles and tires is expected to bolster the global styrene market in the coming years.

The report providing in-depth, comprehensive techno-economic analysis, including:

  • Market Trends
  • Major Regions
  • Key Manufacturers
  • Price Trends
  • Mass Balance and Raw Material Requirements
  • Various Types of Unit Operations Involved
  • Raw Material Costs
  • Utility Costs
  • Labor Costs
  • Packaging Costs
  • Transportation Costs
  • Land and Construction Costs
  • Machinery Costs
  • Profit Margins
  • Product Pricing

In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client.

About Us: Syndicated Analytics, a subsidiary of IMARC Group, offers consulting services and provides comprehensive market intelligence in the form of research reports, production cost reports and feasibility studies. Our team, consisting of experienced researchers and analysts from diverse industries, is deeply committed to the quality of the information and insights delivered to the clients, which range from small and medium enterprises to Fortune 1000 companies. These firms are able to achieve this by studying the qualitative and quantitative aspects of the market as well as staying up-to-date with the current and the evolving trends of the industry.

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Albany, New York 12207
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
    2.2 Stakeholders
    2.3 Research Methodology
3 Executive Summary
4 Global Styrene Market
4.1 Market Overview
    4.2 Historical and Current Market Performance
    4.3 Impact of COVID-19
    4.4 Market Forecast
    4.5 Market Breakup by Segment
    4.6 Market Breakup by Region
    4.7 Price Trends
        4.7.1 Styrene Price Trends
        4.7.2 Product Margins
5 Styrene Manufacturing Process
 5.1 Product Overview
    5.2 Detailed Process Flow
    5.3 Various Types of Unit Operations Involved
    5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
    6.1 Raw Material Cost Analysis
        6.1.1 Price Trend of Raw Materials Required
        6.1.2 Total Expense on Raw Materials
    6.2 Utility Cost Analysis
        6.2.1 Electricity Costs
        6.2.2 Steam Costs
        6.2.3 Process Water Costs
        6.2.4 Total Expense on Utilities
    6.3 Operating Cost Analysis
        6.3.1 Salaries and Wages
        6.3.2 Plant Overheads
        6.3.3 Tax and Insurance
        6.3.4 Packaging Costs
        6.3.5 Transportation Costs
        6.3.6 Sales and Administration Costs
        6.3.7 Total Operating Costs
    6.4 Capital Cost Analysis
        6.4.1 Land and Site Development Costs
        6.4.2 Civil Work Costs
        6.4.3 Plant Machinery and Commissioning Costs
   Plant Machinery Costs
   Auxiliary Equipment Cost
   Electrical Works and Piping Costs
   Other Fixed Costs
        6.4.4 Working Capital Requirements for Plant Operation
        6.4.5 Total Capital Investment Required
    6.5 Total Production Cost

7 Annexure
7.1 Raw Material Suppliers    
    7.2 Pant Machinery Suppliers

List of Figures
Figure 1: Global: Styrene Market: Major Drivers and Challenges
Figure 2: Global: Styrene Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Styrene Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Styrene Market: Breakup by Segment (in %), 2022
Figure 5: Global: Styrene Market: Breakup by Region (in %), 2022
Figure 6: Styrene: Price Trends, 2017 & 2022
Figure 7: Styrene: Margins Across Various Stages of the Supply Chain
Figure 8: Styrene: Breakup of Costs
Figure 9: Styrene Price Structure
Figure 10: Styrene: Manufacturing Process Flow
Figure 11: Styrene: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Styrene: Raw Material Price Trends, 2017 & 2022

List of Tables
Table 1: Styrene Manufacturing: Raw Material Requirements
Table 2: Styrene Manufacturing: Raw Material Costs
Table 3: Styrene Manufacturing: Electricity Costs
Table 4: Styrene Manufacturing: Steam Costs
Table 5: Styrene Manufacturing: Process Water Costs
Table 6: Styrene Manufacturing: Total Utility Costs
Table 7: Styrene Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Styrene Manufacturing: Packaging Costs
Table 9: Styrene Manufacturing: Transportation Costs
Table 10: Styrene Manufacturing: Sales and Administration Costs
Table 11: Styrene Manufacturing: Total Operating Costs
Table 12: Styrene Manufacturing: Costs Related to Land and Site Development
Table 13: Styrene Manufacturing: Costs Related to Civil Works
Table 14: Styrene Manufacturing: Costs Related to Plant Machinery
Table 15: Styrene Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Styrene Manufacturing: Costs Related to Electrical works and Piping
Table 17: Styrene Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Styrene Manufacturing: Working Capital Requirements
Table 19: Styrene Manufacturing: Total Capital Investment Required
Table 20: Styrene Manufacturing: Total Production Cost
Table 21: Styrene Manufacturing: Raw Material Suppliers
Table 22: Styrene Manufacturing: Machinery Suppliers