Rising demand in the application of the wind energy and surge in application in automobile industry drive the growth of the global styrenics market.
PORTLAND, Ore., Aug. 16, 2021 /PRNewswire/ — Allied Market Research published a report, titled, “Styrenics Market By Wattage (Low Power, Medium Power, and High Power), Spectrum (Narrow and Broad), Installation Type (New Installation and Retrofit), and Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf and Landscaping, Research, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global styrenics industry generated $76.6 billion in 2020, and is expected to garner $134.9 billion by 2030, witnessing a CAGR of 5.9% from 2021 to 2030.
Prime determinants of growth
Rising demand in the application of the wind energy, surge in application in automobile industry, and growth in demand for various plastic in consumer sector drive the growth of the global styrenics market. However, surge in environment and healthcare concerns hinder the market growth. On the other…
