The latest report titled “Polystyrene Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Polystyrene.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Polystyrene production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Polystyrene Production Process:
1. Polystyrene Production Cost From polymerization: This report presents the detailed production methodology and cost analysis of Polystyrene industrial production across Polystyrene manufacturing plants. In polymerization process, the styrene monomer polymerizes to produce polystyrene with the help of polybutadiene in the reaction mixture.
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Product Definition:
Polystyrene is a lightweight synthetic polymer of styrene. The polymer has many special characteristics such as rigidity, flexibility, transparency etc. It can also provide thermal insulation and therefore is extensively used in the insulation panels of walls, roofs, and refrigeration systems. In addition to this, it also acts as an electrical insulator and as a resistor to harsh effect of chemicals. However, it is not resistant to solvents such as acids, acetone, etc., and thus can undergo degradation after coming in contact with them. The products formed from this polymer are easily mouldable via injection moulding or extrusion. The foams produced using polystyrene have high buoyancy and are widely used in packaging, insulation, and flotation devices.
Market Drivers:
In the automotive sector, polystyrene is used in the manufacturing of interior components such as dashboard panels, headliners, etc., while in the medical sector it is used in production of apparatuses such as petri dishes, test tubes, pipettes, syringes etc. However, its most prominent market driver is the packaging industry. This polymer is widely employed in the creation of food containers, cups, trays, protective films. It is also used in production of Styrofoam which has high buoyancy and provides excellent insulation. Similarly, expanded polystyrene foams are used in construction of insulation walls, roofs, etc. In the electronics industry, it is used as an insulator in castings and enclosures for electronic devices.
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