Polystyrene & Expandable Polystyrene (EPS) Market to Perceive Substantial Growth by the End 2025

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Crystallization is defined as the process which occurs naturally, or can be done artificially, where solid forms of atoms or molecules are organized in a structure called crystals. Similarly, in protein crystallization, protein crystals are formed that are further used for scientific and industrial purposes, predominantly for the study of X-ray crystallography. The methods for the artificial formation of protein crystals include vapor diffusion, microbatch, micro dialysis, and free-interface diffusion. Vapor diffusion is the most common method for protein crystallization, as it allows gentle and gradual changes in protein and precipitant concentration, aiding to the growth of large and well-ordered crystals.

The protein crystallization market is expanding at a considerable growth rate due to increasing usage of crystallization for membrane protein structure elucidation. Furthermore, there are numerous factors that are influencing the growth of crystallization of protein sample in several end user industries. These factors include protein purity, pH, concentration of protein, temperature, precipitants, and additives. High investment in R&D and technology by major pharmaceutical and biotechnology firms, technological advancements, and increase in government funding are major factors that are driving the demand for protein crystallization. New and innovative product launches by key manufacturers are also projected to drive the demand for protein crystallization in the near future. However, factors such as lack of qualified and experienced researchers and crystallizing a protein without proven protocol are likely to hamper the expansion of the market.

In terms of technology, the market can be segmented into X-ray crystallography, NMR spectroscopy, and others. An X-ray crystallography helps to achieve the whole 3D structure by the proper analysis of a good crystallize material. Hence, the segment is estimated to hold a significant share of the market share during the forecast period. It is also considered to be the most advanced method available for obtaining high-resolution structural information about biological macromolecules.

In terms of product, the market can be segmented into reagents, instruments, and others. Reagents have potential applications in protein chemistry, as they possesses hydrophobic and ionic characteristics along with the ability to bond with hydrogen. They have numerous applications and can be used as an additive, a detergent, a precipitating agent, or to deliver ligands into protein crystals. In terms of end-user, the protein crystallization market can be segmented into pharmaceutical industry, biotechnology industry, and others. Increased application of protein crystallization in material science techniques is a key driver for the biotechnology industry segment in the protein crystallization market. However, protein crystallization is also largely employed in the pharmaceutical and biotechnology industry for genetic engineering, protein research, protein engineering, and drug delivery processes.

Global protein crystallization market is anticipated to expand at a prominent growth rate in the next few years. The major factor attributing to this growth is the rising expansion opportunities across developing regions of the industry. Increasing usage of membrane protein, crystallization processes, and structure elucidation are additional factors that are propelling the market at an impressive growth rate.

In terms of geography, North America is anticipated to lead the global protein crystallization market. Rise in research and development expenditure by major players operating in countries of North America is anticipated to increase the demand for membrane protein structure elucidation, thereby boosting the demand for protein crystallization. Asia Pacific and Europe are anticipated to be lucrative regions for the protein crystallization market due to increasing investment opportunities for companies in these immature markets and the increased focus of pharmaceutical and biotechnology companies toward Asia as an R&D outsourcing destination. Latin America and Middle East & Africa are emerging markets for protein crystallization.

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Key players operating in the global protein crystallization market include Rigaku Corporation (Japan), Hampton Research (U.S.), Jena Bioscience GmbH (Germany), Molecular Dimensions Ltd. (U.K.), Formulatrix, Inc. (U.S.), Bruker Corporation (U.S.), and MiTeGen LLC (U.S.).

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Transparency Market Research has published a new report titled “Polystyrene & Expandable Polystyrene (EPS) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.” According to the report, the global polystyrene & EPS market was valued at USD 30.66 billion in 2013 and is anticipated to reach USD 42.11 billion by 2020, expanding at a CAGR of 4.7% from 2014 to 2020.

Rising demand from the packaging industry in BRICS countries is expected to be one of the major factors driving the global polystyrene & EPS market. Additionally, increasing demand from consumer electronics and electronic components industries is anticipated to boost the global polystyrene & EPS market. However, volatility in prices of raw materials is estimated to hamper market growth during the forecast period. Availability of high performance substitutes such as polypropylene and polyethylene is also likely to be a major restraining factor for the global polystyrene & EPS market.

Packaging emerged as the largest application of the global polystyrene & EPS market in 2013. Increasing demand for polystyrene & EPS in BRICS countries and approval of the FDA for packaging application is projected to drive the segment during the forecast period. In terms of volume, demand for polystyrene & EPS from electrical & electronics application is anticipated to rise at a CAGR of 4.5% from 2014 to 2020. Polystyrene & EPS are primarily used in thermal insulation of roofing, flooring and other industrial processes due to their insulation properties. Other applications of polystyrene & EPS include its usage in petri dishes, CD cases, plastic cutlery and disposable razors.

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China dominated the global polystyrene & EPS market in 2013 due to high demand from packaging and electrical & electronics industries. In terms of volume, the country accounted for 37.1% of the total polystyrene & EPS market in 2013. Rising demand for polystyrene & EPS for packaging application in Rest of the World is led by an increase in per capita disposable income and key global events Football World Cup 2014 and Olympics 2016 in the region. Increasing demand for polystyrene & EPS from the thermal insulation industry in Europe is projected to fuel market growth for polystyrene & EPS during the forecast period. The market for polystyrene & EPS in Rest of Asia Pacific is expected to expand at the highest growth rate in the next few years due to growth in packaging and consumer electronics industries in the region.

The global polystyrene & EPS market was highly fragmented, with the top five players accounting for 26.0% share of the market in 2013. Key industry participants include S.C. Adeplast S.A., BASF SE, INEOS Styrenics, Kaneka Corporation, Nova Chemicals Corporation, Owens Corning, Total Petrochemicals & Refining USA and Synthos S.A.