Insight
Global styrene asset competitiveness and rationalization risk screening
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
New world-scale styrene plants emerging in China since 2020 have significantly impacted the global market dynamics and consistently driven down the global styrene margins and operating rates over the past five years. Despite the fact that overcapacity growth peaked in 2022, we predict that the accumulation of overcapacity will persist in the coming two years and industry margin recovery will be protracted. Our analysis, using our Styrene global asset benchmarking tool (Styrene ABT), reveals that specific types of producers face greater cost disadvantages compared to their regional counterparts or competitors in the export market. Potential closures resulting from this scenario could enable a more accelerated capacity rationalization process and quicker margin recovery in the identified regions.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Global steam cracker closure threat update 2025
Which steam crackers are most at risk of closure?
$900
Insight
Taking global deepwater assets from good to great
Which deepwater assets will be the most coveted portfolio options in the 2030s?
$1,350
Insight
Refining the future: US-Saudi 2025 agreements accelerate refining and chemical integration
US-Saudi 2025 deals: US$600 billion investment reshapes oil and chemicals markets, accelerating refining and chemical integration.
$900
