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
Climate scenario modelling guide
How to use WoodMac scenario data to meet climate risk disclosure requirements with a fully worked oil & gas example.
$1,250
Insight
US EV slowdown – A deep dive into what’s influencing our revised Q1 electrification forecast
Raised EMI premiums, worsening BEV margins and sinking model availability indicate that the US is headed for an EV winter this decade
$1,050
Insight
Global refinery closure threat update 2026 (full data access)
Which refineries are most at risk of closure? Could a biofuels transformation be a viable alternative to closure?
$20,000
