The new report by Procurement Resource, a global procurement research and consulting firm, looks in-depth into the costs involved in the production of polystyrene. The comprehensive report analyses the production cost of the material, covering raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and the depreciation cost. The extensive study describes the step-wise consumption of material and utilities, along with a detailed process flow diagram. The report also assesses the latest developments within the polystyrene industry that might influence the costs of production, looking into the capacity expansions, plant turnarounds, and mergers, acquisitions, and investments.

Download a free sample of the production cost of polystyrene from polymerization and many more@

https://www.procurementresource.com/cost-analysis/polystyrene-produ...

Polystyrene is a thermoplastic that is a synthetic, hydrophobic, and aromatic polymer. It is also known as thermocol. Polystyrene has extensive use in a variety of industries and is used to make products like appliances, electronics, automobile parts, toys, gardening pots and equipment, and more. Due to its favourable properties, easy processing, and environmentally safe production, it is usually in high demand among its application sectors.

While polystyrene production has been affected due to the pandemic, there are still some sectors that have performed comparatively well. The rising demand for packaging during the lockdown due to the COVID-19 pandemic has boosted the demand for polystyrene globally. In the segment of expanded polystyrene (EPS), the United States, Canada, Japan, China, and Europe have been estimated to grow at a healthy growth rate. In the Asia Pacific, countries like India, Australia, and South Korea are expected to witness a significant growth in the expanded polystyrene industry. However, the styrene leak in an LG Polymer plant in India in May 2020 might affect the production of polystyrene variants adversely. These factors are expected to influence the production cost of polystyrene.

Read the full production cost analysis report of Polystyrene@ https://www.procurementresource.com/production-cost-report-store/po...

The production cost report by Procurement Resource assesses the production of polystyrene via polymerisation. It is also the most common industrial method used to make polystyrene. In this method, styrene undergoes polymerisation in the presence of polybutadiene to form polystyrene.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.