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Growth Prospects: Specialty Polystyrene Resin (SPR) Market Predicted to Exceed US$ 195 Million by 2034

The global specialty polystyrene resin market value is expected to rise from US$ 135 million in 2024 to US$ 195 million by 2034. This estimated growth is expected to be driven by a consistent CAGR of 3.70% in the specialty polystyrene resin industry over the next decade.
Surging demand for ready-to-cook and packaged food products in the packaging industry is creating the demand for specialty polystyrene resins. Inflating purchasing power and increasing demand for hygienic and packaged food are some common factors that are raising the sales of specialty polystyrene resins.
The versatility and durability of specialty polystyrene resins make them useful in applications like safe packaging and food service. Further, there is a substantial surge in the demand in the healthcare market for specialty polystyrene resin owing to a spike in demand for medical laboratories, medical devices, pharmaceutical products, and packaging of essential medicines owing to population growth.
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