Global Plastics Summit: No respite in sight for polystyrene

If current estimates hold true, it doesn't look like polystyrene (PS) will have much of a comeback story anytime soon.

PS is estimated to have below GDP growth globally for the next five years.

"There's no shale gas benefit for benzene - no feedstock advantage," said Priya Ravindranath, principal analyst for IHS at the Global Plastics Summit. "There's no respite for polystyrene, at least in the near future."

The overall global demand for polystyrene has declined by 6% from the time period 2003-2013. While the demand for PS continues to see a steady decline, the prices, driven by benzene, is increasing.

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