Polystyrene is a versatile plastic with good electrical properties, moldability, and transparency. It exists as a homopolymer and in copolymers like HIPS and ABS. It is manufactured through mass, solution, or suspension polymerization of styrene monomer derived from ethylbenzene. Polystyrene has applications in household goods, electronics, medical devices, packaging, and construction due to its low cost, rigidity, and resistance to water absorption. It can be processed through injection molding, extrusion, and thermoforming.