Global Expanded Polystyrene Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
"Global Expanded Polystyrene Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global expanded polystyrene market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global expanded polystyrene market report has been segmented on the basis of product type, end-use industry, and region.
Expanded polystyrene (EPS) is a rigid and tough cellular plastic, found in multitude of shapes and is used for various applications such as fish boxes, packaging for electrical consumer goods and for insulation panels for building. It is lightweight, strong, recyclable, non-toxic, with good thermal resistance and high impact resistance. It is commonly used as insulation for walls, foundations, and roofing, which provides sustainability, chemical inertness, and energy efficiency.
Growing construction and infrastructure industry in developing countries, is a key factor expected to drive growth of the global expanded polystyrene market over the forecast period. Rising demand for convenience food and protective food packaging in developing economies, is another factor anticipated to propel growth of the target market over the forecast period. In addition, growing demand for thermal insulation to reduce energy consumption, is a dynamic factor expected to fuel growth of the target market over the forecast period. Moreover, increasing demand for lightweight polymer in automotive industry, which in turn increases demand for expanded polystyrene, is expected to further support growth of the target market over the forecast period.
However, fluctuation in crude oil prices, is a major factor expected to restrain revenue growth of expanded polystyrene market over the forecast period. In addition, availability of high performance substitutes, is another factor expected to hinder growth of the target market during the forecast period.
Recycling of expanded polystyrene product, is anticipated to create a lucrative opportunity for driving growth of the global expanded polystyrene market over the forecast period.
Analysis by Segment:
On the basis of product type, the white EPS segment is accounted for significant share in the global expanded polystyrene market. The growth of the segment is attributed to thermal resistance of the product. On the basis of end-use industry, the building & construction segment is expected to register a significant growth rate over the next coming years. Expanded polystyrene in building & construction is used for its physical and mechanical properties, making it an excellent designing element for green building.
Analysis by Region:
The market in the Asia Pacific accounted for major revenue share contribution in the global expanded polystyrene market and is expected to maintain its dominance over the forecast period. The growth of expanded polystyrene market in the region is attributed to rapid industrialization coupled with growing packaging and infrastructural sectors. Increasing production of automobiles in countries such as China, India, South Korea, and Indonesia in the region is expected to support revenue growth of Asia Pacific expanded polystyrene market. The North America expanded polystyrene market is expected to register significant growth rate to the global expanded polystyrene market over the forecast period, followed by markets in Europe, Middle East & Africa, and Latin America respectively.
Segmentation on The Basis of Product Type:
- White EPS
- Grey EPS
- Black EPS
Segmentation on The Basis of End-use Industry:
- Building & Construction
- Others (Automotive, Medical, Marine, and Sports & Leisure)
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Wuxi Xingda New Foam Plastics Materials Co., Ltd.
- Synthos S.A.
- BASF SE
- Total S.A.
- Sunpor Kunststoff GmbH
- Ravago SA
- Alpek S.A.B. de C.V.
- Versalis S.p.A.
- Flint Hills Resources
- Saudi Basic Industries Corporation
- NOVA Chemicals Corporation
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