Expanded Polystyrene Market, by Product Type (White EPS, Grey EPS, and Black EPS), End-Use Industry Type (Building & Construction, Packaging, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Expanded Polystyrene Market, by Product Type (White EPS, Grey EPS, and Black EPS), End-Use Industry Type (Building & Construction, Packaging, and Others), and Region (North America, Europe...
"The gobal expanded polystyrene market is likely to witness an impressive CAGR of 5.2% during the forecast period."
Expanded Polystyrene (EPS) is a recyclable plastic material produced from solid beads of polystyrene and is majorly used in the food and construction industries. EPS is lightweight with low thermal conductivity and has excellent cushioning properties.
The growth drivers in the market of Expanded Polystyrene (EPS) consist of the growth of the building and construction industry due to the insulating properties of EPS and the packaging industry for protecting sensitive items while in transit. Despite environmental policies and new packaging products, the development of the packaging sector and energy storage construction are key drivers. The Asia-Pacific is the largest market and offers a stable growth outlook for bio-based polystyrene for uses in marine floatation and floating decks among others.
Expanded Polystyrene (EPS) Market: Snapshot
Growth
5.2% for the next five years
Major Product Type
White EPS
Dominant End-Use Industry Type
Building & Construction industry
Region with the highest demand
Asia-Pacific
Segment Analysis
Product Insights
"The white EPS segment accounted for the largest market share."
The expanded polystyrene (EPS) market is segmented as white EPS, grey EPS, and black EPS. White EPS is expected to be the largest segment during the forecast period, driven by its excellent thermal and mechanical properties, stable dimensions for end-use, non-corrosive nature, and easy recyclability.
"The building & construction industry segment accounted for the largest market share."
The market is segmented into building & construction, packaging, and others. The building & construction industry segment dominates the market, as EPS is the supreme choice for green building and provides maximum energy efficiency, improved indoor environmental quality, and enhanced durability.
Regional Trends
"The Asia-Pacific region accounted for the largest market share."
Asia-Pacific is estimated to be the largest as well as fastest-growing expanded polystyrene (EPS) market during the forecast period, driven by various government proposals for improving public infrastructure and the rising cash-intensive non-residential construction. Also, developing countries of the region have several upcoming building & construction projects.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Expanded Polystyrene (EPS) Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Expanded Polystyrene (EPS) is a recyclable plastic material produced from solid beads of polystyrene and is majorly used in the food and construction industries. EPS is lightweight with low thermal conductivity and has excellent cushioning properties.
Alpek S.A.B. de C.V, BASF SE, Flint Hills Resources, Ravago S.A, Sibur Holding PAO, Sunpor Kunststoff GmbH, Synthos S.A, Total, Versalis S.p.A, Wuxi Xingda New Foam Plastics Materials Co., Ltd are among the key players in the expanded polystyrene market.
