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    Extruded Polystyrene Market Growth & Forecast Analysis | 2022-2028

    Extruded Polystyrene Market Growth & Forecast Analysis | 2022-2028
    Report code - SRAM396 Delivery - 2 Weeks
    Extruded Polystyrene Market Size, Share, Trends, Dynamics, Growth, & Forecast Ana See more...

    Market Insights

    The extruded polystyrene market was estimated at USD 5.9 billion in 2021 and is likely to grow at a CAGR of 4.01% during 2022-2028 to reach USD 7.79 billion in 2028.


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    Major factors contributing to the growth of the market are increasing construction activities around the globe and the use of extruded polystyrene (XPS) in emerging countries.

    What is extruded polystyrene?

    Extruded polystyrene or XPS, majorly used as a thermal insulator is a rigid foam manufactured from polystyrene extrusions, in the presence of foaming gas. Produced on extruding machines, this hard foam is a closed-cell foam material that offers distinguished properties aiding in moisture management and resisting both water absorption and freeze cycles.

    Extruded polystyrene is used in various applications such as foundations, walls, roofs, and floor & ceiling for various end-use industries, such as residential and commercial. Increasing demand for construction activities due to growth in the residential and commercial infrastructure is likely to be the prime factor augmenting the growth of the market.

    Extruded Polystyrene Market Highlights

    Market Size in 2021

    USD 5.9 billion

    Market Size in 2028

    USD 7.79 billion

    Market Growth (2022-2028)

    4.01% CAGR

    Base Year of Study


    Trend Period


    Forecast Period


    Segments Covered

    By Application Type (Foundation, Roof, Wall, Floor & Ceiling, and Others),

    By End-Use Industry Type (Residential, Commercial, and Others),

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World).

    Segments Analysis

    By Application Type

    Based on the application type, the market is segmented as a foundation, wall, roof, floor & ceiling, and others. In terms of value, the foundation is estimated to be the largest as well as the fastest-growing segment of the market. The energy lost through parts of a building such as walls or roofs accounts for a lower percentage as compared to the energy lost through the building’s foundation. As a result, the foundation requires heavy insulation for the prevention of energy losses and penetration of moisture into the foundation. Along with saving energy used for heating/cooling, XPS also strengthens the overall infrastructure because of its favorable properties such as high compressive strength and moisture resistance.

    By End-Use Industry Type

    Based on the end-use industry type, the market is segmented as residential, commercial, and others. The residential segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. An increase in demand for residential infrastructure development in emerging countries, as XPS principally improves the insulation of buildings, is driving the growth of this segment.

    Regional Insights

    In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period. Increasing government and private sector investments in infrastructure development are likely to boost the construction market in countries such as India and China, creating lucrative growth opportunities. The growth of the market is also fueled by rapid urbanization in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.



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    Market Scope & Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories. 

    By Application Type

    • Foundation
    • Wall
    • Roof
    • Floor & Ceiling
    • Others

    By End-Use Industry Type

    • Residential
    • Commercial
    • Other

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)


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    Key Players

    Some of the major extruded polystyrene manufacturers are-

    • BASF SE
    • Synthos S.A.
    • DuPont de Nemours Inc.
    • Saint-Gobain Isover SA
    • Knauf Gips KG
    • Owens Corning Inc.
    • TechnoNicol Corporation
    • Austrotherm GmbH
    • Ursa Insulation SA
    • Penoplex SPB LLC
    • Ravago Group
    • Loyal Group.

    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 1,000 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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Extruded Polystyrene 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?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types and by end-use industry type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The market was estimated at USD 5.9 billion in 2021.

    The market is likely to reach USD 7.79 billion in 2028.

    The market is expected to witness an impressive growth of 4.01% CAGR in the foreseeable future.

    Asia-Pacific is expected to remain the largest market during the next five years.

    BASF SE, Synthos S.A., DuPont de Nemours Inc., Saint-Gobain Isover SA, Knauf Gips KG, Owens Corning Inc., TechnoNicol Corporation, Austrotherm GmbH, Ursa Insulation SA, Penoplex SPB LLC, Ravago Group, and Loyal Group are among the key players in the market.

    The residential segment is expected to remain the dominant end-use industry in the market in the coming years.

    Major factors contributing to the growth of the market are increasing construction activities around the globe and the use of extruded polystyrene (XPS) in emerging countries.


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