The global expanded polystyrene market is projected to grow from $ 15 billion in 2022 to approximately $ 19 billion by 2028. EPS is an innovative material that offers design and structural integrity to many construction projects. Anticipated growth in the global EPS market can be attributed to growing construction and packaging industries in developing countries. Additionally, EPS offers tangible environmental advantages with enhanced energy efficiency, improved quality of the indoor environment as well as enhanced durability of buildings and packaged products, which is positively impacting the growth of the market.
The global expanded polystyrenes market can be categorized into product type, end-use, and region. Based on product type, the white EPS segment is expected to be the largest contributor to the global expanded polystyrene market during the forecast period. The thermal resistance of the white matter depends on the density of the finished product. Since the white matter has a closed cellular structure containing merely stabilized air, thus, the thermal resistance of the white matter does not decline with time.
Based on the end-use industry, the market has been segmented into packaging, building & construction, automotive, consumer durables, and others, wherein the building & construction segment is anticipated to grow at the fastest rate during the forecast period, as EPS has ideal physical and mechanical properties for construction.
Regionally, the global expanded polystyrenes market is segmented into North America, South America, Europe, Asia-Pacific (APAC), and Middle-east & Africa (MEA). Among these regions, APAC is anticipated to continue its dominance in the market during the forecast period, as the region is the leading consumer and producer of EPS. Furthermore, the easy availability of low-cost labor and cost-effective and accessible raw materials are increasing the production of EPS in the region, thereby driving the regional market of the global expanded polystyrene market.
Some of the leading companies engaged in the production of expanded polystyrene (EPS) globally are Wuxi Xingda New Foam Plastics Materials Co., Ltd., Synthos S.A., BASF SE, Total S.A., Sunpor Kunststoff GmbH, The Ravago Group, Alpek, S.A.B. De C.V., Versalis S.P.A., Nova Chemicals Corporation, Flint Hills Resources, LLC, among others.
The Objective of the Study:
- To analyze and forecast the market size of the global expanded polystyrene (EPS) market.
- To forecast the global expanded polystyrene (EPS) market based on product type, end-use, and regional distribution.
- To identify drivers and challenges for the global expanded polystyrene (EPS) market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global expanded polystyrene (EPS) market.
- To conduct the pricing analysis for the global expanded polystyrene (EPS) market.
- To identify and analyze the profile of leading players involved in the manufacturing of expanded polystyrene (EPS) globally.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels, and presence of all major players operating in the global expanded polystyrene (EPS) market.
TechSci Research calculated the market size of global expanded polystyrene (EPS) using a top-down approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
- Expanded Polystyrene (EPS) manufacturers and suppliers
- Government and other regulatory bodies
- Research institutes and organizations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Product Type· End Use |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Russia, Italy, South Africa, UAE, Saudi Arabia, Qatar; Brazil, Argentina, Colombia; |
| Key companies profiled | Wuxi Xingda New Foam Plastics Materials Co., Ltd., Synthos S.A., BASF SE, Total S.A., Sunpor Kunststoff GmbH, The Ravago Group, Alpek, S.A.B. De C.V., Versalis S.P.A., Nova Chemicals Corporation, Flint Hills Resources, LLC. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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Report Scope:
In this report, the global expanded polystyrene (EPS) market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Expanded Polystyrene Market, by Product Type:
o White
o Grey
o Black
- Global Expanded Polystyrene Market, by End-Use:
o Packaging
o Building & Construction
o Automotive
o Consumer Durables
o Others
- Global Expanded Polystyrenes Market, by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Europe
- United Kingdom
- Italy
- France
- Germany
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia-Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the expanded polystyrene (EPS) market.