Expanded Polystyrene Market

Expanded Polystyrene Market Insights

"The global 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 Market Segments' 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.

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End-Use Industry Insights

"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 Insights

"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 Players

Some of the major expanded polystyrene (EPS) manufacturers are-

• 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.

Note: The above list does not necessarily include all the top players in the market.

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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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s expanded polystyrene market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

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 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.

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 three players)
• SWOT analysis of key players (up to three players)

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 [email protected].