Global Expanded Polystyrene Market, By Product Type (EPS Manufacturing Process, White Expanded Polystyrene, Grey Expanded Polystyrene, Black Expanded and Polystyrene), Application (Insulation, Packaging, Foaming, Component Manufacturing and Chemical Intermediate), End Use (Building and Construction, Packaging, Electrical and Electronics, Food and Beverages and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Expanded Polystyrene Market
Rising urbanization and industrialization especially in the developing economies will propel rise in the demand for expanded polystyrene. Data Bridge Market Research analyses that the expanded polystyrene market will witness a CAGR of 5.0% for the forecast period of 2021-2028.
Expanded polystyrene is a lightweight chemical polymer manufactured by using polystyrene beads. Expanded polystyrene is versatile in nature, provides excellent resistance and durability, and is effective moisture resisting polymers. This is why they are used in a range of applications like construction activities, packaging operations among others. Expanded polystyrene is an insulation material found in a multitude of shapes and sizes. Expanded polystyrene is a result of the polymerization of a large number of styrene monomers linked together to polystyrene. Expanded polystyrene is a rigid cellular plastic that also contains an expansion agent.
Rising urbanization, industrialization and construction activities will boost up the demand for expanded polystyrene. The upsurge in the demand for durable residential and commercial buildings will further foster market growth especially in developing economies. Rising demand from other end-user verticals like the automotive and packaging industry will in turn boost up the expanded polystyrene market value. The rising demand for sustainable and lightweight solutions showing excellent thermal insulation has propelled growth in the demand for expanded polystyrene.
Fluctuations in the prices of raw materials will negatively impact the manufacturing process. A negative impact of the manufacturing process will create hindrances in the way of expanded polystyrene market growth. Thus, the availability of alternative solutions and materials, as a result, will pose a great level of challenge to the growth of expanded polystyrene market. Stringent regulations on the usage of specific products will further derail the market growth rate.
This expanded polystyrene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on expanded polystyrene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Expanded Polystyrene Market Scope and Market Size
The expanded polystyrene market is segmented on the basis of product type, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the expanded polystyrene market is segmented into EPS manufacturing process, white expanded polystyrene, grey expanded polystyrene, black expanded and polystyrene.
- On the basis of application, the expanded polystyrene market is segmented into insulation, packaging, foaming, component manufacturing and chemical intermediate.
- On the basis of end use, the expanded polystyrene market is segmented into building and construction, packaging, electrical and electronics, food and beverages and others.
Global Expanded Polystyrene Market Country Level Analysis
The expanded polystyrene market is analysed and market size, volume information is provided by country, product type, application and end use as referenced above.
The countries covered in the expanded polystyrene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the expanded polystyrene market in terms of market share, market revenue and production volume. The region will continue to flourish its dominance during the forecast period. This is because of the growing building and construction activities across countries in this region. Growth and expansion of automobile industry especially in the developing countries will further propel the expanded polystyrene market growth. Rising demand for expanded polystyrene from various end user verticals such as packaging industry will further create lucrative market growth opportunities. Easy availability of low cost labour and abundant raw materials will further grab many eyeballs of the manufacturers.
The country section of the expanded polystyrene market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Expanded Polystyrene Market Share Analysis
The expanded polystyrene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to expand polystyrene market.
The major players covered in the expanded polystyrene market report are BASF SE, Synthos., KANEKA CORPORATION, Total, NOVA Chemicals Corporate., Ravago, SABIC, ePS Designs, Alpek S.A.B. de C.V, Versalis S.p.A., Flint Hills Resources., Atlas Roofing Corporation, BEWiSynbra Group, Brødr. Sunde as, NexKemia, B.V., Arkema, Evonik Industries AG, Polyone and Asahi Kasei Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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