According to a recently published Fact.MR report, global value sales of Expanded Polystyrene reached over US$ 15 Bn in 2019, and are poised to record a significant growth through 2019. The report opines that East Asia will hold its dominance in the Expanded Polystyrene market, underlined by the persistent demand from end-use industries in the region. The presence of key manufacturers in the area includes BASF SE, Total S.A., Synthos S.A., Wuxi Xingda New Foam Plastics Materials Co., Ltd, Versalis S.P.A., and others are complementing a value sales of the Expanded Polystyrene in the region. Recycling deadlocks will coerce market players towards extending provisions on reuse.
The rising usage in several different applications across end use industries will boost the demand for Expanded Polystyrene to provide a sustainable growth rate to the global Expanded Polystyrene market. Sheathing in residential and commercial construction is the most basic and widely used application for EPS insulation. In 2018, East Asia accounted for over 40% value sales of Expanded Polystyrene market. The several schemes and government projects for urbanization in India such as “housing for all” has given a boost to the construction industry in this region. Similarly, the road and marine network from China to Italy, ‘One Belt One Road Initiative’ by China will enhance the construction activities and propel the demand of Expanded Polystyrene during the forecast period. Among other regions, Europe is expected to gain a significant market share in terms of both value, as well as volume, owing to the presence of well-developed industries. South Asia and Oceania are likely to witness strong growth as compared to other developed and developing regions.
Ceaseless Growth of the Construction Sector Driving the Need for Expanded Polystyrene
Rapid infrastructural and construction activities, fueled by the economic boom in emerging economies, is foretold to drive the expanded polystyrene market in the construction sector. Polymers have become increasingly important as an engineering material and one of the essential building blocks in the construction of engines, vehicles, household articles, and buildings. The construction industry is typically quite cautious about changing tried-and-tested methods and requires new materials to have a proven track record. The versatility of EPS allows it to be used for a huge variety of different purposes includes Snow sports helmet, Infant car seats, Air conditioning units, Seating for sports and others. Nevertheless, the benefits of expanded polystyrene are often too great to ignore and they are making a big impact in a growing number of areas.
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High Insulating Properties and Moisture Resistance have made Expanded Polystyrene a Popular Choice
The effectiveness of packaging revolves mainly around surviving the drops. Foam materials continue to pass the drop tests successfully and ensure that the goods being wrapped incur the least amount of shock, regardless of their fragility. The above features are anticipated in the usage of Expanded Polystyrene in several applications across the packaging industry. Key players in the global Expanded Polystyrene market continue to dutifully test their solutions across a range of drop heights and fragility indexes. Flexibility of Expanded Polystyrene materials has been exceptional in dissipating the impact of the fall. Meanwhile, Expanded Polystyrene materials wrapped around rugged objects with sharp corners can demonstrate low levels of impact responsiveness, and can lower the static stress immediately.
In a recent business intelligence study, FactMR presents the nitty-gritty of the global keyword market considering 2014-2018 as the historic year and 2019–2027 as the stipulated timeframe.
The expanded polystyrene (EPS) market analysis report highlights the drivers, restraints, opportunities and trends affecting market growth.
Further, the expanded polystyrene market is expected to grow at a CAGR of 4.0% over the forecast period 2019-2027.In this expanded polystyrene market forecast study, the following years are considered to project the market footprint:History Year: 2013 - 2018Estimated Year: 2027Forecast Year: 2019 – 2027Request a Sample Copy - https://www.factmr.com/connectus/sample?flag=S_id=4080After reading the expanded polystyrene market report, readers can:Understand the drivers, restraints, opportunities and trends affecting the growth of the global expanded polystyrene market.Analyze key regions holding significant share of the total expanded polystyrene market revenue.Study the growth outlook of the global expanded polystyrene market scenario, including production, consumption, history and forecast.Learn consumption pattern and impact of each end use on the expanded polystyrene market growth.Investigate the recent R projects performed by each expanded polystyrene market player.The expanded polystyrene market report covers the following regions:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)APEJ (China, India)On the basis of end-use, the expanded polystyrene market report includes:Building & ConstructionPackagingOthers (Automotive, Medical, etc.
)Prominent expanded polystyrene market players covered in the report contain:Atlas Roofing CorporationBewisynbra GroupSynthos S.A.PJSC Sibur HoldingFlint Hills Resources LLCThe behavior pattern of each player – new product launches, partnerships, and acquisitions – has been analyzed in the expanded polystyrene market report comprehensively.
In addition, the research encompasses the strengths, weaknesses, opportunities and threats of each expanded polystyrene market vendor in an in-depth manner.The expanded polystyrene market report answers important questions which include:What does the status of the expanded polystyrene market look like after the forecast period?Which region has the highest contribution to the global expanded polystyrene market and why?Which players remain at the top of the global expanded polystyrene market?What opportunities are available for the expanded polystyrene market players to expand their production footprint?Which segment has the maximum impact on the global expanded polystyrene market?Visit To buy this Report from - https://www.factmr.com/checkout/434/SWhy Opt For Fact.MR?
Various analysis methods to deliver precise market information.Digital technologies to facilitate clients with updated market solutions.Multi-disciplinary approach to provide accurate insights of different industries.Data collection from extensive primary and secondary research.Round-the-clock availability to serve clients across the world.
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The report offers a comprehensive analysis of the most profitable opportunities across the various segments in the form of revenues and volumes during the forecast period.
The report, with bull’s eye analysis, has the potential of forming the crux of the success of your organization with a focus on various parameters such as drivers, restraints, challenges, opportunities, and competitive landscape assessment.
Fact.MR projects the Expanded Polystyrene market to expand at a CAGR of 4% during 2019-2027.Request Sample Report @ https://www.factmr.com/connectus/sample?flag=S_id=4080Investment ProspectsThe study by Fact.MR strives to offer multi-dimensional assessment based on analytics derived from a wide range of primary and secondary range.
Various industry-wide tools and PESTLE methods are employed at to arrive at evaluations of investment opportunities.
The analysts at Fact.MR in particular have been active in taking a closer look at the projections of international bodies and renowned not-for-profit organizations, which include the WHO, IMF, WEF, and FAO.
