The US expandable polystyrene market size was valued at USD 9.5 billion in 2020 and is estimated to register a substantial CAGR of 4.8% during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for lightweight and sustainable solutions which dispense exceptional durability along with better thermal insulation.
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The increasing demand for thermal insulation in buildings and construction industry and acoustic sector in expanding economies is projected to expand the demand for high-quality polymers. Increasing construction activities of residential and commercial buildings, which can withstand extreme external environmental conditions with ease, are further anticipated to fuel the market growth over the forecast period. Expanded polystyrene is a sustainable and lightweight chemical polymer created with polystyrene beads. It has various utilities such as magnificent durability and resistance and resistant to moisture; thereby, it is used in several sectors such as construction, packaging and others. Expanded polystyrene is a by-product of polymerization of a large number of styrene monomers linked together to polystyrene. It is an unbending cellular plastic holding an expansion agent.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing urbanization, industrialization, and construction activities is expected to drive the market during the forecast period.
- The rise in the demand for commercial and residential buildings in developing economies is expected to aid polystyrene market
- It is used in the construction industries which helps in reducing energy consumption and greenhouse gas emissions and is likely to spur the market.
- Insulation offered by expanded polystyrene is crucially driving its demand in green buildings. Therefore, with the rising demand for green buildings, the market is anticipated to expand significantly in the near future.
- Factors such as rising product application in various end-use industries and increasing demand for reusable, lightweight, and chemically stable materials in automotive components, furniture, packaging solutions, are estimated to drive the market.
- Unstable prices of raw materials are expected to hinder the market growth.
- Stringent restrictions and regulations on the usage of particular polystyrene product is expected to impede the demand for expanded polystyrene.
- R&D investment and technological advancement in expandable polystyrene market are expected to offer lucrative opportunities for the market players.
Market Segment insights
The white expanded polystyrene segment is projected to constitute a large market share
Based on category, the expandable polystyrene market is segregated into white expanded polystyrene, grey expanded polystyrene, and black expanded polystyrene. The white expanded polystyrene segment is expected to account for a key share of the market during the forecast period owing to significant demand in packaging applications, like food packaging, electronics, and consumer goods packaging.
The building & construction segment is expected to register a substantial CAGR
Based on applications, the expandable polystyrene market is divided into building & construction, packaging, and others. The building and construction segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to several favorable applications of expandable polystyrene, such as excellent thermal insulation, lightness, and bacterial & pest resistance. The packaging segment is projected to grow over the forecast period due to substantial product utility in packaging applications owing to the its shock-absorbing properties that make it beneficial for the storage and transportation of products.
Compititive Landscape
Some of the key players competing in the expandable polystyrene market include StyroChem, NexKemia, Flint Hills Resources, Alpek S.A.B. de C.V., and SABIC.
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The Global Polystyrene & Expandable Polystyrene (EPS) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Application – PackagingBy Geography – Asia Pacific (APAC)Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Polystyrene & Expandable Polystyrene (EPS) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/9666-polystyrene-expandable-polystyrene-eps-market-reportThe report also covers the complete competitive landscape of the global Polystyrene & Expandable Polystyrene (EPS) market with company profiles of key players such as:S.C. Adeplast S.A.BASF SEINEOS StyrenicsKaneka CorporationNova Chemicals CorporationOwens CorningTotal Petrochemicals & Refining USA, Inc.Synthos S.A.Versalis S.p.A.Sunpor Kunststoff GmbHA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product:PolystyreneExpandable Polystyrene (EPS)By Applications:Building & ConstructionElectrical & ElectronicsPackagingOthersIncluding Plastic CutleryPlastic Model Assembly KitsPetri DishesCD CasesDisposable Razors, Etc.By Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Polystyrene & Expandable Polystyrene (EPS) Market @ https://www.decisiondatabases.com/contact/download-sample-9666The Global Polystyrene & Expandable Polystyrene (EPS) Market has been exhibited in detail in the following chapters –Chapter 1 Polystyrene & Expandable Polystyrene (EPS) Market PrefaceChapter 2 Executive SummaryChapter 3 Polystyrene & Expandable Polystyrene (EPS) Industry AnalysisChapter 4 Polystyrene & Expandable Polystyrene (EPS) Market Value Chain AnalysisChapter 5 Polystyrene & Expandable Polystyrene (EPS) Market Analysis By ProductChapter 6 Polystyrene & Expandable Polystyrene (EPS) Market Analysis By ApplicationsChapter 7 Polystyrene & Expandable Polystyrene (EPS) Market Analysis By GeographyChapter 8 Competitive Landscape Of Polystyrene & Expandable Polystyrene (EPS) CompaniesChapter 9 Company Profiles Of Polystyrene & Expandable Polystyrene (EPS) IndustryPurchase the complete Global Polystyrene & Expandable Polystyrene (EPS) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-9666Other Reports by DecisionDatabases.com:Global Expanded Polystyrene Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/66328/global-expable-polystyrene-2021-57Segment by Type, the Expandable Polystyrene market is segmented into:White Expanded PolystyreneGrey Expanded PolystyreneBlack Expanded PolystyreneSegment by Application:Building & ConstructionPackagingOthersGlobal Expandable Polystyrene Market: Regional AnalysisThe Expandable Polystyrene market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Expandable Polystyrene market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Expandable Polystyrene Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
According to Stratistics MRC, Expandable Polystyrene (EPS) Market Value is expected to reach $14,327.77 kilotons by 2027 growing at a CAGR of 6.7% during the forecast period.
Extended Polystyrene (EPS) is the nonexclusive business name utilized for white unbending material produced using the extended polystyrene dots.
It is a lightweight, inflexible, plastic froth protecting material delivered from strong globules of polystyrene.
The EPS globules are extended lastly formed into bigger EPS squares which are additionally utilized for dividers, rooftops, floors, slither spaces and structural shapes.
View complete Expandable Polystyrene (EPS) Market with Table of Content @ https://www.strategymrc.com/report/expandable-polystyrene-eps-market/toc By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing demand from the domestic front and increasing income levels.
The easy availability of low-cost labor and economical & accessible raw materials are increasing the production of EPS in the region, thereby driving foreign investments.
