The Report "Extruded Polystyrene Market by Application (Foundation, Roof, Wall, Floor & Ceiling), End-use Industry (Residential, Commercial), and Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) - Global Forecast to 2028", size was USD 5.6 billion in 2023 to USD 6.9 billion by 2028, at a CAGR of 4.3% from 2023 to 2028.
Browse 287 market data Tables and 53 Figures spread through 244 Pages and in-depth TOC on "Extruded Polystyrene Market by Application (Foundation, Roof, Wall, Floor & Ceiling), End-use Industry (Residential, Commercial), and Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) - Global Forecast to 2028"
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Extruded polystyrene is a renowned rigid foam insulation in the building and construction industry. Extruded polystyrene is well-known for having excellent thermal insulation qualities, moisture resistance, and compressive strength. As a result, it is used for a variety of purposes, such as foundation, wall, and roof insulation. Extruded polystyrene is in high demand due to rising urban living standards and a greater emphasis on sustainable construction techniques. Extruded polystyrene is used in various industries such as residential, commercial, and others (roads, highways, railways, and runways).
“Foundation segment is estimated to be the largest application in extruded polystyrene market in 2022, in terms of value.”
The extruded polystyrene market is projected to be experiencing significant growth in the forecasted period. The foundation segment is estimated to be the fastest-growing segment in the extruded polystyrene market due to its exceptional compressive strength, moisture resistance, and thermal insulation qualities. As sustainability becomes a key component of both consumer preferences and business goals, the foundation segment is anticipated to maintain its growth trajectory. The significance of extruded polystyrene in the foundation market is anticipated to endure and increase if the construction sector emphasizes eco-friendly and energy-efficient building solutions.
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“Residential segment is estimated to be the fastest-growing end-use industry for extruded polystyrene market during the forecast period 2023 to 2028.”
The residential segment is estimated to be the largest application in the extruded polystyrene market in the forecasted year due to several factors. The dominance of the residential segment in the extruded polystyrene market is driven by a combination of increased consumer demand, environmental sustainability, and other factors. Extruded polystyrene insulation is frequently utilized in residential buildings to help minimize heat loss and maintain appropriate indoor temperatures. Furthermore, the expanding global population and rapid urbanization trends are vital factors propelling the growth of the extruded polystyrene market.
“Europe was the largest region for the extruded polystyrene market in 2022, in terms of value.”
The European region's prominence as the largest market for extruded polystyrene can be attributed to a convergence of economic, industrial, and cultural factors. The market dominance of Europe in the extruded polystyrene market can be attributed to the existence of key players who have made a solid regional footprint. These players, with their vast R&D departments, strong distribution networks, and strategic collaborations, have been essential in propelling the adoption of extruded polystyrene. This combination of economic growth, industrial competence, and consumer preferences has firmly established Europe as the largest market for extruded polystyrene.
Key Players
The key market players identified in the report are Kingspan Group PLC (Ireland), Owens Corning (US), BASF SE (Germany), Synthos S.A. (Poland), Ravago S.A. (Belgium), Saint-Gobain (France), Dupont de Nemours, Inc. (US), Dow Inc. (US), Kaneka Corporation (Japan), and Supreme Petrochem Ltd. (India).
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Kingspan Group PLC
Kingspan Group PLC is a multinational company known for its diverse range of products. The company has a strong presence in the extruded polystyrene market. The company serves various end-use industries such as residential, commercial, and others. The company is renowned for its creativity and commitment to research and development. For instance, in January 2021, Kingspan Group PLC launched GreenGuard XPS LG to assist customers in meeting their sustainability objectives in the construction industry with a lower GWP impact. The company's growth is accelerated through this product launch, which also adds complementary technology to reinforce its leadership position and develop infinite possibilities in the extruded polystyrene market.
Owens Corning
Owens Corning is a key player in the extruded polystyrene market, known for producing and supplying extruded polystyrene materials for various uses. One of the top manufacturers of extruded polystyrene, Owens Corning, the company’s commitment to innovation, sustainability, and product quality positions them as a leading contributor to the extruded polystyrene market's growth and development. The company is focused on expanding its extruded polystyrene segment to satisfy consumer demand. For instance, in February 2023, Owens Corning expanded its presence in Arkansas with a new 150,000-square-foot facility in Russellville, creating 50 new jobs over two years. The expansion will help the company capture a major market share.
This report focuses on Energy Efficient Material volume and value at global level, regional level and company level.
From a global perspective, this report represents overall Energy Efficient Material market size by analyzing historical data and future prospect.
Regionally, this report focuses on several key regions: North America, Europe, China and Japan.The global Energy Efficient Material market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-energy-efficient-material-2019-720The following manufacturers are covered:Cornerstone Industrial Mineral CorporationPPG IndustriesSaint-GobainAustralian PerliteWorld MineralsLoyal GroupIneos GroupAsahi Fiber GlassAmeron InternationalChina FiberglassSegment by RegionsNorth AmericaEuropeChinaJapanSegment by TypePolyisocyanurateExtruded PolystyreneExpanded PolystyreneFiberglassCelluloseMineral WoolOthersSegment by ApplicationCommercial BuildingIndustrial BuildingCivil BuildingResidenceGet the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-energy-efficient-material-2019-720Table of contentExecutive Summary1 Energy Efficient Material Market Overview1.1 Product Overview and Scope of Energy Efficient Material1.2 Energy Efficient Material Segment by Type1.2.1 Global Energy Efficient Material Production Growth Rate Comparison by Type (2014–2025)1.2.2 Polyisocyanurate1.2.3 Extruded Polystyrene1.2.4 Expanded Polystyrene1.2.5 Fiberglass1.2.6 Cellulose1.2.7 Mineral Wool1.2.8 Others1.3 Energy Efficient Material Segment by Application1.3.1 Energy Efficient Material Consumption Comparison by Application (2014–2025)1.3.2 Commercial Building1.3.3 Industrial Building1.3.4 Civil Building1.3.5 Residence1.3 Global Energy Efficient Material Market by Region1.3.1 Global Energy Efficient Material Market Size Region1.3.2 North America Status and Prospect (2014–2025)1.3.3 Europe Status and Prospect (2014–2025)1.3.4 China Status and Prospect (2014–2025)1.3.5 Japan Status and Prospect (2014–2025)1.3.6 Southeast Asia Status and Prospect (2014–2025)1.3.7 India Status and Prospect (2014–2025)1.4 Global Energy Efficient Material Market Size1.4.1 Global Energy Efficient Material Revenue (2014–2025)1.4.2 Global Energy Efficient Material Production (2014–2025)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
