The modern-day document posted via Report Ocean, titled “Extruded Polystyrene (XPS) Insulation Material Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global extruded polystyrene insulation material market was valued at $5.2 billion in 2019, and is projected to reach $7.9 billion by 2027, growing at a CAGR of 5.6% from 2020 to 2027. Extruded polystyrenes (XPS) are thermoplastic polymers manufactured through the extrusion process. These polymers are highly moisture resistant and possess superior insulation properties due to their closed cell structure. In addition, they are characterized by high compressive strength, easy installation & handling, and long-term thermal performance.
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They are suitable for use in both interior and exterior applications in cold storage installations, rail beds, transmission line power foundations, walkaways, under concrete floors, parking decks, underground utility lines, fountain foundations, and other load-bearing applications.
Increase in infrastructural development activities like construction of highways, rail networks and airports across the developing economies such as India and China is the major factor that drives the growth of the XPS insulation material market. In addition, due to rapid urbanization the demand for new residential buildings has been increased significantly. Government initiatives like “Housing for All” launched by Government of India is anticipated to fuel the demand for XPS insulation material market. In addition, governmental infrastructural development program like “Smart City Project” that includes construction of modern infrastructure facilities and residential projects to tackle the growing environmental pollution and to provide houses to the people with modern facilities is anticipated to surge the demand XPS insulation material market. Surge in demand for insulation against high temperature from the residential construction sector is expected to drive the growth of the extruded polystyrene insulation material market. Furthermore, rise in popularity of energy-efficient building systems is also anticipated to increase the demand for extruded polystyrene insulation material and is likely to drive the growth of the market during the forecast period.
However, fluctuating raw material prices and concerns due to presence of toxic chemical hinder the growth of the market. Development of XPS without the use of fluorochlorohydrocarbons is anticipated to create growth opportunities for XPS insulation material market in future.
The global extruded polystyrene insulation material market is segmented on the basis of application and region. On the basis of application, the market is be bifurcated into residential construction and non-residential construction. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Some of the major players analyzed in this report are BASF SE, Kingspan Group, Owens Corning, Emirates Extruded Polystyrene LLC, Jackon Insulation GmbH, Abriso nv, Ravago, Soprema Inc., URSA Insulation SA, and Austrotherm.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
– Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
– It outlines the current trends and future estimations of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
– The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
– The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
– The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
– By Application
– Residential Construction
– Non-residential Construction
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– By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o UK
o Germany
o France
o Turkey
o Russia
o Rest of Europe
– Asia-Pacific
o China
o Japan
o South Korea
o India
o Australia
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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