According to Our latest research report on “Extruded Polystyrene (XPS) Insulation Material Market” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
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. 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.
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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.
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.
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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
– 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
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
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