According to Our latest research report on “Expanded Polystyrene 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 expanded polystyrene market was valued at $15.3 billion in 2018 and is projected to reach $22.8 billion by 2026, growing at a CAGR of 5.1% from 2019 to 2026. Expanded polystyrene (EPS) is a rigid and light weight insulation material. It has closed cell structure that offers several advantages for insulation. The material offers various properties such as shock absorption, resistance to humidity, resistance to compression, retention to vitamin C, hygienic, and resistance to chemicals. It has applications in packaging, automotive, furnishing, and construction industries. The material is used for packaging purposes in food & beverage and electronic markets.
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Expanded polystyrene market is impacted by its applications in various industries. The properties such as thermal insulation, versatility, mechanical resistance, and slow ageing make them suitable as construction material or for large structures such as roads, bridges, railway lines, public buildings, or even small residences. The wide use of EPS in the construction industry acts as a driving factor for expanded polystyrene market growth. Furthermore, it is preferred for packaging due to its low weight. Moreover, retention of vitamin C also makes it ideal for packaging fruit and vegetables.
These applications in packaging industry are expected to drive the market growth. However, volatility of crude oil prices highly impacts the market growth acting as restraining factor. In addition, availability of high-performance substitutes is also expected to restrain the market growth. Meanwhile, the properties of expanded polystyrene such as recyclability and bio-degradability are anticipated to provide lucrative opportunity for the market growth.
The global expanded polystyrene market is divided on the basis of product type, end-use industry, and region. Based on product type, the market is divided into white, grey, and black. By end-user industry, it is segmented into packaging, building & construction, domestic appliances, consumer electronics, medical, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the expandable polystyrene industry are Alpek, S.A.B. de C.V., Arkema S.A., BASF SE, Evonik Industries AG, Kaneka Corporation, LG Corporation, NOVA Chemical Corporation, SABIC, Styrochem, and TOTAL S.A.
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KEY BENEFITS FOR STAKEHOLDERS
– The Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
– It outlines the current expanded polystyrene market trends and future scenario of the market size from 2018 to 2026to understand the prevailing opportunities and potential investment pockets.
– Major countries in the region have been mapped according to their individual revenue contribution in the expanded polystyrene market analysis at the regional and country-level market.
– The key drivers, restraints, and expanded polystyrene market opportunities and their detailed impact analyses 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 Product Type
– White
– Grey
– Black
By End user Industry
– Packaging
– Domestic Appliances
– Consumer Electronics
– Building & Construction
– Medical
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o Italy
o UK
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o South Korea
o Malaysia
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
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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- Regional data helps to understand market dynamics at a local level.
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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?
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- What are the regional or geographic trends and variations within the market?
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