Global Expanded Polystyrene (EPS) Market Size Study & Forecast, by Product (White, Grey), by Application (Construction, Packaging, Automotive), and Regional Forecasts 2025–2035

The Global Expanded Polystyrene (EPS) Market is valued at approximately USD 12 billion in 2024 and is anticipated to expand at a robust compound annual growth rate (CAGR) of 8.59% over the forecast period 2025 to 2035. EPS, a lightweight, rigid, and closed-cell insulation material, is widely recognized for its superior cushioning, thermal insulation, and shock absorption properties. Its low cost, excellent durability, and versatility across multiple sectors have pushed its adoption to the forefront of industrial packaging and sustainable construction practices. As global economic activity accelerates, particularly in the areas of infrastructure development and e-commerce, the demand for EPS has gained significant momentum.

The construction industry, in particular, has emerged as a vital catalyst in accelerating the demand for EPS products. From insulating panels and structural walls to flooring systems and geofoam applications, EPS continues to dominate as a preferred material in green building initiatives, thanks to its high insulation value and recyclability. Simultaneously, the packaging sector has embraced EPS as a reliable solution for safeguarding fragile products and temperature-sensitive goods during transportation. This surge in demand has been further bolstered by the automotive industry, where EPS is increasingly deployed in crash pads, door panels, and lightweight interior components due to its energy-absorbing properties and weight-reduction benefits.

From a regional perspective, North America currently commands a substantial portion of the global EPS market, thanks to mature construction regulations, a growing inclination toward sustainable materials, and the presence of industry-leading insulation and packaging firms. Europe follows closely, driven by stringent energy efficiency mandates and the rapid adoption of green building materials. However, the Asia Pacific region is poised for the fastest growth, owing to rapid urbanization, burgeoning population, and increasing industrial activities in key economies such as China, India, and Southeast Asia. The region’s booming real estate and packaging sectors, coupled with favorable government initiatives promoting energy-efficient infrastructure, are significantly enhancing the outlook for EPS adoption. Meanwhile, regions such as Latin America and the Middle East & Africa are gradually catching up as public and private investments in infrastructure and logistics continue to scale up.

Major market players included in this report are:
• BASF SE
• Kaneka Corporation
• Versalis S.p.A.
• BEWiSynbra Group
• Synthos S.A.
• SABIC
• SUNPOR Kunststoff GmbH
• Alpek S.A.B. de C.V.
• TotalEnergies SE
• Nova Chemicals Corporation
• Unipol Holland BV
• Jiangsu Leasty Chemical Co., Ltd.
• Ming Dih Group
• Supreme Petrochem Ltd.
• Wuxi Xingda Group

Global Expanded Polystyrene (EPS) Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast Period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Product:
• White
• Grey

By Application:
• Construction
• Packaging
• Automotive

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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