Polystyrene Foam Manufacturing in the US
Demand for polystyrene foam from key buying industries, such as downstream manufacturers, food service companies and the construction sector, has risen; however, the prices of key raw materials, such as plastic resin, have fallen over the same period. Consequently, operators passed on these savings to downstream customers in the form of lower product prices. Over the five years to 2023. IBISWorld expects the industry to grow at an annualized rate of 1.5% to $10.3 billion over the period. As input prices are projected to rise over the next five years, industry operators are expected to pass on those costs to downstream buyers in the form of higher prices.
This industry produces a wide range of polystyrene foam products that include the following: expanded polystyrene (EPS) for food containers and cups; foam ice chests and other packaging; and insulation goods. The industry’s products are used by a wide range of downstream industries in the construction, manufacturing and hospitality sectors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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