Global Expanded Polystyrene Market 2017-2021

Global Expanded Polystyrene Market 2017-2021

About Expanded Polystyrene

Expanded polystyrene is made from solid beads of polystyrene, which are thermoplastic resins produced from the emulsion polymerization of the monomer, styrene. It is a rigid transparent thermoplastic with good electrical insulating properties and physical properties. It is used in molders products, sheet materials, and foams.

Technavio’s analysts forecast the global expanded polystyrene market to grow at a CAGR of 6.27% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global expanded polystyrene market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.

The market is divided into the following segments based on geography:

• APAC
• Europe
• North America
• ROW

Technavio's report, Global Expanded Polystyrene Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Alpek
• The Dow Chemical Company
• Kaneka
• Synthos
• Total

Other prominent vendors

• ACH Foam Technologies
• BASF
• NOVA Chemicals
• SIBUR
• StyroChem
• SUNPOR KUNSTSTOFF
• Synbra Holding B.V.

Market driver

• High demand from emerging economies
• For a full, detailed list, view our report

Market challenge

• Volatility in crude oil prices
• For a full, detailed list, view our report

Market trend

• Increasing number of manufacturers in APAC
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Expanded Polystyrene Market 2017-2021

Technavio recognizes the following companies as the key players in the global expanded polystyrene market: Alpek, The Dow Chemical Company, Kaneka, Synthos, and Total.

Other Prominent Vendors in the market are: ACH Foam Technologies, BASF, NOVA Chemicals, SIBUR, StyroChem, SUNPOR KUNSTSTOFF, and Synbra Holding B.V.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing number of manufacturers in APAC. Lower supply constraints in Europe, following the establishment of new polymer foam production facilities in China, is likely to restrict the production, thereby reducing the cost of the product.”

According to the report, one of the major drivers for this market is high demand from emerging economies. The global EPS market is witnessing high growth in emerging economies, such as Brazil, China, Russia, Turkey, Indonesia, South Korea, Mexico, and India. Many OEMs, such as automotive manufacturers, are shifting their manufacturing operations to these countries due to factors such as the availability of land, cheap labor, low transportation costs, and lenient government norms.

Further, the report states that one of the major factors hindering the growth of this market is volatility in crude oil prices. The manufacturing of EPS requires raw materials, which are acquired from the oil and gas industry. The fluctuations in crude oil prices have a severe impact on the prices of the raw materials, which affect the costs of the EPS.



Companies Mentioned

Alpek, The Dow Chemical Company, Kaneka, Synthos, Total, ACH Foam Technologies, BASF, NOVA Chemicals, SIBUR, StyroChem, SUNPOR KUNSTSTOFF, and Synbra Holding B.V.