Global Extruded Polystyrene Market, 2024-2030

Extruded polystyrene (XPS) insulation material provides exceptional long-term strength, durability, and resistance to moisture. The efficiency of an insulation XPS system depends on its thickness and installation. It is commonly used for below-grade waterproofing and roof systems, where insulation is placed over the roof membrane. Extruded polystyrene made from polystyrene. XPS is most commonly used as foam board insulation.

Extruded polystyrene (XPS) is also a thermoplastic polymer. Extruded polystyrene has a closed cell structure and is often stronger, with a higher mechanical performance. XPS has found widely used in the construction industry for improving building resistance to withstand adverse climatic changes and allows its occupants to have a comfortable environment. The concept of green building concentrates mainly on increasing the energy efficiency of the building and minimizing the wastage associated with the use of energy, water, and materials. Extruded insulation material is a crucial part of green building because it is a key to reduction of the energy usage of a structure.

The global extruded polystyrene market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global extruded polystyrene market is growing at a fast pace and increasing its geographical footprint rapidly. The global extruded polystyrene market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to expansion of construction industry. The major growth driver for extruded polystyrene market is the property such as excellent flexibility, compatibility, thermal efficiency, lightweight, and high strength. Also rise in urbanization as population increases. The others factors are the purchasing power of people, rise in per capital income, demanding the extruded polystyrene globally.

The high cost of extruded polystyrene as compared to its substitute is the major impediments to the expansion of global extruded polystyrene market.

Extruded polystyrene enjoys wide usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and South America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of extruded polystyrene market globally. The companies that lead global market are BASF SE, Kingspan Group, Owens Corning, EMIRATES EXTRUDED POLYSTYRENE L.L.C., JACKON Insulation GmbH, Abriso nv, Ravago, and Soprema Inc.

Research Methodology

The research process includes the market segmentation of the global extruded polystyrene market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global extruded polystyrene market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global extruded polystyrene industry dynamics
• Estimation of the present global extruded polystyrene market size in terms of value and volume
• Global extruded polystyrene market breakup based on type and application
• Verified global extruded polystyrene market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global extruded polystyrene industry value chain.