Expanded Polystyrene Market by Product Type (White, Grey, Black), Application (Building & Construction, Packaging), and Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022
“The expanded polystyrene market is expected to grow at a CAGR of 5.1% from 2017 to 2022”
The expanded polystyrene market is projected to reach USD 18.97 billion by 2022, at a CAGR of 5.1% from 2017 to 2022. The market is mainly driven by the growing construction and packaging industries in emerging countries. However, volatility of crude oil prices and availability of high-performance substitutes may restrain the growth of the market.
“White expanded polystyrene is a major product type driving the expanded polystyrene market”
White expanded polystyrene is rigid and closed-cell foam plastic. It has persistent thermal properties, stable dimensions for varied end use, excellent mechanical properties, and recyclable and non-corrosive characteristics. It is a common practice to insulate buildings using typical white expanded polystyrene.
White expanded polystyrene is an excellent material in packaging and construction applications, since it is a light yet rigid foam with good thermal insulation and high impact resistance. Owing to the growing environmental concerns, white expanded polystyrene packaging products are being preferred, as white expanded polystyrene is eco-friendly and lightweight. Furthermore, it insulates better, keeps food fresher longer, and costs less.
“Rising demand in the Middle East & Africa is a major driver for the expanded polystyrene market“
The Middle East & Africa is expected to witness moderate significant growth in the coming years. Transportation, power, construction, and infrastructure are expected to emerge as the key sectors in the region. Several leading global players have established their manufacturing plants in the Middle East & Africa to cater to the growing demand in this region.
Breakup of primary interviews:
• By Company Type - Tier 1 – 42%, Tier 2 – 25%, and Tier 3 – 33%
• By Designation - C level – 36%, D level – 19%, and Others – 45%
• By Region - Europe – 42%, North America – 25%, Asia-Pacific – 17%, South America – 8%, and the Middle East & Africa – 8%
Key companies profiled in this report include ACH Foam Technologies, LLC (U.S.), Alpek SAB de CV (Mexico), BASF SE (Germany), Kaneka Corporation (Japan), PJSC SIBUR Holding (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), SUNPOR KUNSTSTOFF GmbH (Austria), Synbra Holding bv (Netherlands), Synthos S.A. (Poland), and Total S.A. (France).
The expanded polystyrene market report covers different segmentations, which include market by product type (white, grey, black), application (building & construction, packaging, and others). The product type and application segments are further analyzed by each country across regions.
Reasons to buy the Report
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the expanded polystyrene market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on expanded polystyrene offered by the top players in the global expanded polystyrene market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the expanded polystyrene market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for expanded polystyrene across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global expanded polystyrene market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global expanded polystyrene market
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