The major trend driving the expanded polystyrene (EPS) market is the huge demand from the building and construction sector, which finds its usefulness in a myriad of applications such as floor insulation, insulation foam for closed cavity walls, and roofs.
Expanded Polystyrene (EPS) is one of the multipurpose polymers available for a variety of applications. EPS has found numerous application areas across a wide range of industries due to its light weight, rigidity, and thermal and acoustic insulating properties. EPS has low thermal conductivity, shock and sound absorbing characteristics, and moisture resistant properties.
Europe expanded polystyrene (EPS) market is currently valued at USD XX billion in 2015 and is expected to reach USD XX billion by 2020 showing a compound annual growth rate of XX%. Germany currently dominates the European market for EPS. The growing activities across the constructions and packaging industries is expected to drive the European EPS market.
Our current data shows that Germany dominated the Europe EPS market, bestowing XX% of the total revenue in 2015. Expanded polystyrene are used in an increasing number of markets – from Packaging, Building & Construction to number of other segments.
The building & construction industry holds the largest share of EPS market. Downstream demand from the building & construction industry, and packaging applications will boost the demand and revenue for EPS manufacturers till the end of 2018.
Huge investments in research and development (R&D), followed by new product launches by key industry players for expanded polystyrene market in 2015. More than 100 companies around the world today are manufacturing EPS and this number is expected to increase to more than 200 within the next five years, while there are more than 1,000 companies and institutions that are actively engaged in R&D. In addition, the report looked at industry leaders in the value chain and potential applications that are under development and are likely to enter the market in the next five years.
Rising continuous rise of environmental concerns has resulted in a new legislation that threatens EPS manufacturers, and the rising raw material costs may dampen the overall growth during the period.
What the report contains
The report elucidates the situation of expanded polystyrene around the world and studies the markets of the expanded polystyrene type which include Foams, Composites, Expanded Polystyrene, Fibers, Films & Sheets and others. The study clarifies that the foams currently dominate the expanded polystyrene market and are expected to dominate in the future also.
Lastly, the report is divided by countries - Germany, United Kingdom, Italy, France and rest of Europe; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of expanded polystyrene have been discussed in detail in addition to a comprehensive overview of the market.