Expanded Polystyrene Market is projected to accelerate at a CAGR of 4% across the assessment period of 2021 to 2031

As per Fact.MR – a market research and competitive intelligence provider, the global expanded polystyrene (EPS) market was valued at around US$ 16 Bn in 2020, and is predicted to expand at a CAGR of 5% over the 2021-2031 forecast period.

Expanded polystyrene is a lightweight chemical polymer manufactured by using polystyrene beads. This polymer is versatile in nature, provides excellent resistance and durability, and is an effective moisture-resisting polymer.

Expanded polystyrene is an insulation material found in a multitude of shapes and sizes. Expanded polystyrene is a result of the polymerization of a large number of styrene monomers linked together to polystyrene. It is a rigid cellular plastic that also contains an expansion agent.

Rising usage in several different applications across end-use industries such as construction, packaging, etc., will boost demand and provide sustainable growth to the global EPS market.

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Expanded Polystyrene- Scope of Report:

A latest publication by Fact.MR on the global Expanded Polystyrene evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2021-2031.

Important indicators for the successful growth of the Expanded Polystyrene are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

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The research is beneficial for shareholders in Pulse Oximeters, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Market Competition

Majority of market players are engaged in the expansion of manufacturing facilities, mergers & acquisitions, and vertically integrating across the value chain.

These initiatives enable companies to cater to increasing global demand, ensure competitive effectiveness, enhance sales & operations planning, develop innovative products & technologies, lower production costs, and expand their customer base.

• In November 2019, BEWiSynbra Group, one of Europe’s leading integrated producers of expandable polystyrene, and HIRSCH Servo Group, reported that they agreed to purchase six EPS insulation manufacturing sites in France, as well as 49.9% of the shares in the French company Isossol SAS, from Placoplatre SA, a subsidiary of Saint-Gobain. The acquisitions are made through HIRSCH France SAS, a newly established French company that is owned 66% by HIRSCH and 34% by BEWiSynbra.

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Report benefits & key questions answered

• Post covid consumer spending on Pulse Oximeters: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
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Expanded Polystyrene Segmentations:

• Product

  • White Expanded Polystyrene
  • Grey Expanded Polystyrene
  • Black Expanded Polystyrene

• Application

  • Expanded Polystyrene For Construction
  • Expanded Polystyrene For Packaging
  • Expanded Polystyrene For Automotive

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