Expanded Polystyrene Market Expected to Show a Significant Growth During the Forecast Period 2022 – 2028

Posted on 2022-08-05 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Aug 05, 2022 — /EPR Network/ —

Expanded Polystyrene Industry Overview

The global expanded polystyrene market size was valued at USD 9.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028.

Increasing demand for sustainable and lightweight solutions that provide extreme durability coupled with improved thermal insulation is projected to boost the growth of the market over the forecast period. The rising demand for acoustic and thermal insulation in the building & construction industry in developing economies including China and India is expected to increase the demand for high-quality polymers. Furthermore, rising construction activities of durable commercial and residential buildings, which can easily withstand extreme external environmental factors are expected to propel the market growth over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Expanded Polystyrene market

Expanded polystyrene (EPS) is used in the construction industry to reduce energy consumption and Greenhouse Gas (GHG) emissions. In recent years, green buildings have been gaining more popularity over conventional ones. Green building offers advantages including improved air quality, reduction in operating expenditure, reduction in overall load on metal frames, and efficient use of energy & water as compared to conventional buildings.

Excellent insulation offered by EPS is significantly boosting its demand in green buildings. Thus, with the rising demand for green buildings, the market for EPS is also expected to witness substantial growth over the forecast period.

Expanded polystyrene is lightweight, strong, and recyclable. The market is expected to grow owing to the increasing product application scope in various end-use sectors. Rising demand for lightweight, reusable, chemically stable materials in automotive components, packaging solutions, and furniture are projected to propel the market growth.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

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Expanded Polystyrene Market Segmentation

Grand View Research has segmented the global expanded polystyrene market on the basis of product, application, and region:

EPS Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
- White
- Grey
EPS Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
- Construction
- Packaging
- Automotive
- Others
EPS Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
- North America
- Europe
- Asia Pacific
- Central and South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Expanded Polystyrene market include

BASF SE
Kaneka Corp.
Total
NOVA Chemicals Corporate
Ravago
SABIC

Order a free sample PDF of the Expanded Polystyrene Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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