Global Expanded Polystyrene (EPS) Market: Overview

Expanded Polystyrene is a light weight polymer that provides excellent chemical barrier protection and moistures resistance. The packaging application accounts for the highest share in the global expanded polystyrene (EPS) market. The market is anticipated to grow substantially during the forecast period owing to a growing packaging industry in the developed economies. Additionally, recent technological advancements and product developments have provided a major thrust to the market’s growth.

Global Expanded Polystyrene (EPS) Market: Notable Developments

Below is a new development that may aid the growth of the global expanded polystyrene (EPS) market:

ReFoam has developed a new oxo-biodegradable and recyclable expanded polystyrene (EPS) product. It offers the benefits of the conventional along with environmental benefits. In addition to this, it is recyclable and is proven to be shelf stable for a couple of years when stored in dry storage. Moreover, the materials escaped into the nature and disposed of in bio-reactive landfills will be returned to conditions apt for the oxo-biodegradation process. This recyclable expanded polystyrene (EPS) product has aided expanded polystyrene (EPS) market to grow its global frontiers.

Prominent players in the global expanded polystyrene (EPS) market include Wuxi Xingda, BASF, Synthos, SUNPOR KUNSTSTOFF, Saudi Basic Industries Corporation, and Atlas Roofing Corporation.

Global Expanded Polystyrene (EPS) Market: Key Growth Dynamics

Expanded Polystyrene (EPS) is used in several construction and building applications such as insulation for cavity walls and floor insulation. Moreover, it offers excellent design flexibility and structural integrity. As a result, and expansion in the building and construction industry has facilitated the growth of global expanded polystyrene (EPS) market. Additionally, increasing demand for thermally efficient constructions has propelled the market’s growth.

Expanded Polystyrene (EPS) is employed in a major pharmaceutical industry application of cold chain packaging as it ensures product safety. Consequently, an expansion in the pharmaceutical industry highly driven the expanded polystyrene (EPS) market’s growth. Moreover, lightweight polymer foam has gained immense popularity in the automotive sector, thereby fueling the market’s expansion. Additionally, applications in manufacturing defense industry infrastructure have given a thrust to the expanded polystyrene market.

Furthermore, extensive use of expanded polystyrene (EPS) in the electronics sector for manufacturing refrigerators, capacitors, vacuum cleaners, television, IT equipment has expedited the expanded polystyrene market’s growth. In addition, increasing demand for electronic devices with enhanced functionality and smart design has led to an expansion in the expanded polystyrene (EPS) market. Moreover, high investment in the manufacturing sector is promoting the market’s growth.

On the downside, there are a few hindrances that may cause a shortfall in the global expanded polystyrene (EPS) market. Availability of substitutes such as polypropylene and bio-plastics may thwart the market’s growth. Additionally, volatility of the raw material prices may impede the market’s expansion. Nonetheless, a burgeoning automotive industry and a governments’ initiatives to promote manufacturing activities will play a key role in driving the expanded polystyrene market’s growth.

Global Expanded Polystyrene (EPS) Market: Regional Outlook

Asia Pacific is expected to dominate the global expanded polystyrene (EPS) market owing to a surge in the manufacturing industry. Additionally, a booming construction market has driven the market’s growth in this region. China is a leading consumer of expanded polystyrene in Asia Pacific. North America is expected to grow substantially owing to the high adoption of EPS in construction applications. The Middle East and Africa are also expected to show promising growth during the forecast period. Higher exports of electronics equipment have fuelled the expanded polystyrene market’s growth in this region.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Expanded Polystyrene Eps Market

Pre Book