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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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.

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Expanded Polystyrene Eps Market

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