Expanded Polystyrene (EPS) Market Type (Black, White, Grey), By Application (Building & Contruction, Packaging, Electrical & Electronics, Automotive, Cold Storage) – Global Market Trends & Forecasts upto 2023

The Total Expanded Polystyrene (EPS) Market is expected to grow at a CAGR of 5.3% from 2017-2023 and reach $ 19.9 billion by 2023. Increasing population and urbanization in developing countries such as India, Thailand, Brazil, etc. have resulted in the growth of manufacturing sectors such as automotive, packaging, and building & construction. This growth in different industries coupled with the huge demand for packaging solutions in the food and beverage & medical and pharmaceutical sector to enhance product safety and freshness of packaged food and medicines during transportation largely drive the EPS market growth.

In terms of types of EPS, white EPS accounted for the largest market share in 2017, followed by black and grey EPS. White EPS exhibits superior mechanical durability and water resistant properties, which make it suitable for various end-use industries.

EPS finds its heavy utility in the building and construction sector. In 2017, the packaging and building & construction sectors emerged as the leading end use industries capturing market share. Major packaging applications include retail, food, and consumer goods. The rising demand for EPS in cold chain packaging solutions is expected to drive the market for EPS in the packaging sector. Its applications in the building and construction sector include insulated panel systems for walls, roofs, and floors as well as facades for both domestic and commercial buildings. Rising growth in the building and construction industry will eventually result in the growth of the EPS market. Automotive is another significant end use industry for EPS.

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Asia-Pacific was the most favoured market for EPS in 2017 that bagged the largest market share. The region is expected to grow at the fastest rate of 6.3% from 2017-2023 that will remain the leading market in 2023 as well. China subjugated the EPS market in Asia-Pacific due to the growing electrical and electronic and packaging application in the country. A shift of manufacturing companies to India, China, Indonesia, etc., has been observed because of the availability of low cost labour and raw materials.

The demand for EPS in North America and Europe has been anticipated to grow at a moderate rate. EPS is banned in food packaging applications in several states of the U.S. as EPS waste causes tremendous trouble when it leaks into marine environments and contaminates water.

However, EPS recycling techniques are now trending in Europe. Greenmax, DUE Recycling Systems, etc., are the companies that provide solutions to recycle EPS.

The market is highly fragmented due to the presence of a large number of EPS manufacturers. Companies are working closely with consumers to address their need regarding EPS and with their latest R&D companies that are designing EPS products with exceptional properties. In 2014, BASF started to use an innovative flame retardant “PolyFr”. All of BASF’s Styropor, Neopor, and Styrodur polystyrene products for the European market have better flame retardant properties than HBCD (hexabromocyclododecane), which was used in the past. Some of the major players that operate in this market are BASF, SABIC, INEOS, Total SA, Nova Chemicals Corporation, Synthos S.A., Alpek S.A.B. De Cv, PJSC Sibur Holding, ACH Foam Technologies Inc., Versalis S.P.A, Nova Chemicals Corporation, Synbra Holding BV and Flint Hills Resources, LLC, & others.

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Major TOC:

1  Introduction       

  1.1  Goal  &  Objective     

  1.2  Report  Coverage     

  1.3  Supply  Side  Data  Modelling  &  Methodology     

  1.4  Demand  Side  Data  Modelling  &  Methodology     

2  Executive  Summary

3  Market  Outlook         

  3.1  Introduction     

  3.2  Current  &  Future  Outlook     

  3.3  DROC     

    3.3.1  Drivers   

      3.3.1.1  Demand  Drivers 

      3.3.1.2  Supply  Drivers 

    3.3.2  Restraints   

    3.3.3  Opportunities   

    3.3.4  Challenges   

  3.4  Market  Entry  Matrix     

  3.5  Market  Opportunity  Analysis     

  3.6  Market  Regulations     

  3.7  Pricing  Mix     

  3.9  Value  Chain  &  Ecosystem     

  3.8  Key  Customers

4  Demand  Side  Analysis       

  4.1  Expanded  Polystyrene  (EPS)  Market  by  Type     

    4.1.1  White  Expanded  Polystyrene  (EPS)   

    4.1.2  Black  Expanded  Polystyrene  (EPS)   

    4.1.3  Grey  Expanded  Polystyrene  (EPS)

TOC Continued…!

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Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.

Title:

Service Robotics Market, By Operating Environment (Aerial, Ground-based, Marine), Application (Professional Application, Personal Application) - Global Market Trends & Industry Forecasts Upto 2023

Body:

The Service Robotics Market for social robots has reached $ 7.9 billion in 2017, an increase of 7.0% over the previous year. Professional service robots accounted for two-third of the overall market and are expected to account for a major share of the service robotics market through 2023. The increase in market is expected to be driven by the increasing demand for logistics robots in manufacturing and non-manufacturing sectors, defense applications robots, and inspection and maintenance robots.

Robots have now moved beyond the realm of traditional jobs doing repetitive functions, such as assembling of parts and welding, in the manufacturing and automotive industries. With the advancement in technologies, robots are becoming smarter and intelligent fostering the dissemination of new technologies and new innovations advancing the ability of robotics to assist and support humans perform several tasks. Service robots are slowly becoming ubiquitous, delivering newer efficiencies across several applications from assisting in personal tasks to professional services. With the growing integration of robotics with digital forces, such as cloud, artificial intelligence, and analytics, service robotics are bridging the gap between theory and practice in all areas of robotics and intelligent systems.

The value chain of the service robotics ecosystem comprises several companies and research institutes to provide several activities from research and design to manufacturing and assembly of components to services. Service robotics are witnessing signs of robotic revolution with several startups entering the space backed by several venture capitalists as well large conglomerates incubating the newer technologies. Companies in the robotic value chain range from diverse applications.

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The focus of service robotics is shifting to the advanced robots with high level of artificial intelligence in terms of their interaction with the environment and the ability to continuously improve their decision making based on external feedback. Service robots have potential market in several new applications across several sectors, including logistics, education, defense and security, healthcare, agriculture and forestry, entertainment, space, domestic tasks, personal and elderly assistance, home security. Several companies are focusing on developing world class robots that are human friendly and add value to the people and businesses that deploy them.

The market for social robotics is expected to be driven by the Shift from trend from the strictly structured environments into the unstructured environments and also shorter payback period and higher return on investment. Growing demand for drones from military and non-military applications also expected to boost the demand for drones. However, increase in aging population across the world would encourage the demand for rehabilitation of robots, growth potential across developing nations, persistent requirement of technologically advanced service robots, especially from defense and security verticals are presenting opportunities for service robotics. In addition, the advancements in self driving cars and artificial enabled social robots will have a potential market across the globe. Robots are expected to play a key role throughout the retail value chain including both front-end and back-end operations with the integration of big data and analytics and cloud computing, Pervasive Computing, and artificial intelligence.

Several social robots are expected to hit the market in 2018-2019 with the advanced technologies and capabilities to help humans of different age groups from kids to elderly assistance. In January 2018, Paaila Technology (Nepal) launched waiter robot, a smart, reliable and autonomous robot to take valued customers' food order from kitchen to table. The company also plans to launch Room Service Robot in February 2018. In January 2018, Aflac Incorporated (US) unveiled a smart robotic companion, “My Special Aflac Duck” for children who have cancers. In January at CES 2018, Aeolus Robotics launched the Aeolus Robot, a multifunctional in-home robot powered by artificial intelligence (AI) and machine learning. FoldiMate, Inc. (US) is expected to ship the improved model of robotic laundry folding machine for home use by late 2019.

North America has been dominating the market for service robotics and is expected to continue to account for the major market through 2023, followed by Europe. Technological advancements and new product developments have accounted for the major driving factor for North American market to hold the largest market share among all regions. Moreover, the presence of major players such as Amazon.Com, Inc. (U.S.), Bluefin Robotics (U.S.), iRobot Corporation (US), Google, Inc. (U.S.), Adept Technology, Inc. (U.S.), GeckoSystems Intl. Corp. (U.S.) and Northrop Grumman Corporation (U.S.) in the North American region also contribute significantly toward the growth of this market.

Some of the major companies dominating the service robotics market include KUKA AG (Germany), Bluefin Robotics (US), iRobot Corporation (US), Adept Technology, Inc. (US), Northrop Grumman Corporation (US), GeckoSystems Intl. Corp. (US), ECA Group (France), and Honda Motor Co., Ltd. (Japan).

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Brief TOC:

1  Introduction             

  1.1  Goal  &  Objective           

  1.2  Study  Scope           

  1.3  Assumptions  and  Limitations           

  1.4  Stakeholders/  Intended  Audience           

  1.5  Research  Methodology       

2  Executive  Summary                         

3  Market  Outlook               

  3.1  Introduction           

  3.2  Current  &  Future  Outlook           

  3.3  DROC            

    3.3.1  Drivers         

      3.3.1.1  Shift  from  trend  from  the  strictly  structured  environments    into  the  unstructured  environments       

      3.3.1.2  Shorter  payback  period  and  higher  return  on  investment       

    3.3.2  Restraints         

      3.3.2.1  High  R&D  expenses  and  Initial  costs         

    3.3.3  Opportunities         

      3.3.3.1  Increasing  demand  for  robots  in  the  maintenance,  security  and  rescue  markets       

      3.3.3.2  Rising  demand  for  assistive  robots  for  supporting  the  elderly,  for  helping  with  household  chores  and  for  entertainment.       

      3.3.3.3  Integration  of  robotics  with  digital  powers  of  analytics  and  cloud  computing       

    3.3.4  Challenges         

      3.3.4.1  Performance  in  the  untested  environments       

      3.3.4.2  Integrating  high  level  components  and  technologies  within  the  budget  and  effort       

      3.3.4.3  Ensuring  the  safe  operation  when  working  along  with  humans       

  3.4  Value  Chain  &  Ecosystem       

TOC Continued…!

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SupplyDemandMarketResearch.com have a strong network of high powered and experienced global consultants who have about 10+ years of experience in the specific industry to deliver quality research and analysis.

Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.

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