Polystyrene Foam Product Manufacturing Market Global Analysis, Trends, Growth Drivers, Regional Study and Forecasts to 2023

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The polystyrene foam product manufacturing market consists of sales by entities (organizations, sole traders and partnerships) that manufacture polystyrene foam products which are used in food packaging, electronics packaging, automobiles and the construction industry. These products include coolers, ice chests, cups, dinnerware, insulation sheets and other products made from polystyrene foam. This market does not include sales of other plastic foam products.

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The top opportunities in the global polystyrene foam product manufacturing market will arise in the global packaging end-user segment, which will gain $7.59 billion in annual sales. By country, China will yield the best opportunities at an increase of $2.45 billion, nearly twice as much as the second best, India. Strategies worth considering by polystyrene foam product manufacturers include adopting big data and IoT technologies, investing in expanding manufacturing operations, and improving infrastructure.

Polystyrene Foam Product Manufacturing Market Segmentation: -
By Segment - The polystyrene foam product manufacturing market is segmented by service type into
1. Packaging
2. Automotive
3. Construction
4. Others

The packaging segment accounted for the largest share of the polystyrene foam products market in 2018 at $30.5 billion. Major factors for this growth include increasing demand for electronic products and packaged food products globally.

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By Geography - The polystyrene foam product manufacturing market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

Asia Pacific is the largest region in the polystyrene foam products market, accounting for 39% of the global market. It was followed by Western Europe and North America. Going forward, the fastest growth in the polystyrene foam products market is predicted for Asia Pacific, followed by Western Europe at a CAGR of 2.6%.

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Some of the major key players involved in the polystyrene foam product manufacturing market are Bright Horizons Family Solutions, Inc., KinderCare Education, Goodstart Early Learning, Primrose Schools, G8 Education Limited, Learning Care Group, Inc., Noble Learning Communities, Cadence Education, Prim rose schools, JP Holdings Inc.

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