Global Expanded Polystyrene (EPS) Market Growth Report Analysis and Forecast 2022-2030

Inkwood Research estimates that the Global Expanded Polystyrene (EPS) Market is predicted to evolve at a CAGR of 5.54% in terms of revenue and 4.85% in terms of volume during the forecasting years of 2019-2028.
"Browse 69 Market Data Tables and 42 Figures spread over 164 Pages, along with an in-depth TOC on the Global Expanded Polystyrene (EPS) Market Forecast 2019-2028."

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Expanded polystyrene (EPS) is a lightweight insulation material with properties like resistance to humidity & compression, hygienic, retention to vitamin C, shock absorption, etc. It finds applications in the furnishing, construction, automotive, and packaging industries. It is also used for packaging in the electronic and food & beverage industries.

EPS v/s other Insulation Materials
In the construction industry, EPS is one of the most-sought materials, given its cost-effectiveness. It constitutes 98% of air. Stabilized air makes EPS an effective insulator. It has an excellent R-value, which remains constant, making it an efficient material. It has the highest insulating capacity per dollar in comparison to other insulation materials. This makes it a feasible material. Further, it offers ease in handling, transportation, and installation, thereby minimizing labor costs by almost 50%.
EPS has several advantages like permeability toward air and moisture in comparison to XPS. The expanded polystyrene building installations can resist water for many years. The EPS insulation system retains only 5% moisture in comparison to 19% of XPS. Such factors make it a favorable material in places with high moisture.
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Packaging is Highest Revenue-Generating End-User
Due to its closed pore structure, and properties like lightweight, resistance to moisture & cold, EPS is most preferred in the packaging sector. It is in demand among white appliances manufacturers. It fulfills technical requirements, RoHS and REACH. It is further utilized to pack food products like meat, milk products, fruit, fish, processed foods, etc. It is also one of the best packaging options for fragile pharmaceutical and heavy products, since it guarantees total protection against damage. Moreover, recyclable EPS entails resilience, high insulation value, and excellent cushioning. This makes it an ideal material for insulated packages. The packaging materials made from EPS include, specialty items, end caps, wall panels, concrete void fillers, flat pads, edge protectors, etc.

Asia Pacific to Bloom in the Coming Years
The Asia Pacific region is witnessing an increasing demand for EPS insulation, due to rising ownership of real estates. There is also a rise in the construction and home renovation activities. Insulation is a key attribute for sustainable building products. The government initiative in the region, with regard to construction activities and expenditure, is further boosting the demand for EPS in the region. The other factors that are set to contribute to the market growth of the region are rapid industrialization and growing living standards.
The companies in the market are advancing in terms of varied designs of EPS with outstanding properties, catering to the demands of consumers. The regional players are evaluated to fare better opportunities than the multi-national layers with regard to dominance. The industrial rivalry is thus projected to be high during the forecast period. Some of the distinguished players in the market include, Evonik Industries AG, Styrochem, Sabic, Total SA, Basf SE, etc.

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