Press release
Expanded Polystyrene Market Size to Worth Around USD 23.6 billion, Trends, Growth, Segmentation with Top Countries Data and Forecast to 2029
The global market for Expanded Polystyrene estimated at USD 15.6 billion in 2022, is projected to reach a revised size of USD 23.6 billion by 2029 registering a compounded annual growth rate (CAGR) of 4.71% over the period 2023-2029.The latest report titled Expanded Polystyrene Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Expanded Polystyrene market.
The report describes the profile of the top manufacturers of the global Expanded Polystyrene market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.
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Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Expanded Polystyrene market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the Expanded Polystyrene market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Expanded Polystyrene market is Baltimore Wuxi Xingda, Synthos, BASF, SUNPOWER KUNSTSTOFF, The Ravago Group, Alpek, VERSALIS, Nova Chemicals, Flint Hills Resources, PJSC SIBUR HOLDING, Saudi Basic Industries Corporation, Kaneka Corporation and others.
Expanded Polystyrene (EPS) Market Recent Developments
July 2022: BEWI ASA entered a letter of intent to acquire the Lithuanian insulation company BalPol. This acquisition will help BEWI to expand its geographic presence.
June 2022: BEWI ASA acquired an additional 51% stake in Jablite Group, an insulation and packaging company. This acquisition may further help BEWI expand its presence in the United Kingdom region.
Expanded Polystyrene Market Segmentation:
Expanded Polystyrene Market by Type, 2023-2029, (USD Millions, Kilotons)
White
Grey
Black
Expanded Polystyrene Market by Application, 2023-2029, (USD Millions, Kilotons)
Building & Construction
Packaging
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Regional Framework
The Expanded Polystyrene Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Expanded Polystyrene market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Expanded Polystyrene (EPS) Market Dynamics
EPS is used in a wide range of building and construction applications, including cavity wall insulation and floor insulation. It also offers excellent design flexibility and structural stability. As a result, the global expanded polystyrene (EPS) market has benefited from growth in the construction and building industries. Furthermore, increased supply for thermally efficient buildings has fueled market growth.
This Report Also Includes:
» Expanded Polystyrene Market Insights methodology
» Tactics and suggestions for new entrants
» Segmentation analysis
» Economic indices
» Companies' strategic developments
» Expanded Polystyrene Market growth drivers and restraints
» Selected illustrations of the market penetrations and trends
Crucial insights in Expanded Polystyrene research report:
Underlying macro- and microeconomic factors impacting the Sales of Expanded Polystyrene.
Basic overview of the Expanded Polystyrene, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Expanded Polystyrene across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.
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The Study Objectives are:
✔ An in-depth look at the key players in the Expanded Polystyrene market, as well as the data that goes with them.
✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.
✔ Regional analysis, which includes information on the dominant Expanded Polystyrene market and its share of the market.
✔ It also includes various socioeconomic factors that influence the market's evolution in the region.
✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.
Key questions answered in the report:
✦ What is the Expanded Polystyrene market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Expanded Polystyrene Market in the coming years?
✦ What are the most significant challenges that the global Expanded Polystyrene Markets may face in the future?
✦ What are the top companies in the global Expanded Polystyrene market?
✦ What are the main trends that are positively impacting the market's growth?
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