Global Expanded Polystyrene (EPS) Insulated Panels Market Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 - 2032

Expanded polystyrene (EPS) insulated panels are expected to grow from a market size of $428.9 million in 2021 to $794.36 million by 2031, a CAGR of 6.2% from 2022 to 2031. EPS (expanded polystyrene) insulated panels are made of a lightweight cell plastic fabric and little hollow round balls. This development with closed cells is what gives EPS its amazing properties. A wide range of densities are manufactured for EPS, providing a wide range of physical attributes. The material is matched to the various programs in which it is used in order to maximize its functionality and power.
Construction and creative sectors frequently employ EPS. Rats and termites are not attracted to EPS panels because they are made of inert material that does not decompose and provides no nutritional benefits to vermin. Its electrical capabilities, strength, and light weight make Inconel a useful and well-liked building material. Insulated panel solutions for flooring, roofing, and facades for both residential and commercial structures are included in EPS. Additionally, it serves as a void-forming fill cloth in civil engineering projects, a light fill in the construction of roads and railroads, and a floatation fabric in the construction of marinas and pontoons. This fuels the global market expansion for expanded polystyrene (EPS) insulated panels.

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Market Segmentation:
The global expanded polystyrene (EPS) insulated panels market can be segmented based on various factors such as type, application, and region.

Based on type, the EPS insulated panels market can be segmented into:
Roof Panels
Wall Panels
Floor Panels

Based on application, the EPS insulated panels market can be segmented into:
Residential Buildings
Commercial Buildings
Cold Storage
Industrial Buildings

Based on region, the EPS insulated panels market can be segmented into:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Key Players:
BASF SE
Huntsman Corporation
Dow Chemical Company
Owens Corning
Saint-Gobain S.A.
Atlas Roofing Corporation
GAF Materials Corporation
Kingspan Group
PPG Industries
CertainTeed Corporation

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Regional Analysis:
The global expanded polystyrene (EPS) insulated panels market can be analyzed regionally into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is anticipated to hold a significant share of the market due to the high demand for energy-efficient construction materials and favorable government regulations regarding energy-efficient buildings. The presence of key manufacturers in the region also contributes to the growth of the market.
Europe is also expected to show substantial growth due to the rising awareness regarding the advantages of using EPS insulated panels and the increasing demand for energy-efficient buildings.
The Asia Pacific is expected to grow at a significant rate due to the increasing construction activities and the rising adoption of energy-efficient materials. The increasing population and urbanization in developing countries such as India and China are also driving the growth of the market.
Latin America and Middle East & Africa are also projected to grow at a moderate rate during the forecast period.
Overall, the global expanded polystyrene (EPS) insulated panels market is expected to witness significant growth in the coming years due to the increasing demand for energy-efficient construction materials and the rising trend of sustainable construction practices.

Covid-19 Impact:
The COVID-19 pandemic has had an effect on the global market for expanded polystyrene (EPS) insulated panels because it has disrupted the supply chain and decreased demand for building supplies, which includes EPS insulated panels. The pandemic has caused delays in construction projects and has led to a decrease in demand for new construction projects, resulting in a slowdown in the market. Additionally, the pandemic has led to a decrease in disposable income, which has impacted the residential construction industry and subsequently the demand for EPS insulated panels.
However, the market is expected to recover in the post-pandemic period due to the increasing demand for energy-efficient buildings, the need for cost-effective and eco-friendly construction materials, and the growing demand for insulation materials in the building and construction industry. The market is also expected to benefit from government initiatives promoting energy-efficient buildings and reducing carbon footprint, which is expected to increase the demand for EPS insulated panels.

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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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