Polystyrene foam Market Projected to Hit $73.8 Billion By 2030 | Business Opportunities, Demand and Current Trends

Polystyrene foam is a semi-finished product made from Styrene monomer. Based on the type of manufacturing process it undergoes, Polystyrene is divided into two types: expanded and extruded. As the name suggests, expanded Polystyrene (EPS) is made by expanding Polystyrene using gas, whereas extruded polystyrene (XPS) is an extruded product.

EPS is a rigid, closed cell, thermoplastic foam material produced from solid beads of polystyrene by gas expansion. The gas expands when heat in the form of steam is applied, thus forming closed cells of EPS. EPS has a more cellular structure and fragments into individual beads when broken. XPS has a more closed-cell structure and when examined closely it is possible to tell EPS from XPS. EPS foam thermal insulation sheets have a spectrum of applications in the building sector

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Extruded Polystyrene (XPS) thermal insulation board is a rigid foam board having closed cell structure and is produced in a fully automated continuous extrusion process. Its unique properties of high compressive strength, higher R value and low water absorption makes it an ideal insulating material for roofs, walls and floors. Thus, Polystyrene foam insulation is employed by building constructors to regulate a building's internal temperature. EPS foam is also used in thermal insulation for refrigeration cabinets. Apart from insulation boards and panels, Polystyrene foam molded parts are used in food and non-food packaging and in other storage applications. EPS is lightweight and is used in the production of food packaging. An XPS food container is 40 to 55% less than alternatives made of other polymeric materials.

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When comparing the moisture resistance of EPS and XPS, EPS has been shown to retain less moisture than XPS rigid-foam insulations. However, it all depends on the type of tests carried out by manufacturers. XPS producers test their product by performing underwater tests for 2-24 hours. When tested through this method, XPS is seen as the more resistant option as compared to EPS foam. However, it releases absorbed moisture at a relatively rate as compared to EPS. Simply put, any moisture that gets inside the XPS cell will be present in it for longer periods.

Key Benefits For Stakeholders:

► Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

► It outlines the current Polystyrene foam market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.

► The major countries in the region have been mapped according to their individual revenue contribution to the regional market.

► The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.

► The profiles of key players and their key strategic developments are enlisted in the report.

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Key Market Players:

► Synthos S.A

► Xella International
► BASF SE

► Kingspan Group

► Sunpor Kunststoff GmbH

► ChovA

► DuPont

► Knauf Insulation

► Drew Foam

► Alpek

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