Expanded Polystyrene Market Size Worth USD 26.23 Billion in 2032 | Key Companies - BASF SE, The Dow Chemical Company, Total S.A., SABIC, Ineos Styrolution

Emergen Research report has highlighted the promising trajectory of the Expanded Polystyrene (EPS) market, projecting significant growth driven by diverse industry demands and technological innovations.

The report, covering the period from 2022 to the foreseeable future, underscores the robust expansion of the global EPS market. Valued at USD 11.03 billion in 2022, the market is expected to witness a rapid revenue Compound Annual Growth Rate (CAGR) of 9.1%. This surge is attributed to the burgeoning construction and packaging sectors, particularly in developing economies, along with the widespread adoption of EPS products across various applications.

You Can Download Free Sample PDF Copy Of This Report At: https://www.emergenresearch.com/request-sample/2564

EPS materials have become increasingly sought-after in the packaging industry due to their lightweight nature, affordability, and exceptional insulating properties. With a capacity to absorb shocks and protect against damage during transit, EPS foam is extensively utilized in packaging electronics, appliances, and Food & Beverages (F&B) items.

Moreover, the construction sector has emerged as a significant consumer of EPS materials, leveraging their superior insulation qualities, durability, and cost-effectiveness. EPS foam finds application in roofs, walls, and floors of residential and commercial buildings, offering excellent thermal insulation, moisture resistance, and sound insulation capabilities.

Several notable developments in the EPS market further bolster its growth trajectory. BASF SE introduced Neopor Plus GPS, a line of EPS insulation boards featuring innovative graphite particle technology for enhanced thermal insulation and energy efficiency. Similarly, Sto Corp. launched the Sto GPS Board, designed to meet stringent insulation requirements while ensuring cost efficiency in building applications.

The automotive industry also plays a pivotal role in driving demand for EPS products, particularly for manufacturing lightweight vehicle components such as seat cushions, headrests, and door panels. This trend is further fueled by the growing preference for fuel-efficient automobiles.

However, the EPS market is not without its challenges. Environmental concerns regarding EPS's non-biodegradable nature and potential for littering pose significant restraints to market growth. Additionally, heightened competition among market players may lead to price competition and lower profit margins, hindering investment in new technologies.

Segment-wise, the report highlights the dominance of the white EPS segment, attributed to its superior cushioning qualities and widespread adoption in packaging and building insulation. The grey EPS segment is also expected to witness steady growth, driven by its exceptional insulation properties and rising demand for environmentally friendly construction materials.

In terms of applications, the packaging segment commands a significant revenue share, fueled by the lightweight, stress-absorbing, and durable nature of EPS foam. Conversely, the building & construction segment is projected to experience the fastest growth rate, driven by the increasing demand for energy-efficient building materials and insulation solutions.

Expanded Polystyrene Top Companies and Competitive Landscape

The global Expanded Polystyrene market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective EPS products in the market.

Browse the complete Global Expanded Polystyrene Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2032 @ https://www.emergenresearch.com/industry-report/expanded-polystyrene-market

Some of the major companies included in the global EPS report are:
• BASF SE
• The Dow Chemical Company
• Total S.A.
• SABIC
• Ineos Styrolution
• Owens Corning
• Kaneka Corporation
• Borealis AG
• StyroChem International Inc.
• Sunpor Kunststoff GmbH
• Ravago Manufacturing
• Versalis S.p.A.
• UNIPOL
• NOVA Chemicals Corporate
• Flint Hills Resources

Expanded Polystyrene Latest Industry News

• On 11 September 2023, Ineos Styrolution launched a new line of EPS insulation boards called Styroboard XPS. These insulation boards feature an innovative extrusion process that provides excellent thermal insulation and compressive strength. These are designed for use in a wide range of applications such as roofing, flooring, and walls.

• On 18 July 2023, AkzoNobel, a Dutch company, entered into a contract to divest its Extruded Polystyrene (XPS) insulation material manufacturing operations in Romania to Hirsch Porozell, the local branch of Austrian conglomerate Hirsch Servo. Hirsch is a prominent player in the realm of premium EPS (EPS) insulation materials, operating over 30 production facilities, primarily situated in Central and Eastern Europe.

Request For Customization in Report @: https://www.emergenresearch.com/request-for-customization/2564

Expanded Polystyrene Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global EPS on the basis of product, application, and region:

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Black EPS
o White EPS
o Grey EPS

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Building & Construction
o Packaging
o Automotive
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

Overall, the Expanded Polystyrene (EPS) market presents promising opportunities for growth, driven by diverse industry demands and technological advancements. As market players navigate challenges and capitalize on emerging trends, the EPS market is poised for a dynamic expansion in the coming years.

Read Our Blogs: https://www.emergenresearch.com/insights

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.