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Expanded Polystyrene (EPS) Market Size to Boost USD 26.23 Billion By 2032 | CAGR 9.1% Published by Emergen Research

10-30-2024 03:41 AM CET | Chemicals & Materials

Press release from: emergen research

Expanded Polystyrene (EPS) Market

Expanded Polystyrene (EPS) Market

The global Expanded Polystyrene (EPS) market size was USD 11.03 billion in 2022 and is expected to register a rapid revenue CAGR of 9.1% during the forecast period. Rapid growth of construction and packaging industries in developing countries and rising use of EPS products in numerous applications are major factors driving market revenue growth.

The Expanded Polystyrene (EPS) market is a critical segment of the global plastics industry, widely used in packaging, construction, automotive, and consumer goods. EPS is a lightweight, rigid, and durable material with excellent insulation properties, making it ideal for various applications. Known for its shock-absorbing and thermal insulation qualities, EPS is also cost-effective, which drives its popularity across multiple industries. Due to its versatility and performance, EPS has become a staple material, especially in construction for insulation and in packaging for safeguarding goods during transit.

 The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2564

Drivers of the Expanded Polystyrene (EPS) Market :

Several key factors drive the growth of the EPS market, with expanding demand from the construction and packaging sectors being the most prominent. In construction, EPS is extensively used as an insulating material in building walls, roofs, and foundations due to its high insulation efficiency, lightweight structure, and moisture resistance. The push toward energy-efficient buildings has increased EPS demand as it provides superior thermal insulation, which can reduce heating and cooling costs in residential and commercial structures. Similarly, in packaging, EPS is widely used for protective purposes, especially in electronics, appliances, and food packaging, because of its excellent cushioning properties and hygiene standards. This demand is further fueled by rising e-commerce activity globally, which increases the need for protective packaging materials.

 Restraints of the Expanded Polystyrene (EPS) Market :

Despite the widespread utility of EPS, certain factors restrain the market's growth, particularly environmental concerns and regulatory challenges. EPS is made from polystyrene, a plastic derived from petroleum, which raises sustainability concerns due to its non-biodegradability and challenges in recycling. Although EPS can technically be recycled, the process is not straightforward or widely implemented, leading to a build-up of EPS waste in landfills. This has led to regulatory scrutiny in regions focused on reducing plastic waste, with some governments imposing restrictions or even bans on certain single-use polystyrene products. Additionally, fluctuations in raw material prices, driven by the volatility of crude oil prices, impact EPS production costs, adding another layer of challenge for manufacturers.

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Growth Factors of the Expanded Polystyrene (EPS) Market :

As environmental concerns rise, so does the innovation around sustainable EPS solutions. Increased investment in research and development has led to advancements in recyclable EPS and biodegradable alternatives, creating new growth opportunities. Furthermore, the expanding construction activities in developing regions, especially in Asia-Pacific, are bolstering EPS demand. Rapid urbanization and population growth in these regions have heightened the need for affordable and energy-efficient building materials. The rise of sustainable construction practices globally is also boosting the adoption of EPS as an insulation material, particularly in projects adhering to green building standards. The packaging industry, too, presents growth opportunities with the increase in online retail and cold-chain logistics, where EPS's insulation properties are advantageous for temperature-sensitive goods.

 The report also discusses the key players involved in the market such as:

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, and Flint Hills Resources

The report provides a thorough estimation of the overall impact of the pandemic on the Expanded Polystyrene (EPS) Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Expanded Polystyrene (EPS) Market

Expanded Polystyrene (EPS) 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)
Black EPS
White EPS
Grey EPS

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

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

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/expanded-polystyrene-market

Explore More of this reports @

Expanded Polystyrene (EPS) Market Size @ https://www.emergenresearch.com/industry-report/expanded-polystyrene-market/market-size

Expanded Polystyrene (EPS) Market Share @ https://www.emergenresearch.com/industry-report/expanded-polystyrene-market/market-share

Expanded Polystyrene (EPS) Market Trends @ https://www.emergenresearch.com/industry-report/expanded-polystyrene-market/market-trends

Expanded Polystyrene (EPS) Regional Market Demand @ https://www.emergenresearch.com/industry-report/expanded-polystyrene-market/regional-market-demand

Expanded Polystyrene (EPS) Market Analysis @ https://www.emergenresearch.com/industry-report/expanded-polystyrene-market/market-analysis

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.

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