Expanded Polystyrene Market Growth, Trends, and Forecast | Industry Insights 2025 | Top key players - Advansix Inc., BASF SE, BEWI ASA.

The latest report published by DataM Intelligence highlights the growth prospects of Expanded Polystyrene market. The industry expansion is majorly driven by developments in technology across the globe.

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The Global Expanded Polystyrene Market reached US$ 15.98 billion in 2023 and is expected to reach US$ 22.83 billion by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031.

The Expanded Polystyrene (EPS) Market refers to the global demand for lightweight, rigid foam material widely used in packaging, insulation, and construction. Known for its excellent thermal insulation properties, durability, and versatility, EPS is commonly used in applications like food containers, protective packaging, and building insulation, with growing adoption in industries prioritizing eco-friendly, cost-effective solutions.

Competitive Evaluation:

Companies covered in this report are Advansix Inc., BASF SE, BEWI ASA, Century Enka, DOMO Chemicals, Fibrant (Highsun Group), Junsei Chemical Co., Ltd., Kishida Chemical Co., Ltd., Otto Chemie Pvt. Ltd and, SINOPEC.

The Expanded Polystyrene Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

In 2024, BASF made a notable advancement in the global Expanded Polystyrene (EPS) market with the introduction of Neopor Mcycled, a product containing 10% recycled EPS waste. This innovation reflects the growing trend in the industry towards sustainability, emphasizing the integration of recycled materials into EPS production.

In 2022, the global EPS market saw significant developments with BEWI ASA's strategic expansion efforts. The company entered into a letter of intent to acquire BalPol, a Lithuanian insulation firm, strengthening its presence in the Baltic region. At the same time, BEWI ASA increased its ownership in Jablite Group, a leading UK-based insulation and packaging company, by acquiring an additional 51% stake.

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Expanded Polystyrene Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Product: White, Grey, Black.

By Application: Packaging, Foaming, Insulation, Chemical Intermediate, Others.

By End-User: Electronics, Automotive, Construction, Food & Beverages, Others.

Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Expanded Polystyrene market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

In terms of geographical analysis, Expanded Polystyrene Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Expanded Polystyrene industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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