openPR Logo
Press release

Polystyrene & Expanded Polystyrene Market to Cross $51.5bn by 2024

Polystyrene & Expanded Polystyrene Market to Cross $51.5bn

Polystyrene & EPS Market to surpass USD 51.5 billion by 2024; according to a new research report by Global Market Insights, Inc.

Polystyrene (PS) has been gaining a rising popularity in the recent years owing to is distinguished benefits such as: strength of steel, light weight of aluminum, clarity of glass and UV-resistant properties. It has been one of the most commonly produced plastics and generated revenue close to USD 22.1 billion in 2016. Considering plastics demand by polymer type, PS and EPS together contributed to over 8% share in Europe in 2016.

It will likely witness significant demand for its usage in the packaging industry (in disposable cushioning materials, coffee cups, meat trays, etc.), in construction applications such as for roofing and glazing, road marking, hurricane panels, insulation, sanitary applications, etc. The polystyrene & EPS market will be driven by the robust growth of pharmaceutical and food & beverages industry for the product usage in packaging applications.

Request for a Sample Copy of this Report@

The construction industry has been witnessing rising usage of expanded polystyrene (EPS) for inroad foundations, flotation, cellular bricks, bridges, railway lines, public buildings, drainage, etc. in the recent years. The rising preference is mainly driven by its features such as lightweight, mechanical resistance, low thermal conductivity and low water absorption. Substantial demand from the construction industry will propel the polystyrene & EPS market by 2024. Drifting consumer preferences and pressing need for technologically-advanced products will boost the EPS market.

The polystyrene & EPS market will be subjected to some restraints in the forecast period. Fluctuating raw materials prices including benzene, styrene monomer, etc. will likely present significant challenge to industry participants. The industry will also bear a threat of disposal and negative scrap value. About 12,000 tons of EPS is disposed of to landfill each year, that takes 240,000 cubic meters of landfill space. According to EPA, 2.3 million tons of polystyrene end up in landfills out of every three million tons of produced in the U.S. The costs of recycling polystyrene were marked over USD 3,000 per ton by the California Department of Conservation.

Inquiry Before Buying of this Report@

PS held an extensive market share more than 50% in 2016 and will likely observe the similar inclinations over the forecast period. The rise will mainly due to the rising preference for PS in construction industry on account of its swift assembly ability and low subsequent maintenance. EPS is projected to have the fastest growth over the forecast timeframe particularly for its demand in packaging, refrigerator lining and construction industry.

In 2016, packaging application segment had contributed to over 40% of the overall market and is projected to witness promising gains by 2024. Electrical & electronics sector is as another significant application that contributed to a revenue over USD 10.2 billion in 2016.

Browse Report Summery@

With top seven players accounting for less than 30% industry share, global polystyrene & EPS market is highly fragmented. The key top players in the business are BASF SE, Total Petrochemicals & Refining USA Inc., S.C. Adeplast S.A, Sunpor, Ineos Styrenics, Nova Chemicals and Synthos S.A.

Asia Pacific accounted for over 40% of the overall polystyrene & EPS market share in 2016. Following the similar trends, the industry will be mainly led by China over the forecast timeframe. Rising construction industry in the region will propel the demand for the polystyrene & EPS market.

Read Our Blog:

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polystyrene & Expanded Polystyrene Market to Cross $51.5bn by 2024 here

News-ID: 903769 • Views: 171

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases

More Releases for EPS

Expanded Polystyrene (EPS) Packaging Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Expanded Polystyrene (EPS) Packaging Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables:   Scope of the Report: The worldwide market
Automotive Electric Power Steering Systems Market Report 2018: Segmentation by P …
Global Automotive Electric Power Steering Systems market research report provides company profile for Nexteer, ZF, Mobis, Showa, Thyssenkrupp, Mando, JTEKT, Bosch, NSK and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also
Global EPS Geofoams Market 2018 - Atlas EPS, Expol, FMI-EPS, VersaTech
The statistical surveying information incorporated into the EPS Geofoams report is the aftereffect of significant essential and optional research exercises. The report fragments the worldwide market for EPS Geofoams based on makers, item compose, applications, and Region. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the worldwide EPS Geofoams advertise covering key factors, for example, drivers and
Global Heavy Commercial Vehicle EPS Sales Market Report 2017
The Global Heavy Commercial Vehicle EPS Sales Market Report 2017 is a professional and in-depth study on the current state of the Heavy Commercial Vehicle EPS industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Heavy Commercial Vehicle EPS market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as
Global Bus EPS Sales Market Report 2017
The Global Bus EPS Sales Market Report 2017 is a professional and in-depth study on the current state of the Bus EPS industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Bus EPS market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as well as manufacturing processes and cost
eps - around the World with Lady Gaga
Infrastructure service provider on tour Since early 2012, infrastructure service provider eps has been on a world tour with one of the most popular and innovative performers of our time: Lady Gaga and her “Born This Way Ball”. eps tour equipment At the request of promoter Live Nation Global Touring, eps provided a variety of equipment: GIGS stage barricades with special elements for unique configurations, turf protection systems like Terraplas, Supa-Trac and Rollaway,