Expanded Polystyrene (EPS) Market to Register Favorable Growth during 2019-2026

Expanded Polystyrene (EPS) Market Outlook 2019-2026:

Global Expanded Polystyrene (EPS) Market key players are BASF SE, Dow Chemical, Synthos, Versalis S.p.A., StyroChem, Wuxi Xingda, Sunpor Kunststoff, BEWiSynbra Group, Alpek S.A.B. de C.V., NOVA Chemicals, and Flint Hills Resources. Major players acquired various strategies such as acquisitions, partnerships, collaboration, joint ventures, agreements, expansions, and new product launches to create a strong consumer base in the market. 

Expanded Polystyrene (EPS) is a rigid cellular plastic material made of raw beads in a three-stage process including pre-expansion, conditioning, and molding. It is most commonly as an insulation, packaging, foaming, and coating material in construction, consumer goods, medical supplies, and food & beverage industries. EPS is a reliable and sustainable product due to its insulating, mechanical, thermal, and physical properties. In construction industry, EPS is used for lightweight building blocks, foundations, roof systems, and external walls to enhance the durability of buildings and offer structural and design integrity to buildings. In addition to durability, EPS also offers compression resistance, high shock absorbency characteristics, lightweight & portable, easily laminated with epoxy resin, versatile in strength, moisture resistance, and high thermal insulation. 

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EPS is manufactured into different shapes and sizes based on the end-user demand. However, EPS also have some disadvantages such as the styrene compound may seep into hot beverages or food placed in EPS cups if not packed well. Also, it is flammable if oil painted and is not resistant to organic solvents.

Factors such as rise in demand for packaging sector, roof insulation for closed cavity walls & floor insulation, and at the electronics manufacturing plants drive the global expanded polystyrene (EPS) market growth. However, the availability of green alternatives, fluctuating cost of the raw material, and poor strength are the factors that limit the growth of the EPS market. 

In this study, the global expanded polystyrene market is segmented into type, application, end-use industry, and region. Based on type, the market is classified into black EPS, grey EPS, white EPS, and others. Among these, the black EPS segment is expected to boost the market growth due to its advanced properties such as non-corrosiveness, easy recyclability, and high thermal resistance. Based on application, the market is divided into insulation, packaging, foaming, coating, and others. Based on end-use industry, the market is categorized into building & construction, electrical & electronics, automotive, food & beverage, packaging, and others. EPS is widely used in building & construction industry as it enhances the durability of the building and also provides improved indoor environmental quality. By region, the global expanded polystyrene market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the market owing to the growing government proposals to improve public infrastructure in China and India.

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KEY BENEFITS FOR STAKEHOLDERS:

• The expanded polystyrene (EPS) market size has been analyzed across all regions.
• Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry.
• The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. 
• Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
• Expanded polystyrene (EPS) market analysis covers in-depth information of major industry participants.

KEY MARKET SEGMENTS

By Type

• Black EPS
• Grey EPS
• White EPS
• Others (Silver EPS)

By Application

• Insulation
• Packaging
• Foaming
• Coating
• Others (Component Manufacturing and Chemical Intermediate)

By End-use Industry

• Building & Construction
• Electrical & Electronics
• Automotive
• Food & Beverage
• Packaging
• Others (Medical and Marine)