Expandable Polystyrene Market to Outshine with High Growth; to Cross USD 23 BN by 2026
Posted On July 08, 2020
During the period of 2020-2026 it is expected that the Global Expandable Polystyrene Market will showcase a CAGR of 5.4%. The market is foreseen to reach USD 23 BN by 2026 while it was valued at USD 15.9 BN in 2019 as stated in a the published market study by Value Market Research. The unique functional properties of EPS are the main driving force of the EPS market. The key factors that are boosting the global market include increased usage in building in the construction industry due to thermal insulation properties and increased usage in food and beverage industries for food packaging. Furthermore, factors such as the growing packaging industry and rising applications in the automotive sector are propelling the market. During the COVID-19, the EPS market is expected to continue steady growth. The pandemic has caused adverse effects on the building and construction industry, which may affect the global EPS market. However, on the other hand, demand for home delivery of food with proper packaging is increasing due to COVID-19, which is likely to cause some positive effect on the global EPS market.
Expandable Polystyrene (EPS) is a rigid, white foam plastic material made by moulding and expanding solid beads of polystyrene. EPS holds many unique properties like lightweight, moisture resistance, low thermal conductivity, and superior cushion properties. EPS is environmentally friendly as it is 100% recyclable and comprises 98% air. It is versatile and can be moulded into any shape and size. It is widely used in packaging industries, food & beverage packaging, building and construction industries, and automotive industries.
The first chapter of the report "Global Expandable Polystyrene Market Report By Product (White, Grey), By Application (Construction, Automotive, Packaging) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" gives the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions in the subsequent chapters. The contents of the report talks about historic data along with throwing light on the future opportunities of the expandable polystyrene market.
On the basis of product the expandable polystyrene market is bifurcated into white, grey. By application the expandable polystyrene market is bifurcated into construction, automotive, packaging.
The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Expandable Polystyrene Market -
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Wuxi Xingda New Foam Plastics Materials Co., Ltd., Synthos S.A., BASF SE, Total S.A., SunporKunststoff GmbH.
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