The global demand for Expandable Polystyrene Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2022-2028.
Expandable Polystyrene (EPS) is composed of organic elements: carbon, hydrogen, and oxygen. It is available in variant compressive strengths to withstand load and back-fill forces. It offers good thermal insulation, shock-absorbing properties, high compressive strength, very low weight, and resistance to moisture. EPS is utilised in food packaging applications, energy-efficient insulation in construction applications, cost-effective cushion transport packaging material for shock-sensitive goods, and many more.
Booming economise has boosted demand for EPS for packaging and insulation. Growing electronics and construction industry has been the main factor driving the demand for EPS. Building and construction accounted for almost two-thirds of share. In building and construction, EPS has been used for a wide range of application such as closed cavity walls, roofs, floor insulation, and for road construction, bridges, drainage, flotation, and sound insulation. Asia Pacific is the most lucrative market for growth attributed by growing urbanization in China, India, and other countries. Recognising the growing demand, players are expanding their production capacities in the Asian Market. This will allow the companies to meet the growing demand for the EPS.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of expandable polystyrene.
The entire expandable polystyrene market has been sub-categorized into product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
This section covers regional segmentation which accentuates on current and future demand for expandable polystyrene market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Expandable Polystyrene Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the expandable polystyrene market include Wuxi Xingda New Foam Plastics Materials Co., Ltd., Synthos S.A., BASF SE, Total S.A., SunporKunststoff GmbH. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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