The global demand for Extruded Polystyrene Board Market is presumed to reach the market size of nearly USD 9.3 BN by 2030 from USD 6.74 BN in 2022 with a CAGR of 4.1% under the study period 2023 - 2030.
Extruded polystyrene (XPS) foam refers to firm insulation that is formed with polystyrene polymer but manufactured by using an extrusion process. This kind of insulation can considerably decrease a building's energy use and assist in controlling indoor temperature. Extruded polystyrene (XPS) board offers many benefits such as highly energy-efficient, easy to install, lightweight, environment-friendly, No Leaks, no mildew versatile, and lower heating cooling costs. The extruded polystyrene foam sheathing let the use of a single product make a continuous layer of moisture and thermal protection on a building's walls, thus contributing to energy efficiency.
Market Dynamics
The growing commercial and residential construction activities across the globe are driving the demand for XPS, which is the primary factor driving the Extruded Polystyrene Board market. The rapidly growing green building construction globally due to growing concerns towards reducing greenhouse gas emissions contributes to the Extruded Polystyrene Board market's growth. The high need to improve the energy efficiency of the buildings and lessen energy consumption, its related cost is positively impacting the growth of the Extruded Polystyrene Board market. Moreover, the increasing demand for sustainable solutions and the easy recycling of polystyrene products are likely to create lucrative growth opportunities for key players in the Extruded Polystyrene Board market in coming years.
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 segment in the global market of extruded polystyrene board.
Market Segmentation
This section of the extruded polystyrene board market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service..
By Type
- SS Flat Head Type
- Si Type (Lap Joint)
- TG Type (Birch Groove)
- RC Type (Rain Rrough)
By Application
- Wall, Flat Concrete Roof, Steel Structure Roof Insulation
- Storage Ground, Parking Platform, Airport Runway Moisture-Proof Insulation
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Extruded Polystyrene Board 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 Extruded Polystyrene Board 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 extruded polystyrene board market include Dupont, Owens Corning, BASF, Ursa, Ineos Styrencis, Sunpor, Synthos, Polimeri, Styrochem, Sunde, Monotez, Jackson. 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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