Global Polystyrene & Expandable Polystyrene (EPS) Market Report By Product (Polystyrene, Expandable Polystyrene (EPS)), By Polystyrene & EPS (Building & Construction, Electrical & Electronics, Packaging, Others (Including Plastic Cutlery, Plastic Model Assembly Kits, Petri Dishes, CD Cases, Disposable Razors, etc.)) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Polystyrene & Expandable Polystyrene (EPS) Market is presumed to reach the market size of nearly USD 101.69 MN by 2030 from USD 50.48 BN in 2022 with a CAGR of 8.12% under the study period 2023 - 2030.

Polystyrene is made by converting styrene monomer into thermoplastic polymer. Polystyrene melts when heated over its melting point and becomes stiff when it cools. Polystyrene can be subjected to vacuum, moulding, and extrusion forming processes to manufacture numerous components for the electronics and construction industries. The expandable polystyrene (EPS) refers to a particular kind of polystyrene that can be expanded with the aid of air and fused to form blocks. It is critical for several food packaging applications, cost-effective cushion transport packaging material for shock-sensitive goods and energy-efficient insulation in construction applications. 

Market Dynamics 

The expanding demand within the packaging industries is predicted to drive growth in the worldwide polystyrene & EPS market. The market is also anticipated to grow by rising consumer electronics and electronic components demand. However, the market expansion is expected to be hampered shortly by raw material price volatility. Furthermore, the market for polystyrene and EPS is projected to be significantly constrained by the availability of high-performance replacements. Nonetheless, market players should have plenty of chances in the coming years, thanks to the shift toward recycled polystyrene products. 

The research 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 an inclusive assessment of each segment in the global market of polystyrene & expandable polystyrene (eps). The growth and trends of polystyrene & expandable polystyrene (eps) industry provide a holistic approach to this study. 

Market Segmentation

This section of the polystyrene & expandable polystyrene (eps) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Product

• Polystyrene
• Expandable Polystyrene (EPS)

By Polystyrene & EPS

• Building & Construction
• Electrical & Electronics
• Packaging
• Others (Including Plastic Cutlery, Plastic Model Assembly Kits, Petri Dishes, CD Cases, Disposable Razors, Etc.)

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Polystyrene & Expandable Polystyrene (EPS) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Polystyrene & Expandable Polystyrene (EPS) 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 polystyrene & expandable polystyrene (eps) market include S.C. Adeplast S.A., BASF SE, INEOS Styrenics, Kaneka Corporation, Nova Chemicals Corporation, Owens Corning Corporation, Total Petrochemicals & Refining USA, Inc. and Synthos S.A. This section consists of 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.