Expanded Polystyrene (EPS) Market size was valued at USD 9.69 Billion in 2021, registering a CAGR of 4.79% during the forecast period (2022-2030), and the market is projected to be worth USD 14.76 Billion by 2030.
Expanded Polystyrene (EPS) is a cellular plastic polymer that is lightweight and made up of tiny hollow spherical balls. The amazing properties of EPS are due to its closed cellular structure. It is a well-known insulation material that is utilised in a variety of applications because to its light yet firm foam that provides strong thermal insulation and great impact resistance.
Expanded Polystyrene (EPS) Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product Type (White EPS, Grey EPS, Black EPS), application (Packaging, Insulation, Foaming, Component Manufacturing, Chemical Intermediate), By End-Use (Electronics, Construction, Automotive, Consumer Goods, Foods & Beverages, Others) and companies (NOVA Chemicals Corporation, Flint Hills Resources, and Sibur., Wuxi Xingda foam plastic new material Limited by Share Ltd., Synthos, BASF SE, Sunpor, Ravago, Alpek S.A.B. de C.V., Versalis S.p.A), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.79%, over the forecast period of 2022–2030.
The increased adoption of Expanded Polystyrene (EPS) in the Specialty Polymers industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Expanded Polystyrene (EPS) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Expanded Polystyrene (EPS) in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||14.76 Billion|
|By Product Type||White EPS, Grey EPS, Black EPS|
|By Application||Packaging, Insulation, Foaming, Component Manufacturing, Chemical Intermediate|
|By End-Use||Electronics, Construction, Automotive, Consumer Goods, Foods & Beverages, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||NOVA Chemicals Corporation, Flint Hills Resources, and Sibur., Wuxi Xingda foam plastic new material Limited by Share Ltd., Synthos, BASF SE, Sunpor, Ravago, Alpek S.A.B. de C.V., Versalis S.p.A.|
The COVID-19 pandemic has had a substantial negative influence on the Expanded Polystyrene (EPS) market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
NOVA Chemicals Corporation, Flint Hills Resources, and Sibur., Wuxi Xingda foam plastic new material Limited by Share Ltd., Synthos, BASF SE, Sunpor, Ravago, Alpek S.A.B. de C.V., Versalis S.p.A.
Market Segment Analysis:
By Product Type
- White EPS
- Grey EPS
- Black EPS
- Component Manufacturing
- Chemical Intermediate
- Consumer Goods
- Foods & Beverages
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Expanded Polystyrene (EPS) industries in the region.
Key Expanded Polystyrene (EPS) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Expanded Polystyrene (EPS) Market segments.
– Largest Market Share Held by Industry to Industry for Expanded Polystyrene (EPS)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Expanded Polystyrene (EPS) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
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There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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