The global expanded polystyrene market was valued at USD xx million in 2017 and is esti-mated to reach USD xx million by 2025, with a CAGR of xx% during the forecast period from 2018 to 2025. Expanded polystyrene (EPS) is a rigid plastic, which is found in various shapes and applications. It is made from the expandable polystyrene. It is majorly used in the pack-aging and construction industries. However, the applications of EPS will vary in the various regions.
Drivers & Restraints
Growing applications of EPS in the packaging and construction industry is the primary driver of the market. EPS is widely used in the packaging applications. It is the best packaging ma-terial for the various products such as electronic components, electrical consumer goods, toys through to horticultural or garden products. Also, it gives complete protection to the industrial products and it is best suitable material for the automated production lines.
Increasing food packaging trends in the world will also drive the market for EPS in the near future. EPS is mostly preferred in the packaging of foods such as fish, shellfish, meat, fruits, and ice cream. Further, new applications for moulded EPS is the major opportunity of the market. EPS can be moulded in to any shape and allows it to be used for a wide variety of applications such as chairs, book covers, air conditioning units, frog houses, infant car seats, and many more.
Growing environmental regulations in North American and European countries are hinder-ing the EPS market growth. EPS is banned in a number of major US cities, including Wash-ington, DC, Minneapolis, San Francisco, Oakland, Portland, Albany and Seattle. It was banned in Muntinlupa in the state of Manila in the Philippines in 2010, in Toronto Canada in 2007, in Paris in 2007 and Corsica in France in 1997. EPS take-away containers and table-ware were banned in China from 1999 to 2013.
The global expanded polystyrene market is segmented based on product type and end user. Further, the market is classified based on end user in to packaging, construction, and others. Growing residential and commercial construction in the wold especially in the emerging economies are propelling the growth of EPS market. EPS is used in many aspects of building work including large structures such as roads, bridges, railway lines, public buildings or even small family residences. EPS is widely utilized in the construction industry owing to its prop-erties such as ow thermal conductivity, low weight, excellent mechanical resistance, ow wa-ter absorption, chemical resistance, and ageing resistance.
Packaging industry also one of the major end user of the market. Growing packaging indus-try in Asia-Pacific especially in the countries such as China, India, and South East Asia is driv-ing the EPS market. Asia-Pacific is leading the global packaging market with approximately 42% of the total market followed by Europe and North America with 26% and 22% respec-tively.
North America 22%
South America 5%
Rest of the World 5%
The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and rest of the world. Asia-Pacific is expected to be the fast-est growing region owing to the rapid growth in the construction industry and the strong demand in the packaging, especially in regions like India, China, and South East Asia. China will continue to forge ahead with strong, robust growth in packaging applications, and with strong growth expected for EPS over the next few years. The high capital investments by the key players in the region are also fuelling the growth of the market in the country.
North America and Europe are also expected to witness substantial growth primarily due to the increasing demand of packaging industry especially in packaged food sector.
Title: Global Expanded Polystyrene Market Share – By Geography, 2017
North America 30%
South America 5%
Rest of the World 5%
The global expanded polystyrene market is fragmented with many local and international manufacturers. Most of the companies in the world are showing interest towards increasing their production capacity of EPS. The report includes various companies such as BASF SE, Lanxess AG, SABIC, Formosa Plastic Group, Alpek, Kaneka Corporation, Nexkemia Petro-chemicals, Sunde Group, Synthos SA, and Jiangsu Nijiaxiang Chemical Co., Ltd.
Why purchase the report?
• Visualize the composition of the expanded polystyrene market across each indica-tion, in terms of production process and application highlighting the key commercial assets and players.
• Identify commercial opportunities in expanded polystyrene market by analysing trends and co-development deals.
• Excel data sheet with thousands of data points of the expanded polystyrene market level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the key expanded polystyrene market products of all major market players
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
1. Global Expanded Polystyrene Market – Methodology and Scope
1.1. Research Methodology
1.2. The scope of the Report
2. Global Expanded Polystyrene Market – Trends
2.1. Key Trends & Developments
3. Global Expanded Polystyrene Market – Industry Analysis
3.1. Industry Impact Factors (Drivers & Restraints)
3.2. Competitive Intensity- Porter 5 Forces
3.3. Regulatory Analysis
4. Global Expanded Polystyrene Market – By Product Type
5. Global Expanded Polystyrene Market – By End User
5.1. Building and Construction
6. Global Expanded Polystyrene Market – By Geography
6.1. North America
6.1.1. The United States
6.2. South America
6.2.3. Rest of South America
6.3.2. United Kingdom
6.3.6. Rest of Europe
6.4.5. Rest of Asia-Pacific
6.5. Rest of the World
7. Global Expanded Polystyrene Market – Competitive Landscape
7.1. Market Player Analysis
7.2. Key Strategies adopted by Manufacturers
7.3. Product Benchmarking
8. Global Expanded Polystyrene Market – Company Profiles*
8.1. BASF SE
8.2. Lanxess AG
8.4. Formosa Plastic Group
8.6. Kaneka Corporation
8.7. Nexkemia Petrochemicals
8.8. Sunde Group
8.9. Synthos SA
8.10. Jiangsu Nijiaxiang Chemical Co., Ltd.
*Additional company profiles will be included on client request.
9. Global Expanded Polystyrene Market – Appendix