Market Overview:
The global expandable polystyrene market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for expanded polystyrene in various applications, such as building & construction, packaging, and others. In terms of type, the white expanded polystyrene segment is expected to lead the global expandable polystyrene market during the forecast period. This can be attributed to its properties such as thermal insulation and high-impact resistance.
Product Definition:
Expandable polystyrene is a synthetic polymer made from the monomer styrene, in the form of small beads. It is usually produced by suspension polymerization. When heated above its glass transition temperature, it expands to many times its original size.
White Expanded Polystyrene:
White Expanded Polystyrene (WXP) is a form of polystyrene that has been processed to remove the color. It is used in various end-use industries such as food packaging, furniture, and automotive. The major factor driving the global expandable polystyrene market includes its properties such as lightweight, recyclability and high strength which makes it suitable for use in various industries.
Expandable polystyrene can be recycled into many different shapes.
Grey Expanded Polystyrene:
Grey expanded polystyrene (GXP) is a form of low-density polyethylene. It has properties such as high resistance to abrasion, chemical and heat resistance, light transparency and rigidity which make it suitable for use in packaging applications. The product is used in the manufacturing of various food & beverage containers, carry outs cups & boxes among others.
The major application areas where grey expanded polystyrene is used include consumer goods packaging and construction among others.
Application Insights:
Building & construction was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. The product is used for various applications in building & construction such as insulation, roofing foams, sealants and adhesives. It is also used for architectural design features such as window panels, door panels and exterior trims.
The packaging segment held a substantial share of 16% in 2016 owing to extensive usage of EPS foam by major packaging companies including Federal Cartridge Corporation., Iglo Group Inc., Laporte Packaging S.A., Pactiv LLC among others for its innovative designs that offer flexibility while maintaining stability during transit or storage activities without any damage or wear caused to products during transportations.
Regional Analysis:
Asia Pacific dominated the global expandable polystyrene market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid urbanization, increasing disposable income, and growing construction activities in emerging economies such as China and India. In addition, rising demand for food packaging from countries such as Japan is anticipated to drive product demand over the forecast period.
The Asia Pacific has witnessed a significant rise in white expanded polystyrene (EWPS) production capacity with expansions by existing manufacturers coupled with new plant launches since 2014. For instance, Emporia Styrenic launched a new EWP facility at their Malaysia plant which has an annual production capacity of 300 kilotons in 2018 thereby becoming one of the largest exporters across Southeast Asia. Furthermore000 expansion projects are currently ongoing or under consideration by various companies including Jabil Circuit Inc., Ineo styrolution Sdn Bhd., Sinopec Group etc.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and packaging is expected to drive the growth of expandable polystyrene market over the forecast period.
- Rising disposable income coupled with changing lifestyle of consumers is anticipated to boost the demand for expandable polystyrene products in the near future.
- Growing awareness about benefits of using EPS products over traditional materials is projected to fuel the expansion of EPS market in upcoming years.
- Technological advancements and innovations are likely to offer new opportunities for expansion of EPS industry in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Expandable Polystyrene Market Research Report
By Type
White Expanded Polystyrene, Grey Expanded Polystyrene, Black Expanded Polystyrene
By Application
Building & Construction, Packaging, Others
By Companies
ACH Foam Technologies, LLC (U.S.), Alpek SAB de CV (Mexico), BASF SE (Germany), Kaneka Corporation (Japan), PJSC SIBUR Holding (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), SUNPOR KUNSTSTOFF GmbH (Austria), Synbra Holding bv (Netherlands), Synthos S.A. (Poland), Total S.A. (France)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Expandable Polystyrene Market Report Segments:
The global Expandable Polystyrene market is segmented on the basis of:
Types
White Expanded Polystyrene, Grey Expanded Polystyrene, Black Expanded Polystyrene
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building & Construction, Packaging, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ACH Foam Technologies, LLC (U.S.)
- Alpek SAB de CV (Mexico)
- BASF SE (Germany)
- Kaneka Corporation (Japan)
- PJSC SIBUR Holding (Russia)
- Saudi Basic Industries Corporation (SABIC) (Saudi Arabia)
- SUNPOR KUNSTSTOFF GmbH (Austria)
- Synbra Holding bv (Netherlands)
- Synthos S.A. (Poland)
- Total S.A. (France)
Highlights of The Expandable Polystyrene Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- White Expanded Polystyrene
- Grey Expanded Polystyrene
- Black Expanded Polystyrene
- By Application:
- Building & Construction
- Packaging
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Expandable Polystyrene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Expandable polystyrene is a type of plastic that can be expanded to many times its original size. This makes it an ideal material for use in products such as packing peanuts, insulation, and Styrofoam cups.
Some of the major companies in the expandable polystyrene market are ACH Foam Technologies, LLC (U.S.), Alpek SAB de CV (Mexico), BASF SE (Germany), Kaneka Corporation (Japan), PJSC SIBUR Holding (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), SUNPOR KUNSTSTOFF GmbH (Austria), Synbra Holding bv (Netherlands), Synthos S.A. (Poland), Total S.A. (France).
The expandable polystyrene market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Expandable Polystyrene Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Expandable Polystyrene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Expandable Polystyrene Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Expandable Polystyrene Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Expandable Polystyrene Market Size & Forecast, 2020-2028
4.5.1 Expandable Polystyrene Market Size and Y-o-Y Growth
4.5.2 Expandable Polystyrene Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 White Expanded Polystyrene
5.2.2 Grey Expanded Polystyrene
5.2.3 Black Expanded Polystyrene
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Building & Construction
6.2.2 Packaging
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Expandable Polystyrene Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Expandable Polystyrene Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 White Expanded Polystyrene
9.6.2 Grey Expanded Polystyrene
9.6.3 Black Expanded Polystyrene
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Building & Construction
9.10.2 Packaging
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 White Expanded Polystyrene
10.6.2 Grey Expanded Polystyrene
10.6.3 Black Expanded Polystyrene
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Building & Construction
10.10.2 Packaging
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 White Expanded Polystyrene
11.6.2 Grey Expanded Polystyrene
11.6.3 Black Expanded Polystyrene
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Building & Construction
11.10.2 Packaging
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 White Expanded Polystyrene
12.6.2 Grey Expanded Polystyrene
12.6.3 Black Expanded Polystyrene
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Building & Construction
12.10.2 Packaging
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 White Expanded Polystyrene
13.6.2 Grey Expanded Polystyrene
13.6.3 Black Expanded Polystyrene
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Building & Construction
13.10.2 Packaging
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Expandable Polystyrene Market: Competitive Dashboard
14.2 Global Expandable Polystyrene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ACH Foam Technologies, LLC (U.S.)
14.3.2 Alpek SAB de CV (Mexico)
14.3.3 BASF SE (Germany)
14.3.4 Kaneka Corporation (Japan)
14.3.5 PJSC SIBUR Holding (Russia)
14.3.6 Saudi Basic Industries Corporation (SABIC) (Saudi Arabia)
14.3.7 SUNPOR KUNSTSTOFF GmbH (Austria)
14.3.8 Synbra Holding bv (Netherlands)
14.3.9 Synthos S.A. (Poland)
14.3.10 Total S.A. (France)
