Market Overview:
The global high-impact polystyrene market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-impact polystyrene from the building & construction and packaging industries. Additionally, the growing population and rising disposable income are also contributing to the growth of the market. However, volatility in raw material prices may restrain market growth over the forecast period. On basis of type, white EPS is expected to account for a larger share of the global high-impact polystyrene market than grey EPS during 2018–2030 owing to its superior properties such as impact resistance and thermal insulation. On basis of application, building & construction is projected to be a key application segment for high-impact polystyrene during 2018–2030 due its ability to provide structural strength and thermal insulation in buildings & structures.
Product Definition:
High-impact polystyrene (HIPS) is a type of plastic that is used to make products such as cups, bowls, and packaging. It is important because it can be recycled and reused multiple times.
White EPS:
White Expanded Polystyrene (W EPS) is a form of polystyrene that has had the color removed during processing. It is used in various end-use industries including consumer goods, packaging, and construction. The growth factor for high-impact polystyrene market was driven by strong demand from the building & construction sector which uses white expanded polystyrene as a substitute to traditional materials such as clay and concrete.
Grey EPS:
The global grey EPS market size was estimated at USD 1.10 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand in high-impact polystyrene (HIPS) production. Grey expanded polystyrene is a type of low-density polyethylene used as an insulation material for buildings, automobiles, appliances, and packaging solutions on account of its properties such as lightweight & high thermal efficiency.
Application Insights:
Building and construction was the largest application segment in 2017. High-impact polystyrene is used for insulation purposes in this sector. It is also used to make panels for soundproofing, thermal insulation and noise barriers. In addition, it finds applications as a structural component in buildings including electrical boxes, pipes/cables trays & mounts and shelf supports owing to its light weight properties along with excellent impact strength.
The packaging segment accounted for over 15% of the overall market share in 2017 on account of high demand from end-use industries such as food processing plants, pharmaceuticals & medical devices manufacturing facilities among others across the globe due to its lightweight characteristics which reduces transportation costs significantly while increasing productivity at the same time.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to rapid industrialization and urbanization. The construction industry in Asia Pacific has observed a significant growth due to increasing population, which has led to an increased demand for residential as well as commercial buildings. This, in turn, is likely to propel product demand over the next eight years.
Europe accounted for a share of more than 25% of global market volume in 2017 owing high consumption of impact polystyrene by packaging application industries such as food delivery services and logistics providers across Germany, U.K.
The Middle East & Africa was one of the largest consumers due its rapidly growing construction industry coupled with rising disposable income especially after 2015 oil price drop which resulted into increased spending on housing sector leading into higher product demand from building & construction applications industries such as roofing tiles.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and packaging is expected to drive the growth of the high-impact polystyrene market over the forecast period.
- Rising disposable income and changing lifestyle of consumers in developing countries is anticipated to boost the demand for high-impact polystyrene products over the next few years.
- Growing awareness about benefits of using high impact polystyrene products among consumers is projected to fuel market growth in near future.
- Technological advancements in manufacturing process coupled with increasing investments by key players are likely to propel market expansion during forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
High-Impact Polystyrene Market Research Report
By Type
White EPS, Grey EPS
By Application
Building & Construction, Packaging
By Companies
BASF SE (Germany), Total S.A. (France), Synthos S.A. (Poland), Kaneka Corporation (Japan), ACH Foam Technologies, LLC (U.S.), Synbra Holding B.V. (The Netherlands), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia)
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global High-Impact Polystyrene Market Report Segments:
The global High-Impact Polystyrene market is segmented on the basis of:
Types
White EPS, Grey EPS
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
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:
- BASF SE (Germany)
- Total S.A. (France)
- Synthos S.A. (Poland)
- Kaneka Corporation (Japan)
- ACH Foam Technologies, LLC (U.S.)
- Synbra Holding B.V. (The Netherlands)
- Saudi Basic Industries Corporation (SABIC) (Saudi Arabia)
Highlights of The High-Impact 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 EPS
- Grey EPS
- By Application:
- Building & Construction
- Packaging
- 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 High-Impact 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
High-impact polystyrene (HIPS) is a type of plastic that is made from styrene and other chemicals. HIPS is strong, but it can be brittle, so it's not always the best choice for products that need to be durable.
Some of the major companies in the high-impact polystyrene market are BASF SE (Germany), Total S.A. (France), Synthos S.A. (Poland), Kaneka Corporation (Japan), ACH Foam Technologies, LLC (U.S.), Synbra Holding B.V. (The Netherlands), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia).
The high-impact 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 High-Impact 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 High-Impact Polystyrene Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 High-Impact 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 High-Impact 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 High-Impact Polystyrene Market Size & Forecast, 2020-2028 4.5.1 High-Impact Polystyrene Market Size and Y-o-Y Growth 4.5.2 High-Impact 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 EPS
5.2.2 Grey EPS
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
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-Impact 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 High-Impact 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 EPS
9.6.2 Grey EPS
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
9.11 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 EPS
10.6.2 Grey EPS
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
10.11 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 EPS
11.6.2 Grey EPS
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
11.11 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 EPS
12.6.2 Grey EPS
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
12.11 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 EPS
13.6.2 Grey EPS
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
13.11 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 High-Impact Polystyrene Market: Competitive Dashboard
14.2 Global High-Impact Polystyrene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE (Germany)
14.3.2 Total S.A. (France)
14.3.3 Synthos S.A. (Poland)
14.3.4 Kaneka Corporation (Japan)
14.3.5 ACH Foam Technologies, LLC (U.S.)
14.3.6 Synbra Holding B.V. (The Netherlands)
14.3.7 Saudi Basic Industries Corporation (SABIC) (Saudi Arabia)