Market Overview:
The global styrofoam densifiers 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 styrofoam densifiers from various end-use industries, such as mechanical equipment packaging, instrument packaging, household electrical packaging and crafts packaging. In addition, the growing awareness about environment protection has led to an increase in the demand for recyclable materials, which is further propelling the growth of the global styrofoam densifiers market. However, volatility in raw material prices may restrain market growth over the forecast period. On basis of type, EPS styrofoam densifier segment is projected to account for a larger share of global styrofoam densifiers market during 2018-2030 owing to its ability to recycle post-industrial waste into reusable products.
Product Definition:
Styrofoam densifiers are machines that compress styrofoam waste into dense blocks. This makes the material easier to store and transport, and also reduces its volume by up to 80%. Styrofoam densifiers are important for recycling programs, as they make it possible to recycle large quantities of styrofoam waste.
EPS Styrofoam Densifier:
EPS foam densifier is a type of polymer, which is added to the base EPS (Expanded Polystyrene) foam to increase its density. The product helps in increasing the density of polystyrene up to 200% and also increases its strength by almost 20%. It can be used with other additives including fillers, pigments, and dyes.
The global styrofoam densifiers market was valued at USD 865 million in 2016.
Cobalt Foam Densifier:
Cobalt (III) oxide is a chemical compound of rare earth metal with the formula Co3O8. It is a solid material, but when exposed to air it quickly turns into a white powder. This material has high thermal stability and can be used in high-temperature applications; however, its melting point is lower than that of styrene foams which makes it less desirable for densifier use.
Application Insights:
In terms of application, the market is categorized into mechanical equipment packaging, household electrical packaging, instrument packaging, crafts and other products. The mechanical equipment segment held the largest share in 2017. This can be attributed to extensive usage of EPS foams in manufacturing machines and tools for construction and mining industries. Moreover, increasing demand for lightweight materials with high strength properties is expected to propel product demand over the forecast period.
The household electricals segment is anticipated to witness a significant growth rate over the forecast period owing to rising use of styrofoam densifiers by major players operating in this sector such as Aar-Em Electronics Pvt Ltd., Sika¢â‚¬â„¢s Technologies Pvt Ltd.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing per capita income in emerging economies such as China, India, Indonesia, Vietnam and Thailand. Moreover, rising demand for consumer electronics products along with growing e-commerce industry will drive product demand further.
Europe was the second largest region in terms of revenue after Asia Pacific followed by North America on account of high consumption levels in countries such as Germany and U.S., respectively However Europe is anticipated to witness sluggish growth over the forecast period due to stringent environmental regulations regarding plastic usage which has limited innovation compared with styrofoam alternatives leading towards lower adoption rates over last few years especially when shipped across long distances or used for large scale construction projects where sustainability is key factor influencing product choice among customers.
Growth Factors:
- Increasing demand for styrofoam from the packaging and construction industries
- Rising awareness about the benefits of using densified styrofoam over traditional materials
- Growing popularity of densifiers among small and medium-sized businesses
- Technological advancements that make densifiers more efficient and user-friendly
- Government initiatives and regulations supporting the use of styrofoam
Scope Of The Report
Report Attributes
Report Details
Report Title
Styrofoam Densifiers Market Research Report
By Type
EPS Styrofoam Densifier, Cobalt Foam Densifier
By Application
Mechanical Equipment Packaging, Instrument Packaging, Household Electrical Packaging, Crafts Packaging
By Companies
GreenMax, Recycle Tech, Better Densifiers, Canon Virginia, Inc., Sebright Products
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Styrofoam Densifiers Market Report Segments:
The global Styrofoam Densifiers market is segmented on the basis of:
Types
EPS Styrofoam Densifier, Cobalt Foam Densifier
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
Mechanical Equipment Packaging, Instrument Packaging, Household Electrical Packaging, Crafts 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:
- GreenMax
- Recycle Tech
- Better Densifiers
- Canon Virginia, Inc.
- Sebright Products
Highlights of The Styrofoam Densifiers 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:
- EPS Styrofoam Densifier
- Cobalt Foam Densifier
- By Application:
- Mechanical Equipment Packaging
- Instrument Packaging
- Household Electrical Packaging
- Crafts 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 Styrofoam Densifiers 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?
Styrofoam densifiers are a type of insulation that is made from styrofoam. They are used to increase the density of Styrofoam products, making them more resistant to heat and moisture.
Some of the key players operating in the styrofoam densifiers market are GreenMax, Recycle Tech, Better Densifiers, Canon Virginia, Inc., Sebright Products.
The styrofoam densifiers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Styrofoam Densifiers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Styrofoam Densifiers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Styrofoam Densifiers Market - Supply Chain
4.5. Global Styrofoam Densifiers Market Forecast
4.5.1. Styrofoam Densifiers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Styrofoam Densifiers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Styrofoam Densifiers Market Absolute $ Opportunity
5. Global Styrofoam Densifiers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Styrofoam Densifiers Market Size and Volume Forecast by Type
5.3.1. EPS Styrofoam Densifier
5.3.2. Cobalt Foam Densifier
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Styrofoam Densifiers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Styrofoam Densifiers Market Size and Volume Forecast by Application
6.3.1. Mechanical Equipment Packaging
6.3.2. Instrument Packaging
6.3.3. Household Electrical Packaging
6.3.4. Crafts Packaging
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Styrofoam Densifiers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Styrofoam Densifiers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Styrofoam Densifiers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Styrofoam Densifiers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Styrofoam Densifiers Demand Share Forecast, 2019-2026
9. North America Styrofoam Densifiers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Styrofoam Densifiers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Styrofoam Densifiers Market Size and Volume Forecast by Application
9.4.1. Mechanical Equipment Packaging
9.4.2. Instrument Packaging
9.4.3. Household Electrical Packaging
9.4.4. Crafts Packaging
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Styrofoam Densifiers Market Size and Volume Forecast by Type
9.7.1. EPS Styrofoam Densifier
9.7.2. Cobalt Foam Densifier
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Styrofoam Densifiers Demand Share Forecast, 2019-2026
10. Latin America Styrofoam Densifiers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Styrofoam Densifiers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Styrofoam Densifiers Market Size and Volume Forecast by Application
10.4.1. Mechanical Equipment Packaging
10.4.2. Instrument Packaging
10.4.3. Household Electrical Packaging
10.4.4. Crafts Packaging
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Styrofoam Densifiers Market Size and Volume Forecast by Type
10.7.1. EPS Styrofoam Densifier
10.7.2. Cobalt Foam Densifier
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Styrofoam Densifiers Demand Share Forecast, 2019-2026
11. Europe Styrofoam Densifiers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Styrofoam Densifiers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Styrofoam Densifiers Market Size and Volume Forecast by Application
11.4.1. Mechanical Equipment Packaging
11.4.2. Instrument Packaging
11.4.3. Household Electrical Packaging
11.4.4. Crafts Packaging
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Styrofoam Densifiers Market Size and Volume Forecast by Type
11.7.1. EPS Styrofoam Densifier
11.7.2. Cobalt Foam Densifier
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Styrofoam Densifiers Demand Share, 2019-2026
12. Asia Pacific Styrofoam Densifiers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Styrofoam Densifiers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Styrofoam Densifiers Market Size and Volume Forecast by Application
12.4.1. Mechanical Equipment Packaging
12.4.2. Instrument Packaging
12.4.3. Household Electrical Packaging
12.4.4. Crafts Packaging
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Styrofoam Densifiers Market Size and Volume Forecast by Type
12.7.1. EPS Styrofoam Densifier
12.7.2. Cobalt Foam Densifier
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Styrofoam Densifiers Demand Share, 2019-2026
13. Middle East & Africa Styrofoam Densifiers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Styrofoam Densifiers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Styrofoam Densifiers Market Size and Volume Forecast by Application
13.4.1. Mechanical Equipment Packaging
13.4.2. Instrument Packaging
13.4.3. Household Electrical Packaging
13.4.4. Crafts Packaging
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Styrofoam Densifiers Market Size and Volume Forecast by Type
13.7.1. EPS Styrofoam Densifier
13.7.2. Cobalt Foam Densifier
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Styrofoam Densifiers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Styrofoam Densifiers Market: Market Share Analysis
14.2. Styrofoam Densifiers Distributors and Customers
14.3. Styrofoam Densifiers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GreenMax
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Recycle Tech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Better Densifiers
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Canon Virginia, Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sebright Products
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
