Expanded Polystyrene (EPS) Market Scope
Expanded polystyrene (EPS) is a rigid and lightweight insulation material with various properties such as shock absorption, resistance to humidity, resistance to compression, retention to vitamin C, hygienic, and resistance to chemicals. It finds applications in the automotive, furnishing, packaging, and construction industry. he market is anticipated to grow substantially during the forecast period owing to a growing packaging industry in the developed economies. Additionally, recent technological advancements and product developments have provided a major thrust to the market’s growth.
The market study is being classified by Type (White, Grey and Black) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Expanded Polystyrene (EPS) market throughout the predicted period.
Wuxi Xingda (China), Synthos (Poland), BASF (Germany), Total (France), SUNPOR KUNSTSTOFF (Austria), The Ravago Group (Belgium), Alpek (Mexico), VERSALIS (Italy), Nova Chemicals (United States), Flint Hills Resources (United States) and PJSC SIBUR HOLDING (Russia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Kaneka Corporation (Japan), Atlas Roofing Corporation (United States), BEWiSynbra Group (Sweden), Brødr. Sunde A/S (Norway), Nexkemia Petrochemicals (Canada) and Unipol Holland (Netherlands).
AdvanceMarketAnalytics has segmented the market of Global Expanded Polystyrene (EPS) market by Type, Application and Region.
On the basis of geography, the market of Expanded Polystyrene (EPS) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Advantage Over Competitive Materials
- Upsurging Construction and Packaging Industries in Developing Countries
- Increasing Demand due to Expanded Polystyrene (EPS) is employed in a major pharmaceutical industry application of cold chain packaging as it ensures product safety
- Polystyrene Products Can Be Recycled Easily
- Volatility in Crude Oil Prices
- Availability of High-Performance Substitutes
- China’s Slowing Economy
- Increasing Preference for Molded Pulp Packaging
- Ban on EPS in Major Economies
Key Target AudienceExpanded Polystyrene (EPS) Manufacturer, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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