Expanded Polystyrene Market to Reach Nearly USD 15.06 Billion, Growing at a CAGR of 4.6% by 2030 | Reports and data

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Rising demand for expanded polystyrene in the construction industry and growing adoption of expanded polystyrene for electronic product packaging are key factors driving the market revenue growth

The Global expanded polystyrene market The size is expected to reach USD 14.88 billion in 2030 and register a CAGR of 4.6% over the forecast period, according to a latest report by Reports and Data. Rising demand for expanded polystyrene in the construction industry and increasing adoption of expanded polystyrene for electronic packaging products are expected to drive the market revenue growth over the forecast period. The increasing adoption of expanded polystyrene for its decorative and imaginative appearance is expected to drive the growth of the expanded polystyrene market in the near future. Expanded polystyrene can improve the structural integrity and aesthetic design of floors and walls, thereby increasing the demand for expanded polystyrene. Rising demand for expanded polystyrene owing to low maintenance, long shelf life, and quick and economical construction is another factor increasing its adoption, which is expected to propel the market revenue growth in a near future.

Main actors– Arkema SA, Alpek, SAB de CV, SAB de CV, BASF SE, Evonik Industries AG, Styro Limited, Kaneka Corporation, Nova Chemical Corporation, Saudi Basic Industries Corporation, TotalEnergies SE and Epsilyte LLC.

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Some highlights of the report

  • The packaging segment is expected to account for a larger share of revenue during the forecast period. Growing need for proper packaging of consumer goods to protect their contents from damage during transportation, handling and storage is expected to drive the segment’s revenue growth. Growing use of expanded polystyrene owing to its wide application in several industries such as electronics, food and beverages for effective packaging is another factor expected to drive the growth of the segment.
  • The construction segment is expected to account for the largest revenue share in the global expanded polystyrene market between 2022 and 2030. Rising demand for expanded polystyrene for insulation purposes in the construction industry is driving the revenue growth of the segment. Another factor is the growing demand for expanded polystyrene for the construction of flooring and roofing of residential and commercial buildings. This is expected to drive the segment’s revenue growth.
  • The expanded polystyrene market in Asia-Pacific is expected to account for the largest share of global market revenue during the forecast period. The rapid growth of packaging and construction industries in the countries of the region is expected to drive the market revenue growth.
  • Companies profiled in the global market report include Arkema SA, Alpek, SAB de CV, SAB de CV, BASF SE, Evonik Industries AG, Styro Limited, Kaneka Corporation, Nova Chemical Corporation, Saudi Basic Industries Corporation, TotalEnergies SE and Epsilyte LLC.
  • In October 2021, Alpek, SAB de CV announced that it would conclude a comprehensive review of the global ESG landscape and the company’s role and responsibilities within it. Aplek has set targets for each of its materials issues, including commitments to achieve net greenhouse gas emissions from its global operations by 2050.

Key Regional Markets Covered in the Report:

  • North America (United States, Canada, Mexico)
  • Europe (Italy, UK, Germany, France, Rest of Europe)
  • Asia-Pacific (India, China, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, rest of Latin America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of Middle East and Africa)

Product Type Outlook (Revenue, USD Billion; Volume; Kilotons; 2019-2030)

  • white EPS
  • EPS gray
  • black EPS

Application Outlook (Revenue, USD Billion; Volume; Kilotons; 2019-2030)

  • Packaging
  • Insulation
  • Foaming
  • Component manufacturing
  • chemical intermediate

Frequently asked questions addressed in the report:

  • What is the estimated market revenue growth over the forecast period?
  • What are the key factors driving the revenue growth of the Global Expanded Polystyrene Market?
  • Which regional market is expected to account for the largest revenue share in the global Expanded Polystyrene Market during the forecast years?
  • Who are the key players in the global expanded polystyrene market?
  • What are the key findings of the SWOT analysis and Porter’s Five Forces market analysis?

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