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Redding, California - October 25, 2024

Expanded Polystyrene Market to be Worth $16.1 Billion by 2031

Expanded Polystyrene Market Size, Share, Forecast, & Trends Analysis by Type (White, Grey, Black), Form (Sheets, Foam, Foam), End User (Packaging, Building and Construction, Consumer Goods), and Geography—Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Expanded Polystyrene Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the expanded polystyrene market is projected to reach $16.1 billion by 2031, at a CAGR of 5.8% from 2024–2031.

The expanded polystyrene market is experiencing growth propelled by increasing demand for protective packaging solutions and thermal insulation in the construction sector. However, environmental concerns related to expanded polystyrene hinder market growth.

In addition, the surging demand from the automotive industry and increasing demand for insulated packaging for temperature-sensitive products in healthcare are considered potential growth opportunities for market players. The market faces substantial challenges, including issues related to EPS disposal and recycling. Furthermore, the rising demand for EPS in food packaging and the growing demand for EPS in e-commerce for packaging fragile items are a prominent trend in the expanded polystyrene market.

Key Players:

The expanded polystyrene market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the expanded polystyrene market include BASF SE (Germany), TotalEnergies SE (France), Synthos S.A. (Poland), Kaneka Corporation (Japan), ALPEK, S.A.B. de C.V. (Mexico), Ravago Manufacturing (U.S.), Atlas Roofing Corporation (U.S.), Versalis S.p.A. (Italy), SIBUR International GmbH (Austria), SABIC (Saudi Arabia), NOVA Chemicals Corporation (Canada), Supreme Petrochem Ltd (India), Epsilyte LLC (U.S.), BEWI ASA (Norway), and Knauf Appliances (India)

The expanded polystyrene market is segmented based on type, form, and end user. The report also evaluates industry competitors and analyzes the expanded polystyrene market at the regional and country levels.

Among the types studied in this report, the white segment is anticipated to dominate the expanded polystyrene market in 2024. The significant growth of white EPS is driven by its ability to reduce shipping costs for packaged products and its increasing adoption in buildings and appliances due to its low thermal conductivity. These factors contribute to the segment's dominant position in the expanded polystyrene market.

Among the forms studied in this report, the sheets segment is anticipated to dominate the expanded polystyrene market in 2024. The growing use of EPS sheets in housing appliances, electronic components, and toy manufacturing, along with their rapid adoption for food packaging and laboratory equipment, are key factors contributing to the segment's dominant position in the expanded polystyrene market.

Among the end users studied in this report, the packaging segment is anticipated to dominate the expanded polystyrene market in 2024. The strong growth of EPS for protective packaging—designed to safeguard electronics, glassware, and pharmaceutical products during shipment and transportation—along with increased efforts by key players to develop sustainable EPS solutions to minimize environmental impact, and the rising use of disposable packaging in fast-food chains, are factors contributing to the segment's dominant position in the expanded polystyrene market.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, Netherlands, Switzerland, Sweden, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Singapore, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, and Rest of Latin America), and Middle East & Africa (UAE, Saudi Arabia, Israel, and Rest of Middle East & Africa).

Among the geographies studied in this report, Asia-Pacific is anticipated to dominate the expanded polystyrene market in 2024. The strong presence of major EPS manufacturing companies in the region, increased demand from the construction industry due to its energy and sound insulation properties, and the rise in automotive production are key factors contributing to the market’s dominant position.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6057

Key Questions Answered in the Report-

What is the value of revenue generated by the type, form, and end user?
At what rate is the global demand for expanded polystyrene projected to grow for the next five to seven years?
What is the historical market size and growth rate for the expanded polystyrene market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which offering segments create major traction in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the expanded polystyrene market?
Who are the major players in the expanded polystyrene market? What are their specific product offerings in this market?
What recent developments have taken place in the expanded polystyrene market? What impact have these strategic developments created on the market?

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Redding, California - October 25, 2024

Expanded Polystyrene Market to be Worth $16.1 Billion by 2031

Expanded Polystyrene Market Size, Share, Forecast, & Trends Analysis by Type (White, Grey, Black), Form (Sheets, Foam, Foam), End User (Packaging, Building and Construction, Consumer Goods), and Geography—Global Forecast to 2031

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