The Report Expanded Polystyrene(EPS) Market Analysis By Product, By Application
(Construction, Automotive, Packaging), By Region (North America, Europe, Asia
Pacific, Central & South America, MEA), And Segment Forecasts, 2018 - 2025
The global expanded polystyrene market is projected
to reach approximately USD 12.97 billion by 2025, according to a new report
conducted by Grand View Research, Inc. Rising growth of millennials and nuclear
families as well increase in disposable income towards consumption of single
use EPS containers provided by urban food outlets and takeaway stations is
expected to promote the usage of expanded polystyrene. In addition, innovation
in automotive sector including making cars more light weight and fuel efficient
by global car manufacturers will propel to the growth of EPS over the forecast
period.
EPS demand in packaging
industry are projected to grow at a CAGR of 5.0% from 2016 to 2025. High rate
of manufacturing capabilities across developing nations, growing rate of
exports across nations, and future growth in high rate of e-commerce business
is projected to keep extensive market reach for packaging products over the
next nine years.
The rate of inward
migration in regions like Europe, and North America will eventually increase
the rate of residence complexes aided by employment and spending capabilities
among consumers, which will surge the growth of construction sector as well as
fuel to the demand for EPS over the projected period.The concept of Green
building which requires extensive application of processes that includes
efficient use of energy, protecting occupant’s health, as well as reducing
waste, pollution, and environmental degradation is expected to be one of the
major driving factors for the growth of EPS.
Access
Research Report of Expanded Polystyrene Market @ www.grandviewresearch.com/industry-analysis/expanded-polystyrene-eps-market
Further key findings from the report suggest:
· Demand for EPS in North America will surge
in accordance with growth in automotive and packaging sector having a CAGR of
4.5% in terms of its application. Mature market such as U.S. have expanding
client request, greater interest in terms of innovations, as well as
implementation of designs.
· EPS growth in MEA region is expected to
witness growth with focus on exports of apparels, citrus fruits, foodstuffs,
electronic equipment well as jewelry adding to a revenue growth of 5.4% by
2025.
· White EPS demand will increase over the
projected period as emerging markets are investing on developing manufacturing
and packaging plants for global and domestic trade
· Grey EPS is set to witness a CAGR of 5.4%
from 2017 to 2025 in terms of revenue on account of its application in
construction of residential buildings. The properties of insulation derived
from graphite mixed expanded polystyrene is a key driver for its growth over
the forecast period.
· Key vendors include BASF, SABIC, DOW
chemicals, NOVA Chemicals, TOTAL SA, Versalis S.P.A., Unipol Holland BV, Ravago
group, Alpek S.A.B. De Cv, Styrochem, Brodr Sunde group, Synthos SA, Sunpor
Kunststoff GMBH, Kaneka Corporation, and ACH foam technologies. In May,2017,
Total inaugurated its Carling petroleum complex, which increased polystyrene production
capacity leading in Europe, upgraded Polyethylene unit to cater the health care
market by delivering advance plastics., and producing lighter plastics for
automotive market reducing the consumption of steel.
Grand View Research has
segmented the expanded polystyrene market on the basis of product and
application:
Expanded Polystyrene Product Outlook (Volume, Kilo Tons;
Revenue, USD Million; 2014 - 2025)
·
White
·
Grey
Expanded Polystyrene Application Outlook (Volume, Kilo
Tons; Revenue, USD Million; 2014 - 2025)
·
Construction
·
Packaging
·
Automotive
·
Others
Expanded Polystyrene Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa (MEA)
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
