San Francisco 2 May 2019 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 @ http://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.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
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)
Access Press Release of
Expanded Polystyrene Market@ https://www.grandviewresearch.com/press-release/global-expanded-polystyrene-eps-market
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.
