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The length and percentage of the global expanded polystyrene market is lately valued at $10. 12 billion in 2022 and is expected to generate an estimated profit of $22. 26 billion through 2032, according to the latest from Polaris Market Research. Furthermore, the report notes that the market is showing a compound annual expansion rate (CAGR) of 8. 3% over the forecasted period, 2023-2032. Some of the major companies in operation include Alpek, Atlas Roofing Corporation, BASF SE, BEWiSynbra Group, Flint Hills Resources, Jablite Group, Kaneka Corporation, Kingspan Group, Nova Chemicals, and others.
New York, NY, November 7, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has released a recent report titled “Expanded Polystyrene Market Share, Size, Finishes, Industry Analysis Report, Across Product (White Expanded Polystyrene, Offset Expanded Polystyrene), Black Expanded Polystyrene); By application; By end use; By region; Segment Forecast, 2023 – 2032” in its database.
The global expanded polystyrene market size/share is lately valued at $10. 12 billion in 2022 and is expected to generate an estimated profit of $22. 26 billion through 2032, according to the latest from Polaris Market Research. Furthermore, the report notes that the market is showing a solid compound annual expansion rate (CAGR) of 8. 3% over the forecasted period, 2023-2032.
What exactly is Expanded Polystyrene?What is the Expanded Polystyrene (EPS) Market Size?
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Expanded polystyrene, or EPS, is a lightweight plastic foam fabric derived from forged polystyrene beads. To achieve the correct shape, the forged thermoplastic polystyrene is heated to a maximum temperature and then forged again. Comparing expanded polystyrene with the original polystyrene granule, the volume of the latter is surprisingly forty-five times larger. EPS is manufactured from crude oil and has a number of favorable qualities, such as cost-effectiveness, resistance to chemicals and bacteria, a noticeable effect on strength, energy efficiency, and dimensional stability. It is also fully thermally insulated.
In addition, EPS is a curtain used in many common programs because it is more advantageous than other fabrics due to its strength, durability, light weight, thermal insulation, and surprise absorption capabilities. These qualities, along with its performance, adaptability and affordability, have made EPS a prized material for structures and packaging for more than 50 years. As a result, the expanded polystyrene market is developing rapidly.
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(The pattern in this report is available upon request. The pattern report comprises a brief introduction to the study report, a table of contents, a graphical appearance of the regional analysis, the key players in the market with their earnings analysis, and our research methodology. )
Key findings of the report
The increasing use of EPS in the packaging and structures sectors is driving the polystyrene industry.
The expanded polystyrene market segmentation is mainly based on applications, products, regions, and end-users.
Asia-Pacific defeated the market in 2022.
Featured Leader in the Report
Alps
Atlas Roofing Company
BASF SE
BEWiSynbra Group
Flint Hills Resources
Jablite Group
Kaneka Corporation
Kingspan Group
Nova Chemicals
PJSC SIBUR HOLDING
Saudi Society of Basic Industries
SUNBY KUNSTSTOFF
Synths
The Ravago Group
BE TOTAL
VERSALIS
Wuxi Xingda
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Important Market Growth Aspects
Increased use in the structure industry: Polystyrene framing is widely used in the framing and framing industries. Its wide diversity of uses includes insulated panel systems for ceiling, wall and floor installations, as well as playing a role in residential and advertising structure. Facades.
Provides fill for void formation: When it comes to civil engineering projects, EPS is used as a fill for void formation, a lightweight fill for the construction of railways and roads, and even as a floating curtain for the construction of pontoons and marinas. Durability, strength and low weight, it is widely accepted in the industry and is highly adaptable, thus expanding the market demand for expanded polystyrene.
Latest Key Market Trends
Widely used in cold chain packaging: Due to its impressive insulating qualities, expanded polystyrene foam is used in bloodless chain packaging to safely ship perishable goods, especially in the food and pharmaceutical industries. Since EPS products are more occasionally used in various industries, as expanded polystyrene market profits are expected to increase.
Green Building: Due to its air-locked structure, low thermal conductivity, low water absorption, mechanical hardness, and sound resistance, EPS is now the most productive choice for green building and a design element. Its features provide observable environmental benefits, such as breakthrough structural durability, increased energy efficiency, and improved indoor environmental quality.
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Industry Overview
The white expanded polystyrene sector accounts for the largest percentage of revenue
The growing demand for parts for packaging applications, such as consumer products, electronics, and food packaging (such as food trays, cups, and clamshell containers), is driving this situation. In addition, white expanded polystyrene is found in several other industries, adding sports helmets, furniture, auto parts, and building materials.
Moreover, during the forecasted period, the grey expanded polystyrene sector is expected to grow at the fastest rate in the expanded polystyrene market. This accumulation is the result of the growing demand for sustainable and environmentally friendly structural methods, which lead to the use of grey expanded polystyrene as an insulating curtain in structural projects.
The structures sector dominated the market
With approximately 44. 0% of the industry’s total profit percentage in 2022, the structural programs sector has become the dominant force. Increased demand for expanded polystyrene (EPS) in structural programs is expected to drive this functionality during the projection period.
Moreover, due to the increasing need for electric force guidance (EPS) in a variety of automotive components, such as footpegs, headrests, seats, garage compartments, and bumper systems, the automotive industry is expected to witness significant expansion in the coming years.
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Expanded Polystyrene (EPS) Market: Scope of Report
Report Attribute
Details
Revenue forecast in 2032
$22. 26 billion
Market Size Value in 2023
$10. 89 billion
Expected Growth CAGR
8. 3% from 2023 to 2032
Forecast year
2023 – 2032
Segments Covered
By product, by application, by end-use, by region
Customization Options
Custom shopping features should be available to meet all search needs. Explore Traditional Shopping Features
Geographic Perspectives
Asia-Pacific: For 2022, there are reasons to expand product demand in key industrial sectors in expanding economies such as China and India, adding structure, automotive, and packaging. Among them, the increase in urban population, emerging degrees of disposable income use, and government systems such as “Housing for All” in India are key points driving the expansion of the structural sector in the Asia-Pacific region.
Europe: Europe is expected to grow during the projection era due to significant demand for expanded polystyrene (EPS) from the packaging, automotive, and structures sectors. Due to its adaptability to other shapes and its simplicity of molding, EPS is a vital element. resource for a wide variety of industries.
Explore the detailed report “Expanded Polystyrene Market Share, Size, Finishes, Industry Analysis Report, by Product (White Expanded Polystyrene, Grey Expanded Polystyrene, Black Expanded Polystyrene); by application; by end-use; by region; segment forecast, 2023 – 2032” with TOC detailed in: https://www. polarismarketresearch. com/industry-analysis/expanded-polystyrene-market
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Common Market Questions Answered in the Report
What is the Expanded Polystyrene Market Duration and Forecast Period?
What is the expected expansion rate of the market during the forecast period?
What points are driving the expansion of the market?
What are the key and market trends?
Which region has the highest percentage in expanded polystyrene market?
What are the suppliers in the market?
Which segments dominate the market?
Polaris Market Research has segmented the Coronary Stents market report based on product, application end-use, and region:
By Product Information
White expanded polystyrene
Grey expanded polystyrene
Black expanded polystyrene
By the Outlook app
packing
Frothy
Isolation
Construction
Chemical Intermediate
By End-Use Outlook
Electronics
Car
Construction
Food Drink
Consumer Goods
Other
Perspectives across the region
North America (United States, Canada)
Europe (France, Germany, United Kingdom, Italy, Netherlands, Spain, Russia)
Asia-Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Israel, South Africa, Saudi Arabia, United Arab Emirates)
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About Polaris Market Research:
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