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Expanded Polystyrene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Report I 2023-11-02 I 141 Pages I IMARC Group

The global expanded polystyrene market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2022-2028.

Expanded polystyrene (EPS) is a rigid, lightweight cellular plastic material comprising small, hollow spherical balls. It absorbs minimal water, provides low vapor permanence, and can be produced in varying densities and compressive strengths to withstand load and back-fill forces. As compared to the extruded (XPS) foam, EPS is considered a cost-efficient and high performing alternative in many insulation and construction applications. Moreover, it is employed in the manufacturing of trays, plates and fish boxes on account of its thermal resistance and formability.

EPS is an inert material that does not rot and keeps away pests like rats or termites. Consequently, it is used as an insulated panel system for walls, roofs and concrete floors in residential and commercial construction. It is further utilized as void-forming fill material in civil engineering projects as a lightweight fill in road and railway development and as a floatation material in the construction of pontoons and marinas. This, along with a considerable rise in construction activities, represents one of the key factors bolstering the market growth. Apart from this, the shock-absorbing characteristics make EPS ideal for storing and transporting wines, chemicals, electronic equipment and pharmaceutical products. Furthermore, it is gaining traction in the food and beverage (F&B) industry, wherein it is employed to retain moisture and maintain the freshness of perishable products, such as seafood, fruits and vegetables. Besides this, its applications are anticipated to expand in various end use industries, including packaging, decoration works and lifesaving equipment such as life jackets and buoys.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global expanded polystyrene market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and end use industry.

Breakup by Product:

White
Grey
Black

Breakup by End Use Industry:

Building and Construction
Packaging
Automotive
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alpek S.A.B. de C.V. (Grupo Industrial Alfa S.A.B de C.V), BASF SE, Dalian TianLi Engineering Plastic Co. Ltd., Evonik Industries AG (RAG-Stiftung), Jiangsu Nijiaxiang Group Co. Ltd., KANEKA CORPORATION, Ming Dih Group Corporation, Ravago, SABIC, Synthos, TOTAL SE and Xingda Group.

Key Questions Answered in This Report:
How has the global expanded polystyrene market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global expanded polystyrene market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global expanded polystyrene market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Expanded Polystyrene Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Product
6.1White
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Grey
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Black
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End Use Industry
7.1Building and Construction
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Packaging
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Automotive
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
13.3.1Alpek S.A.B. de C.V. (Grupo Industrial Alfa S.A.B de C.V.)
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.2BASF SE
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3Dalian TianLi Engineering Plastic Co. Ltd.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4Evonik Industries AG (RAG-Stiftung)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5Jiangsu Nijiaxiang Group Co. Ltd.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6KANEKA CORPORATION
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7Ming Dih Group Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8Ravago
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9SABIC
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10Synthos
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11TOTAL SE
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12Xingda Group
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio

Figure 1: Global: Expanded Polystyrene Market: Major Drivers and Challenges
Figure 2: Global: Expanded Polystyrene Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Expanded Polystyrene Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Expanded Polystyrene Market: Breakup by Product (in %), 2022
Figure 5: Global: Expanded Polystyrene Market: Breakup by End Use Industry (in %), 2022
Figure 6: Global: Expanded Polystyrene Market: Breakup by Region (in %), 2022
Figure 7: Global: Expanded Polystyrene (White) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Expanded Polystyrene (White) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Expanded Polystyrene (Grey) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Expanded Polystyrene (Grey) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Expanded Polystyrene (Black) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Expanded Polystyrene (Black) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Expanded Polystyrene (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Expanded Polystyrene (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Expanded Polystyrene (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Expanded Polystyrene (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Expanded Polystyrene (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Expanded Polystyrene (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Expanded Polystyrene (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Expanded Polystyrene (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: United States: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: United States: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Canada: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Canada: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Asia-Pacific: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Asia-Pacific: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: China: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: China: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Japan: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Japan: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: India: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: India: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: South Korea: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: South Korea: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Australia: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Australia: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Indonesia: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Indonesia: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Others: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Others: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Europe: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Europe: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Germany: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Germany: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: France: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: France: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United Kingdom: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United Kingdom: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Italy: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Italy: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Spain: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Spain: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Russia: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Russia: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Latin America: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Latin America: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Brazil: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Brazil: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Mexico: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Mexico: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Middle East and Africa: Expanded Polystyrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Middle East and Africa: Expanded Polystyrene Market: Breakup by Country (in %), 2022
Figure 69: Middle East and Africa: Expanded Polystyrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Global: Expanded Polystyrene Industry: SWOT Analysis
Figure 71: Global: Expanded Polystyrene Industry: Value Chain Analysis
Figure 72: Global: Expanded Polystyrene Industry: Porter's Five Forces Analysis

Table 1: Global: Expanded Polystyrene Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Expanded Polystyrene Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Expanded Polystyrene Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 4: Global: Expanded Polystyrene Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Expanded Polystyrene Market: Competitive Structure
Table 6: Global: Expanded Polystyrene Market: Key Players

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