Expanded Polystyrene Market Size

Global Expanded Polystyrene (EPS) Market

Introduction
1. Study Objective
2. Scope of the report
3. Market Taxonomy
4. Study Assumptions and Abbreviations
Research Methodology
1. Secondary Research
2. Primary Research
3. SPSS Approach
4. Data Triangulation
Executive Summary
Global Industry Overview
1. Market Overview
2. Regional Synopsis
3. Industry Supply Chain Analysis
4. DROT
  1. Driver
  2. Restraint
  3. Opportunities
  4. Trends
5. Government Regulation: How they would Aid the Business?
6. Competitive Landscape
  1. BASF SE
  2. Dow Chemical Company
  3. Synthos S.A.
  4. Total Energies SE
  5. SytroChem International
  6. SABIC
  7. NOVA Chemicals Corporation
  8. Kaneka Corporation
  9. SUNPOR Kunststoff GmbH
  10. Epsilyte LLC
7. Recent Development Analysis
8. Industry Risk Assessment
9. SWOT Analysis
Global Outlook and Projections
1. Global Overview
  1. Market Value (USD Million) Current and Future Projections, 2024-2037
  2. Increment $ Opportunity Assessment, 2024-2037
  3. Year-on-Year Growth Forecast (%)
2. Global Segmentation (USD Million), 2024-2037, By
  1. Density, Value (USD Million)
    1. Low Density
    2. High Density
  2. End use Industry, Value (USD Million)
    1. Packaging
    2. Automotive
    3. Others
  3. Regional Synopsis Value (USD Million) 2024-2037
    1. North America
    2. Europe
    3. Asia Pacific
    4. Latin America
    5. Middle East and Africa
North America Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2024-2037
  2. Increment $ Opportunity Assessment, 2024-2037
  3. Year-on-Year Growth Forecast (%)
2. Segmentation (USD Million), 2024-2037, By
  1. Density, Value (USD Million)
    1. Low Density
    2. High Density
  2. End use Industry, Value (USD Million)
    1. Packaging
    2. Automotive
    3. Others
  3. Country Level Analysis Value (USD Million), 2024-2037
    1. U.S.
    2. Canada
Europe Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2024-2037
  2. Increment $ Opportunity Assessment, 2024-2037
  3. Year-on-Year Growth Forecast (%)
2. Segmentation (USD Million), 2024-2037, By
  1. Density, Value (USD Million)
    1. Low Density
    2. High Density
  2. End use Industry, Value (USD Million)
    1. Packaging
    2. Automotive
    3. Others
  3. Country Level Analysis Value (USD Million), 2024-2037
    1. UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. NORDIC
    7. Russia
    8. Rest of Europe
Asia Pacific Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2024-2037
  2. Increment $ Opportunity Assessment, 2024-2037
  3. Year-on-Year Growth Forecast (%)
2. Segmentation (USD Million), 2024-2037, By
  1. Density, Value (USD Million)
    1. Low Density
    2. High Density
  2. End use Industry, Value (USD Million)
    1. Packaging
    2. Automotive
    3. Others
  3. Country Level Analysis Value (USD Million), 2024-2037
    1. China
    2. Japan
    3. India
    4. Indonesia
    5. Australia
    6. South Korea
    7. Vietnam
    8. Malaysia
    9. Rest of Asia Pacific
Latin America Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2024-2037
  2. Increment $ Opportunity Assessment, 2024-2037
  3. Year-on-Year Growth Forecast (%)
2. Segmentation (USD Million), 2024-2037, By
  1. Density, Value (USD Million)
    1. Low Density
    2. High Density
  2. End use Industry, Value (USD Million)
    1. Packaging
    2. Automotive
    3. Others
  3. Country Level Analysis Value (USD Million) 2024-2037
    1. Brazil
    2. Argentina
    3. Mexico
    4. Rest of Latin America
Middle East & Africa Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2024-2037
  2. Increment $ Opportunity Assessment, 2024-2037
  3. Year-on-Year Growth Forecast (%)
2. Segmentation (USD Million), 2024-2037, By
  1. Density, Value (USD Million)
    1. Low Density
    2. High Density
  2. End use Industry, Value (USD Million)
    1. Packaging
    2. Automotive
    3. Others
  3. Country Level Analysis Value (USD Million), 2024-2037
    1. GCC
    2. Israel
    3. South Africa
    4. Rest of Middle East & Africa
Global Economic Scenario
1. World Economic and Risk Outlook for 2024
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Expanded Polystyrene Market Size

Expanded Polystyrene Market size was valued at USD 18.3 billion in 2024 and is projected to reach a valuation of USD 36.3 billion by the end of 2037, rising at a CAGR of 5.4% during the forecast period, i.e., 2025-2037. In 2025, the industry size of expanded polystyrene is estimated at USD 19.3 billion.

The expanded polystyrene market is experiencing a notable surge, driven by increasing applications of EPS across the construction, packaging, and automotive sectors. This growth can be attributed to EPS's lightweight, insulative properties, which make it a preferred choice in energy-efficient building materials. Additionally, environmental initiatives pushing for sustainable alternatives have led to a rise in demand for recycled EPS products. In April 2024, BEWI launched new EPS fish boxes with a 60% carbon footprint reduction, demonstrating the industry's shift toward eco-friendly packaging solutions.

Government regulations and various incentives towards the use of sustainable materials further fortify the expanded polystyrene market. For instance, the recyclability of EPS falls within the framework of developing circular economies, thus encouraging manufacturers to develop greener alternatives. The U.S. and most EU nations have advocated for the reduction of carbon footprints and the promotion of recyclable material usage in industries such as construction and food packaging. The Bureau of Labor Statistics projects such efforts will result in the creation of millions of new jobs in eco-focused industries such as renewable packaging.

Frequently Asked Questions (FAQ)

In 2024, the industry size of expanded polystyrene was USD 18.3 billion.

The global expanded polystyrene market size was USD 18.3 billion in 2024 and is likely to reach USD 36.3 billion by the end of 2037, rising at a CAGR of 5.4% during the forecast period, i.e., 2025-2037. In 2025, the industry size of expanded polystyrene (EPS) will be valued at USD 19.3 billion.

Key players in the market are BASF SE, Synthos S.A., TotalEnergies SE, Dow Chemical Company, StyroChem International, SABIC, NOVA Chemicals Corporation, Kaneka Corporation, Alpek S.A.B. de C.V., SEKISUI Chemical Co., Ltd.

The high density segment is projected to lead the expanded polystyrene (EPS) market during the forecast period.

Asia Pacific is anticipated to offer lucrative opportunities to the manufacturers in the expanded polystyrene (EPS) market during the forecast period.

Expanded Polystyrene Market Size

Expanded Polystyrene Market Size

Browse Key Market Insights with Data Illustration:

Frequently Asked Questions (FAQ)

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Expanded Polystyrene Market Size

Expanded Polystyrene Market Size

Browse Key Market Insights with Data Illustration:

Frequently Asked Questions (FAQ)

How big is the expanded polystyrene (EPS) industry?

What is the outlook for the EPS market?

Who are the major players dominating the expanded polystyrene landscape?

Which segment will capture the significant market share for expanded polystyrene (EPS) by 2037?

Which region will provide more opportunities for the expanded polystyrene (EPS) business in the coming years?