Expanded Polystyrene Market Trends

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 Trends

Growth Drivers

Rising demand for sustainable packaging: The increasing adoption of sustainable packaging by manufacturers is a major driving force in the expanded polystyrene market. Companies try to reduce their ecological footprint with the lightweight and recyclable properties of EPS, making it one of the preferred materials in packaging. Since many industries increasingly become focused on sustainability issues, the versatility of EPS and its lower carbon footprint make it a popular choice for those looking to develop environmentally friendly packaging solutions.
Construction sector growth: Thermal insulation by EPS finds increasing demand in the construction sector, especially in energy-efficient building projects. As more investments are being put into sustainable infrastructure, the demand for materials such as EPS is likely to grow. Besides, government incentives for greener buildings increase the demand for EPS as a favorite building material for insulation and structural support since the material offers many options.
Technological changes: Increased innovation in recycling processes and the manufacturing and effective elaboration of EPS has resulted in rapid market expansion. Advancement in process product development has generated a variety of new alternative durable EPS products. Also, several companies are changing their pricing strategies to capture new segments of the expanded polystyrene market. For example, in March 2024, Epsilyte transitioned to a value-based pricing approach that expanded EPS applications to a myriad of industries.

Challenges

Stringent environmental regulations: Among the key challenges are stringent environmental rules against the EPS adoption over non-biodegradable materials. Even though EPS is recyclable, its usage does face criticism on environmental grounds. Many countries are putting tighter controls on the use and disposal of EPS, forcing manufacturers to be more innovative.
Volatile prices of raw materials: The fluctuating price of styrene, one of the main raw materials for manufacturing, affects the stability of the EPS market. If styrene prices go up, the cost of production also increases, hurting the profitability of makers. For instance, TotalEnergies and SABIC, in November 2023, started a process for selling their styrene production lines as the industry has faced problems related to the demand for and price of raw materials.

EPS Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	5.4%
Base Year Market Size (2024)	USD 18.3 billion
Forecast Year Market Size (2037)	USD 36.3 billion
Regional Scope	North America (U.S. and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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 Trends

Expanded Polystyrene Market Trends

EPS Market: Key Insights

Browse Key Market Insights with Data Illustration:

Frequently Asked Questions (FAQ)

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Expanded Polystyrene Market Trends

Expanded Polystyrene Market Trends

EPS Market: Key Insights

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?