Share this link via:
The growing impact of social elements, that include fostering a feeling of community, promoting sustainable business practices, and enhancing occupant health and well-being. Expanded polystyrene's (EPS) superior shock absorption, moisture resistance, and thermal insulation are driving up its demand in packaging applications. The food service sector is anticipated to see significant growth because to the rise in food retail chains and the growing demand for packaged foods, which will increase EPS consumption.
The United States topped the North American market and is predicted to have one of the quickest rates of growth in 2023. Over the course of the projected period, the market is anticipated to be driven by the growing product demand from the American construction and packaging sectors. Demand for American packaging has been strong across a number of end-user industries in the US, including retail, food, medicines, and consumer products. The country's high rates of urbanization, growing e-commerce penetration, and packaged and processed food sector are all factors contributing to the increased demand. The COVID-19 epidemic increased demand for packaged and processed foods as well as online shopping because of government-imposed travel restrictions and social distancing measures.
The demand for EPS in the nation is therefore anticipated to increase as a result. The construction business in the United States is expanding quickly because of good market fundamentals for commercial real estate, a strong economy, and rising state and federal financing for institutional buildings and public works. Furthermore, it is anticipated that both current and upcoming projects such as the building of a new health center and services for the homeless, the renovation of SFUSD buildings, the development of affordable housing, the high-speed rail contract with the California High-Speed Rail Authority (CAHSRA), the SoFi Stadium project in Inglewood, and the redevelopment of Treasure Island will increase the demand for EPS during the forecast period.
The report will cover the qualitative and quantitative data on the global Expanded Polystyrene Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2024-31 |
Base Year | 2023 |
Estimated Forecast Year | 2024-31 |
Growth Rate | CAGR of 8.59 % from 2024 to 2031 |
Segmentation | By Product, By Application, By End User, By Region |
Unit | USD Billion |
By Product |
|
By Application |
|
By End User |
|
By Region |
|
Expanded Polystyrene Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2024-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
The report also helps in understanding Global Expanded Polystyrene Market dynamics, structure by analyzing the market segments, and project the Global Expanded Polystyrene Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Expanded Polystyrene Market make the report investor’s guide.
The market scope is segmented because of By product, By Application, By End User.
Based on Product the market is categorised into white expanded polystyrene, grey expanded polystyrene, black expanded and polystyrene.
In 2022, the white product sector held a dominant market share of almost 62.70% of the overall sales. Glass EPS is mostly used in packaging, including as food trays, drink cups, clamshell containers, electronics product packaging, and consumer goods packaging. A significant growth rate in the category is anticipated over the course of the forecast period because to the widespread use of gray EPS.
In addition, grey EPS performs better than white EPS. To improve the gray EPS's performance, add graphite to the mixture. It is more costly, though, and is usually used in construction applications. The building and construction sector will also be boosted by the expansion of infrastructure and the quickening pace of urbanization, which will increase demand for EPS. Segment growth will also be aided by the incorporation of energy-saving technologies for building businesses. Throughout the projection period, these elements are probably going to help the EPS industry.
Based on End User the market is categorised into Building and construction, packaging, electrical and electronics, food and beverages and Others.
In 2022, the industry was led by the construction application segment, which held a revenue share of over 44.0%. Due to EPS's many qualities, which include excellent thermal insulation, low weight, chemical inertness, & resistance to bacteria and pests, among others, the market for expanded polystyrene in construction applications is anticipated to increase significantly over the course of the projected period. In many packaging applications, expanded polystyrene is utilized.
Growing polystyrene's remarkable capacity to absorb shocks makes it perfect for packaging and storing a wide range of goods, from electronics and consumer goods to wines, medical supplies, and chemicals. It is anticipated that the automotive application category would have significant growth throughout the projection period because to the increasing demand for EPS in automotive components like as foot pads, headrests and positions, bumper systems, and storage compartments. The product finds application in the automotive industry because of its characteristics, which include its lightweight, resilience to impact, and capacity to absorb stress.
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The Asia Pacific region held a dominant position in the business, contributing over 40.70% of the total revenue share. Over the course of the forecast period, Asia Pacific is anticipated to grow at one of the fastest rates and be among the largest regional markets. This growth will be mostly driven by the rising demand for the product in key applications, such as construction, automotive, and packaging, in emerging economies like China and India. Furthermore, the Asia Pacific region's fast expanding building sector will aid in regional development. The strong demand for non-residential construction projects, including hospitals, commercial buildings, and colleges, is likely to drive significant expansion in the construction sector in North America in the upcoming years.
The "Affordable Healthcare Act's" implementation is also anticipated to encourage the building of more hospitals and healthcare facilities, which will increase the region's need for EPS during the projection period. Additionally, to the product's significant environmental advantages—which can improve indoor environmental quality, maximize energy efficiency, and boost durability—green building design applications have seen a considerable growth in product demand in the European market in recent years.
The demand for products is anticipated to rise all over the projection period as a result of favourable government aid for the construction of green buildings in several countries, such as the United Kingdom, Germany, Italy, and France. The building industry has a major impact on the demand for EPS in Germany. The number of new residential building permits issued in the country has increased, and this trend is anticipated to continue during the estimated period of time because of the growing population, low interest rates, and rising demand for real estate. Over the projection period, E consumption is anticipated to be driven by the rapidly growing construction industry, which is predicted to be propelled by the developing real estate and housing markets.
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
To gain insightful analyses of the Expanded Polystyrene market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the Expanded Polystyrene market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the Expanded Polystyrene market. Besides the standard structure reports, we also provide custom research according to specific requirements.
Expanded Polystyrene Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
You'll get the sample you asked for by email. Remember to check your spam folder as well. If you have any further questions or require additional assistance, feel free to let us know via-
+1 724 648 0810 +91 976 407 9503 sales@intellectualmarketinsights.com
20 Jun 2022
Intellectual Market Insights Research © 2026. All rights reserved.
