Expanded Polystyrene (EPS) Market Size, Opportunities, Key Growth Factors, Revenue Analysis, For 2030
The
global Expanded Polystyrene (EPS) Market size is expected to reach USD 14.88 Billion in
2030 and register a revenue CAGR of 4.6% over the forecast period, according to
a latest report by Reports and Data. Rising demand for expanded polystyrene in
the construction industry and increasing adoption of expanded polystyrene for
electronic packaging products are expected to drive market revenue growth
during the forecast period. Increasing adoption of expanded polystyrene for its
decorative and imaginative appearance is expected to boost the growth of the
expanded polystyrene market in the near future.
The global Expanded Polystyrene (EPS) market research
report provides a brief overview inclusive of competitive landscape and key
developments in the market. It provides an extensive study analysis of
the strategic alliances such as mergers and acquisitions, joint ventures,
collaborations, product launches and brand promotions, corporate deals and
partnerships, among others. It also offers insights into company overview,
financial standing, business expansion plans, and revenue growth of each
company. It also sheds light on product advancement, technological developments,
and research and development activities.
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Key Players:
Some major companies in the global market report
include Wuxi Xingda foam plastic new material Limited by Share Ltd., Synthos,
BASF SE, Sunpor, Ravago, Alpek S.A.B. de C.V., Versalis S.p.A., NOVA Chemicals
Corporation, Flint Hills Resources, and Sibur.
Some Key Highlights in the Report
- Packaging segment is expected to account for larger share of
revenue over the forecast period. Increasing need for the proper packaging
of consumer goods to protect their content from any damage during
transportation, handling, and storage is expected to boost the revenue
growth of the segment. Increasing usage of expanded polystyrene due to its
wide application across several industries such as electronics, foods, and
beverages for effective packaging is another factor expected to drive the
segment growth.
- Construction segment is expected to account for largest revenue
share in the global expanded polystyrene market between 2022 and 2030.
Increasing demand for expanded polystyrene for insulation purposes in the
construction industry is driving revenue growth in the segment. Increasing
demand for expanded polystyrene for the flooring and roof construction of
residential and commercial buildings is another factor. This is expected
to drive the revenue growth of the segment.
- Asia Pacific expanded polystyrene market is expected to account for
largest revenue share in the global market over the forecast period. Rapid
growth of the packaging and construction industries in the countries in
the region is expected to drive market revenue growth.
- In October 2021, Alpek, S.A.B de C.V announced it would conclude a
comprehensive review of the global ESG landscape and the company’s role
and responsibilities within it. Aplek has set targets for each of its
materials issues, including commitments towards achieving net-zero
greenhouse gas emissions from its global operations by 2050.
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Key Questions Addressed in the Report:
· What
is the expected revenue growth rate the global Expanded Polystyrene (EPS)
market is expected to register during the forecast period?
· What
are the key growth driving factors of Expanded Polystyrene (EPS) market?
· Who
are the leading players in the market?
· What
are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
· Which
region is expected to account for the largest market share in the global Expanded
Polystyrene (EPS)
Regional analysis covers study of the market in key
geographical regions of the world including North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa. The report further predicts the
regions expected to account for the largest revenue share in the forecast
period and the CAGR for the forecast period. The section further discusses in detail the
production and consumption ratio, supply and demand, export and import,
consumer demand and behavior, and presence of key players in each region. The
section further offers a country-wise analysis to provide deeper insights into
the global market.
An extensive analysis of the global market is included
in the report which covers different factors from region-centric key
statistical data to macro- and micro-economic factors that are crucial for
forecast assessment. The study also offers a comprehensive analysis of the
growth prospects, patents, technological advancements, and product launches in
the market.
Market Segmentation:
Product Type Outlook (Revenue, USD Billion; Volume; Kilo
Tons; 2019-2030)
- White EPS
- Grey EPS
- Black EPS
Application Outlook (Revenue, USD Billion; Volume;
Kilo Tons; 2019-2030)
- Packaging
- Insulation
- Foaming
- Component Manufacturing
- Chemical Intermediate
End-Use Outlook (Revenue, USD Billion; Volume; Kilo
Tons; 2019-2030)
- Electronics
- Construction
- Automotive
- Consumer Goods
- Foods & Beverages
- Others
Regional Outlook (Revenue, USD Billion, Volume, Kilo
Tons; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Key Points Addressed in
the Report:
·
A
detailed analysis of the global Expanded Polystyrene (EPS) market through
assessment of key market aspects such as technology, product type, application,
end-use, and overall industry dynamics.
·
Qualitative
and quantitative analysis of the market estimation and CAGR calculation for the
forecast period.
·
All-inclusive
assessment of market dynamics with emphasis on drivers, restraints,
opportunities, and limitations.
·
Extensive
profiling of key companies operating in the market including company overview,
financial standing, product offerings, product portfolio, recent product and
technological advancement, and business expansion plans.
Thank you for reading this article. You can also get
chapter-wise sections or region-wise report coverage for North America, Europe,
Asia Pacific, Latin America, and Middle East & Africa.
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