Expandable polystyrene market size worth $ 13.05 billion worldwide by 2028 at 5.20% CAGR: Verified Market Research®
JERSEY CITY, NJ, October 14, 2021 / PRNewswire / – Verified Market Research recently published a report, “Expandable Polystyrene Market“By Product Type (Gray White & Black), By Application (Building & Construction, Packaging), and By Geography. According to Verified Market Research, the Global Expandable Polystyrene Market size was estimated to be $ 8.7 billion in 2020 and should reach $ 13.05 billion by 2028, with a CAGR of 5.20% from 2021 to 2028.
Download the PDF brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=41657
Browse the table of contents in depth to “Expandable Polystyrene Market“
202 – Slips
126 – Tables
37 – Figures
Global Expandable Polystyrene Market Overview
Growing application of expanded polystyrene in the construction and packaging industries due to its low thermal conductivity in closed air, ease of handling, mechanical resistance (insulation in the structure of walls and roofs and floors ), its low water absorption and sound resistance are the key growth factors of the global expanded polystyrene market.
The ability to provide the best packaging solution to keep the product safe and shock absorbent against the risk of transportation and provide total protection for the industrial product is driving the growth of the overall polystyrene foam market. In addition, the safety of food packaging due to the expanded polystyrene is another potential factor for the growth of the expanded polystyrene market. The overall market is also driven by the environmental benefits associated with expanded polystyrene and the high recycling rate of expanded polystyrene.
Despite the various advantages of Expanded Polystyrene, there are some factors that are restraining and challenging the growth of the overall market. Factors such as the volatility of crude oil prices and the availability of substitutes such as polypropylene and bioplastics may thwart the overall growth of the expanded polystyrene market.
Key developments in Expandable Polystyrene Market
- In 2019, Versalis (Eni), a chemical company, launched its new type of expandable polystyrene (EPS) named Extir FL 3000 to prevent plastic leaks. This material offers the industry the opportunity to increase sustainable products in sectors such as food packaging, industrial packaging (for household appliances, furniture and motor vehicles), protective helmets, containers and seats. It also minimizes the risk of plastic granules leaking into the environment.
The main players in the market are BASF SE, Nova Chemicals Corporation, Synthos SA, Saudi Basic Industries Corporation (SABIC), Wuxi Xingda New Foam Plastics Materials Co., Ltd., The Ravago Group, Flint Hills Resources, LLC, Alpek SAB de CV
Verified market research segmented the global expandable polystyrene market on the basis of product type, application, and geography.
- Expandable Polystyrene Market, By Product Type
- Expandable Polystyrene Market, By Application
- Building and construction
- Expandable Polystyrene Market By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
Browse related reports:
Ethylene Propylene Diene Monomer (EPDM) Consumption Market By Application (Automotive, Building & Construction, Lubricants, Plastics), By Geography, Forecast, 2021-2028
Post-consumer recycled plastics market by type (polypropylene (PP), polystyrene (PS), polyethylene (PE)), by service (recycling, landfill, incineration), by end user (building and construction, packaging, furniture), by Processes (chemical process, mechanical process, biological process), by geography, forecast, 2021-2028
Specialty Polystyrene Resin Market By Function (Protection, Insulation, Padding), By Application (Protective Packaging, Electrical & Electronics, Healthcare), By Geography, Forecast, 2021-2028
Styrenic Polymers Market By Product (Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Expanded Polystyrene (EPS)), By Application (Building & Construction, Automotive Industry, Packaging), By Geography, Forecast, 2020-2027
Top 7 World’s Largest Polyester Weaving Manufacturers With Strong Fibers
Visualize Expandable Polystyrene Market Using Verified Market Intelligence: -:
Verified market intelligence is our BI compatible platform for the narrative storytelling of this market. VMI offers detailed trends and accurate information on over 20,000 emerging and niche markets, helping you make critical decisions impacting revenue for a bright future.
VMI provides a holistic overview and global competitive landscape with regard to region, country and segment, and key players in your market. Present your market report and findings with a built-in presentation function, saving over 70% of your time and resources for investor arguments, sales and marketing, R&D and product development. VMI enables data delivery in interactive Excel and PDF formats with over 15+ key market indicators for your market.
Verified Market Research is a leading global research and advisory firm serving more than 5,000 clients. Verified Market Research provides advanced analytical research solutions while delivering insightful research studies. We provide insight into strategic and growth analyzes, the data needed to achieve business goals, and critical revenue decisions.
Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study over 14 categories of Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Power & Energy, Healthcare, Pharmaceuticals , automotive and transport, information and communication technology, software and services, information security, mining, minerals and metals, building & construction, agricultural industry and medical devices from more than 100 countries.
Sir. Edwyne Fernandes
Verified Market ResearchÂ®
United States: +1 (650) -781-480
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768
E-mail: [emailÂ protected]
Follow us: LinkedIn | Twitter
SOURCE Verified market research