Global Expanded Polystyrene Market Size – By Product Type (White, Grey and Black), By Application (Construction, Packaging, Automotive, and Others), & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-06-28
- NO OF PAGES
- 220
- CATEGORY
- Chemicals & Materials
Market Overview
The Expanded Polystyrene market is predicted to develop at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2034, when it is projected to reach USD 21,538.65 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 11,538.37 Million in 2024.
SOURCE: We Market Research
The global
Expanded Polystyrene (Expanded Polystyrene) market refers to the industry
involved in the production, distribution, and consumption of expanded
polystyrene, a lightweight, rigid plastic foam widely used for various
applications. Expanded Polystyrene is derived from polystyrene resin through a
process that involves expanding small plastic beads using steam or a blowing
agent, resulting in a versatile material with excellent insulation properties,
low weight, and structural integrity. Key applications of Expanded Polystyrene
include packaging, construction (insulation boards, lightweight fill
materials), automotive components, and consumer goods. The market encompasses
manufacturers, suppliers, distributors, and end-users across different regions
worldwide. The Expanded Polystyrene market has seen steady growth, driven by
increasing demand in packaging, construction, and automotive sectors.
The global
Expanded Polystyrene market continues to evolve with innovations in materials
and applications, responding to the growing demand for lightweight,
energy-efficient, and environmentally sustainable solutions across various
industries.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 11,538.37 Million |
|
Market Forecast in 2034 |
USD 21,538.65 Million |
|
CAGR % 2024-2034 |
8.5% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Product Type, By Application and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Expanded Polystyrene Industry: Dynamics & Restrains
Market opportunity:
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Expanded Polystyrene Segmentation
Market- By Product Type Analysis
By Product Type, the Expanded Polystyrene market is categories into white, gray and black. White Expanded Polystyrene segments dominate the market with the largest share, accounting for over 78% of the market in 2023. White Expanded Polystyrene is the most commonly used type and accounts for a significant portion of the Expanded Polystyrene market. It is widely used in packaging, construction, and insulation due to its lightweight, thermal insulation properties, and versatility.
The
following segments are part of an in-depth analysis of the global Expanded
Polystyrene market:
|
Market Segments |
|
|
By Product
Type |
·
White ·
Grey ·
Black |
|
By Application |
·
Construction ·
Packaging ·
Automotive ·
Others |
Expanded Polystyrene Industry: Regional Analysis
Asia Pacific Market Forecast
Asia Pacific dominates the global Expanded Polystyrene market, accounting for around 41% of the market share in 2023. The market in Asia Pacific driven by rapid urbanization, infrastructure development, and industrial growth in countries such as China, India, and Southeast Asian nations. Urbanization, increasing construction activities, expanding middle-class population, and rising disposable incomes driving demand for Expanded Polystyrene in packaging and construction.
Europe Market Statistics
Europe is a
mature market for Expanded Polystyrene, with countries like Germany, France,
and the UK leading in consumption. The region emphasizes sustainable building
practices and has a strong packaging industry.
North America Market Forecasts
North America
holds a significant share in the global Expanded Polystyrene market. The United
States and Canada are major consumers, driven by demand in packaging,
construction, and insulation applications.
Middle East & Africa Market Statistics
MEA region
exhibits moderate growth in the Expanded Polystyrene market. Countries like
UAE, Saudi Arabia, and South Africa are investing in infrastructure projects,
boosting demand for thermal insulation materials like Expanded Polystyrene.
Key Market Players
The Expanded Polystyrene Market is dominated by a few
large companies, such as
·
BASF SE
·
Synthos S.A.
·
TotalEnergies SE
·
Kaneka Corporation
·
Saudi Basic Industries Corporation
(SABIC)
·
Alpek SAB de CV
·
Flint Hills Resources
·
Sunpor Kunststoff GmbH
·
PJSC SIBUR Holding
· Nova Chemicals Corporation
· Other
1.
Global
Expanded Polystyrene Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Expanded Polystyrene
Market Scope and Market Estimation
1.2.1. Global Expanded Polystyrene Overall
Market Size (US$ Bn) and Volume (Tons), Market CAGR (%), Market forecast (2024
- 2034)
1.2.2. Global Expanded Polystyrene
Market Revenue Share (%) and Volume Share (%) and Growth Rate (Y-o-Y) from 2019
- 2034
1.3. Market Segmentation
1.3.1. Product Type of Global Expanded
Polystyrene Market
1.3.2. Application of Global Expanded
Polystyrene Market
1.3.3. Region of Global Expanded
Polystyrene Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.7. Cost Tear Down Analysis
2.8. Key Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
2.13. Production Process Overview
3.
Global Expanded Polystyrene
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global Expanded Polystyrene
Market Estimates & Forecast Trend
Analysis, by Product Type
4.1. Global Expanded Polystyrene
Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Product
Type, 2019 - 2034
4.1.1. White
4.1.2. Grey
4.1.3. Black
5.
Global Expanded Polystyrene
Market Estimates & Forecast Trend
Analysis, by Application
5.1. Global Expanded Polystyrene
Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Application,
2019 - 2034
5.1.1. Construction
5.1.2. Packaging
5.1.3. Automotive
5.1.4. Others
6.
Global Expanded Polystyrene
Market Estimates & Forecast Trend
Analysis, by Region
6.1. Global Expanded Polystyrene
Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Region, 2019
- 2034
6.1.1. North America
6.1.2. Western Europe
6.1.3. Eastern Europe
6.1.4. Asia Pacific
6.1.5. Middle East & Africa
6.1.6. Latin America
7.
North
America Expanded Polystyrene Market: Estimates & Forecast Trend Analysis
7.1.
North
America Expanded Polystyrene Market Assessments & Key Findings
7.1.1. North America Expanded
Polystyrene Market Introduction
7.1.2. North America Expanded
Polystyrene Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
7.1.2.1. By Product Type
7.1.2.2. By Application
7.1.2.3. By Country
7.1.2.3.1. The U.S.
7.1.2.3.2. Canada
7.1.2.3.3. Mexico
8.
Western
Europe Expanded Polystyrene Market: Estimates & Forecast Trend Analysis
8.1. Western Europe Expanded
Polystyrene Market Assessments & Key Findings
8.1.1. Western Europe Expanded
Polystyrene Market Introduction
8.1.2. Western Europe Expanded
Polystyrene Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
8.1.2.1. By Product Type
8.1.2.2. By Application
8.1.2.3.
By
Country
8.1.2.3.1.
Germany
8.1.2.3.2.
Italy
8.1.2.3.3.
U.K.
8.1.2.3.4.
France
8.1.2.3.5.
Spain
8.1.2.3.6.
Benelux
8.1.2.3.7.
Nordics
8.1.2.3.8. Rest
of W. Europe
9.
Eastern
Europe Expanded Polystyrene Market: Estimates & Forecast Trend Analysis
9.1. Eastern Europe Expanded
Polystyrene Market Assessments & Key Findings
9.1.1. Eastern Europe Expanded
Polystyrene Market Introduction
9.1.2. Eastern Europe Expanded
Polystyrene Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
9.1.2.1. By Product Type
9.1.2.2. By Application
9.1.2.3.
By
Country
9.1.2.3.1.
Russia
9.1.2.3.2.
Hungary
9.1.2.3.3.
Poland
9.1.2.3.4.
Balkan & Baltics
9.1.2.3.5. Rest of E. Europe
10. Asia Pacific Expanded
Polystyrene Market: Estimates &
Forecast Trend Analysis
10.1. Asia Pacific Market Assessments
& Key Findings
10.1.1. Asia Pacific Expanded
Polystyrene Market Introduction
10.1.2. Asia Pacific Expanded Polystyrene
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
10.1.2.1. By Product Type
10.1.2.2. By Application
10.1.2.3. By Country
10.1.2.3.1. China
10.1.2.3.2. Japan
10.1.2.3.3. India
10.1.2.3.4. Australia & New Zealand
10.1.2.3.5. South Korea
10.1.2.3.6. ASEAN
10.1.2.3.7. Rest of Asia Pacific
11. Middle East & Africa Expanded
Polystyrene Market: Estimates &
Forecast Trend Analysis
11.1. Middle East & Africa Market
Assessments & Key Findings
11.1.1. Middle
East & Africa Expanded
Polystyrene Market Introduction
11.1.2. Middle
East & Africa Expanded
Polystyrene Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
11.1.2.1. By Product Type
11.1.2.2. By Application
11.1.2.3. By Country
11.1.2.3.1. UAE
11.1.2.3.2. Saudi
Arabia
11.1.2.3.3. Turkey
11.1.2.3.4. South
Africa
11.1.2.3.5. Rest of
MEA
12. Latin America
Expanded Polystyrene Market: Estimates
& Forecast Trend Analysis
12.1. Latin America Market Assessments
& Key Findings
12.1.1. Latin America Expanded
Polystyrene Market Introduction
12.1.2. Latin America Expanded
Polystyrene Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
12.1.2.1. By Product Type
12.1.2.2. By Application
12.1.2.3. By Country
12.1.2.3.1. Brazil
12.1.2.3.2. Argentina
12.1.2.3.3. Colombia
12.1.2.3.4. Rest of
LATAM
13. Country Wise Market:
Introduction
14. Competition Landscape
14.1. Global Expanded Polystyrene
Market Product Mapping
14.2. Global Expanded Polystyrene Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
14.3. Global Expanded Polystyrene
Market Tier Structure Analysis
14.4. Global Expanded Polystyrene
Market Concentration & Company Market Shares (%) Analysis, 2023
15. Company Profiles
15.1. BASF SE
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. SWOT Analysis
15.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
15.2. Synthos S.A.
15.3. TotalEnergies
SE
15.4. Kaneka
Corporation
15.5. Saudi Basic
Industries Corporation (SABIC)
15.6. Alpek SAB de
CV
15.7. Flint Hills
Resources
15.8. Sunpor
Kunststoff GmbH
15.9. PJSC SIBUR
Holding
15.10. Nova Chemicals
Corporation
15.11. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research Findings & Conclusion
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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Market Estimates and Forecast
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of Expanded Polystyrene Market in 2024?
Expanded Polystyrene Market was valued at USD 11,538.37 Million in 2024.
What is the growth rate for the Expanded Polystyrene Market?
Expanded Polystyrene Market size will increase at approximate CAGR of 8.5% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are BASF SE, Synthos S.A., TotalEnergies SE, Kaneka Corporation, Saudi Basic Industries Corporation (SABIC), Alpek SAB de CV, Flint Hills Resources, Sunpor Kunststoff GmbH, PJSC SIBUR Holding, Nova Chemicals Corporation and others.
Which region dominates the Expanded Polystyrene Market?
Asia Pacific dominates the market with an active share of 41%.
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