The global Polystyrene (PS) and Expanded Polystyrene (EPS) market was valued at US$ 34630 million in 2020 and it is expected to reach US$ 50230 million by the end of 2027, growing at a CAGR of 5.0% during 2021-2027.
Polystyrene (PS) is a synthetic aromatic hydrocarbon polymer made from the monomer styrene. Polystyrene also is made into a foam material, called expanded polystyrene (EPS) or extruded polystyrene (XPS), which is valued for its insulating and cushioning properties.
Polystyrene can be solid or foamed. General-purpose polystyrene is clear, hard, and rather brittle. It is an inexpensive resin per unit weight. It is a rather poor barrier to oxygen and water vapour and has a relatively low melting point.Polystyrene is one of the most widely used plastics, the scale of its production being several million tonnes per year. Polystyrene can be naturally transparent, but can be coloured with colourants. Uses include protective packaging, containers, lids, bottles, trays, tumblers, disposable cutlery and in the making of models. Expanded polystyrene is solid foam or thermoplastic product that has characteristics such as low weight, insulation properties and durability. The thermal qualities of expanded polystyrene improve with its strength (density). EPS has a variety of applications such as for thermal insulation boards in building constructions and packaging products. EPS insulation foam is also used in closed cavity walls, roofs and floor insulation. It is the automatic choice for electronic goods cushioning and packaging. Manufacturers rely heavily on EPS due to its insulation and shock absorption capacity, as well as its ability to prevent or minimize product damage during the transportation of sophisticated equipment.
Global Polystyrene (PS) and Expanded Polystyrene (EPS) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Polystyrene (PS) and Expanded Polystyrene (EPS) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are ACH Foam Technologies, Flint Hills Resources, StyroChem, NOVA Chemicals, AlpekB. de C.V., Sunpor Kunststoff, Synbra Holding bv, Total, Brodr. Sunde, Trinseo, DowDuPont, Kumho Petrochemical, SABIC, Kaneka Corporation and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Expanded Polystyrene (EPS)
Segment by Application
- Building and Construction
- Electrical and Electronics
Table of Content:
1 Polystyrene (PS) and Expanded Polystyrene (EPS) Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Polystyrene (PS) and Expanded Polystyrene (EPS) Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Polystyrene (PS) and Expanded Polystyrene (EPS) Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta