Polystyrene Foam Market was valued at USD 27.59 Billion in 2022, and it is expected to reach USD 36.92 Billion by 2029, exhibiting a CAGR of 4.25 % during the forecast period (2023-2029)
Polystyrene Foam Market Overview:
Maximize Market Research’s new report, Global Polystyrene Foam Market 2021-2027, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Polystyrene Foam market.
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Polystyrene Foam Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Polystyrene Foam market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Polystyrene Foam market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Polystyrene Foam Market Segmentation:
Industrial Polystyrene Foam The market for polystyrene foam is dominated by the EPS resin segment, which is based on the type of foam. Because of its structure, EPS is a lightweight thermoplastic material with special properties that help to preserve the product. EPS is a versatile material that may be used for a variety of applications due to its stiffness, good thermal insulation, and great impact resistance. It is also lightweight. The availability of high-performance substitutes and the instability of crude oil prices, however, are impeding market expansion. The basic recyclability of polystyrene products is expected to present opportunities for the expansion of the EPS market over the forecast period.
Industrial Polystyrene Foam Building and construction are anticipated to have the largest volume growth in the Polystyrene Foam market over the projected period, based on End-User. According to projections, the Building & Construction end-use industry’s largest and fastest-growing market is predicted to be APAC. EPS is widely used in the building industry (in offices and rooms) due to its low thermal conductivity in closed air, lightweight (simple to handle), mechanical resistance (insulation in the wall structure and roofing & flooring), low water absorption (to avoid humidity), and acoustic resistance. It has developed into a powerful design element and a superior substitute for green building. By boosting energy efficiency, enhancing indoor environmental quality, and lengthening the lifespan of structures and packaged goods, EPS offers significant environmental advantages.
1. Global Polystyrene Foam Market Size, by Foam Type (2022-2029)
• Expanded Polystyrene (EPS)
• Extruded Polystyrene (XPS)
• Others
2. Global Polystyrene Foam Market Size, by End-User (2022-2029)
• Building & Construction
• Packaging
• Construction & Industrial Insulation
• Others
3. Global Polystyrene Foam Market Size, by Process Type (2022-2029)
• Extruded
• Injection Molded
• Vacuum Formed
• Others
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Polystyrene Foam Market Key Players:
It then discusses the top competitors in the worldwide Polystyrene Foam market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. DowDuPont Inc. (US)
2. Drew Foam (US)
3. Flint Hills Resources (US)
4. AFP-sealed air (US)
5. Alpek (Mexico)
6. Carpenter Co. (US)
7. Dart Container Corporation (US)
8. Nova Chemicals Corp (Canada)
9. Jiangsu Leasty Chemicals Co., Ltd. (China)
10.Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China)
11.Taita Chemical Co., Ltd. (Taiwan)
12.Kaneka Corporation (Japan)
13.JSP Corporation (Japan)
14.BASF SE (Germany)
15.Xella International (Germany)
16.Synthos S.A (Poland)
17.Sunpor Kunststoff GmbH (Austria)
18.SUNPOR Kunststoff GmbH (Austria)
19.Versalis S.p.A (Italy)
20.ChovA (Spain)
21.Knauf Insulation (Belgium)
22.SABIC (Saudi Arabia)
23.Arkema S.A. (France)
24.Kingspan Group (Ireland)
25.O. N. Sunde AS (Norway)
Ravago Group (Belgium)
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Regional Analysis:
The report has analyzed the global Polystyrene Foam market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Polystyrene Foam market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Polystyrene Foam Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Polystyrene Foam Market Report are:
- Which are the major companies in the Polystyrene Foam market?
- Which is the potential market for Polystyrene Foam in terms of the region?
- Which application area of Polystyrene Foam is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Polystyrene Foam market size by 2027?
- What are the growth prospects for the Polystyrene Foam market?
- What is the base year considered in the Polystyrene Foam market report?
- Which region holds the largest market share in the Polystyrene Foam market?
- What factors are anticipated to drive the Polystyrene Foam market?
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