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:
The Polystyrene Foam Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Polystyrene Foam Market, as well as the causes for variances in the industry’s growth in various places.
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Polystyrene Foam Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Polystyrene Foam Market Drivers:
Expanded polystyrene (EPS) is employed in the building and construction industry due to its qualities such as lightweight, durability, thermal efficiency, shock absorption, moisture resistance, and use. It is a well-known insulation material that is utilised in a variety of applications because to its light yet firm foam that provides strong thermal insulation and great impact resistance. As most ICF dwellings are now developed and sold by corporations, EPS shape-molders could expect a significant rise in production of Insulating concrete forms (ICFs). As a result, growing demand for ICF houses is expected to drive growth in the market for expanded polystyrene (EPS) materials. For decades, EPS has been the architect’s preferred choice for economy, performance, and sustainability in a variety of applications.
The primary function of ornamental moulding is to improve a building’s overall appeal by concealing transitions and gaps between surfaces. As seen in many locations in North America and other emerging nations where EPS is implanted with reinforcing mesh before polyurethane or polymer-modified cement coating is applied, EPS has supplanted stone as a material for ornamental moulding. Aside from that, there has been a significant demand in the Polystyrene Foam Market for EPS to be used as a thermal insulator in the building sector.
Polystyrene Foam Market Segmentation:
by Foam Type
Expanded Polystyrene (EPS)
Extruded Polystyrene (XPS)
Others
by End-User
Building & Construction
Packaging
Construction & Industrial Insulation
Others
by Process Type
Extruded
Injection Molded
Vacuum Formed
Others
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Polystyrene Foam Market Key Players: The key players are
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)
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Polystyrene Foam Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Polystyrene Foam Market Report are:
- Which sub-segment had the largest share in the Polystyrene Foam Market?
- How is the competitive landscape of the Polystyrene Foam Market in 2023?
- Which are the key drivers impacting the Polystyrene Foam Market growth?
- Which region holds the maximum share in the Polystyrene Foam Market?
- What will be the CAGR of the Polystyrene Foam Market during the forecast period (2023-2029)?
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