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:
Extensive primary and secondary research Polystyrene Foam Market has been undertaken by a dedicated research team to conduct a comprehensive study of the worldwide industry’s market. The secondary research was employed to augment existing data, segment the market, evaluate the overall market size, forecast growth rates, and delve deeper into market analysis.
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Polystyrene Foam Market Scope:
Maximize, our team, aggregates market information and data from various sources to offer a more realistic regional perspective. The country-level analysis within the study relies on an examination of numerous regional stakeholders, regional tax regulations, consumer behavior patterns, and macroeconomic statistics.
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 prominent players include:
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:
The country-level assessment of the Polystyrene Foam Market focuses on categories identified as potential areas for high growth, countries holding significant market shares, and those demonstrating high developmental prospects. Regional breakdowns in the Polystyrene Foam Market report encompass North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
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COVID-19 Impact Analysis on Polystyrene Foam Market: The report also incorporates an analysis of the impact of COVID-19 on the global Polystyrene Foam market.
Key Questions Addressed in the Polystyrene Foam Market Report:
- Which product segment dominated the Polystyrene Foam market share in 2020?
- How is the anticipated competitive landscape of the Polystyrene Foam market forecasted for the period 2021-2027?
- What are the primary factors contributing to the growth of the Polystyrene Foam market?
- Which region accounted for the largest share in the Polystyrene Foam market in 2020?
- What is the projected Compound Annual Growth Rate (CAGR) of the global Polystyrene Foam market during the forecast period (2021-2027)?
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