Polystyrene & Expanded Polystyrene Market will grow at 4.5% CAGR to exceed $49bn by 2025

Global Market Insights, Inc. recently introduced new title on 2018-2023 Global Polystyrene & Expanded Polystyrene Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2023.

Polystyrene & Expanded Polystyrene Market Size will surpass USD 49 billion by 2025; according to a new research report by Global Market Insights, Inc. Polystyrene (PS) & expanded polystyrene (EPS) market is projected to observe strong demand in insulation and foaming applications in construction sector by 2025.

The significant applications of the product include: as lightweight fill for construction, slope stabilization, runway and roadway sub-grade insulation, etc., EPS geofoam was used in a planned housing development in the coastal area of Great Yarmouth, UK. The construction segment is likely to have a growth of CAGR close to 5% in PS & EPS market by 2025.

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Polystyrene & expanded polystyrene market has been facing intense competition in terms of performance, costs and availability in mutually-substitutable applications in the recent years. With polypropylene and polyethylene posing as the strongest competitors to PS & EPS, the market growth might be affected negatively in the near future.

EPS is expected to have the faster growth with an estimated CAGR of 4.7% during forecast period. Expanded polystyrene has been among the largest commodity polymers produced across the globe. In recent years, EPS has been specified for the first layer of construction in passive building construction. With this EPS usage, an advanced building envelope is achieved for attainting the highest ratings.

Browse key industry insights spread across 314 pages with 309 market data tables & 29 figures & charts from the report, “Polystyrene & Expanded Polystyrene Market t Size By Product (Polystyrene, Expanded Polystyrene), By Application (Insulation, Packaging, Foaming, Component Manufacturing, Chemical Intermediate), By End-user (Transportation, Electrical & Electronics, Construction, Consumer Goods, Food & Beverage), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Italy, UK, Russia, France, Spain, Poland, China, India, Japan, Australia, South Korea, Thailand, Indonesia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/polystyrene-ps-and-expanded-polystyrene-eps-market

Asia Pacific region observed the highest market share exceeding 40% in the overall polystyrene & expanded polystyrene market in 2017. The huge share was accredited to the substantial growth shown by regional automotive and construction industries. The expanding traits of urbanization and population feeding necessities will drive the regional construction, energy, automotive healthcare and food sectors in the next decade. This in turn present strong potential for PS & EPS demand by 2025.

Partial Chapter of the Table of Content:

Chapter 3. Polystyrene & Expanded Polystyrene Industry Insights

3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distributor channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.3.6.3. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Production process
3.4.4. Comparative analysis of manufacturing techniques
3.4.5. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Rising demand for EPS geofoam for insulation applications
3.5.1.2. Increasing product demand in the automotive sector
3.5.2. Industry pitfalls & challenges
3.5.2.1. Availability of high-performance substitutes
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by product
3.8.3. Price by end-user
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis, 2017
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategy dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis

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Major manufacturers include: ACH Foam Technologies, INEOS Styrolution, Trinseo S.A., Total S.A., BASF SE, SIBUR, SABIC, Flint Hills Resources, HIRSCH Servo etc. Manufacturers have been participating in strategic mergers & acquisitions in the highly fragmented PS & EPS market. For example, in Sept 2018, SABIC announced the acquisition of a 24.99% equity interest in Swiss Clariant AG. This strategic acquisition will ultimately help the company to diversify its product portfolio and to increase its market share.

Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/polystyrene-ps-and-expanded-polystyrene-eps-market

Source URL: https://marketersmedia.com/polystyrene-expanded-polystyrene-market-will-grow-at-45-cagr-to-exceed-49bn-by-2025/88897003

Source: MarketersMedia

Release ID: 88897003