The global extruded polystyrene market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key drivers responsible for the market growth include demand for energy-efficient buildings, rise in government infrastructure projects, expanding construction industry, distinct properties of XPS over traditional insulation materials and adoption of green building systems.Global extruded polystyrene market segmented on the basis of application and region.
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Residential Construction Dominate the Global Extruded Polystyrene Market
Based on application, global extruded polystyrene market segmented into non-residential construction and residential construction. Residential Construction held considerable market share during predicted period. With today’s design-oriented goals of sustainability and energy efficiency, the proper use of insulation is becoming more important than ever. Extruded polystyrene are used as an insulation for roof, cavity wall, floor, and perimeter insulation. XPS can also be used as wall cladding insulation & void filling.
Strategic Expansions are the key strategies adopted by market players
Global Extruded Polystyrene market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market
Key player’s profiles in the report are Abriso nv (Belgium), ACH Foam TechnologiesInc. (US), Austrotherm (Germany), BASF SE (Germany), DowDupont (US), EMIRATES EXTRUDED POLYSTYRENE L.L.C. (Dubai), Kingspan Group (Ireland), Owens Corning (US), Ravago S.A. (Ravatherm) (Luxemburg), Soprema (France) and URSA InsulationS.A (Belgium).
Precision Business Insights (PBI) in its report titled “Global Extruded Polystyrene Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
Detailed Segmentation
By Application
o Non-Residential Construction
o Residential Construction
By Geography
o North America
• U.S
• Canada
o Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA
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