The global [FURL=https://www.reportsanddata.com/report-detail/expanded-polystyrene-eps-market]Polystyrene Market[/FURL] is expected to reach USD 23.70 Billion by 2026, according to a new report by Reports and Data. Polystyrene is the commonly used industry name for rigid material produced from the expanded polystyrene beads. EPS is a rigid, lightweight, plastic foam insulating material made from solid beads of polystyrene.The increasing prominence of insulation property in the building & construction sector of developed economies comprising China and India is anticipated to support the usage of high-quality polymers. Moreover, an increase in spending for enhancing the longevity of residential buildings and commercial complexes in extreme, external environmental conditions is projected to stimulate the market demand for expanded polystyrene.
Increasing demand for cold chain packaging in the pharmaceutical sector for improving product safety and maintaining the freshness of the packaged products in the food and beverages industry during transportation is anticipated to boost the market growth. Besides, advancement in the frozen food industry in developed economies including the U.S. and Japan is expected to increase the scope of EPS in the packaging sector during the forecast period.
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Availability of better substitutes for expanded polystyrene in the market is a significant restraint that may have a negative impact on the market demand.
Key participants include BASF SE, S.C. Adeplast S.A., Sunpor Kunststoff GmbH, Ineous Styrenics, Universal Foam Products, Styro Limited, Nova Chemicals Corporation, the Ravago Group, Synthos S.A., and Versalis S.P.A among others.
For the purpose of this report, Reports and Data have segmented global expanded polystyrene market on the basis of product type, material, process, application, end-user, and region:
Product Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
White Expanded Polystyrene
Grey Expanded Polystyrene
Black expanded Polystyrene
Material Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Raw beads
Expanded Beads
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Process Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Black Molding
Shape Molding
Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Insulation
Packaging
Foaming
Component Manufacturing
Chemical Intermediate
End-User Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Electrical & Electronics
Automotive
Construction
Consumer Goods
Food & Beverages
Others
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Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
North America
U.S.
Europe
Germany
UK
Asia Pacific
China
India
South-east Asia
Latin America
Brazil
MEA
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