Global Expanded Polystyrene (EPS) Foam Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Expanded Polystyrene (EPS) Foam Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Expanded polystyrene (EPS) is a rigid and tough, closed-cell foam with a normal density range of 11 to 32 kg/m3, it is usually white and made of pre-expanded polystyrene beads.

Market Overview:

The latest research study on the global Expanded Polystyrene (EPS) Foam market finds that the global Expanded Polystyrene (EPS) Foam market reached a value of USD 12009.42 million in 2022. It’s expected that the market will achieve USD 14059.33 million by 2028, exhibiting a CAGR of 2.66% during the forecast period.

The COVID-19 hinders the demand for EPS in the Building & construction industry

The global pandemic has severely impacted the growth of the construction industry. Stoppages or slowdowns in construction projects, movement restrictions, production shutdowns and labour shortages to curb the spread of the virus have led to slower growth in the construction industry, which in turn is expected to hamper demand for EPS in construction applications.

Development of the Building & construction industry in developing countries

Building and construction in developing countries Thanks to its low thermal conductivity of enclosed air, light weight (easy handling), mechanical resistance (wall construction and insulation of roofs and floors), low water absorption (moisture resistance), low water absorption and sound insulation (offices and rooms), EPS has become a powerful design element and an ideal choice for green buildings. EPS offers tangible environmental benefits, maximising energy efficiency, improving indoor environmental quality and enhancing the durability of buildings.

Strict regulation

In some major economies, such as the USA (New York), EPS projects have been banned. Polystyrene foam (EPS) cups have expanded and therefore cannot be recycled, and in order to produce these cups they require pure polystyrene beads. As EPS material is not biodegradable, some consumers do not like disposable (use and throw away) EPS coffee cups. Regulators are imposing penalties on manufacturers of expanded polystyrene foam in the global foam protection packaging market to restrict the production of expanded polystyrene-based foam.

Region Overview:

In 2022, the share of the Expanded Polystyrene (EPS) Foam market in Asia Pacific stood at 55.91%.

Company Overview:

Loyal Group is one of the major players operating in the Expanded Polystyrene (EPS) Foam market, holding a share of 18.75% in 2022.

LOYAL GROUP

Loyal Group main business is the production of plasticized raw materials such as EPS, general purpose grade polystyrene and impact resistant polystyrene.

XINDA FOAM

The company is a production company providing customers with a range of EPS resin products, integrating research and development, production and sales. The main products include common material, fuel barrier, food grade, graphite material and graphene EPS particles.

Segmentation Overview:

Among different product types, Conventional Type segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Building & Construction, with a market share of 48.71% in 2022.

Key Companies in the global Expanded Polystyrene (EPS) Foam market covered in Chapter 3:

BASF SE
Synthos
Kaneka Corporation
Knauf
Alpek
Total
Ravago SA
Loyal Group
SIBUR
ACH Foam Technologies
Sunchem
Xinda Foam

In Chapter 4 and Chapter 14.2, on the basis of types, the Expanded Polystyrene (EPS) Foam market from 2018 to 2029 is primarily split into:

Conventional Type
High Insulation Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Expanded Polystyrene (EPS) Foam market from 2018 to 2029 covers:

Building & Construction
Packaging
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)