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The report on Expanded Polystyrenes Market that has been recently added by Kenneth Research, offers a complete evaluation of the market and its growth prospects along with new business opportunities in the industry. Additionally, the report contains the market size and annual growth rate for a period of 8 years, i.e. forecast period between 2022 and 2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Expanded Polystyrenes Market Products.
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According to the statistics by the Invest India, the market value of chemicals industry in India was estimated to be USD 178 billion during the period 2018-2019. Additionally, the data also stated that the demand for petrochemicals in the country is observing a steady growth and is further estimated to grow at a CAGR of 7.5% during 2019-2023. On the other hand, the market for agrochemicals is expected to register a CAGR of 8% during the same period and further attain a market value of USD 4.7 billion by the end of 2025.
Polystyrene is a chemically synthesized macromolecule made from styrene molecule. Generally, polystyrene is hard but is liable to break easily and is a poor hurdle to oxygen and vapour. EPS is generally used for making several household items including cups, plates, trays, molded sheets and packing materials.
Market Dynamics
Through the projected period, the ever advancing demand of EPF in packaging industry will be a boost to its sales. Due to the need to protect products during transportation, EPF foam is widely used. Above all, the need for vehicles to be lightweight, and the inhouse safety of passengers will have a sturdy effect on its demand. However, the expanded polystyrene market growth is characterized by the unpredictable change in the crude oil prices and availability of its substitutes.
Market Segmentation
Here, the global Expanded Polystyrenes Market is segmented on the basis of product type, application, and region.
Product Type
White Expanded Polystyrene
Grey Expanded Polystyrene
Black Expanded Polystyrene
Application
Building & Construction Industry
Packaging Industry
Geographic Analysis
The Expanded Polystyrenes market analyzed on the basis of geography includes North & South America, Europe, Asia-Pacific, and Middle East & Africa. North America generated the highest revenue in the global market in 2015 due to higher technological advancements. However, Asia-Pacific is eyeing to grow at the highest rate owing to the economic advancements and large number of infrastructural projects across the region majorly including China and India.
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Key players
Some of the major players in the market includes Alpek, ACH Foam Technologies, Saudi Basic Industries Corporation (Saudi Arabia), LLC (U.S.), BASF SE (Germany), Kaneka (Japan), SIBUR Holding (Russia), SUNPOR KUNSTSTOFF GmbH (Austria), Synbra Holding bv (Netherlands), Synthos S.A. (Poland) etc.
Report ContentsRegional AnalysisReport Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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About Kenneth Research:
Kenneth Research is a multi-client market research database that aims at providing reports that help industry professionals including various individuals and organizations to identify the market trends and scope, thereby making it easier for them to take decisions and form strategies after complete assessment of the market. The various industries catered by the company include healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence and several others. Being a global market research reselling firm, Kenneth Research provides strategic business consultancy services at a global level and offers a single platform for the best market research reports.
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