Rising urbanization and industrialization especially in the developing economies will propel rise in the demand for expanded polystyrene. Data Bridge Market Research analyses that the expanded polystyrene market will witness a CAGR of 5.0% for the forecast period of 2021-2028.
Expanded polystyrene is a lightweight chemical polymer manufactured by using polystyrene beads. Expanded polystyrene is versatile in nature, provides excellent resistance and durability, and is effective moisture resisting polymers. This is why they are used in a range of applications like construction activities, packaging operations among others. Expanded polystyrene is an insulation material found in a multitude of shapes and sizes. Expanded polystyrene is a result of the polymerization of a large number of styrene monomers linked together to polystyrene. Expanded polystyrene is a rigid cellular plastic that also contains an expansion agent.
Expanded Polystyrene Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
Rising urbanization, industrialization and construction activities will boost up the demand for expanded polystyrene. The upsurge in the demand for durable residential and commercial buildings will further foster market growth especially in developing economies. Rising demand from other end-user verticals like the automotive and packaging industry will in turn boost up the expanded polystyrene market value. The rising demand for sustainable and lightweight solutions showing excellent thermal insulation has propelled growth in the demand for expanded polystyrene.
Fluctuations in the prices of raw materials will negatively impact the manufacturing process. A negative impact of the manufacturing process will create hindrances in the way of expanded polystyrene market growth. Thus, the availability of alternative solutions and materials, as a result, will pose a great level of challenge to the growth of expanded polystyrene market. Stringent regulations on the usage of specific products will further derail the market growth rate.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Chemical and Materials industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The expanded polystyrene market is segmented on the basis of product type, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the expanded polystyrene market is segmented into EPS manufacturing process, white expanded polystyrene, grey expanded polystyrene, black expanded and polystyrene.
- On the basis of application, the expanded polystyrene market is segmented into insulation, packaging, foaming, component manufacturing and chemical intermediate.
- On the basis of end use, the expanded polystyrene market is segmented into building and construction, packaging, electrical and electronics, food and beverages and others.
Market Country Level Analysis
· The countries covered in the expanded polystyrene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
· The major players covered in the expanded polystyrene market report are BASF SE, Synthos., KANEKA CORPORATION, Total, NOVA Chemicals Corporate., Ravago, SABIC, ePS Designs, Alpek S.A.B. de C.V, Versalis S.p.A., Flint Hills Resources., Atlas Roofing Corporation, BEWiSynbra Group, Brødr. Sunde as, NexKemia, B.V., Arkema, Evonik Industries AG, Polyone and Asahi Kasei Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Expanded Polystyrene Market Report Answers the Following Questions:
What is the expected growth rate of the Expanded Polystyrene Market during the forecast period?
What are the various factors that are likely to drive the growth of the Expanded Polystyrene Market?
What are the major challenges faced by the Expanded Polystyrene Market, and how are they being addressed?
Who are the key players operating in the Expanded Polystyrene Market, and what are their strategies for growth?
What are the emerging trends in the Expanded Polystyrene Market, and how are they expected to shape the market in the coming years?
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