Expanded Polystyrene Market to see 51% CAGR till 2026, rising demand for lightweight materials in the automobile industry

Global Expanded polystyrene market accounted for $15.3 billion in 2018, and is anticipated to hit $22.8 billion by 2026, registering at a CAGR of 5.1% from 2019 to 2026, As per the report published by Allied Market Research. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.

Development in the building and construction industry and increase in demand for lightweight materials in the automobile industry drive the growth of the global expanded polystyrene market. On the contrary, fluctuations in crude oil, and availability of high-performance substitute products hinder the market growth. However, involvement of injection molded process would open new opportunities in the coming years.

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Global Expanded Polystyrene Market is divided on the basis of product type, end-user industry, and region. Based on product type, the expanded polystyrene market is divided into white, grey, and black. The white segment dominated the market in 2018, accounting for more than half of the market. However, the grey segment is projected to manifest the highest CAGR of 6.0% during the forecast period.

The global expanded polystyrene market market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region is projected to portray the highest CAGR of 5.6% during the forecast period. In addition, the market region also dominated the market in 2018, accounting for nearly half of the market.

Based on end-user, the market analysis is divided on the basis of packaging, building & construction, domestic appliances, consumer electronics, medical, and others. The packaging segment held the largest revenue in 2018, accounting for more than one-third of the market. However, the building and construction segment is projected to manifest the highest CAGR of 6.3% during the forecast period.

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Key Players

1. Alpek, S.A.B. de C.V.
2. Arkema S.A.
3. BASF SE
4. Evonik Industries AG
5. Kaneka Corporation
6. LG Corporation
7. NOVA Chemical Corporation
8. SABIC
9. Styrochem
10. TOTAL S.A.

The global expanded polystyrene market report includes an in-depth analysis of the major market players such as Alpek, S.A.B. de C.V., Arkema S.A., BASF SE, Evonik Industries AG, Kaneka Corporation, LG Corporation (LG Corp), NOVA Chemical Corporation, SABIC, Styrochem, and TOTAL S.A. Among these, BASF SE, Evonik Industries AG, Kaneka Corporation, LG Corporation (LG Corp), and NOVA Chemical Corporation.

By End user Industry

. Packaging

. Domestic Appliances

. Consumer Electronics

. Building & Construction

. Medical

. Others

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About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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