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Asia-Pacific Expanded Polystyrene (EPS) Market - Segmentation by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

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  • 111 Pages
  • May 2018
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 4536314
The Asia-Pacific expanded polystyrene (EPS) Market is expected to grow at a significant rate during the forecast period (2018 - 2023). The major trend driving the EPS market in Asia-Pacific is the huge demand from the building & construction sector, where it is used in a myriad of applications, such as floor insulation, insulation foam for closed cavity walls, and roofs.

Growth in Construction Industry

The global construction sector is expected to expand by an annual average of 3.2% over the next decade to a nominal value of more than USD 6 trillion. The Asia-Pacific construction industry is the fastest growing market across all regions and is expected to account for the largest share in the construction market in the world. Many schemes and projects, such as “housing for all” in India, give acceleration to the construction industry in this region. Similarly, the ‘One Belt One Road Initiative’ by China to make a road and marine network from China to Italy to provide acceleration to commercial activities will give boost to the construction industry during the forecast period. Rapid increase in population, especially in China and India, will give a rise to construction activity in developing countries.

Building & Construction - The Fastest Growing Segment by Usage

The building & construction sector finds expanded polystyrene useful in several applications, such as floor insulation, insulation foam for cavity walls, and roofs due to its structural integrity and design flexibility qualities. Increasing energy prices are forcing consumers to work towards developing thermal efficiency of constructions to reduce their energy consumption; this, in turn, is driving the market for EPS-based roofing systems. The key areas of expected growth in the construction market are transport, energy, social infrastructure, defense infrastructure, etc. Owing to the growing construction industry in countries like China, India etc., the utilization of EPS for various insulation and roofing purposes is expected to increase significantly, further boosting the market for EPS products.

China to Lead the Market

Asia-Pacific is the largest consumer and producer of expanded polystyrene, with the greater part of the world capacity in China. Currently, Asia-Pacific dominates the market for EPS, with almost half of the global revenue share, followed by North America and Europe. China alone contributes to 40% of the global consumption in this market. Large population and growing activities in construction, especially in residential and infrastructure projects and packaging industries across China, are contributing to the higher consumption in this region.

Major Players: SABIC, DowDuPont, BASF SE, Formosa Plastics, and Lanxess AG, among others.

Reasons to Purchase the Report

To understand the impact of end-user applications on the market

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

Countries expected to witness the fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3 month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

The report can be customized to meet your requirements. Please connect with our analyst, who will ensure you to get a report that suits your needs.

This product will be delivered within 2 business days.

Table of Contents

1. Introduction
1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand in Developing Economies
4.1.2 Growth in Construction Industry
4.2 Restraints
4.2.1 Increasing Environmental and Health Concerns
4.3 Opportunities
4.3.1 Innovative Product Approaches by Companies
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 White EPS
5.1.2 Grey EPS
5.1.3 Silver EPS
5.2 By End-user Industry
5.2.1 Packaging
5.2.2 Buildings & Construction
5.2.3 Others
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 China
6.2 India
6.3 Japan
6.4 South Korea
6.5 Rest of Asia-Pacific
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis***
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.2 Covestro
8.3 DowDuPont
8.5 Lanxess AG
8.6 Total SA
8.7 Formosa Plastics Group
8.8 Americas Styrenics
8.9 INEOS Styrolution
8.10 Henjiang Chimei Chemical Co., Ltd
8.11 PS Japan Corporation
8.12 Trinseo LLC
8.13 TOTAL Gestion USA
8.14 Ineos Nova LLC
8.15 Total Petrochemicals
8.16 Owens Corning
8.17 Nova Chemicals Corporation
*List not exhaustive
9. Disclaimer
**Subject to availability on public domain

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:


  • Covestro

  • DowDuPont


  • Lanxess AG

  • Total SAA.

  • Formosa Plastics Group

  • Americas Styrenics

  • INEOS Styrolution

  • Henjiang Chimei Chemical Co. LTD

  • PS Japan Corporation

  • Trinseo LLC

  • TOTAL Gestion USA

  • Ineos Nova LLC

  • Total Petrochemicals

  • Owens Corning

  • Nova Chemicals Corporation