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Expanded Polystyrene Market by Product Type and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5031504
  • Report
  • March 2020
  • Region: Global
  • 290 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Alpek
  • Arkema SA
  • Basf SE
  • Kaneka Corporation
  • LG Corporation
  • Nova Chemical Corporation
The global expanded polystyrene market was valued at $15.3 billion in 2018 and is projected to reach $22.8 billion by 2026, growing at a CAGR of 5.1% from 2019 to 2026. Expanded polystyrene (EPS) is a rigid and light weight insulation material. It has closed cell structure that offers several advantages for insulation. The material offers various properties such as shock absorption, resistance to humidity, resistance to compression, retention to vitamin C, hygienic, and resistance to chemicals. It has applications in packaging, automotive, furnishing, and construction industries. The material is used for packaging purposes in food & beverage and electronic markets.



Expanded polystyrene market is impacted by its applications in various industries. The properties such as thermal insulation, versatility, mechanical resistance, and slow ageing make them suitable as construction material or for large structures such as roads, bridges, railway lines, public buildings, or even small residences. The wide use of EPS in the construction industry acts as a driving factor for expanded polystyrene market growth. Furthermore, it is preferred for packaging due to its low weight. Moreover, retention of vitamin C also makes it ideal for packaging fruit and vegetables.

These applications in packaging industry are expected to drive the market growth. However, volatility of crude oil prices highly impacts the market growth acting as restraining factor. In addition, availability of high-performance substitutes is also expected to restrain the market growth. Meanwhile, the properties of expanded polystyrene such as recyclability and bio-degradability are anticipated to provide lucrative opportunity for the market growth.

The global expanded polystyrene market is divided on the basis of product type, end-use industry, and region. Based on product type, the market is divided into white, grey, and black. By end-user industry, it is segmented into packaging, building & construction, domestic appliances, consumer electronics, medical, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

The key players operating in the expandable polystyrene industry are Alpek, S.A.B. de C.V., Arkema S.A., BASF SE, Evonik Industries AG, Kaneka Corporation, LG Corporation, NOVA Chemical Corporation, SABIC, Styrochem, and TOTAL S.A.

KEY BENEFITS FOR STAKEHOLDERS
  • The Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current expanded polystyrene market trends and future scenario of the market size from 2018 to 2026to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue
contribution in the expanded polystyrene market analysis at the regional and country-level market.
  • The key drivers, restraints, and expanded polystyrene market opportunities and their detailed impact analyses are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.

KEY MARKET SEGMENTS

By Product Type
  • White
  • Grey
  • Black

By End user Industry
  • Packaging
  • Domestic Appliances
  • Consumer Electronics
  • Building & Construction
  • Medical
  • Others

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Malaysia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Players
  • Alpek, S.A.B. de C.V.
  • Arkema S.A.
  • BASF SE
  • Evonik Industries AG
  • Kaneka Corporation
  • LG Corporation
  • NOVA Chemical Corporation
  • SABIC
  • Styrochem
  • TOTAL S.A.
Frequently Asked Questions about the Global Expanded Polystyrene Market

What is the estimated value of the Global Expanded Polystyrene Market?

The Global Expanded Polystyrene Market was estimated to be valued at $15.3 billion in 2018.

What is the growth rate of the Global Expanded Polystyrene Market?

The growth rate of the Global Expanded Polystyrene Market is 5.1%, with an estimated value of $22.8 billion by 2026.

What is the forecasted size of the Global Expanded Polystyrene Market?

The Global Expanded Polystyrene Market is estimated to be worth $22.8 billion by 2026.

Who are the key companies in the Global Expanded Polystyrene Market?

Key companies in the Global Expanded Polystyrene Market include Alpek, Arkema SA, Basf SE, Nova Chemical Corporation, Styrochem, LG Corporation, Kaneka Corporation and Evonik Group of Industries.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alpek
  • Arkema SA
  • Basf SE
  • Kaneka Corporation
  • LG Corporation
  • Nova Chemical Corporation

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders:
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top investment pockets
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping the expanded polystyrene market
3.2.1. Low Bargaining power of suppliers
3.2.2. Low bargaining power of buyer
3.2.3. Low threat of substitute
3.2.4. Highly competitive rivalry
3.2.5. Moderate threat of new entrants
3.3. Impact of government regulations on the global expanded polystyrene market
3.4. Patent Analysis
3.4.1. By Region (2012-2017)
3.5. Case studies
3.5.1. Case Study 01
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Growth in demand in the building & construction and packaging industry
3.6.1.2. Rise in demand for lightweight materials in the automobile industry
3.6.2. Restrains
3.6.2.1. Fluctuations in crude oil prices
3.6.2.2. Availability of high-performance substitute products
3.6.3. Opportunities
3.6.3.1. Involvement of injection molded process
CHAPTER 4: EXPANDED POLYSTYRENE MARKET, BY TYPE
4.1. Overview
4.2. White
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Grey
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Black
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
CHAPTER 5: EXPANDED POLYSTYRENE MARKET, BY END-USER INDUSTRY
5.1. Overview
5.2. Packaging
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Domestic appliances
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Consumer electronics
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country
5.5. Building & construction
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country
5.6. Medical
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country
5.7. Others
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis, by country
CHAPTER 6: EXPANDED POLYSTYRENE MARKET, BY REGION
6.1. Overview
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by end-user industry
6.2.4. Market analysis, by country
6.2.4.1. U. S.
6.2.4.1.1. Market size and forecast, by type
6.2.4.1.2. Market size and forecast, by end-user industry
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by type
6.2.4.2.2. Market size and forecast, by end-user industry
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by type
6.2.4.3.2. Market size and forecast, by end-user industry
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by end-user industry
6.3.4. Market analysis, by country
6.3.4.1. UK
6.3.4.1.1. Market size and forecast, by type
6.3.4.1.2. Market size and forecast, by end-user industry
6.3.4.2. Germany
6.3.4.2.1. Market size and forecast, by type
6.3.4.2.2. Market size and forecast, by end-user industry
6.3.4.3. France
6.3.4.3.1. Market size and forecast, by type
6.3.4.3.2. Market size and forecast, by end-user industry
6.3.4.4. Italy
6.3.4.4.1. Market size and forecast, by type
6.3.4.4.2. Market size and forecast, by end-user industry
6.3.4.5. Rest of Europe
6.3.4.5.1. Market size and forecast, by type
6.3.4.5.2. Market size and forecast, by end-user industry
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by end-user industry
6.4.4. Market analysis, by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by type
6.4.4.1.2. Market size and forecast, by end-user industry
6.4.4.2. Japan
6.4.4.2.1. Market size and forecast, by type
6.4.4.2.2. Market size and forecast, by end-user industry
6.4.4.3. South Korea
6.4.4.3.1. Market size and forecast, by type
6.4.4.3.2. Market size and forecast, by end-user industry
6.4.4.4. India
6.4.4.4.1. Market size and forecast, by type
6.4.4.4.2. Market size and forecast, by end-user industry
6.4.4.5. Malaysia
6.4.4.5.1. Market size and forecast, by type
6.4.4.5.2. Market size and forecast, by end-user industry
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Market size and forecast, by type
6.4.4.6.2. Market size and forecast, by end-user industry
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by end-user industry
6.5.4. Market analysis, by country
6.5.4.1. Brazil
6.5.4.1.1. Market size and forecast, by type
6.5.4.1.2. Market size and forecast, by end-user industry
6.5.4.2. Saudi Arabia
6.5.4.2.1. Market size and forecast, by type
6.5.4.2.2. Market size and forecast, by end-user industry
6.5.4.3. South Africa
6.5.4.3.1. Market size and forecast, by type
6.5.4.3.2. Market size and forecast, by end-user industry
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market size and forecast, by type
6.5.4.4.2. Market size and forecast, by end-user industry
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. INTRODUCTION
7.1.1. MARKET PLAYER POSITIONING, 2018
7.2. Product Mapping of Top 10 Player
7.3. Competitive Heatmap
7.4. Key Developments
CHAPTER 8: COMPANY PROFILES
8.1. Alpek, S. A. B. de C. V.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves and developments
8.2. ARKEMA S. A.
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.3. BASF SE
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. R&D Expenditure
8.3.6. Business performance
8.4. Evonik Industries AG
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. R&D Expenditure
8.4.6. Business performance
8.5. KANEKA CORPORATION
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.6. LG Corporation
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.7. NOVA Chemical Corporation
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Product portfolio
8.7.4. Business performance
8.8. SABIC
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product Portfolio
8.8.5. Business performance
8.9. Styrochem
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.10. Total S. A.
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance
8.11. Other key player profiles
8.11.1. Key player snapshot
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alpek
  • Arkema SA
  • Basf SE
  • Kaneka Corporation
  • LG Corporation
  • Nova Chemical Corporation
According to this report titled, 'Exp anded Polystyrene Market by Type and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global exp anded polystyrene market was valued at $15.3 billion in 2018 and is projected to reach $22.8 billion by 2026, growing at a CAGR of 5.1% from 2019 to 2026.

Exp anded polystyrene (EPS) is a rigid and light weight insulation material. It has various properties such as shock absorption, resistance to humidity, resistance to compression, retention to vitamin C, hygienic, and resistance to chemicals. It finds application in automotive, furnishing, packaging, and construction industries.

The exp anded polystyrene market is impacted by its applications in various industries. The properties such as thermal insulation, versatility, mechanical resistance, and slow ageing are desirable in construction markets. Therefore, increase in the use of EPS in the construction industry drives the growth of the exp and able polystyrene market. Furthermore, it is the lightest packaging available due to its low weight and is ideal for packaging fruit and vegetables. Therefore, these applications in the packaging industry further fuels the market growth. However, volatility of crude oil prices and availability of high-performance substitutes are expected to restrain the market growth. Meanwhile, the properties of EPS such as recyclability and biodegradability offers lucrative growth opportunity for the industry.

The global exp and able polystyrene market is divided on the basis of type, end-use industry, and region. Based on product type, the market is divided into white, grey, and black. The white segment was the highest contributor to the market in 2018 and is expected to grow with a CAGR of 4.8% during the forecast period. The white segment was also the highest contributor in terms of volume and is expected to grow at a CAGR of 4.5% during the forecast period.

Based on end-use industry, the market is segmented into packaging, building & construction, domestic appliances, consumer electronics, medical, and others. The packaging segment was the highest contributor to the market and is expected to grow at a CAGR of 5.4% during the forecast period. The building & construction is the fastest growing segment and is predicted to grow with a CAGR of 6.3%.

Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor in 2018 and is expected to grow with a CAGR of 5.6% during the forecast period. The demand for EPS insulation is on a continuous rise in Asia-Pacific, owing to the encouragement of private ownership of real estate and a rise in home renovation & construction activities. Moreover, the Chinese government has developed policies promoting building energy efficiency. Government initiatives to increase construction expenditure to improve public and commercial infrastructure along with energy conservation initiatives to reduce greenhouse gas emissions augment the market growth.

The key players operating in the exp and able polystyrene industry are Alpek, Arkema SA, Basf SE, Nova Chemical Corporation, Styrochem, LG Corporation, Kaneka Corporation, Total SA, and Evonik Group of Industries.

Key Findings of the Study:
  • In 2018, the Asia-Pacific market held a share of over 48.0% in the global exp anded polystyrene market.
  • North America is expected to grow with the highest CAGR of 3.8% during the forecast period.
  • The building & construction segment is projected to grow at a CAGR of 6.3% by 2026.
  • Mexico was the highest revenue contributor in North America exp anded polystyrene market size and is expected to grow with the CAGR of 4.1%.

Packaging materials made from EPS are corners, edge protectors, flat pads, custom cut pads, specialty items, end caps, door cores, wall panels, roof panels, concrete void fillers, and specialty panels. Therefore, wide applications of EPS in the packaging industry is expected to drive the market growth.
Note: Product cover images may vary from those shown
  • Alpek
  • Arkema SA
  • Basf SE
  • Nova Chemical Corporation
  • Styrochem
  • LG Corporation
  • Kaneka Corporation
  • Total SA
  • Evonik Group of Industries
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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