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Asia-Pacific Expanded Polystyrene (EPS) Market 2019-2028

  • ID: 5205059
  • Report
  • December 2020
  • Region: Asia Pacific
  • 120 pages
  • Triton Market Research

FEATURED COMPANIES

  • Alpek SAB DE CV
  • BASF SE
  • Evonik Industries AG
  • Kaneka Corporation
  • Nova Chemical Corporation
  • Sabic
  • MORE

MARKET OUTLOOK

Research shows that the Asia-Pacific expanded polystyrene (EPS) market will be fast progressing at a CAGR of 6.07% in terms of revenue and 5.32% in terms of volume over the forecast period 2019-2028.
Australia & New Zealand, India, China, Japan, South Korea, ASEAN countries, and Rest of APAC together form the market in this region.

Plastics have become the preferred choice for packaging in South Korea. This is attributable to numerous factors - it is cost-effective, highly resistant to external conditions, has effective barrier properties, is durable, and has superior aesthetic value. Numerous factors, such as the rising focus on manufacturing and the extensive growth in end-user industries, are responsible for the increase in demand and supply of plastic products around the globe.

Rigid packaging holds the highest share in the market. Its demand is expected to continue, due to the growing demand from the pharmaceutical sector. Also, an increase in demand for flexible packaging is expected, given the advancements in technology and the demand for healthier food products. Packaging is one of the main application segments for expanded polystyrene. Thus, the growth in the packaging industry is driving the market for EPS in South Korea.

People in Australia consume beverages on a large scale, and thus, the beverage industry plays a crucial role. Of late, there has been a growth in the trend of consumption of organic and dairy beverages. This is creating immense growth opportunities for flexible packaging manufacturers in the country. This calls for an increased adoption of EPS. The growing adoption is fueling the growth of the expanded polystyrene market in Australia.

COMPETITIVE OUTLOOK

The major competitors in this market are Bewisynbra Group AB, Alpek SAB De CV, Evonik Industries AG, Sibur, LG Corporation, SABIC, Nova Chemical Corporation, and Jackon GmbH.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alpek SAB DE CV
  • BASF SE
  • Evonik Industries AG
  • Kaneka Corporation
  • Nova Chemical Corporation
  • Sabic
  • MORE
1. Asia-Pacific Expanded Polystyrene (EPS) Market - Summary

2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Asia-Pacific is Most Promising Regional Market
2.2.2. Grey EPS is Anticipated to Grow at Highest Cagr
2.2.3. India is Leading in Terms of EPS Adoption
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Impact of Covid-19 - Expanded Polystyrene (EPS)
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Market Drivers
2.7.1. Advantage Over Alternative Materials
2.7.2. Increasing Demand in Building & Construction and Packaging Sector
2.8. Market Restraints
2.8.1. Instability in Crude Oil Prices
2.9. Market Opportunities
2.9.1. Growing Demand for Lightweight Materials in Automobile Industry
2.10. Market Challenges
2.10.1. Obtainability of Alternative Products

3. Asia-Pacific Expanded Polystyrene (EPS) Market Outlook - by Type
3.1. White
3.2. Grey
3.3. Black

4. Asia-Pacific Expanded Polystyrene (EPS) Market Outlook - by Industry Vertical
4.1. Packaging
4.2. Automotive
4.3. Domestic Appliances
4.4. Consumer Electronics
4.5. Building & Construction
4.6. Medical
4.7. Other Industry Verticals

5. Asia-Pacific Expanded Polystyrene (EPS) Market - Regional Outlook
5.1. China
5.2. Japan
5.3. India
5.4. South Korea
5.5. Asean Countries
5.6. Australia & New Zealand
5.7. Rest of Asia-Pacific

6. Competitive Landscape
6.1. Alpek Sab De Cv
6.2. Arkema Sa
6.3. Basf Se
6.4. Evonik Industries AG
6.5. Kaneka Corporation
6.6. LG Corporation
6.7. Nova Chemical Corporation
6.8. Sabic
6.9. Styrochem
6.10. Total Sa
6.11. Ravago
6.12. Sibur
6.13. Jackon GmbH
6.14. Bewisynbra Group Ab
6.15. Sunpor Kunststoff GmbH

7. Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology

List of Tables
Table 1: Market Attractiveness Index
Table 2: Vendor Scorecard
Table 3: Asia-Pacific Expanded Polystyrene (EPS) Market, by Country, 2019-2028 (In $ Million)
Table 4: Asia-Pacific Expanded Polystyrene (EPS) Market, by Country, 2019-2028 (In Kiloton)
Table 5: Asia-Pacific Expanded Polystyrene (EPS) Market, by Type, 2019-2028 (In $ Million)
Table 6: Asia-Pacific Expanded Polystyrene (EPS) Market, by Type, 2019-2028 (In Kiloton)
Table 7: Asia-Pacific Expanded Polystyrene (EPS) Market, by Industry Vertical, 2019-2028 (In $ Million)
Table 8: Asia-Pacific Expanded Polystyrene (EPS) Market, by Industry Vertical, 2019-2028 (In Kiloton)

List of Figures
Figure 1: Porter's Five Forces Analysis
Figure 2: Asia-Pacific Expanded Polystyrene (EPS) Market, by White, 2019-2028 (In $ Million)
Figure 3: Asia-Pacific Expanded Polystyrene (EPS) Market, by Grey, 2019-2028 (In $ Million)
Figure 4: Asia-Pacific Expanded Polystyrene (EPS) Market, by Black, 2019-2028 (In $ Million)
Figure 5: Asia-Pacific Expanded Polystyrene (EPS) Market, by Packaging, 2019-2028 (In $ Million)
Figure 6: Asia-Pacific Expanded Polystyrene (EPS) Market, by Automotive, 2019-2028 (In $ Million)
Figure 7: Asia-Pacific Expanded Polystyrene (EPS) Market, by Domestic Appliances, 2019-2028 (In $ Million)
Figure 8: Asia-Pacific Expanded Polystyrene (EPS) Market, by Consumer Electronics, 2019-2028 (In $ Million)
Figure 9: Asia-Pacific Expanded Polystyrene (EPS) Market, by Building & Construction, 2019-2028 (In $ Million)
Figure 10: Asia-Pacific Expanded Polystyrene (EPS) Market, by Medical, 2019-2028 (In $ Million)
Figure 11: Asia-Pacific Expanded Polystyrene (EPS) Market, by Other Industry Verticals, 2019-2028 (In $ Million)
Figure 12: Asia-Pacific Expanded Polystyrene (EPS) Market, Regional Outlook, 2019 & 2028 (In %)
Figure 13: China Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)
Figure 14: Japan Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)
Figure 15: India Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)
Figure 16: South Korea Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)
Figure 17: Asean Countries Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)
Figure 18: Australia & New Zealand Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)
Figure 19: Rest of Asia-Pacific Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Alpek SAB DE CV
  • Arkema Sa
  • BASF SE
  • Evonik Industries AG
  • Kaneka Corporation
  • LG Corporation
  • Nova Chemical Corporation
  • Sabic
  • Styrochem
  • Total Sa
  • Ravago
  • Sibur
  • Jackon GmbH
  • Bewisynbra Group Ab
  • Sunpor Kunststoff GmbH
Note: Product cover images may vary from those shown

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