Latin America Expanded Polystyrene (EPS) Market 2019-2028

MARKET OUTLOOK

The expanded polystyrene (EPS) market in Latin America has been projected to depict growth in terms of revenue and expand with a CAGR of 4.40% in revenue and 3.74% in volume during the forecast years 2019-2028, according to this report.
Brazil, Mexico, and Rest of Latin America together shape the market in this region.

In Latin America, the heating and cooling of buildings are responsible for the majority of total energy consumption. Thus, in the coming few years, the demand for insulation materials, for both commercial and residential purposes, is expected to rise. This is also expected to happen because of the rise in energy prices and regulations by the government to reduce GHG emissions. Owing to these factors, the demand for expanded polystyrene is also expected to increase significantly in the coming years.

EPS-based insulating materials can decrease energy loss in buildings as well as lower the amount of energy needed to maintain a comfortable living environment. In addition, the presence of large oil corporations in the region signifies an increased production of EPS here. The growth in the packaging and construction industries is driving the market growth in Latin America.

The Government of Brazil aims to enhance the sustainability of the tourism sector, laying a special emphasis on making the country a medical and health tourism hub. In January 2020, around 9000 hotel rooms were under construction in the country, making Brazil a leader in the construction of lodging facilities in the Central and South American region. These factors are expected to boost the demand for EPS, and thereby fuel the market growth in Latin America.

COMPETITIVE OUTLOOK

The prominent companies in this market are Alpek SAB De CV, LG Corporation, Kaneka Corporation, SABIC, Nova Chemical Corporation, Arkema SA, Evonik Industries AG, and BASF SE.

1. Latin America Expanded Polystyrene (EPS) Market - Summary

2. Industry Outlook

2.1. Market Definition
2.2. Key Insights
2.2.1. Grey EPS is Anticipated to Grow at Highest Cagr
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. Latin America Expanded Polystyrene (EPS) Market Outlook - by Type

3.1. White
3.2. Grey
3.3. Black

4. Latin America 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. Latin America Expanded Polystyrene (EPS) Market - Regional Outlook

5.1. Brazil
5.2. Mexico
5.3. Rest of Latin America

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: Latin America Expanded Polystyrene (EPS) Market, by Country, 2019-2028 (In $ Million)
Table 4: Latin America Expanded Polystyrene (EPS) Market, by Country, 2019-2028 (In Kiloton)
Table 5: Latin America Expanded Polystyrene (EPS) Market, by Type, 2019-2028 (In $ Million)
Table 6: Latin America Expanded Polystyrene (EPS) Market, by Type, 2019-2028 (In Kiloton)
Table 7: Latin America Expanded Polystyrene (EPS) Market, by Industry Vertical, 2019-2028 (In $ Million)
Table 8: Latin America Expanded Polystyrene (EPS) Market, by Industry Vertical, 2019-2028 (In Kiloton)

List of Figures

Figure 1: Porter's Five Forces Analysis
Figure 2: Latin America Expanded Polystyrene (EPS) Market, by White, 2019-2028 (In $ Million)
Figure 3: Latin America Expanded Polystyrene (EPS) Market, by Grey, 2019-2028 (In $ Million)
Figure 4: Latin America Expanded Polystyrene (EPS) Market, by Black, 2019-2028 (In $ Million)
Figure 5: Latin America Expanded Polystyrene (EPS) Market, by Packaging, 2019-2028 (In $ Million)
Figure 6: Latin America Expanded Polystyrene (EPS) Market, by Automotive, 2019-2028 (In $ Million)
Figure 7: Latin America Expanded Polystyrene (EPS) Market, by Domestic Appliances, 2019-2028 (In $ Million)
Figure 8: Latin America Expanded Polystyrene (EPS) Market, by Consumer Electronics, 2019-2028 (In $ Million)
Figure 9: Latin America Expanded Polystyrene (EPS) Market, by Building & Construction, 2019-2028 (In $ Million)
Figure 10: Latin America Expanded Polystyrene (EPS) Market, by Medical, 2019-2028 (In $ Million)
Figure 11: Latin America Expanded Polystyrene (EPS) Market, by Other Industry Verticals, 2019-2028 (In $ Million)
Figure 12: Latin America Expanded Polystyrene (EPS) Market, Regional Outlook, 2019 & 2028 (In %)
Figure 13: Brazil Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)
Figure 14: Mexico Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)
Figure 15: Rest of Latin America Expanded Polystyrene (EPS) Market 2019-2028 (In $ Million)