DUBLIN, March 11, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/stg52q/expanded) has announced the addition of the "Concise Analysis of the International Expanded Polystyrene (EPS) Market - Forecasts to 2018" report to their offering.
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Expanded Polystyrene (EPS) has found numerous application areas across a wide range of industries due to its light weight, rigidity, and thermal and acoustic insulating properties. Made up of 98% air, EPS has low thermal conductivity, shock and sound absorbing characteristics, and moisture resistant properties. EPS is an excellent material for insulation applications in building and construction industry, and in the protective packaging application.
The global EPS market is driven by its diverse range of applications, and increasing R&D efforts that makes EPS highly resourceful. There exists huge demand from the building and construction sector, which finds its usefulness in a myriad of applications such as floor insulation, insulation foam for closed cavity walls, and roofs. The growing EPS demand from the construction and packaging markets is notable in key countries at global levels. New technology and innovations emerge commercially and would be quite effective for the growth of EPS in the future. The APAC EPS market demands for higher consumption due to its larger population needs and their growing activities across the constructions and packaging industries.
The global expanded polystyrene market's revenue was estimated to be worth $11.9 billion in 2012, and is expected to reach $19.2 billion by 2018, growing at a CAGR of 8.2% from 2013 to 2018. The APAC region dominated the global EPS market, bestowing 46% of the total revenue in 2012. China alone shared 40.0% of the global EPS consumption in 2012. The Indian EPS market, one of the fastest amongst major consuming countries, is expected to grow at a CAGR of 11.2% from 2013 to 2018.
Key market players concentrate on launching new products. This was observed to be the predominant strategic initiative. Following this strategy helped expand their geographical reach for success and increased production capacities. The market witnessed expansions, agreements & collaborations, mergers & acquisitions that target developing economies such as China, India, and Brazil.
The market focuses on high research activities to improve the adaptability of EPS for expanded use throughout a variety of end-use applications. Environmental regulations, unsuitability in a specific environment, and high prices are some of the major challenges faced by the market. This report analyzes the market on the basis of application types, and penetration of each type of expanded polystyrene in each major region. It also covers the market behavior of leading producers, key developments, and strategies implemented to sustain and succeed in the market.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 EPS Overview
5 Raw Materials & EPS Price Analysis
6 Expanded Polystyrene Market Assessment
7 Market Assessment By Application
8 Market Assessment By Geography
9 Import-Export Market
10 Competitive Landscape & Strategies
11 Burning Issues & Winning Strategies
12 Patent & Regulations In Global EPS Industry
13 Company Profiles
- Ach Foam Technologies LIC
- Adeplast SA
- Alpek SAB De CV
- Armacell GMBH
- BASF SE
- Carpenter Co
- Dyplast Products, LIC
- Dyplast Products, LIC
- Ford Motor Company
- Ineos Styrenics
- Kaneka Corporation
- Ming DIH Group Corporation
- Owens Corning
- Repsol SA
- Saint-Gobain Performance Plastics Corporation
- Styron LIC
- Synthos SA
- The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/stg52q/expanded
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SOURCE Research and Markets