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Expanded Polystyrene Market Worth 17.74 Billion USD by 2020


News provided by

MarketsandMarkets

26 Oct, 2015, 09:30 GMT

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PUNE, India, October 26, 2015 /PRNewswire/ --

The report "Expanded Polystyrene Market (EPS) by Type (White EPS, & Grey EPS), by Application (Building & Construction, Packaging, & Others) & by Region - Global Forecast to 2020", published by MarketsandMarkets, The Expanded Polystyrene Market is projected to reach USD 17.74 Billion by 2020, at a CAGR of 6.03% between 2015 and 2020.

Browse 87 market data Tables and 62 Figures spread through 128 Pages and in-depth TOC on "Expanded Polystyrene Market"

http://www.marketsandmarkets.com/Market-Reports/expanded-polystyrene-market-1138.html
Early buyers will receive 10% customization on this report.

Expanded Polystyrene (EPS) comprises polystyrene beads or micro-pellets containing a blowing agent and other additives for foaming. EPS offers excellent features such as insulation properties, durability, lightweight, and excellent processability. It serves applications such as thermal insulation board in buildings, packaging, cushioning of valuable goods, stand-up paddle boards, and food packaging, and so on. The excellent mechanical properties of EPS are rigorously utilized in combination with fast construction/assembly and low subsequent maintenance. Expanded polystyrene helps in energy conservation and is thus essential for the creation of green built spaces. In the last ten years, to improve the energy efficiency of the buildings, the grey EPS material, which have lesser thermal conductivities and also offers better insulation properties than the white EPS, have been developed on the global level.

The drivers identified for the Expanded Polystyrene Market are growing building & construction and packaging industries. In terms of demand, China is the largest market of expanded polystyrene. The market in the Middle East and Brazil are also growing but at a slow pace as compared to the countries in Asia-Pacific. In developed countries such as the U.S., France, Germany, Japan, and Italy, the market is growing at a low-to-moderate rate.

Download Free Sample Pages: http://www.marketsandmarkets.com/pdfdownload.asp?id=1138

Asia-Pacific is the largest market for expanded polystyrene, both in terms of volume and value, followed by Western Europe and North America. The key players in this market are BASF SE (Germany), Total S.A. (France), Synthos S.A. (Poland), Kaneka Corporation (Japan), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), PJSC SIBUR HOLDING (Russia), Alpek SAB de CV (Mexico), ACH Foam Technologies, LLC (U.S.), Ineos Styrenics International SA (Switzerland), SUNPOR KUNSTSTOFF GmbH (Austria), and Synbra Holding B.V. (The Netherlands), among others.

The expanded polystyrene market, in terms of value and volume, is estimated by considering the current and future projections according to the economic and industrial outlook. This analysis also covers important developments, expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.

The market size, in terms of value, of expanded polystyrene was estimated to be about USD 13.23 Billion in 2015 and is projected to reach USD 17.74 Billion by 2020, at a CAGR of 6.03% between 2015 and 2020.

For more Inquiries: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1138

The growth drivers of the Expanded Polystyrene Market include the growing construction and packaging industries. The restraints of the market include volatility in crude oil prices, availability of high-performance substitutes, and Chinas slowing macroeconomic condition. Easy recycling feature of polystyrene products is an opportunity for the expanded polystyrene industry. The challenges faced by EPS manufacturers are growing preference for molded pulp packaging and ban of EPS in major economies.

Browse Related Reports: 

Polystyrene Market by Application (Packaging, Electronics, Consumer Goods & Appliances, Construction, and Others) & Geography - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/polystyrene-market-148308682.html

Styrenics Market - Polystyrene (Expanded, GPPS), Acrylonitrile Butadiene Styrene, SBR, UPR - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/styrenic-polymers-market-748.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Contact:

Mr. Rohan
MarketsandMarkets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441


 

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