PUNE, India, April 27, 2017 /PRNewswire/ --
The report "Expanded Polystyrene Market by Product Type (White, Grey, Black), Application (Building & Construction, Packaging), and Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022", Published by MarketsandMarkets™, the market is projected to reach USD 18.97 Billion by 2022, at a CAGR of 5.1% from 2017 to 2022. In this study, 2016 has been considered as the base year for estimating the market size.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 174 market data tables and 46 figures spread through 176 pages and in-depth TOC on "Expanded Polystyrene Market"
Early buyers will receive 10% customization on this report.
The expanded polystyrene market is projected to grow at a CAGR of 5.1% from 2017 to 2022, in terms of value. The market is mainly driven by the growing construction and packaging industries in emerging countries. Expanded polystyrene is widely used in the construction industry, due to closed air low thermal conductivity, lightweight (ease of handling), mechanical resistance (insulation in wall structure, roofs & flooring), low water absorption (prevents damage due to humidity), and sound resistance (in offices). Packaging is a major component of a company's successful marketing strategy, fostered by innovation. The growth of the packaging industry is thus consequently expected to fuel the growth of the expanded polystyrene market.
Request for Sample PDF of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1138
Building & construction: the leading end-use industry segment of the expanded polystyrene market
Expanded polystyrene resins are commonly used materials in the building & construction industry. Apart from its application in insulation, expanded polystyrene foam is also used inroad foundations, void forming, flotation, drainage, impact sound insulation, modular construction elements, cellular bricks, bridges, railway lines, public buildings, or even small family residences, among others. Excellent mechanical properties, quick construction/assembly ability, and low subsequent maintenance of expanded polystyrene makes it a preferred material in the building & construction industry. Changing consumer preferences and growing need for technologically-advanced products is expected to boost the market for expanded polystyrene.
Grey expanded polystyrene: the fastest-growing product type segment of the expanded polystyrene market
Grey expanded polystyrene materials with lesser thermal conductivities but better insulation properties than the white expanded polystyrene have been developed, with the purpose of improving the energy efficiency of the buildings. Graphite, which is used in grey expanded polystyrene, reduces the amount of radiant heat that moves through the expanded polystyrene. The use of graphite in expanded polystyrene helps reduce heat transfer through the material by 9-21%, depending on density. The grey expanded polystyrene segment is projected to witness higher growth than that the white expanded polystyrene segment in the next five years.
The Expanded Polystyrene Market in Asia-Pacific is witnessing rapid growth, driven by significant economic growth and infrastructural development in various countries across the region. Increasing activities in the building & construction industry in the region are expected to boost the demand for expanded polystyrene in Asia-Pacific.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1138
Key market players in the expanded polystyrene market
Key players in the market include ACH Foam Technologies, LLC (U.S.), Alpek SAB de CV (Mexico), BASF SE (Germany), Kaneka Corporation (Japan), SIBUR Holding (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), SUNPOR KUNSTSTOFF GmbH (Austria), Synbra Holding bv (Netherlands), Synthos S.A. (Poland), and Total S.A. (France).
Browse Related Reports:
Polystyrene Market by Application (Packaging, Electronics, Consumer Goods & Appliances, Construction, and Others) & Geography - Global Trends & Forecast to 2019
Styrenics Market - Polystyrene (Expanded, GPPS), Acrylonitrile Butadiene Styrene, SBR, UPR - Global Trends & Forecasts to 2018
Subscribe Reports from Chemicals & Materials Domain: http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets'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.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets™ Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
For more information, please visit http://www.marketsandmarkets.com