Expandable Polystyrene Market

US Expandable Polystyrene Market by Category (White Expanded Polystyrene, Grey Expanded Polystyrene, and Black Expanded Polystyrene) and Application (Building & Construction, Packaging, and Others) – Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: MC-847
  • Author: Growth Market Reports
  • Rating: 4.9
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  • No. Of Pages: 170
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The US expandable polystyrene market size was valued at USD 9.5 billion in 2020 and is estimated to register a substantial CAGR of 4.8% during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for lightweight and sustainable solutions which dispense exceptional durability along with better thermal insulation.

US Expandable Polystyrene Market Key Takeaways

The increasing demand for thermal insulation in buildings and construction industry and acoustic sector in expanding economies is projected to expand the demand for high-quality polymers. Increasing construction activities of residential and commercial buildings, which can withstand extreme external environmental conditions with ease, are further anticipated to fuel the market growth over the forecast period. Expanded polystyrene is a sustainable and lightweight chemical polymer created with polystyrene beads. It has various utilities such as magnificent durability and resistance and resistant to moisture; thereby, it is used in several sectors such as construction, packaging and others. Expanded polystyrene is a by-product of polymerization of a large number of styrene monomers linked together to polystyrene. It is an unbending cellular plastic holding an expansion agent.

The Covid-19 pandemic had an unpleasant impact on the expandable polystyrene market. The production has been on halt and both the demand and supply ware affected. The market suffered huge loss; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing urbanization, industrialization, and construction activities is expected to drive the market during the forecast period.
  • The rise in the demand for commercial and residential buildings in developing economies is expected to aid polystyrene market
  • It is used in the construction industries which helps in reducing energy consumption and greenhouse gas emissions and is likely to spur the market.
  • Insulation offered by expanded polystyrene is crucially driving its demand in green buildings. Therefore, with the rising demand for green buildings, the market is anticipated to expand significantly in the near future.
  • Factors such as rising product application in various end-use industries and increasing demand for reusable, lightweight, and chemically stable materials in automotive components, furniture, packaging solutions, are estimated to drive the market.
  • Unstable prices of raw materials are expected to hinder the market growth.
  • Stringent restrictions and regulations on the usage of particular polystyrene product is expected to impede the demand for expanded polystyrene.
  • R&D investment and technological advancement in expandable polystyrene market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the expandable polystyrene market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Expandable Polystyrene Market - US Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Category (White Expanded Polystyrene, Grey Expanded Polystyrene, and Black Expanded Polystyrene) Application (Building & Construction, Packaging, and Others)

Country Scope

US

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

StyroChem, NexKemia, Flint Hills Resources, Alpek S.A.B. de C.V., and SABIC.


Market Segment insights

The white expanded polystyrene segment is projected to constitute a large market share
Based on category, the expandable polystyrene market is segregated into white expanded polystyrene, grey expanded polystyrene, and black expanded polystyrene. The white expanded polystyrene segment is expected to account for a key share of the market during the forecast period owing to significant demand in packaging applications, like food packaging, electronics, and consumer goods packaging. White expanded polystyrene is further used in sports helmets, furniture, automotive, and construction applications. The expanding food service industry leading to demand for quality packaged foods are further anticipated to fuel the segment. However, the grey expanded polystyrene segment is expected to expand at a rapid pace during the forecast period due to its conventional application.

US Expandable Polystyrene Market By Category

The building & construction segment is expected to register a substantial CAGR
Based on applications, the expandable polystyrene market is divided into building & construction, packaging, and others. The building and construction segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to several favorable applications of expandable polystyrene, such as excellent thermal insulation, lightness, and bacterial & pest resistance. The packaging segment is projected to grow over the forecast period due to substantial product utility in packaging applications owing to the its shock-absorbing properties that make it beneficial for the storage and transportation of products.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Expandable Polystyrene Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Expandable Polystyrene Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Expandable Polystyrene Market - Supply Chain
  4.5. Global Expandable Polystyrene Market Forecast
     4.5.1. Expandable Polystyrene Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Expandable Polystyrene Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Expandable Polystyrene Market Absolute $ Opportunity
5. Global Expandable Polystyrene Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Expandable Polystyrene Market Size and Volume Forecast by Applications
     5.3.1. Building & Construction
     5.3.2. Packaging
     5.3.3. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Expandable Polystyrene Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Expandable Polystyrene Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Expandable Polystyrene Demand Share Forecast, 2019-2026
7. North America Expandable Polystyrene Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Expandable Polystyrene Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Expandable Polystyrene Market Size and Volume Forecast by Applications
     7.4.1. Building & Construction
     7.4.2. Packaging
     7.4.3. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Expandable Polystyrene Demand Share Forecast, 2019-2026
8. Latin America Expandable Polystyrene Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Expandable Polystyrene Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Expandable Polystyrene Market Size and Volume Forecast by Applications
     8.4.1. Building & Construction
     8.4.2. Packaging
     8.4.3. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Expandable Polystyrene Demand Share Forecast, 2019-2026
9. Europe Expandable Polystyrene Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Expandable Polystyrene Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Expandable Polystyrene Market Size and Volume Forecast by Applications
     9.4.1. Building & Construction
     9.4.2. Packaging
     9.4.3. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Expandable Polystyrene Demand Share Forecast, 2019-2026
10. Asia Pacific Expandable Polystyrene Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Expandable Polystyrene Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Expandable Polystyrene Market Size and Volume Forecast by Applications
     10.4.1. Building & Construction
     10.4.2. Packaging
     10.4.3. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Expandable Polystyrene Demand Share Forecast, 2019-2026
11. Middle East & Africa Expandable Polystyrene Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Expandable Polystyrene Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Expandable Polystyrene Market Size and Volume Forecast by Applications
     11.4.1. Building & Construction
     11.4.2. Packaging
     11.4.3. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Expandable Polystyrene Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Expandable Polystyrene Market: Market Share Analysis
  12.2. Expandable Polystyrene Distributors and Customers
  12.3. Expandable Polystyrene Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. StyroChem
     12.4.2. NexKemia
     12.4.3. Flint Hills Resources
     12.4.4. Alpek S.A.B. de C.V.
     12.4.5. SABIC.
Segments Covered in the Report
The US expandable polystyrene market has been segmented on the basis of:-

Category
  • White Expanded Polystyrene
  • Grey Expanded Polystyrene
  • Black Expanded Polystyrene
Applications
  • Building & Construction
  • Packaging
  • Others
Key Companies
  • StyroChem
  • NexKemia
  • Flint Hills Resources
  • Alpek S.A.B. de C.V.
  • SABIC.

Some of the key players competing in the expandable polystyrene market include StyroChem, NexKemia, Flint Hills Resources, Alpek S.A.B. de C.V., and SABIC.

Several players are using market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

 US Expandable Polystyrene Market By Key Players

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