Expanded Polystyrene (EPS) Market Size, Share, Opportunities, And Trends By Product (EPS Sheets, EPS Boxes, EPS Chips, Others), By Industry Vertical (Automotive, Building And Construction, Healthcare, Packaging, Others), And By Geography - Forecasts From 2023 To 2028

Expanded Polystyrene (EPS) Market will witness robust growth over the forecast period. Expanded Polystyrene (EPS) is a thermoplastic resin that is environment-friendly owing to less emission of greenhouse gases during its production process and is used in various applications such as packaging, electrical coatings, and thermal insulation board in buildings among others.

The growing world population is augmenting the demand for residential buildings and infrastructure, thereby impacting the growth of the global EPS market positively. The rising packaging industry due to growing e-commerce and increasing demand for packaged food and beverage products is also boosting the demand for these solutions.

Due to escalating infrastructure and construction activities in emerging economies such as China, India, and South Korea, the APAC region will witness the fastest growth during the forecast period. The growing packaged food and beverage industry and rising demand for consumer electronics will further fuel the market growth in the region. Europe and South America will also witness high growth in demand for expanded polystyrenes owing to the rising pharmaceutical industry and high investment in infrastructure respectively.

This research study examines the current market trends related to demand, supply, and sales, in addition to recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the pressure sensors value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the market.

Major industry players profiled as part of the report are BASF SE, Universal Foam Products, Styro Limited, Kaneka Corporation, Nova Chemical Corporation, and Carpenter Company among others.

Segmentation

The expanded polystyrene (EPS) market has been analyzed through the following segments:

• By Product

• EPS Sheets
• EPS Boxes
• EPS Chips
• Others

• By Industry Vertical

• Automotive
• Building and Construction
• Healthcare
• Packaging
• Others

• By Geography

• North America

• USA
• Canada
• Mexico
• Others

• South America

• Brazil
• Argentina
• Others

• Europe

• Germany
• France
• United Kingdom
• Spain
• Others

• Middle East and Africa

• UAE
• Israel
• South Africa
• Others

• Asia Pacific

• China
• Japan
• India
• South Korea
• Others