Expanded Polystyrene (EPS) Market Size Projected to Touch USD 22.26 Billion, With 8.3% CAGR by 2032: Report by Polaris Market Research

Grand News Network | November 7, 2023

New York, NY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a recent study report titled "Expanded Polystyrene Market Share, Size, Trends, Industry Analysis Report, By Product (White Expanded Polystyrene, Grey Expanded Polystyrene, Black Expanded Polystyrene); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032" in its research database.

Global expanded polystyrene market size/share is currently valued at USD 10.12 Billion in 2022 and is anticipated to generate an estimated revenue of USD 22.26 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 8.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023-2032.

What Exactly is Expanded Polystyrene? How Big is Expanded Polystyrene (EPS) Market Size?

  • Overview

Expanded Polystyrene, or EPS, is a lightweight foam plastic fabric derived from solid polystyrene beads. To obtain the appropriate form, solid thermoplastic polystyrene is heated to high temperatures and then re-solidified. Comparing the expanded polystyrene to the initial polystyrene granule, the volume of the latter is astoundingly 45 times more. EPS is made from crude oil and has a number of beneficial qualities, including cost-effectiveness, resistance to chemicals and bacteria, remarkable impact strength, energy efficiency, and dimensional stability. It is also highly thermally insulated.

Moreover, EPS is a material that is commonly used in many common applications since it is more advantageous than other materials due to its strength, durability, lightweight, thermal insulation, and shock absorption capabilities. These qualities, along with its performance, adaptability, and affordability, have made EPS a preferred material for building and packaging for more than 50 years. As a result, the expanded polystyrene market growth is expanding.

Request Sample Copy of Expanded Polystyrene (EPS) Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/expanded-polystyrene-market/request-for-sample

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Essential Takeaways from the Report

  • The expanding use of EPS in the packaging and construction sectors is fueling the expansion of the polystyrene industry.
  • The expanded polystyrene market segmentation is primarily based on the application, product, region, and end-user.
  • Asia Pacific defeated the market in 2022.

Leading Players Appeared in the Report

  • Alpek
  • Atlas Roofing Corporation
  • BEWiSynbra Group
  • Flint Hills Resources
  • Jablite Group
  • Kaneka Corporation
  • Kingspan Group
  • Nova Chemicals
  • Saudi Basic Industries Corporation
  • Synthos
  • The Ravago Group
  • Wuxi Xingda

Purchase a Full Research Report Here: https://www.polarismarketresearch.com/buy/2851/2

Important Growth Aspects of the Market

  • Increased Use in the Construction Industry: Increased Polystyrene is widely used in the building and construction industries. Its wide range of uses includes insulated panel systems for installations on roofs, walls, and floors, in addition to playing a significant role in building facades for both residential and commercial buildings.
  • Provides Void-Forming Fill Material: When it comes to civil engineering projects, EPS is used as void-forming fill material, a lightweight fill material for building railroads and roads, and even as buoyant material for building pontoons and marinas. Because of its ...

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