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Expanded Polystyrene EPS Market

Expanded Polystyrene (EPS) Market Type (Black, White, Grey), By Application (Building & Contruction, Packaging, Electrical & Electronics, Automotive, Cold Storage) – Global Market Trends & Forecasts upto 2023 

Report code: SDMRCH499867 | Industry: Chemicals & Materials | Published On: 7/6/2019

The total expanded polystyrene (EPS) market is expected to grow at a CAGR of 5.3% from 2017-2023 and reach $ 19.9 billion by 2023. Increasing population and urbanization in developing countries such as India, Thailand, Brazil, etc. have resulted in the growth of manufacturing sectors such as automotive, packaging, and building & construction. This growth in different industries coupled with the huge demand for packaging solutions in the food and beverage & medical and pharmaceutical sector to enhance product safety and freshness of packaged food and medicines during transportation largely drive the EPS market growth.
In terms of types of EPS, white EPS accounted for the largest market share in 2017, followed by black and grey EPS. White EPS exhibits superior mechanical durability and water resistant properties, which make it suitable for various end-use industries.
EPS finds its heavy utility in the building and construction sector. In 2017, the packaging and building & construction sectors emerged as the leading end use industries capturing market share. Major packaging applications include retail, food, and consumer goods. The rising demand for EPS in cold chain packaging solutions is expected to drive the market for EPS in the packaging sector. Its applications in the building and construction sector include insulated panel systems for walls, roofs, and floors as well as facades for both domestic and commercial buildings. Rising growth in the building and construction industry will eventually result in the growth of the EPS market. Automotive is another significant end use industry for EPS.
Asia-Pacific was the most favoured market for EPS in 2017 that bagged the largest market share. The region is expected to grow at the fastest rate of 6.3% from 2017-2023 that will remain the leading market in 2023 as well. China subjugated the EPS market in Asia-Pacific due to the growing electrical and electronic and packaging application in the country. A shift of manufacturing companies to India, China, Indonesia, etc., has been observed because of the availability of low cost labour and raw materials.
The demand for EPS in North America and Europe has been anticipated to grow at a moderate rate. EPS is banned in food packaging applications in several states of the U.S. as EPS waste causes tremendous trouble when it leaks into marine environments and contaminates water.
However, EPS recycling techniques are now trending in Europe. Greenmax, DUE Recycling Systems, etc., are the companies that provide solutions to recycle EPS.
The market is highly fragmented due to the presence of a large number of EPS manufacturers. Companies are working closely with consumers to address their need regarding EPS and with their latest R&D companies that are designing EPS products with exceptional properties. In 2014, BASF started to use an innovative flame retardant “PolyFr”. All of BASF’s Styropor, Neopor, and Styrodur polystyrene products for the European market have better flame retardant properties than HBCD (hexabromocyclododecane), which was used in the past. Some of the major players that operate in this market are BASF, SABIC, INEOS, Total SA, Nova Chemicals Corporation, Synthos S.A., Alpek S.A.B. De Cv, PJSC Sibur Holding, ACH Foam Technologies Inc., Versalis S.P.A, Nova Chemicals Corporation, Synbra Holding BV and Flint Hills Resources, LLC, & others.

1  Introduction        
  1.1  Goal  &  Objective      
  1.2  Report  Coverage      
  1.3  Supply  Side  Data  Modelling  &  Methodology      
  1.4  Demand  Side  Data  Modelling  &  Methodology      
2  Executive  Summary        
3  Market  Outlook          
  3.1  Introduction      
  3.2  Current  &  Future  Outlook      
  3.3  DROC      
    3.3.1  Drivers   Demand  Drivers  Supply  Drivers  
    3.3.2  Restraints    
    3.3.3  Opportunities    
    3.3.4  Challenges    
  3.4  Market  Entry  Matrix      
  3.5  Market  Opportunity  Analysis      
  3.6  Market  Regulations      
  3.7  Pricing  Mix      
  3.9  Value  Chain  &  Ecosystem      
  3.8  Key  Customers      
4  Demand  Side  Analysis        
  4.1  Expanded  Polystyrene  (EPS)  Market  by  Type      
    4.1.1  White  Expanded  Polystyrene  (EPS)    
    4.1.2  Black  Expanded  Polystyrene  (EPS)    
    4.1.3  Grey  Expanded  Polystyrene  (EPS)    
5  Expanded  Polystyrene  (EPS)  Market,  By  Application        
  5.1.1  Packaging   Loose  Fill  Packaging  Transport  Packaging  Protective  &  Display  packaging    
  5.1.2  Building  &  Construction   Insulated  panel  systems  Floors,  Walls  &  Ceilings  Roofing  system  Insulating  Concerte  Foam  (ICF)  External  Insulating  &  Finishing  Systems    
  5.1.3  Electrical  &  Electronics      
  5.1.4  Automotive      
  5.1.5  Others      
      Pipe  Insulation    
      Poultry  Houses    
      Cold  Air  Storages    
6  Expanded  Poystyrene  Market  Analysis,  By  Region            
  6.1  North  America      
    6.1.1  U.S.    
    6.1.2  Canada    
    6.1.3  Mexico    
  6.2  Europe        
    6.2.1  Germany      
    6.2.2  Italy    
    6.2.3  France    
    6.2.4  Spain    
    6.2.5  UK    
    6.2.6  Poland    
    6.2.7  Turkey    
    6.2.8  Rest  of  Europe    
  6.3  Asia  Pacific      
    6.3.1  China    
    6.3.2  Japan    
    6.3.3  India    
    6.3.4  Malyasia    
    6.3.5  Thailand    
    6.3.6  Idonesia    
    6.3.7  Rest  of  APAC    
  6.4  Middle  East  &  Africa      
    6.4.1  Saudi  Arabia    
    6.4.2  UAE    
    6.4.5  Rest  Of  Middle  East  &  Africa    
  6.5  South  America      
    6.5.1  Brazil    
    6.5.3  Argentina    
    6.5.4  Rest  of  South  America    
7  Supply  Side  Analysis        
  7.1  Strategic  Benchmarking      
  7.1  Market  Share  Analysis      
  7.1  Key  Players        
    7.3.1  BASF    
    7.3.2  Dow  Chemical  Co.    
    7.3.3  SABIC    
    7.3.4  INEOS    
    7.3.5  Total  SA    
    7.3.6  Nova  Chemicals  Corporation    
    7.3.7  Synthos  S.A.    
    7.3.8  Alpek  S.A.B.  De  Cv    
    7.3.9  PJSC  Sibur  Holding    
    7.3.10  ACH  Foam  Technologies  Inc.    
    7.3.11  Versalis  S.P.A    
    7.3.12  Nova  Chemicals  Corporation    
    7.3.13  Synbra  Holding  BV    
    7.3.14  Flint  Hills  Resources,  LLC  &  Others    
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach


Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.

Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis

Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price

Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
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