Polystyrene Foam Market was valued at USD 27.59 Billion in 2022, and it is expected to reach USD 36.92 Billion by 2029, exhibiting a CAGR of 4.25 % during the forecast period (2023-2029)
Polystyrene Foam Market Overview:
For the global industry's Polystyrene Foam Market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict market size, and growth rate.
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Polystyrene Foam Market Scope:
The scope of our project is to gather comprehensive market information and data from a diverse range of sources to provide a more precise and holistic regional perspective. Our primary focus is on conducting in-depth country-level analysis, which involves examining multiple facets crucial to understanding the regional landscape. This includes a thorough investigation of various regional stakeholders, such as businesses, government bodies, and non-profit organizations. Additionally, we will scrutinize regional tax laws and policies, analyzing their impact on the market. To gain a well-rounded view, we will study consumer behavior trends and patterns, and also delve into macroeconomic data to ascertain its influence on the market dynamics. This project aims to equip our organization with a robust foundation of knowledge to support well-informed decision-making processes.
Polystyrene Foam Market Drivers:
Expanded polystyrene (EPS) is employed in the building and construction industry due to its qualities such as lightweight, durability, thermal efficiency, shock absorption, moisture resistance, and use. It is a well-known insulation material that is utilised in a variety of applications because to its light yet firm foam that provides strong thermal insulation and great impact resistance. As most ICF dwellings are now developed and sold by corporations, EPS shape-molders could expect a significant rise in production of Insulating concrete forms (ICFs). As a result, growing demand for ICF houses is expected to drive growth in the market for expanded polystyrene (EPS) materials. For decades, EPS has been the architect's preferred choice for economy, performance, and sustainability in a variety of applications.
The primary function of ornamental moulding is to improve a building's overall appeal by concealing transitions and gaps between surfaces. As seen in many locations in North America and other emerging nations where EPS is implanted with reinforcing mesh before polyurethane or polymer-modified cement coating is applied, EPS has supplanted stone as a material for ornamental moulding. Aside from that, there has been a significant demand in the Polystyrene Foam Market for EPS to be used as a thermal insulator in the building sector.
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Polystyrene Foam Market Segmentation:
by Foam Type
Expanded Polystyrene (EPS)
Extruded Polystyrene (XPS)
Others
by End-User
Building & Construction
Packaging
Construction & Industrial Insulation
Others
by Process Type
Extruded
Injection Molded
Vacuum Formed
Others
Polystyrene Foam Market Key Players: The key players are
1. DowDuPont Inc. (US)
2. Drew Foam (US)
3. Flint Hills Resources (US)
4. AFP-sealed air (US)
5. Alpek (Mexico)
6. Carpenter Co. (US)
7. Dart Container Corporation (US)
8. Nova Chemicals Corp (Canada)
9. Jiangsu Leasty Chemicals Co., Ltd. (China)
10.Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China)
11.Taita Chemical Co., Ltd. (Taiwan)
12.Kaneka Corporation (Japan)
13.JSP Corporation (Japan)
14.BASF SE (Germany)
15.Xella International (Germany)
16.Synthos S.A (Poland)
17.Sunpor Kunststoff GmbH (Austria)
18.SUNPOR Kunststoff GmbH (Austria)
19.Versalis S.p.A (Italy)
20.ChovA (Spain)
21.Knauf Insulation (Belgium)
22.SABIC (Saudi Arabia)
23.Arkema S.A. (France)
24.Kingspan Group (Ireland)
25.O. N. Sunde AS (Norway)
Ravago Group (Belgium)
Regional Analysis:
A country-level study of the Polystyrene Foam Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Polystyrene Foam Market study.
COVID-19 Impact Analysis on Polystyrene Foam Market: The report covers COVID-19 impact on Polystyrene Foam market.
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Key Questions Answered in the Polystyrene Foam Market Report are:
- What will be the CAGR of the Polystyrene Foam market during the forecast period?
- Which segment emerged as the leading segment in the Polystyrene Foam market?
- Which are the prominent players in the Polystyrene Foam market?
- What will be the Polystyrene Foam market size by 2027?
- Which company held the largest share in the Polystyrene Foam market?
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