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:
The primary goal of this research is to assist the user in understanding the Polystyrene Foam Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Polystyrene Foam industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Polystyrene Foam Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Polystyrene Foam Market Segmentation:
Market for Polystyrene Foam Based on foam type, the Polystyrene Foam market is dominated by the EPS resin segment. Because of the way it is structured, EPS is a lightweight thermoplastic material that has certain properties that help to preserve the product. EPS is a good material for a variety of uses since it is a lightweight yet stiff foam with exceptional thermal insulation and strong impact resistance. However, market expansion is being constrained by the erratic nature of crude oil prices and the accessibility of high-performance alternatives. The straightforward recyclable nature of polystyrene products will probably present opportunities for the EPS market to expand during the projected period.
Market for Polystyrene Foam Building and construction is anticipated to experience the biggest volume increase in the Polystyrene Foam market over the anticipated time frame. The building and construction end-use sector’s largest and fastest-growing market is anticipated to be APAC. EPS is frequently used in the construction industry (in offices and rooms) due to its closed-air low thermal conductivity, lightweight (simple to handle), mechanical resistance (insulation in the wall structure and roofing & flooring), low water absorption (to avoid humidity), and acoustic resistance. It has developed into a potent design element and a superb green architecture substitute. By boosting energy efficiency, enhancing indoor environmental quality, and lengthening the lifespan of structures and packaged goods, EPS offers significant environmental advantages.
1. Global Polystyrene Foam Market Size, by Foam Type (2022-2029)
• Expanded Polystyrene (EPS)
• Extruded Polystyrene (XPS)
• Others
2. Global Polystyrene Foam Market Size, by End-User (2022-2029)
• Building & Construction
• Packaging
• Construction & Industrial Insulation
• Others
3. Global Polystyrene Foam Market Size, by Process Type (2022-2029)
• Extruded
• Injection Molded
• Vacuum Formed
• Others
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Polystyrene Foam Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Polystyrene Foam market 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)
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Regional Analysis:
The report focuses on Global Regions and Market Size of Polystyrene Foam, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Polystyrene Foam Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Polystyrene Foam industry in 2021.
Key Questions Answered in the Polystyrene Foam Market Report are:
- What is the function of Polystyrene Foam?
- What is the predicted revenue generation of the Polystyrene Foam market?
- At what growth rate is the Polystyrene Foam market evolving?
- Who are the major market giants operating in the Polystyrene Foam market?
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