Global Expanded Polystyrene Market to Reach $18.97 Billion by 2022 - Increase in Demand from Building & Construction and Packaging Industries - Research and Markets

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May 10, 2017, 10:45 ET

DUBLIN, May. 10, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Expanded Polystyrene Market - Global Forecast to 2022" report to their offering.

The global expanded polystyrene market is projected to reach USD 18.97 Billion by 2022, at a CAGR of 5.1% from 2017 to 2022. Growing construction activities and increase in the demand for packaged food has led to an increase in the demand for expanded polystyrene from the building & construction and packaging industries. The rising demand from end-use industries in countries across the globe is expected to further fuel the growth of the expanded polystyrene market.

Building & construction is estimated to be the largest segment of the market in 2017, in terms of volume, followed by the packaging segment. The rising demand for new and innovative products, and need for research & development in expanded polystyrene has led to companies adopting organic and inorganic growth strategies to increase their market shares.

White expanded polystyrene estimated to be the leading product type segment of the market. The demand for white expanded polystyrene is driven by the adoption of expanded polystyrene in various applications. White expanded polystyrene is a rigid, closed-cell foam plastic. It has persistent thermal properties, stable dimensions for varied end use, excellent mechanical properties, recyclable, and non-corrosive.

The Asia-Pacific region is projected to witness the highest growth in the expanded polystyrene market, in terms of value and volume, from 2017 to 2022. Increased construction activities and the rise in demand for packaged food products, due to increasing population and rising disposable income is expected to drive the expanded polystyrene market in the region.

The expanded polystyrene market growth may be restrained, due to the volatility of crude oil prices and availability of high-performance substitutes. Insulation materials such as rockwool and extruded polystyrene are used in commercial and residential buildings. Rockwool is extensively used as compared to expanded polystyrene. However, due to lower price, the demand for expanded polystyrene is expected to increase in near future.

Companies Mentioned

ACH Foam Technologies, Inc.
Alpek, S.A.B. De Cv
BASF SE
Brødr. Sunde A/S
Flint Hills Resources, LLC
Kaneka Corporation
Nova Chemicals Corporation
PJSC Sibur Holding
Saudi Basic Industries Corporation (SABIC)
Styrochem Canada Ltée
Sunpor Kunststoff GmbH
Synbra Holding BV
Synthos S.A.
The Ravago Group
Total S.A.
Unipol Holland BV
Versalis S.P.A.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview & Industry Trends

6 Expanded Polystyrene Market, By Product Type

7 Expanded Polystyrene Market, By Application

8 Expanded Polystyrene Market, By Region

9 Competitive Landscape

10 Company Profiles

11 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/wqwbr2/expanded

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SOURCE Research and Markets