The Global Market for Expanded Polystyrene (EPS) 2018-2023 - Packaging Industry to Fuel the Demand for White EPS

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Nov 15, 2018, 15:30 ET

DUBLIN, Nov. 15, 2018 /PRNewswire/ --

The "Expanded Polystyrene (EPS) Market by Product Type (White, Grey, Black), End-use Industry (Building & Construction, Packaging, Others), and Region (Asia Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The EPS market is expected to grow from USD 15.5 billion in 2018 to USD 20.1 billion by 2023, at a CAGR of 5.3% during the forecast period.

The EPS market is driven by the growing construction and packaging industries in developing countries. However, volatility in crude oil prices, availability of high-performance substitutes, and China's slowing economy can hinder the growth of the market.

Grey EPS is the fastest-growing segment in the EPS market. Grey EPS is gradually penetrating the global market for the past 10 years. The less thermal conductivity and better insulation of grey EPS than white EPS are making it a preferable choice in the building & construction industry. Grey EPS has an additional elasticity, which improves sound insulation and also provides better thermal efficiency in comparison to the normal white EPS insulation.

The building & construction industry is the largest consumer of EPS in comparison to the packaging and other industries. EPS is an innovative material that offers design and structural integrity to many construction projects and possesses ideal physical and mechanical properties for most insulating needs.

EPS is extensively used in the construction industry owing to the closed air low thermal conductivity, lightweight (ease of handling), mechanical resistance (insulation in wall structure and roofs & flooring), low water absorption (to prevent from humidity), and sound resistance (in office and rooms). These factors make the building & construction industry the largest and fastest-growing end-use industry for EPS.

APAC has emerged as the leading consumer and producer of EPS owing to the increasing demand from the domestic front and rising income levels. The easy availability of low-cost labor and economical & accessible raw materials are increasing the production of EPS in the region, thereby driving foreign investments. APAC is also the largest and the fastest-growing EPS market.

The government proposals to improve public infrastructure and rising cash-intensive non-residential construction are positively impacting the market growth. The demand in APAC will further increase in the next five years because of several on-going and upcoming building & construction projects in the developing countries.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the EPS Market
4.2 EPS Market, By Product Type
4.3 EPS Market, By End-Use Industry and Key Countries
4.4 EPS Market, Developed vs Developing Countries
4.5 APAC EPS Market
4.6 EPS Market Attractiveness

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.2.1 EPS Foam Adoption in Product Markets
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Construction and Packaging Industries in Developing Countries
5.3.2 Restraints
5.3.2.1 Volatility in Crude Oil Prices
5.3.2.2 Availability of High-Performance Substitutes
5.3.2.3 China's Slowing Economy
5.3.3 Opportunities
5.3.3.1 Polystyrene Products Can Be Recycled Easily
5.3.4 Challenges
5.3.4.1 Growing Preference for Molded Pulp Packaging
5.3.4.2 Ban on EPS in Major Economies
5.4 Value Chain Analysis
5.5 Porter's Five Forces Analysis
5.5.1 Threat of Substitutes
5.5.2 Bargaining Power of Buyers
5.5.3 Threat of New Entrants
5.5.4 Bargaining Power of Suppliers
5.5.5 Intensity of Competitive Rivalry

6 Expanded Polystyrene Market, By Product Type
6.1 Introduction
6.2 EPS Manufacturing Process
6.2.1 Pre-Expansion
6.2.2 Intermediate Maturing and Stabilization
6.2.3 Expansion and Final Molding
6.3 White Expanded Polystyrene
6.3.1 Packaging Industry to Fuel the Demand for White EPS
6.4 Grey Expanded Polystyrene
6.4.1 Additional Thermal Efficiency and Enhanced Fire Retardancy to Drive the Demand for Grey EPS
6.4.2 Silver Expanded Polystyrene
6.5 Black Expanded Polystyrene
6.5.1 Increasing Demand for Eco-Friendly Building Structures to Fuel the Demand for Black EPS

7 Expanded Polystyrene Market, By End-Use Industry
7.1 Introduction
7.2 Building & Construction
7.2.1 Increasing Population and Growing Urbanization to Drive the Demand for EPS in the Building & Construction Industry
7.2.2 Drivers
7.2.2.1 High Growth in the Construction Industry
7.2.2.2 Increase in Demand for Thermal Insulation
7.2.3 Restraints
7.2.3.1 Developed Markets Reaching the Maturity Stage
7.2.4 Applications
7.2.4.1 Exterior Insulating & Finishing Systems
7.2.4.2 Insulating Concrete Forms
7.2.4.3 Structural Insulated Panels
7.2.4.4 Sheathing
7.2.4.5 Below Grade Foundation
7.2.4.6 Roofing Systems
7.2.4.7 Door Cores
7.2.4.8 Cold Storage
7.3 Packaging
7.3.1 Excellent Physical Properties to Drive the Demand for EPS Packaging Industry
7.3.2 Packaging Types
7.3.2.1 Environmental Advantage and Guaranteed Food Safety to Drive the EPS Market in Packaging Industry
7.3.3 Drivers
7.3.3.1 Demand for Convenience Food in Developing Economies
7.3.3.2 Increasing Demand for Protective Food Packaging
7.3.3.3 Increasing Trend of Smaller Pack
7.3.4 Restraints
7.3.4.1 Slow Growth of the Packaged Food Market in Developed Economies
7.3.5 Applications
7.3.5.1 Transport Packaging
7.3.5.2 Loose Fill Packaging
7.3.5.3 Protective and Display Packaging
7.4 Others

8 Expanded Polystyrene Market, By Region
8.1 Introduction
8.1.1 EPS Market, By Product Type
8.1.2 EPS Market, By End-Use Industry
8.2 APAC
8.2.1 China
8.2.1.1 China Accounted for the Largest Market Size for EPS in APAC
8.2.2 South Korea
8.2.2.1 Increased Demand From the Construction Industry Contributes Significantly to the Growth of the EPS Market in the Country
8.2.3 India
8.2.3.1 India to Be the Fastest-Growing Country for EPS in APAC Region
8.2.4 Japan
8.2.4.1 Recovering Construction Industry to Drive the EPS Market in the Country
8.2.5 Thailand
8.2.5.1 Initiation of Large Infrastructure Projects By the Government to Fuel the Demand for EPS in the Country
8.2.6 Indonesia
8.2.6.1 Rising Consumer Awareness and A Hectic Lifestyle to Boost the Demand for EPS Packaging
8.2.7 Malaysia
8.2.7.1 Rapid Growth of the Economy and High Purchasing Power Have Made It One of the Major EPS Markets in the Asean Countries
8.2.8 Rest of APAC
8.3 Europe
8.3.1 Germany
8.3.1.1 Increasing Focus on the Construction Industry to Drive the EPS Market in the Country
8.3.2 Poland
8.3.2.1 Polish Building & Construction Industry to Grow at the Fastest CAGR
8.3.3 Russia
8.3.3.1 Demand for Thermal Insulation, Water-Resistant EPS Board, and Other Construction Materials to Drive the Russian EPS Market
8.3.4 Italy
8.3.4.1 New Construction Projects to Drive the Demand for EPS Market in the Country
8.3.5 Turkey
8.3.5.1 R&D Capabilities, Investments in Construction, and an Increase in Exports to Boost the Turkish EPS Market
8.3.6 France
8.3.6.1 Reviving Construction Industry to Fuel the Demand for EPS in France
8.3.7 Spain
8.3.7.1 Changing Consumer Habits as Well as Government Efforts to Prevent Food Wastage to Drive the EPS Packaging Industry
8.3.8 Czech Republic
8.3.8.1 Improved Economic Conditions, Low Interest Rates, and Increased Investment to Drive the EPS Market in the Country
8.3.9 UK
8.3.9.1 Consumer Preference for Sustainability and Quality are Expected to Drive the Demand for EPS Packaging Industry in the Uk
8.3.10 Rest of Europe
8.4 North America
8.4.1 US
8.4.1.1 Growth of Residential Housing Sector to Drive the EPS Market in the Country
8.4.2 Canada
8.4.2.1 Growth of the Economy and Construction Industry to Drive the EPS Market in the Country
8.4.3 Mexico
8.4.3.1 Strong Rebound in Exports and Improved Business Confidence to Strengthen the Mexican EPS Market
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.1.1 Increase in Population and Urbanization to Drive the EPS Building & Construction Industry in the Country
8.5.2 Africa
8.5.2.1 Surge in Construction Activities to Drive the EPS Market in the Country
8.5.3 Iran
8.5.3.1 Building & Construction to Lead the EPS Market in Iran
8.5.4 UAE
8.5.4.1 Large Scope for New Infrastructural Development to Drive the EPS Market
8.5.5 Rest of Middle East
8.6 South America
8.6.1 Brazil
8.6.1.1 Availability of Raw Materials for Packaging to Drive the EPS Market in the Country
8.6.2 Argentina
8.6.2.1 Favorable Construction Outlook to Drive the Country's EPS Market
8.6.3 Colombia
8.6.3.1 Demand for High-Performance, Cost-Effective, and Environmentally Advanced Building Products to Drive the EPS Market
8.6.4 Rest of South America

9 Competitive Landscape
9.1 Introduction
9.2 Capacity Share Analysis
9.2.1 Global EPS Capacity Share
9.2.2 European EPS Capacity Share
9.2.3 North American EPS Capacity Share
9.3 Competitive Benchmarking
9.4 Competitive Scenario
9.4.1 Merger & Acquisition
9.4.2 Investment & Expansion
9.4.3 New Product Launch
9.4.4 Partnership & Agreement

10 Company Profiles
10.1 Wuxi Xingda New Foam Plastics Materials Co., Ltd.
10.2 Synthos S.A.
10.3 BASF SE
10.4 Total S.A.
10.5 Sunpor Kunststoff GmbH
10.6 The Ravago Group
10.7 Alpek, S.A.B. de C.V.
10.8 Versalis S.P.A.
10.9 Nova Chemicals Corporation
10.10 Flint Hills Resources, LLC
10.11 PJSC Sibur Holding
10.12 Saudi Basic Industries Corporation (SABIC)
10.13 Kaneka Corporation
10.14 Atlas Roofing Corporation
10.15 Bewisynbra Group
10.16 Brdr. Sunde A/S
10.17 Nexkemia Petrochemicals Inc.
10.18 Unipol Holland B.V.

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