The expanded polystyrene (EPS) market is expected to reach approximately USD 5.95 billion by the end of 2025, growing at a CAGR of 5.71 %.
EPS is a closed cell lightweight cellular plastics material produced from polystyrene. The material has been modified by the addition of flame retardant additives. Polystyrene literally translated is “polymerized styrene”. That is, the single styrene molecules are chemically joined together to form a large molecule which is called the polymer.
Due to increasing rates of industrialization, growing construction and packaging industries, and increasing disposable income in developing countries in the Asia-Pacific and Latin America, there is an uptick in demand for EPS in these countries.
More than 80% of the new capacities will be created in developing countries due to the saturation of industries in North America and Western Europe. However, due to the recovery of the automotive manufacturing sector in Germany and the US, the sale of lightweight polymer foam is said to increase, as it is used in automotive ancillaries.
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Polystyrene foam is divided into two distinct foams, namely: Expanded Polystyrene (EPS) which is the most common type of polystyrene present in Styrofoam and packing peanuts and Extruded Polystyrene (XPS) which is higher density foam used in architectural buildings. EPS is commonly chosen over XPS due to it being a cost-efficient, high performing alternative.
A complete insight into the report
The latest market research report titled Expanded Polystyrene (EPS) Market offers a detailed evaluation of the market situation within a specific geographic region. This Expanded Polystyrene (EPS) Market study contains vital data on market shifts owing to social, economic, cultural and technological changes worldwide. Explaining market opportunities remains the key focus of the study. Industry experts analysing the business environment also take a closer look at the organizational alignment as well as the capital structure.
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Understanding the market size
The size of the Expanded Polystyrene (EPS) Market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Expanded Polystyrene (EPS) report.
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Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
Our trend analysts look for the crucial connection between consumer trends, behaviour and values, to provide context for the sectors, demographics and global themes that matter to you.
How geography and sales fit together
The study works as a boon for all business owners trying to identify the exact size of the target audience in a specific geographic location. The report on the Expanded Polystyrene (EPS) Market enables entrepreneurs to determine the regional market for their business expansion. The study answers the questions below:
• Where do the requirements come from?
• Where do non-potential customers reside?
• What is the buying behaviour of the customers dwelling in a particular area?
• What is the spending power of the customers in a specific region?
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The Expanded Polystyrene (EPS) Market attempts to answer the questions below:
• How will major vendors grow their business during the forecast period, 2018 to 2025? What will matter most to their customers?
• What are the competitors doing best to stay ahead of others?
• What customers like to buy? How can prominent market players tailor their offerings to lure the potential customers?
• How can business owners operating in the Expanded Polystyrene (EPS) Market minimize risks?
• What will be the status of
– Supply chain management
– Distribution channel
– Top-notch companies
– Market segmentation
– Brand positioning and more
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