Expanded Polystyrene (EPS) Market Is Expected To Exhibit Fastest Growth Owing To Rising Demand From Packaging And Construction Industries Till 2028 | Million Insights

Expanded Polystyrene (EPS) Market Is Expected To Exhibit Fastest Growth Owing To Rising Demand From Packaging And Construction Industries Till 2028 | Million Insights

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According to new report available with Million Insights, Growing packaging and construction industries in emerging countries, and rising production of expanded polystyrene are likely to drive the Expanded Polystyrene (EPS) market growth in the forecast period. In addition, easy accessibility to low-cost labor and economical and accessible raw materials are expected to drive the market growth in the years to come.

The global expanded polystyrene (EPS) market is projected to exhibit a healthy CAGR during the forecast period. Expanded Polystyrene (EPS) is a lightweight cellular plastic material comprising small hollow spherical balls. It is the closed cellular construction that offers EPS its outstanding properties. According to research, innovation in automotive sector to spur demand for expanded polystyrene.

Growing packaging and construction industries in emerging countries, and rising production of expanded polystyrene are likely to drive the Expanded Polystyrene (EPS) market growth in the forecast period. In addition, easy accessibility to low-cost labor and economical and accessible raw materials are expected to drive the market growth in the years to come. However, accessibility to high-performance alternatives including polyethylene and polypropylene are anticipated to hamper the expanded polystyrene (EPS) market in the forecast period

Full Research Report On Global Expanded Polystyrene (EPS) Market Analysis available at: https://www.millioninsights.com/industry-reports/expanded-polystyrene-eps-market

In May 2017, Total invested in Carling petroleum complex that increased polystyrene production capacity leading in Europe. They upgraded Polyethylene unit for catering to the health care market by distributing advanced plastics and producing lighter plastics for automotive market reducing the consumption of steel.

Alpek SAB de CV acquired Citepe and Petroquímica Suape from Petrobras through two of its exclusively owned companies in April 2018. Citepe and Petroquimica Suape operate a joined PTA-PET facility in Brazil, Pernambuco, Ipojuca, with a connected capacity of 640 and 450 thousand tons per year PET and PTA, separately. Citepe also works a 90 thousand tons per annum texturized polyester filament plant on place.

BASF increased global manufacturing capacity of Neopor by 40,000 metric tons per annum in June 2018. In South Korea, at the Ulsan site, BASF shifted the entire plant of 85,000 metric tons capacity from the white EPS Styropor to the enhanced insulation raw material grey Neopor EPS.

North America will continue to account for a large share in the expanded polystyrene (EPS) throughout the forecast period, owing to high acceptance rate of polystyrene in construction applications comprising loose roadways, sports stadiums and residential.

Leading players operating in the expanded polystyrene (EPS) market include DOW chemicals, SABIC, NOVA Chemicals, BASF, TOTAL SA, Unipol Holland BV, Versalis S.P.A., Ravago group, Styrochem, Alpek S.A.B. De Cv, Synthos SA, Brodr Sunde group, Kaneka Corporation, ACH foam technologies and Sunpor Kunststoff GMBH. The top companies are involved in mergers and partnerships, acquisitions, and joint ventures in order to increase the inorganic growth of the industry.

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Market Segment:

Leading players of Expanded Polystyrene (EPS) including:

• BASF SE

• The Dow Chemical

• ACH Foam Technologies

• Kaneka Corporation

• PJSC Sibur Holding

• Saint-Gobain

• Alpek, S.A.B. De Cv

• Saudi Basic Industries Corporation (SABIC)

• Sunpor Kunststoff GmbH

• Synbra Holding BV

• Synthos S.A.

• Total S.A.

• Brodr. Sunde A/S

• Flint Hills Resources, LLC

• Nova Chemicals Corporation

• Styrochem Canada Ltee

• The Ravago Group

• Unipol Holland BV

• Versalis S.P.A.

• KNAUF Industries

Market split by Type, can be divided into:

• White

• Grey

• Black

Market split by Application, can be divided into:

• Building & Construction

• Packaging

• Other

Market split by Sales Channel, can be divided into:

• Direct Channel

• Distribution Channel

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America Brazil, Argentina, Colombia and Chile etc.)

• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/chemicals-and-materials

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