Development in the building and construction industry and increase in demand for lightweight materials in the automobile industry drive the growth of the global expanded polystyrene market. On the contrary, fluctuations in crude oil, and availability of high-performance substitute products hinder the market growth. However, involvement of injection molded process would open new opportunities in the coming years.
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The global expanded polystyrene market is divided on the basis of product type, end-user industry, and region. Based on product type, the expanded polystyrene industry is divided into white, grey, and black. The white segment dominated the market in 2018, accounting for more than half of the market. However, the grey segment is projected to manifest the highest CAGR of 6.0% during the forecast period.
The global expanded polystyrene market market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region is projected to portray the highest CAGR of 5.6% during the forecast period. In addition, the market region also dominated the market in 2018, accounting for nearly half of the market.
Based on end-user, the market analysis is divided on the basis of packaging, building & construction, domestic appliances, consumer electronics, medical, and others. The packaging segment held the largest revenue in 2018, accounting for more than one-third of the market. However, the building and construction segment is projected to manifest the highest CAGR of 6.3% during the forecast period.
Key offerings of the report:
• Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
• Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
• Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
• Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
• Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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The global expanded polystyrene market market report includes an in-depth analysis of the major market players such as Alpek, S.A.B. de C.V., Arkema S.A., BASF SE, Evonik Industries AG, Kaneka Corporation, LG Corporation (LG Corp), NOVA Chemical Corporation, SABIC, Styrochem, and TOTAL S.A. Among these, BASF SE, Evonik Industries AG, Kaneka Corporation, LG Corporation (LG Corp), and NOVA Chemical Corporation.
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