Polystyrene & Expanded Polystyrene Market will surge at 4.5% CAGR up to 2024
Date: 2018-12-11   Author: Rahul Varpe  Category: #technology

Polystyrene & Expanded Polystyrene Market will surge at 4.5% CAGR up to 2024

According to a new research report by Global Market Insights, Inc. Polystyrene & Expanded Polystyrene Market Size will surpass USD 49 billion by 2025.

Polystyrene (PS) & expanded polystyrene (EPS) market is projected to observe strong demand in insulation and foaming applications in construction sector by 2025. With EPS geofoam, the engineers and architects can develop the ideal blend of materials to deliver the efficient construction solutions. The use of EPS lowers the overall cost of construction and results into benefits to construction schedules since it is easy to handle during construction. 

Sample copy of this report @ https://www.gminsights.com/request-sample/detail/2063

The significant applications of the product include: as lightweight fill for construction, slope stabilization, runway and roadway sub-grade insulation, etc., EPS geofoam was used in a planned housing development in the coastal area of Great Yarmouth, UK. The construction segment is likely to have a growth of CAGR close to 5% in PS & EPS market by 2025.

Polystyrene & Expanded Polystyrene Market is expected to have the faster growth with an estimated CAGR of 4.7% during forecast period. Expanded polystyrene has been among the largest commodity polymers produced across the globe. In recent years, EPS has been specified for the first layer of construction in passive building construction. With this EPS usage, an advanced building envelope is achieved for attainting the highest ratings.

The packaging segment had more than 30% share in global Polystyrene & Expanded Polystyrene Market in 2017. Polystyrene has been considered as a cost-effective solution for rigid packaging as well as food packaging applications. The product usage in packaging food prevents food spillage and provides thermal insulation during storage of food and refrigerated transportation. These resins reduce weight and cost, and also provide convenience, freshness, information, and the aesthetics essential. The overall PS & EPS market will observe substantial demand in packaging application by 2025.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2063

Asia Pacific region observed the highest market share exceeding 40% in the overall polystyrene & expanded polystyrene market in 2017. The huge share was accredited to the substantial growth shown by regional automotive and construction industries. The expanding traits of urbanization and population feeding necessities will drive the regional construction, energy, automotive healthcare and food sectors in the next decade. This in turn present strong potential for PS & EPS demand by 2025.

Major manufacturers include: ACH Foam Technologies, INEOS Styrolution, Trinseo S.A., Total S.A., BASF SE, SIBUR, SABIC, Flint Hills Resources, HIRSCH Servo etc. Manufacturers have been participating in strategic mergers & acquisitions in the highly fragmented PS & EPS market. For example, in Sept 2018, SABIC announced the acquisition of a 24.99% equity interest in Swiss Clariant AG. This strategic acquisition will ultimately help the company to diversify its product portfolio and to increase its market share.

Polystyrene & expanded polystyrene market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons & revenue in USD Million from 2014 to 2025, for the following segments:

Browse Report Summery @ https://www.gminsights.com/industry-analysis/polystyrene-ps-and-expanded-polystyrene-eps-market

Polystyrene & Expanded Polystyrene Market Of Product By End-user

o     Polystyrene
    Transportation
•    Electrical & Electronics
•    Construction
•    Consumer goods
•    Food & beverage

o    Expanded Polystyrene
•    Transportation
•    Electrical & Electronics
•    Construction
•    Consumer goods
•    Food & beverage


Polystyrene & Expanded Polystyrene Market By Application
•    Insulation
•    Packaging
•    Foaming
•    Component manufacturing
•    Chemical intermediate

Polystyrene & Expanded Polystyrene Market By End-user
•    Transportation
•    Electrical & Electronics
•    Construction
•    Consumer goods
•    Food & beverage


About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: [email protected] 
Web: https://www.gminsights.com 



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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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