Expanded Polystyrene (EPS) Market worth $24.7 billion by 2027 (Analysis of Covid-19 Impact)

 The report “Expanded Polystyrene (EPS) Market by Product Type (White, Grey, Black), End-Use Industry (Building & Construction, Packaging), and Region (APAC, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2027” The EPS market is expected to grow from USD 15.5 billion in 2018 to USD 24.7 billion by 2027, at a CAGR of 5.3% during the forecast period. The major factors driving the EPS market include the growing construction and packaging industries in developing countries.

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• Recent Developments -

• In August 2018, Atlas Roofing acquired ACH Foam Technologies, a leading manufacturer of molded polystyrene solutions with manufacturing facilities across North America. This will expand and enhance Atlas’s product portfolio and strengthen its position in the North American market.
• In January 2018, BEWiSynbra completed the acquisition of Ruukin EPS, a Finnish manufacturer of insulation material. Through this acquisition, the company primarily gains better geographical coverage in Finland and will also be able to offer insulation material and packaging solutions in EPS as it does in the rest of the Nordics.
• In October 2016, Atlas Roofing rebuilt its EPS production facility in Perryville, Missouri, which was destroyed by almost 85% by a fire that broke out in December 2016.
• In January 2016, BEWiSynbra launched green EPS, made from recycled EPS – rigid cellular plastic with the same excellent characteristics as new plastic under the GreenLine brand.
• In May 2015 , Synthos launched Synthos EPS with HBCD for packaging applications as an improvement in other EPS products offered by Synthos.

• Key Market Players -

Xingda Group, Synthos, BASF, Jiangsu, and Dalian

• Critical questions the report answers:

• What are the upcoming trends in the market? What impact would they make post-2020?
• What are the major factors influencing the growth of the market?
• What are the key strategies adopted by the top players to increase their revenue?
• What are the significant growth trends at the forefront of new market innovations?

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