This Week's Top Stories About Expanded Polystyrene Market

 The EPS market is expected to grow from USD 15.5 billion in 2018 to USD 20.1 billion by 2023, at a CAGR of 5.3% during the forecast period. The major driving factors in the EPS market are the growing construction and packaging industries in the developing countries.

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The major EPS vendors include Wuxi Xingda (China), Synthos (Poland), BASF (Germany), Total (France), SUNPOR KUNSTSTOFF (Austria), The Ravago Group (Belgium), Alpek (Mexico), VERSALIS (Italy), Nova Chemicals (US), Flint Hills Resources (US), PJSC SIBUR HOLDING (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Kaneka Corporation (Japan), Atlas Roofing Corporation (US), BEWiSynbra Group (Sweden), Brødr. Sunde A/S (Norway), Nexkemia Petrochemicals (Canada), and Unipol Holland (Netherlands). These players have adopted various growth strategies, such as mergers & acquisitions, investments & expansions, new product launches, and partnerships & agreements to further expand their presence in the global EPS market. Mergers & acquisitions and investments & expansions have been the most dominating strategy adopted by major players from 2015 to 2018, which help them innovate on their offerings and broaden their customer base.

In line with the rising demand for EPS materials, Synthos has been working to deliver efficient EPS products to various end-use industries. The company manufactures chemical raw materials, rubber, and polystyrene for foaming applications. It is one of the leading producers of EPS in Europe. The company caters to various end-use industries such as tire & rubber, thermal insulation, construction chemicals, packaging, wood & furniture, and paper. It offers EPS through its Styrenopochodne business segment. In August 2016, Synthos acquired the EPS business of INEOS Styrenics European Holding BV (Switzerland). Through this acquisition, the company accelerated its growth and offered access to expanded technologies and an enhanced product portfolio to the customers of both companies.

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BASF is a leading chemical company that offers a range of chemicals and intermediate solutions. The company operates through five business segments, namely, chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. It offers EPS under its functional materials & solutions business segment. The company has a strong customer base and operates in Europe, APAC, North America, and South America, and the Middle East & Africa. In June 2018, the company made investment and announced that it is increasing its global production capacity for Neopor by 40,000 metric tons per year. At the Ulsan site in Korea, BASF will switch the plant’s 85,000 metric tons capacity from white EPS Styropor to the improved insulation raw material grey Neopor EPS by 2018. This will allow the company to meet the growing demand for the grey material in the Asian market.

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Expanded Polystyrene (EPS) Market worth $24.7 billion by 2027

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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Key Market Players - 

Major vendors in the EPS market include Wuxi Xingda (China), Synthos (Poland), BASF (Germany), Total (France), SUNPOR KUNSTSTOFF (Austria), The Ravago Group (Belgium), Alpek (Mexico), VERSALIS (Italy), Nova Chemicals (US), Flint Hills Resources (US), PJSC SIBUR HOLDING (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Kaneka Corporation (Japan), Atlas Roofing Corporation (US), BEWiSynbra Group (Sweden), Brødr. Sunde A/S (Norway), Nexkemia Petrochemicals (Canada), and Unipol Holland (Netherlands).

Building & construction to be the fastest-growing end-use industry during the forecast period

EPS possesses ideal physical and mechanical properties for most insulating needs. It is an excellent design element, an ideal choice for green building, offers tangible environmental advantages that can maximize energy efficiency, provides improved indoor environmental quality, and enhances durability. These factors make the building & construction industry the largest consumer of EPS.

APAC is expected to hold the largest market size in the EPS market during the forecast period

APAC has emerged as the leading consumer and producer of EPS because of the increasing demand from the domestic front and rising income levels. The easy availability of low-cost labor and economical & accessible raw materials are increasing the production of EPS in the region, thereby driving foreign investments. APAC is also the fastest-growing EPS market. The government proposals to improve public infrastructure and rising cash-intensive non-residential construction are positively impacting the market growth. The demand in APAC will further increase in the next five years because of several on-going and upcoming building & construction projects in the developing countries.

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Grey EPS is gradually penetrating the global market for the past 10 years. The less thermal conductivity and better insulation of grey EPS than white EPS are making it a preferable choice in the building & construction industry. Grey EPS has an additional elasticity that improves sound insulation and provides better thermal efficiency in comparison to the normal white EPS insulation.

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BASF (Germany) and Total (France) are the Leading Players in the Expanded Polystyrene Market

The EPS market is expected to grow from USD 15.5 billion in 2018 to USD 20.1 billion by 2023, at a CAGR of 5.3% during the forecast period. The major driving factors in the EPS market are the growing construction and packaging industries in the developing countries.

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The major EPS vendors include Wuxi Xingda (China), Synthos (Poland), BASF (Germany), Total (France), SUNPOR KUNSTSTOFF (Austria), The Ravago Group (Belgium), Alpek (Mexico), VERSALIS (Italy), Nova Chemicals (US), Flint Hills Resources (US), PJSC SIBUR HOLDING (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Kaneka Corporation (Japan), Atlas Roofing Corporation (US), BEWiSynbra Group (Sweden), Brødr. Sunde A/S (Norway), Nexkemia Petrochemicals (Canada), and Unipol Holland (Netherlands). These players have adopted various growth strategies, such as mergers & acquisitions, investments & expansions, new product launches, and partnerships & agreements to further expand their presence in the global EPS market. Mergers & acquisitions and investments & expansions have been the most dominating strategy adopted by major players from 2015 to 2018, which help them innovate on their offerings and broaden their customer base.

In line with the rising demand for EPS materials, Synthos has been working to deliver efficient EPS products to various end-use industries. The company manufactures chemical raw materials, rubber, and polystyrene for foaming applications. It is one of the leading producers of EPS in Europe. The company caters to various end-use industries such as tire & rubber, thermal insulation, construction chemicals, packaging, wood & furniture, and paper. It offers EPS through its Styrenopochodne business segment. In August 2016, Synthos acquired the EPS business of INEOS Styrenics European Holding BV (Switzerland). Through this acquisition, the company accelerated its growth and offered access to expanded technologies and an enhanced product portfolio to the customers of both companies.

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BASF is a leading chemical company that offers a range of chemicals and intermediate solutions. The company operates through five business segments, namely, chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. It offers EPS under its functional materials & solutions business segment. The company has a strong customer base and operates in Europe, APAC, North America, and South America, and the Middle East & Africa. In June 2018, the company made investment and announced that it is increasing its global production capacity for Neopor by 40,000 metric tons per year. At the Ulsan site in Korea, BASF will switch the plant’s 85,000 metric tons capacity from white EPS Styropor to the improved insulation raw material grey Neopor EPS by 2018. This will allow the company to meet the growing demand for the grey material in the Asian market.

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BASF (Germany) and Total (France) are the Leading Players in the Expanded Polystyrene Market

The EPS market is expected to grow from USD 15.5 billion in 2018 to USD 20.1 billion by 2023, at a CAGR of 5.3% during the forecast period. The major driving factors in the EPS market are the growing construction and packaging industries in the developing countries.

To know about the assumptions considered for the study

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The major EPS vendors include Wuxi Xingda (China), Synthos (Poland), BASF (Germany), Total (France), SUNPOR KUNSTSTOFF (Austria), The Ravago Group (Belgium), Alpek (Mexico), VERSALIS (Italy), Nova Chemicals (US), Flint Hills Resources (US), PJSC SIBUR HOLDING (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Kaneka Corporation (Japan), Atlas Roofing Corporation (US), BEWiSynbra Group (Sweden), Brødr. Sunde A/S (Norway), Nexkemia Petrochemicals (Canada), and Unipol Holland (Netherlands). These players have adopted various growth strategies, such as mergers & acquisitions, investments & expansions, new product launches, and partnerships & agreements to further expand their presence in the global EPS market. Mergers & acquisitions and investments & expansions have been the most dominating strategy adopted by major players from 2015 to 2018, which help them innovate on their offerings and broaden their customer base.

Table of Contents:

1 Introduction (Page No. - 17)

   1.1 Objectives of the Study    1.2 Market Definition    1.3 Market Scope           1.3.1 Years Considered for the Study
   1.4 Currency    1.5 Unit Considered    1.6 Stakeholders

2 Research Methodology (Page No. - 20)

   2.1 Research Data           2.1.1 Secondary Data
                   2.1.1.1 Key Data From Secondary Sources
          2.1.2 Primary Data
                   2.1.2.1 Key Data From Primary Sources
                   2.1.2.2 Key Industry Insights
                   2.1.2.3 Breakdown of Primary Interviews
   2.2 Market Size Estimation           2.2.1 Bottom-Up Approach
          2.2.2 Top-Down Approach
   2.3 Data Triangulation    2.4 Assumptions    2.5 Limitations


BASF is a leading chemical company that offers a range of chemicals and intermediate solutions. The company operates through five business segments, namely, chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. It offers EPS under its functional materials & solutions business segment. The company has a strong customer base and operates in Europe, APAC, North America, and South America, and the Middle East & Africa. In June 2018, the company made investment and announced that it is increasing its global production capacity for Neopor by 40,000 metric tons per year. At the Ulsan site in Korea, BASF will switch the plant’s 85,000 metric tons capacity from white EPS Styropor to the improved insulation raw material grey Neopor EPS by 2018. This will allow the company to meet the growing demand for the grey material in the Asian market.



Related Reports:
Expanded Polystyrene Market by Product Type (White, Grey, Black), Application (Building & Construction, Packaging), and Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022


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The Grey Expanded Polystyrene Segment is Projected to Register the Highest CAGR in the EPS Market During the Forecast Period

The report "Expanded Polystyrene (EPS) Market by Product Type (White, Grey, Black), End-use Industry (Building & Construction, Packaging, Others), and Region (Asia Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2023", The EPS market is expected to grow from USD 15.5 billion in 2018 to USD 20.1 billion by 2023, 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.

Download Free PDF Brochure: https://bit.ly/2tE3sFX

Major vendors in the EPS market include Wuxi Xingda (China), Synthos (Poland), BASF (Germany), Total (France), SUNPOR KUNSTSTOFF (Austria), The Ravago Group (Belgium), Alpek (Mexico), VERSALIS (Italy), Nova Chemicals (US), Flint Hills Resources (US), PJSC SIBUR HOLDING (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Kaneka Corporation (Japan), Atlas Roofing Corporation (US), BEWiSynbra Group (Sweden), Brødr. Sunde A/S (Norway), Nexkemia Petrochemicals (Canada), and Unipol Holland (Netherlands).

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data were triangulated by studying various factors and trends from both the demand and supply sides in the building & construction and packaging industries.

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The grey EPS segment is projected to register the highest CAGR in the EPS market during the forecast period

Grey EPS is gradually penetrating the global market for the past 10 years. The less thermal conductivity and better insulation of grey EPS than white EPS are making it a preferable choice in the building & construction industry. Grey EPS has an additional elasticity that improves sound insulation and provides better thermal efficiency in comparison to the normal white EPS insulation.

Building & construction to be the fastest-growing end-use industry during the forecast period

EPS possesses ideal physical and mechanical properties for most insulating needs. It is an excellent design element, an ideal choice for green building, offers tangible environmental advantages that can maximize energy efficiency, provides improved indoor environmental quality, and enhances durability. These factors make the building & construction industry the largest consumer of EPS.

APAC is expected to hold the largest market size in the EPS market during the forecast period

APAC has emerged as the leading consumer and producer of EPS because of the increasing demand from the domestic front and rising income levels. The easy availability of low-cost labor and economical & accessible raw materials are increasing the production of EPS in the region, thereby driving foreign investments. APAC is also the fastest-growing EPS market. The government proposals to improve public infrastructure and rising cash-intensive non-residential construction are positively impacting the market growth. The demand in APAC will further increase in the next five years because of several on-going and upcoming building & construction projects in the developing countries.

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Mergers & Acquisitions Was the Key Strategy Adopted by Industry Players to Achieve Growth in the Expanded Polystyrene Market

The expanded polystyrene market is projected to reach USD 18.97 Billion by 2022, at a CAGR of 5.1% from 2017 to 2022. The market is mainly driven by the growing construction and packaging industry in emerging countries.

Mergers & acquisitions was the key strategy adopted by industry players to achieve growth in the expanded polystyrene market. This strategy accounted for a share of 38.5% of the all the growth strategies adopted by key players in the market between 2013 and 2017. Companies are merging or acquiring competitors in emerging regions, due to the rising demand for expanded polystyrene from these regions. Besides merger & acquisitions, companies are also focusing on investments & expansions by expanding their production capacities and new product launches by increasing their product portfolios to fulfill the growing demand of consumers. These strategies together accounted for a share of 61.5% all the growth strategies adopted by key players in the market between 2013 and 2017.

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Europe was the most active region from 2013 and 2017, in terms of strategic initiatives. Investments & expansions was the most preferred strategy in this region by manufacturers to strengthen their position in the global expanded polystyrene market. Companies, such as Alpek SAB de CV (Mexico), SUNPOR KUNSTSTOFF GmbH (Austria), Synthos S.A. (Poland), The Ravago Group (Belgium), and Total S.A. (France) are the key players in Europe.

expanded polystyrene market

ACH Foam Technologies is another key manufacturer of expanded polystyrene. In September 2015, the company launched wine bottle packaging EPS with better design and tightening system for better protection of bottles. In October 2014, the company established a new plant in Fond du Lac, Wisconsin to produce high quality expanded polystyrene foam to meet the increasing demand for the product in the region.

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Expanded Polystyrene Market: New Product Developments, Agreements & Partnerships

The global expanded polystyrene market is projected to reach USD 18.97 Billion by 2022, at a CAGR of 5.1% from 2017 to 2022. Growing construction activities and increase in the demand for packaged food has led to an increase in the demand for expanded polystyrene from the building & construction and packaging industries. The rising demand from end-use industries in countries across the globe is expected to further fuel the growth of the expanded polystyrene market.
Building & construction is estimated to be the largest segment of the market in 2017, in terms of volume, followed by the packaging segment. The rising demand for new and innovative products, and need for research & development in expanded polystyrene has led to companies adopting organic and inorganic growth strategies to increase their market shares.

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Building & construction: the leading end-use industry segment of the expanded polystyrene market
Expanded polystyrene resins are commonly used materials in the building & construction industry. Apart from its application in insulation, expanded polystyrene foam is also used inroad foundations, void forming, flotation, drainage, impact sound insulation, modular construction elements, cellular bricks, bridges, railway lines, public buildings, or even small family residences, among others. Excellent mechanical properties, quick construction/assembly ability, and low subsequent maintenance of expanded polystyrene makes it a preferred material in the building & construction industry. Changing consumer preferences and growing need for technologically-advanced products is expected to boost the market for expanded polystyrene.

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Grey expanded polystyrene: the fastest-growing product type segment of the expanded polystyrene market
Grey expanded polystyrene materials with lesser thermal conductivities but better insulation properties than the white expanded polystyrene have been developed, with the purpose of improving the energy efficiency of the buildings. Graphite, which is used in grey expanded polystyrene, reduces the amount of radiant heat that moves through the expanded polystyrene. The use of graphite in expanded polystyrene helps reduce heat transfer through the material by 9-21%, depending on density. The grey expanded polystyrene segment is projected to witness higher growth than that the white expanded polystyrene segment in the next five years.

Key Target Audience:

• Manufacturers of Expanded Polystyrene
• Raw material Suppliers
• Product Type Providers
• Industry Associations
• Traders and Distributors of Expanded Polystyrene
• Research Institutes and Government Organizations
• Market Research and Consulting Firms
• Manufacturers in Applications, such as Building & Construction, Packaging, and Others
• Environment Protection Agencies

Based on Product Type:

• White Expanded Polystyrene
• Grey Expanded Polystyrene
• Black Expanded Polystyrene

Based on Application:

• Building & Construction
• Packaging
• Others

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