Global Expanded Polystyrene Market Size Study, by Product (White, Grey), by Application (Construction, Packaging, Automotive) and Regional Forecasts 2022-2032

Description

The Global Expanded Polystyrene Market, valued at approximately USD 11.05 billion in 2023, is poised to grow at a remarkable CAGR of 8.59% over the forecast period 2024-2032. Expanded Polystyrene (EPS), renowned for its lightweight and insulation properties, has become a pivotal material across industries such as construction, packaging, and automotive. The demand for sustainable and energy-efficient solutions has further propelled the utilization of EPS, given its recyclable nature and ability to reduce energy consumption in buildings and logistics.

The market is primarily driven by the rapid urbanization and infrastructure development across emerging economies. Additionally, the global emphasis on reducing carbon footprints has amplified the adoption of EPS in green construction practices. Its use in automotive applications, particularly in lightweight vehicle manufacturing to enhance fuel efficiency, is another significant growth catalyst. However, environmental concerns related to plastic usage and waste management pose challenges. Nevertheless, advancements in recycling technologies and innovative product developments are paving the way for substantial growth opportunities.

With the expansion of packaging applications, especially in e-commerce and food delivery, EPS has proven its effectiveness in protecting goods during transit. Similarly, the construction industry's growing adoption of EPS for insulation and structural applications underscores its critical role in modern infrastructure. The industry's focus on bio-based EPS variants further aligns with sustainability trends, strengthening its position in the circular economy.

Geographically, North America and Europe remain dominant markets, supported by advanced infrastructure, stringent regulations promoting energy efficiency, and widespread industrial adoption. On the other hand, the Asia-Pacific region is expected to register the fastest growth, driven by rapid industrialization, urban expansion, and increasing disposable incomes in countries like China and India. Latin America and the Middle East & Africa are also witnessing notable growth, primarily fueled by infrastructure and industrial development initiatives.

Major market players included in this report are:

BASF SE
Synthos SA
StyroChem
TotalEnergies SE
Ravago Group
SABIC
Evonik Industries AG
Versalis S.p.A.
Alpek S.A.B. de C.V.
NOVA Chemicals Corporation
Arkema S.A.
Polimeri Europa
Kingspan Group
Wuxi Xingda Group
Sunpor Kunststoff GmbH

The detailed segments and sub-segments of the market are explained below:

By Product:

White
Grey

By Application:

Construction
Packaging
Automotive

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Expanded Polystyrene Market Executive Summary

1.1. Global Expanded Polystyrene Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Expanded Polystyrene Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Expanded Polystyrene Market Dynamics

3.1. Market Drivers
- 3.1.1. Rapid Urbanization and Infrastructure Development
- 3.1.2. Increasing Demand for Sustainable and Energy-Efficient Solutions
- 3.1.3. Growth in Automotive Lightweight Manufacturing
3.2. Market Challenges
- 3.2.1. Environmental Concerns Related to Plastic Usage
- 3.2.2. Waste Management and Recycling Issues
3.3. Market Opportunities
- 3.3.1. Advancements in Recycling Technologies
- 3.3.2. Innovative Product Developments
- 3.3.3. Expansion in Emerging Markets

Chapter 4. Global Expanded Polystyrene Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Expanded Polystyrene Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Expanded Polystyrene Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. White
- 5.2.2. Grey

Chapter 6. Global Expanded Polystyrene Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Expanded Polystyrene Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Construction
- 6.2.2. Packaging
- 6.2.3. Automotive

Chapter 7. Global Expanded Polystyrene Market Size & Forecasts by Region 2022-2032

7.1. North America Expanded Polystyrene Market
- 7.1.1. U.S. Expanded Polystyrene Market
  - 7.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Expanded Polystyrene Market
  - 7.1.2.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
7.2. Europe Expanded Polystyrene Market
- 7.2.1. UK Expanded Polystyrene Market
  - 7.2.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.2.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.1.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.2.2. Germany Expanded Polystyrene Market
  - 7.2.2.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.2.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.2.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.2.3. France Expanded Polystyrene Market
  - 7.2.3.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.2.3.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.3.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.2.4. Spain Expanded Polystyrene Market
  - 7.2.4.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.2.4.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.4.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.2.5. Italy Expanded Polystyrene Market
  - 7.2.5.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.2.5.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.5.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.2.6. Rest of Europe Expanded Polystyrene Market
  - 7.2.6.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.2.6.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.6.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
7.3. Asia Pacific Expanded Polystyrene Market
- 7.3.1. China Expanded Polystyrene Market
  - 7.3.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.3.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.1.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.3.2. India Expanded Polystyrene Market
  - 7.3.2.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.3.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.2.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.3.3. Japan Expanded Polystyrene Market
  - 7.3.3.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.3.3.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.3.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.3.4. Australia Expanded Polystyrene Market
  - 7.3.4.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.3.4.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.4.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.3.5. South Korea Expanded Polystyrene Market
  - 7.3.5.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.3.5.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.5.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.3.6. Rest of Asia Pacific Expanded Polystyrene Market
  - 7.3.6.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.3.6.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.6.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
7.4. Latin America Expanded Polystyrene Market
- 7.4.1. Brazil Expanded Polystyrene Market
  - 7.4.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.4.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.4.1.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.4.2. Mexico Expanded Polystyrene Market
  - 7.4.2.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.4.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.4.2.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.4.3. Rest of Latin America Expanded Polystyrene Market
  - 7.4.3.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.4.3.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.4.3.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
7.5. Middle East & Africa Expanded Polystyrene Market
- 7.5.1. Saudi Arabia Expanded Polystyrene Market
  - 7.5.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.5.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.5.1.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.5.2. South Africa Expanded Polystyrene Market
  - 7.5.2.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.5.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.5.2.3. Temperature Range Breakdown Size & Forecasts, 2022-2032
- 7.5.3. Rest of Middle East & Africa Expanded Polystyrene Market
  - 7.5.3.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.5.3.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.5.3.3. Temperature Range Breakdown Size & Forecasts, 2022-2032

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. SABIC
- 8.1.3. Evonik Industries AG
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Synthos SA
- 8.3.3. StyroChem
- 8.3.4. TotalEnergies SE
- 8.3.5. Ravago Group
- 8.3.6. NOVA Chemicals Corporation
- 8.3.7. Arkema S.A.
- 8.3.8. Polimeri Europa
- 8.3.9. Kingspan Group
- 8.3.10. Wuxi Xingda Group

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes