Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Polystyrene Foam Market Size is Expected to Grow from USD 24.84 Billion in 2023 to USD 37.72 Billion by 2033, at a CAGR of 4.27% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Polystyrene Foam Market Size, Share, and COVID-19 Impact Analysis By Type (Expanded Polystyrene Foam (EPS) and Extruded Polystyrene Foam (XPS)), By End-User (Packaging, Building & Construction, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The manufacturing and distribution of polystyrene foam, a lightweight, multipurpose substance mainly utilized for its insulating qualities, are included in the polystyrene foam market. The two primary varieties in this market are Extruded Polystyrene (XPS), which is renowned for its outstanding moisture resistance and thermal insulation, and Expanded Polystyrene (EPS), which is frequently used in packaging due to its exceptional cushioning and shock absorption. Polystyrene foam is crucial for a number of uses, including consumer goods like throwaway food containers and craft supplies, industrial insulation to safeguard machinery and equipment, and architecture and construction, where it improves energy efficiency. Increased construction activity, the growing e-commerce industry's need for dependable packaging solutions, and the growing demand for energy-efficient buildings are the main factors propelling the market's expansion. Polystyrene foam is a highly efficient insulation and packaging material used in the building and construction industry, expected to experience significant growth due to increasing construction activities, e-commerce, and technological advancements in environmentally friendly forms. However, the global polystyrene foam market faces challenges like strict environmental regulations, rising raw material costs, and growing demand for sustainable alternatives.
The expanded polystyrene foam (EPS) segment accounted for the highest share with 61.7% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the polystyrene foam market is classified into expanded polystyrene foam (EPS) and extruded polystyrene foam (XPS). Among these, the expanded polystyrene foam (EPS) segment accounted for the highest share with 61.7% in 2023 and is expected to grow at a significant CAGR during the forecast period. EPS is a versatile material with excellent moisture resistance and insulation properties, making it suitable for temperature-sensitive goods and heavy-duty transportation packaging. Its exceptional strength to weight ratio and performance under impacts and vibrations make it a popular choice for packaging and cushioning needs in various industries, including retail stores, warehousing, and logistics facilities. EPS foam's proven performance over decades makes it the preferred material for packaging and cushioning needs.
The building & construction segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end-user, the polystyrene foam market is divided into packaging, building & construction, and others. Among these, the building & construction segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Polystyrene foams, such as extruded polystyrene (XPS) and expanded polystyrene (EPS), are increasingly used in insulation due to their thermal and moisture resistance, resulting in significant savings on heating and cooling costs. These materials are ideal for both external and internal applications, ensuring durability and sustainability in modern infrastructure.
North America is estimated to hold the largest share of the polystyrene foam market over the forecast period.
North America is estimated to hold the largest share of the polystyrene foam market over the forecast period. North America is heavily reliant on the construction and packaging industries for insulation and cushioning. Major construction projects and leading insulation manufacturers have created an ecosystem that supports the growth of polystyrene foam in the region.
Asia Pacific is predicted to have the fastest CAGR growth in the polystyrene foam market over the forecast period. Urbanization and infrastructure growth in East Asia have led to a surge in construction activity and the expansion of manufacturing and industrial capabilities. The packaging industry, particularly in construction and packaging, is a significant end-use sector for molded and extruded polystyrene products. The growing population is expected to further boost demand from downstream sectors, making East Asia a promising emerging hotbed.
Company Profiling
Major key players in the polystyrene foam market include Kingspan Group, Sunpor Kunststoff GmbH, Drew Foam, Xella International, Alpek, BASF SE, ChovA, DuPont, Knauf Insulation, Synthos S.A., Shrushi Polymers Private Limited., Kamaksha Thermocol, K. K. Nag Pvt. Ltd, Styrotech, Inc., Michigan Foam Products LLC, ICA, Supreme Petrochem Ltd, Kaneka Corporation, Wuxi Xingda Foam Plastic New Material Limited, Tamai Kasei Co., Ltd., and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the polystyrene foam market based on the below-mentioned segments:
Global Polystyrene Foam Market, By Type
Global Polystyrene Foam Market, By End-User
Global Polystyrene Foam Market, By Regional Analysis
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