Global Expanded Polystyrene (Eps) Market Study by Type, Industry Vertical and Regional Forecast to 2028

 Bharat Book Bureau Provides the Treding Market Research Report on "Global Expanded Polystyrene (Eps) Market 2019-2028" under Chemical & Materials Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.

MARKET OUTLOOK
According to report, estimates the Global Expanded Polystyrene (Eps) Market to proliferate with a compound annual growth rate of 5.68% in terms of revenue and 4.92% in terms of volume in the forecasting period 2019-2028.
Expanded polystyrene has an edge over alternative materials. This is the primary driving force behind the growth of the market. Further, it has witnessed increased demand from the packaging and building & construction sectors. This is majorly adding to the market growth. On the other hand, the volatility in crude oil prices and the easy availability of alternative products are negatively impacting this growth. However, there has been a growing demand for lightweight materials from the automobile industry, of late. This factor is creating some opportunities for development.

REGIONAL OUTLOOK
The global market for EPS spans across the regions of Latin America, Europe, Asia-Pacific, the Middle East and Africa, and North America.

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The APAC was the largest market for expanded polystyrene globally, and is expected to maintain its leading position by 2028. Besides, it is also anticipated to showcase the fastest growth rate in the forecast phase. There has been a growing demand for EPS insulation material in the region. This can be attributed to the increase in construction & home renovation activities, as well as the growth in the ownership of real estate. Furthermore, the Government of China has developed policies to promote energy efficiency. The Asia-Pacific region has become a hub for EPS due to the expanding interest from the household front. All these factors are fueling the market growth in this region.

COMPETITIVE OUTLOOK
The major players that have been studied in the expanded polystyrene market are Kaneka Corporation, Styrochem, Nova Chemical Corporation, Alpek SAB De CV, Bewisynbra Group AB, SABIC, Sunpor Kunststoff GmbH, Evonik Industries AG, Jackon GmbH, Total SA, Arkema SA, Sibur, BASF SE, Ravago, and LG Corporation.

BASF SE is one of the world’s largest chemical companies. Its product portfolio consists of chemicals, functional material & solutions, performance products, agricultural solutions, and oils & gas. Styropor and Neopor are some of its EPS products. In June 2018, the company increased its global production capacity for Neopor by 40,000 metric tons per year. BASF has a wide presence across the globe, and operates in Europe, North America, Latin America, Asia-Pacific, and the Middle East and Africa. The company reported revenues worth EUR 62,675 million for the FY2018 (December), with an increase of 2.4% over the preceding year.

TABLE OF CONTENTS

1. GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET - SUMMARY
2. INDUSTRY OUTLOOK
   2.1. MARKET DEFINITION
   2.2. KEY INSIGHTS
   2.2.1. ASIA-PACIFIC IS MOST PROMISING REGIONAL MARKET
   2.2.2. GREY EPS IS ANTICIPATED TO GROW AT HIGHEST CAGR
   2.2.3. INDIA IS LEADING IN TERMS OF EPS ADOPTION
   2.3. PORTER’S FIVE FORCES ANALYSIS
   2.3.1. THREAT OF NEW ENTRANTS
   2.3.2. THREAT OF SUBSTITUTE
   2.3.3. BARGAINING POWER OF SUPPLIERS
   2.3.4. BARGAINING POWER OF BUYERS
   2.3.5. THREAT OF COMPETITIVE RIVALRY
   2.4. IMPACT OF COVID – EXPANDED POLYSTYRENE (EPS)
   2.5. MARKET ATTRACTIVENESS INDEX
   2.6. VENDOR SCORECARD
   2.7. MARKET DRIVERS
   2.7.1. ADVANTAGE OVER ALTERNATIVE MATERIALS
   2.7.2. INCREASING DEMAND IN BUILDING & CONSTRUCTION AND PACKAGING SECTOR
   2.8. MARKET RESTRAINTS
   2.8.1. INSTABILITY IN CRUDE OIL PRICES
   2.9. MARKET OPPORTUNITIES
   2.9.1. GROWING DEMAND FOR LIGHTWEIGHT MATERIALS IN AUTOMOBILE INDUSTRY
   2.10. MARKET CHALLENGES
   2.10.1. OBTAINABILITY OF ALTERNATIVE PRODUCTS
3. GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET OUTLOOK – BY TYPE
   3.1. WHITE
   3.2. GREY
   3.3. BLACK
4. GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET OUTLOOK - BY INDUSTRY VERTICAL
   4.1. PACKAGING
   4.2. AUTOMOTIVE

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