The global Polystyrene (PS) and Expanded Polystyrene (EPS) market was valued at 3237.07 Million USD in 2021 and will grow with a CAGR of 4.68% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Polystyrene (PS) is a synthetic aromatic hydrocarbon polymer made from the monomer styrene. Polystyrene also is made into a foam material, called expanded polystyrene (EPS) or extruded polystyrene (XPS), which is valued for its insulating and cushioning properties.Polystyrene can be solid or foamed. General-purpose polystyrene is clear, hard, and rather brittle. It is an inexpensive resin per unit weight. It is a rather poor barrier to oxygen and water vapour and has a relatively low melting point.Polystyrene is one of the most widely used plastics, the scale of its production being several million tonnes per year. Polystyrene can be naturally transparent, but can be coloured with colourants. Uses include protective packaging, containers, lids, bottles, trays, tumblers, disposable cutlery and in the making of models. Expanded polystyrene is solid foam or thermoplastic product that has characteristics such as low weight, insulation properties and durability. The thermal qualities of expanded polystyrene improve with its strength (density). EPS has a variety of applications such as for thermal insulation boards in building constructions and packaging products. EPS insulation foam is also used in closed cavity walls, roofs and floor insulation. It is the automatic choice for electronic goods cushioning and packaging. Manufacturers rely heavily on EPS due to its insulation and shock absorption capacity, as well as its ability to prevent or minimize product damage during the transportation of sophisticated equipment.
By Market Verdors:
- ACH Foam Technologies
- Flint Hills Resources
- StyroChem
- NOVA Chemicals
- AlpekB. de C.V.
- Sunpor Kunststoff
- Synbra Holding bv
- Total
- Brodr. Sunde
- Trinseo
- DowDuPont
- Kumho Petrochemical
- SABIC
- Kaneka Corporation
By Types:
- Polystyrene
- Expanded Polystyrene (EPS)
By Applications:
- Building and Construction
- Electrical and Electronics
- Packaging
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
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- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the market.
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