Dublin, Nov. 10, 2020 (GLOBE NEWSWIRE) -- The "Expanded Polystyrene Market Size, Share & Trends Analysis Report by Product (White, Grey), by Application (Construction, Automotive, Packaging), by Region, and Segment Forecasts, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global expanded polystyrene market size is anticipated to reach USD 12.9 billion by 2027, expanding at a CAGR of 4.6% from 2020 to 2027.
The rising demand for environmentally friendly, lightweight, durable, and sustainable products and components, primarily for thermal and acoustic insulation, in the automotive, construction, and packaging industries, is driving the demand for Expanded Polypropylene (EPS) over the forecast period.
Technological advancements and the growing trend of electric vehicles have increased the need for lightweight, durable, and recyclable products. A gradual increase in electric vehicles on roads is expected to positively propel the growth of the market in the coming years. However, the COVID-19 outbreak has immensely affected the production of automobiles and has negatively impacted the value chain of the automotive industry. Production cut or halt in manufacturing activities, weak consumer sentiments, and declining demand from consumers owing to COVID-19 are expected to impact the demand for expanded polystyrene in automotive applications.
The growth of the market in Asia Pacific is projected to be negatively impacted in some application segments owing to the COVID-19 pandemic. The pandemic has led to limitations on cross-border trade, lockdowns of major cities, and waning consumer demand.
This has severely affected the regional manufacturing and construction activities and compelled several manufacturers and contractors to either close or slow down their operations to contain the spread of the virus, which is expected to hamper the product demand in the fourth quarter of 2020.
Expanded Polystyrene Market Report Highlights
The packaging segment was the second-largest application segment in 2019. Expanded polystyrene is widely utilized in the packaging of electrical and electronics, consumer goods, medical and healthcare products, and glass bottles
White EPS is expected to emerge as the fastest-growing product segment in the forecast period owing to increasing demand for food packaging solutions such as food trays, clamshell containers, and disposable cups, consumer goods packaging, and electronics products packaging
As of 2019, Asia Pacific accounted for more than 54.0% share of the overall revenue. The rising number of construction projects in emerging economies such as China and India is propelling the product demand in the region.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Expanded Polystyrene Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.1.1 Segment Outlook
3.2 Penetration & Growth Mapping
3.3 Value Chain Analysis
3.4 Raw Material Trends
3.4.1 Expanded Polystyrene Market Price Trend
188.8.131.52 Market Pricing Analysis
3.5 Technology overview
3.6 Regulatory Framework
3.6.1 Montgomery Council, Maryland
3.6.2 San Luis Obispo Municipal Code
3.7 Market Dynamics
3.7.1 Market Driver Analysis
184.108.40.206 Growing Demand for Green Buildings
220.127.116.11 Increasing Demand from Various Application Sectors
3.7.2 Market Restraint Analysis
18.104.22.168 Fluctuating Raw Material Prices
3.8 Business Environment Analysis: Expanded Polystyrene Market
3.8.1 Porter's Five Forces Analysis
3.8.2 Pestel Analysis
Chapter 4 Expanded Polystyrene Market: Product Estimates & Trend Analysis
4.1 Expanded Polystyrene Market: Product Movement Analysis, 2019 & 2027
4.2.1 Expanded Polystyrene Market Estimates and Forecasts, By White, 2016-2027 (Kilotons) (USD Million)
Chapter 5 Expanded Polystyrene Market: Application Estimates & Trend Analysis
5.1 Expanded Polystyrene Market: Application Movement Analysis, 2019 & 2027
5.2.1 Expanded Polystyrene Market Estimates and Forecasts, In Construction, 2016-2027 (Kilotons) (USD Million)
Chapter 6 Expanded Polystyrene Market: Regional Estimates & Trend Analysis
6.1 Expanded Polystyrene Market: Regional Movement Analysis & Market Share, 2019 & 2027
Chapter 7 Competitive Landscape
7.1 Key global players, recent developments, & their impact on the industry
7.2 Vendor landscape
7.3 Competitive Environment
Chapter 8 Company Profiles
8.1 Company Overview
8.2 Product Benchmarking
8.3 Strategic Initiatives
Atlas Roofing Corporation
Alpek S.A.B. de C.V.
PJSC Sibur Holding
Flint Hills Resources
NOVA Chemicals Corporate
Unipol Holland B.V.
For more information about this report visit https://www.researchandmarkets.com/r/ltc63b
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