Global Expanded Polystyrene (Eps) Market | Growth, Size

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Superiority over other Insulators to Drive the
Global Expanded Polystyrene (EPS) Market Growth
Inkwood Research estimates that the Global
Expanded Polystyrene (EPS) Market is predicted to
evolve at a CAGR of 5.54 in terms of revenue and
4.85 in terms of volume during the forecasting
years of 2019-2028. Browse 69 Market Data Tables
and 42 Figures spread over 164 Pages, along with
an in-depth TOC on the Global Expanded
Polystyrene (EPS) Market Forecast
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Expanded polystyrene (EPS) is a lightweight
insulation material with properties like
resistance to humidity compression, hygienic,
retention to vitamin C, shock absorption, etc. It
finds applications in the furnishing,
construction, automotive, and packaging
industries. It is also used for packaging in the
electronic and food beverage industries. EPS
v/s other Insulation Materials In the
construction industry, EPS is one of the
most-sought materials, given its
cost-effectiveness. It constitutes 98 of air.
Stabilized air makes EPS an effective insulator.
It has an excellent R-value, which remains
constant, making it an efficient material. It has
the highest insulating capacity per dollar in
comparison to other insulation materials. This
makes it a feasible material. Further, it offers
ease in handling, transportation, and
installation, thereby minimizing labor costs by
almost 50. EPS has several advantages like
permeability toward air and moisture in
comparison to XPS. The expanded polystyrene
building installations can resist water for many
years. The EPS insulation system retains only 5
moisture in comparison to 19 of XPS. Such
factors make it a favorable material in places
with high moisture. To know more about this
report, request a free sample copy. Packaging
is Highest Revenue-Generating End-User Due to its
closed pore structure, and properties like
lightweight, resistance to moisture cold, EPS
is most preferred in the packaging sector. It is
in demand among white appliances manufacturers.
It fulfills technical requirements, RoHS and
REACH. It is further utilized to pack food
products like meat, milk products, fruit, fish,
processed foods, etc. It is also one of the best
packaging options for fragile pharmaceutical and
heavy products, since it guarantees total
protection against damage. Moreover, recyclable
EPS entails resilience, high insulation value,
and excellent cushioning. This makes it an ideal
material for insulated packages. The packaging
materials made from EPS include, specialty items,
end caps, wall panels, concrete void fillers,
flat pads, edge protectors, etc. Asia Pacific
to Bloom in the Coming Years The Asia Pacific
region is witnessing an increasing demand for EPS
insulation, due to rising ownership of real
estates. There is also a rise in the construction
and home renovation activities. Insulation is a
key attribute for sustainable building products.
The government initiative in the region, with
regard to construction activities and
expenditure, is further boosting the demand for
EPS in the region. The other factors that are set
to contribute to the market growth of the region
are rapid industrialization and growing living
standards. The companies in the market are
advancing in terms of varied designs of EPS with
outstanding properties, catering to the demands
of consumers. The regional players are evaluated
to fare better opportunities than the
multi-national layers with regard to dominance.
The industrial rivalry is thus
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projected to be high during the forecast period.
Some of the distinguished players in the market
include, Evonik Industries AG, Styrochem, Sabic,
Total SA, Basf SE, etc. About Inkwood
Research Inkwood Research specializes in
syndicated customized research reports and
consulting services. Market intelligence studies
with relevant fact-based research are customized
across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that
acknowledges the business environments. Our
geographical analysis comprises of North South
America, CEE, CIS, Middle East, Europe, Asia, and
Africa.
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