Extruded polystyrene insulation is manufactured through a continuous extrusion process
Market Overview
Features a closed-cell structure with smooth skin on top and bottom of the board
Primarily used for thermal insulation in construction applications
Growing demand driven by energy efficiency requirements and green building initiatives
Market Value & Growth Projections
Market Statistics:
2023: USD 5,745.10 million
2032 Projection: USD 7,829.98 million
Global CAGR: 3.50% (2023-2032)
North America Market: USD 1,588.18
million in 2023
North America CAGR: 3.00% (2024-2032)
Key Market Drivers:
Growing demand for energy-efficient insulation in construction
Adoption of green building regulations and sustainability initiatives
Increasing infrastructure development and urbanization
Innovation in manufacturing processes
Retrofitting existing buildings for energy efficiency
Market Segmentation
By Type
The Dow Chemical Company
Key Market Players
Ursa
Synthos
Regional Market Analysis
North America:
USD 1,588.18M (2023), 3.00% CAGR; Focus on wall heat preservation and roof applications
Europe: Strong market driven by stringent energy efficiency regulations;
Key countries: Germany, UK, France
Asia-Pacific: High growth potential; Key countries: China, India; Driven by expanding construction sector
Middle East & Africa: Increasing adoption; Rising urbanization and infrastructure development
South & Central America: Growing awareness; Emerging demand for energyefficient building materials
