Expanded Polystyrene Market Analysis, Size, Growth, Share & Forecast to 2027 | Grand View Research Inc.
“Expanded Polystyrene Market Size Worth $13.66 Billion By 2027�
The global expanded polystyrene market size is projected to reach approximately USD 13.66 billion by 2027, according to a new report conducted by Grand View Research, Inc. It is expected to register a revenue-based CAGR of 4.8% during the forecast period. High number of millennials and nuclear families along with increasing disposable income is anticipated to positively impact the consumption of single use expanded polystyrene (EPS) containers provided by food outlets and takeaway stations. These factors are expected to significantly drive the EPS market. In addition, innovation in automotive sector including light weight and fuel efficient car manufacturing is anticipated to propel to the demand for expanded polystyrene over the forecast period. The demand for EPS in packaging industry is projected to expand at a CAGR of 4.9% from 2020 to 2027. High rate of manufacturing capabilities across developing nations, rising exports, and future growth in high rate of e-commerce business are some of the factors projected to continue driving the demand for packaging products over the next nine years, which in turn is anticipated to fuel the EPS market.
The rise in inward migration in regions like Europe and North America will eventually increase the rate of residence complexes aided by employment and spending capabilities among consumers, which will surge the growth of construction sector as well as fuel the demand for expanded polystyrene over the projected period. Rising awareness regarding green building and encouragement from governme nts for its adoption is anticipated to fuel the demand for EPS in the forthcoming years.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/expanded-polystyreneeps-market Further key findings from the repot suggest:
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Demand for EPS in North America will surge in accordance with growth in automotive and packaging sector. Mature markets such as U.S. have expanding client request, greater interest in terms of innovations, as well as implementation of designs, which is anticipated to further drive the growth
Middle East and Africa is expected to witness significant rise in demand with rising focus on exports of apparels, citrus fruits, foodstuffs, electronic equipment, and jewelry
White EPS demand will increase over the projected period as emerging markets are investing on developing manufacturing and packaging plants for global and domestic trade
Grey EPS is set to witness a CAGR of 4.5% from 2020 to 2027 in terms of revenue on account of its application in construction of residential buildings. The properties of insulation derived from graphite mixed expanded polystyrene is a key driver for its growth
Some of the key players operating in the expanded polystyrene market are BASF, SABIC, DOW chemicals, NOVA Chemicals, TOTAL SA, Versalis S.P.A., Unipol Holland BV, Ravago group, Alpek S.A.B. De Cv, Styrochem, Brodr Sunde group, Synthos SA, Sunpor Kunststoff GMBH, Kaneka Corporation, and ACH foam technologies
Grand View Research has segmented the global expanded polystyrene market on the basis of product, application and region: Expanded Polystyrene Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) White
Grey
Expanded Polystyrene Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) Construction
Packaging
Automotive
Others
Expanded Polystyrene Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) North America o
U.S.
Europe o
Germany
o
U.K.
Asia Pacific o
China
o
India
Central & South America o
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Brazil
Middle East & Africa
Table of Content Chapter 1 Methodology & Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 Assumptions 1.4 List of Data Sources 1.5 List of Abbreviations Chapter 2 Executive Summary Chapter 3 EPS Market Variables, Trends & Scope 3.1 Market segmentation & scope 3.2 Penetration & growth prospect mapping 3.3 Value chain analysis 3.4 Raw material trends 3.4.1. Benzene 3.4.2. Crude oil 3.4.3 Natural Gas 3.5 Technical overview 3.6 Regulatory Framework 3.6.1. Montgomery council, Maryland. 3.6.2. San Luis Obispo Municipal Code Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact:
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Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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