Future Forecast of Expanded Polystyrene Market

1. Future Forecast of Expanded Polystyrene Market The report "Expanded Polystyrene Market by Product Type (White, Grey, Black), Application (Building & Construction, Packaging), and Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022", The expanded polystyrene market is projected to reach USD 18.97 Billion by 2022, at a CAGR of 5.1% from 2017 to 2022. In this study, 2016 has been considered as the base year for estimating the market size. Browse 174 market data tables and 46 figures spread through 176 pages and in-depth TOC on "Expanded Polystyrene Market by Product Type (White, Grey, Black), Application (Building & Construction, Packaging), and Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2022" https://www.marketsandmarkets.com/Market-Reports/expanded-polystyrene-market-1138.html The expanded polystyrene market is projected to grow at a CAGR of 5.1% from 2017 to 2022, in terms of value. The market is mainly driven by the growing construction and packaging industries in emerging countries. Expanded polystyrene is widely used in the construction industry, due to closed air low thermal conductivity, lightweight (ease of handling), mechanical resistance (insulation in wall structure, roofs & flooring), low water absorption (prevents damage due to humidity), and sound resistance (in offices). Packaging is a major component of a company’s successful marketing strategy, fostered by innovation. The growth of the packaging industry is thus consequently expected to fuel the growth of the expanded polystyrene market. Building & construction: the leading end-use industry segment of the expanded polystyrene market Expanded polystyrene resins are commonly used materials in the building & construction industry. Apart from its application in insulation, expanded polystyrene foam is also used inroad foundations, void forming, flotation, drainage, impact sound insulation, modular construction elements, cellular bricks, bridges, railway lines, public buildings, or even small family residences, among others. Excellent mechanical properties, quick construction/assembly ability, and low subsequent maintenance of expanded polystyrene makes it a preferred material in the building & construction industry. Changing consumer preferences and growing need for technologically-advanced products is expected to boost the market for expanded polystyrene. Grey expanded polystyrene: the fastest-growing product type segment of the expanded polystyrene market Grey expanded polystyrene materials with lesser thermal conductivities but better insulation properties than the white expanded polystyrene have been developed, with the purpose of improving the energy efficiency of the buildings. Graphite, which is used in grey expanded polystyrene, reduces the amount of radiant heat that moves through the expanded polystyrene. The use of graphite in expanded polystyrene helps reduce heat transfer through the material by 9-21%, depending on density. The grey expanded polystyrene segment is projected to witness higher growth than that the white expanded polystyrene segment in the next five years. The expanded polystyrene market in Asia-Pacific is witnessing rapid growth, driven by significant economic growth and infrastructural development in various countries across the region. Increasing activities in the building & construction industry in the region are expected to boost the demand for expanded polystyrene in Asia-Pacific. Key market players in the expanded polystyrene market Key players in the market include ACH Foam Technologies, LLC (U.S.), Alpek SAB de CV (Mexico), BASF SE (Germany), Kaneka Corporation (Japan), SIBUR Holding (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), SUNPOR KUNSTSTOFF GmbH (Austria), Synbra Holding bv (Netherlands), Synthos S.A. (Poland), and Total S.A. (France). Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownload.asp?id=1138

2. Key Target Audience: • • • • • • • • • Manufacturers of Expanded Polystyrene Raw material Suppliers Product Type Providers Industry Associations Traders and Distributors of Expanded Polystyrene Research Institutes and Government Organizations Market Research and Consulting Firms Manufacturers in Applications, such as Building & Construction, Packaging, and Others Environment Protection Agencies Based on Product Type: • • • White Expanded Polystyrene Grey Expanded Polystyrene Black Expanded Polystyrene Based on Application: • • • Building & Construction Packaging Others About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com