Expanded Polystyrene Market worth USD 22.8 billion by 2026 with 5.1% CAGR from 2019 to 2026

Global expanded polystyrene market was $15.3 billion in 2018, and is anticipated to reach $22.8 billion by 2026, registering at a CAGR of 5.1% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.

The global expanded polystyrene market market is analyzed acrossvarious regions such as North America, Europe, Asia-Pacific, and LAMEA. Themarket across the Asia-Pacific region is projected to portray the highest CAGR of 5.6% during the forecast period. In addition, the market region also dominated the market in 2018, accounting for nearly half of the market.


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Global Expanded polystyrene market is divided on the basis of product type,end-user industry, and region. Based on product type, the expanded polystyrene market is divided into white, grey, and black. The white segment dominated the market in 2018, accounting for more than half of the market. However, the grey segment is projected to manifest the highest CAGR of 6.0% during the forecast period.

Based on end-user, the market analysis is divided on the basisof packaging, building & construction, domestic appliances, consumerelectronics, medical, and others. The packaging segment held the largest revenue in 2018, accounting for more than one-third of the market. However, the building and construction segment is projected to manifest the highest CAGR of 6.3% during the forecast period.

KeyPlayers


1. Alpek, S.A.B. de C.V.

2. Arkema S.A.

3. BASF SE

4. Evonik Industries AG

5. Kaneka Corporation

6. LG Corporation

7. NOVA Chemical Corporation

8. SABIC

9. Styrochem

10. TOTAL S.A.


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Development in the buildingand construction industry and increase in demand for lightweight materials inthe automobile industry drive the growth of the global expanded polystyrene market. On the contrary, fluctuations in crude oil, and availability of high-performance substitute products hinder the market growth. However, involvement of injection molded process would open new opportunities in the coming years.


Key offerings of thereport:

· Key drivers & Opportunities: Detailedanalysis on driving factors and opportunities in different segments forstrategizing.

· Current trends & forecasts: Comprehensiveanalysis on latest trends, development, and forecasts for next few years totake next steps.

· Segmental analysis: Each segment analysis anddriving factors along with revenue forecasts and growth rate analysis.

· Regional Analysis: Thorough analysis of eachregion help market players devise expansion strategies and take a leap.

· Competitive Landscape: Extensive insights oneach of the leading market players for outlining competitive scenario and takesteps accordingly.

The global expandedpolystyrene market market report includes an in-depth analysis of the majormarket players such as Alpek, S.A.B. de C.V., Arkema S.A., BASF SE, Evonik Industries AG, Kaneka Corporation, LG Corporation (LG Corp), NOVA Chemical Corporation, SABIC, Styrochem, and TOTAL S.A. Among these, BASF SE, Evonik Industries AG, Kaneka Corporation, LG Corporation (LG Corp), and NOVA Chemical Corporation.


Get Full Summary of This Report @ https://www.alliedmarketresearch.com/expanded-polystyrene-eps-market


About Us

Allied Market Research (AMR) is a marketresearch and business-consulting firm of Allied Analytics LLP, based inPortland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterpris.


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