Increasing Use of Expanded Polystyrene Market in New and Emerging Applications


Posted August 21, 2018 by abhijeetw1

The global expanded polystyrene market is projected to reach USD 18.97 Billion by 2022, at a CAGR of 5.1% from 2017 to 2022.

 
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.

Building & construction is estimated to be the largest segment of the market in 2017, in terms of volume, followed by the packaging segment. The rising demand for new and innovative products, and need for research & development in expanded polystyrene has led to companies adopting organic and inorganic growth strategies to increase their market shares.

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White expanded polystyrene estimated to be the leading product type segment of the market. The demand for white expanded polystyrene is driven by the adoption of expanded polystyrene in various applications. White expanded polystyrene is a rigid, closed-cell foam plastic. It has persistent thermal properties, stable dimensions for varied end use, excellent mechanical properties, recyclable, and non-corrosive.

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.

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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.

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

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Issued By marketsandmarkets
Country United States
Categories Business , Industry , Manufacturing
Tags expanded polystyrene , expanded polystyrene market
Last Updated August 21, 2018