Expanded Polystyrene Market

Expanded Polystyrene Market - Global Market Share, Trends, Analysis and Forecast 2023 – 2032
Frequently asked questions about this report

The expandable polystyrene (EPS) market is estimated to expand at a CAGR of 4.2% from 2023 to 2032.

The expandable polystyrene (EPS) market was estimated to be US$ 19.67 Billion in 2022.

The global expandable polystyrene (EPS) market is driven by few key factors, including the increasing demand for EPS in packaging, construction, automotive, electrical and electronics industries due to its versatility and cost-effectiveness and environmental regulations and sustainability concerns.

North America is one of the largest markets for expandable polystyrene, owing to the high demand from the packaging industry.

The packaging segment is the largest market owing to the increasing demand for EPS foam packaging material for various applications such as food and beverage packaging, electronic goods, and healthcare products.

BASF SE, Dow Inc., INEOS Styrolution, Knauf Industries, Kaneka Corporation, NOVA Chemicals Corporation, SABIC, SCG Chemicals Co., Ltd., Synthos S.A., Total S.A., Trinseo LLC, Versalis S.p.A., Wanhua Chemical Group Co., Ltd., StyroChem, Sunpor Kunststoff GmbH., among others are the prominent players operating in this market.

The fastest-growing segment is the molded parts segment, primarily due to its increased usage in various applications, including electronics packaging, protective packaging, and consumer goods packaging.