Polystyrene Foam Market was valued at USD 27.59 Billion in 2022, and it is expected to reach USD 36.92 Billion by 2029, exhibiting a CAGR of 4.25 % during the forecast period (2023-2029)
Polystyrene Foam Market Overview:
The Polystyrene Foam Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Polystyrene Foam Market, as well as the causes for variances in the industry’s growth in various places.
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Polystyrene Foam Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Polystyrene Foam Market Drivers:
The increased desire for eco-friendly products, along with the potential volatility of rising oil costs, has resulted in an increase in the usage of moulded fibre packaging. Polystyrene foam, sometimes known as EPS, is a kind of foam. Polystyrene foam, which is created from petroleum-based polystyrene and a blowing agent for fuel such as pentane or carbon dioxide, is not only hazardous to human health but also to the environment. However, because to its unique composition, EPS cannot always be easily recycled and, if not appropriately processed, might take up space in landfills. EPS, or expanded polystyrene packing, has long been a popular alternative for safeguarding goods in transit.
Consumers are progressively preferring cleaner, more natural packaging with an aesthetically beautiful alternative. Molded fibre, also known as moulded pulp, is a 100% recycled and recyclable packaging alternative to EPS. Molded pulp packaging solutions are a clean, easy, and ecologically responsible packaging option. The increased focus of sustainability has also contributed to the popularity of pulp packaging in recent years. As the globe starts to urbanise, the need for packaging is expected to expand tremendously, necessitating the development of an effective recycling system. The growth of e-commerce will create a demand for consistent package sizes. Customers will place a higher priority on lifestyle trends such as comfort, wellness, and environmental awareness. In the foreseeable future, the growing green alternate replacements markets are likely to reduce demand for EPS foams.
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Polystyrene Foam Market Segmentation:
by Foam Type
Expanded Polystyrene (EPS)
Extruded Polystyrene (XPS)
Others
by End-User
Building & Construction
Packaging
Construction & Industrial Insulation
Others
by Process Type
Extruded
Injection Molded
Vacuum Formed
Others
Polystyrene Foam Market Key Players: The key players are
1. DowDuPont Inc. (US)
2. Drew Foam (US)
3. Flint Hills Resources (US)
4. AFP-sealed air (US)
5. Alpek (Mexico)
6. Carpenter Co. (US)
7. Dart Container Corporation (US)
8. Nova Chemicals Corp (Canada)
9. Jiangsu Leasty Chemicals Co., Ltd. (China)
10.Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China)
11.Taita Chemical Co., Ltd. (Taiwan)
12.Kaneka Corporation (Japan)
13.JSP Corporation (Japan)
14.BASF SE (Germany)
15.Xella International (Germany)
16.Synthos S.A (Poland)
17.Sunpor Kunststoff GmbH (Austria)
18.SUNPOR Kunststoff GmbH (Austria)
19.Versalis S.p.A (Italy)
20.ChovA (Spain)
21.Knauf Insulation (Belgium)
22.SABIC (Saudi Arabia)
23.Arkema S.A. (France)
24.Kingspan Group (Ireland)
25.O. N. Sunde AS (Norway)
Ravago Group (Belgium)
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Polystyrene Foam market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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Key Questions Answered in the Polystyrene Foam Market Report are:
- Which sub-segment had the largest share in the Polystyrene Foam market?
- How is the competitive landscape of the Polystyrene Foam market in 2023?
- Which are the key drivers impacting the Polystyrene Foam market growth?
- Which region holds the maximum share in the Polystyrene Foam market?
- What will be the CAGR of the Polystyrene Foam market during the forecast period (2023-2029)?
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