Trends, Drivers and Vendor Forecasts for 2021-2025
Accelerating at a CAGR of 14%, the polystyrene foam market is expected to post an incremental growth of $ 5.72 bn over the next five years. Arkema SA, BASF SE, Carpenter Co., DuPont de Nemours Inc., Kaneka Corp., SIBUR Holding PJSC, StyroChem, Synthos SA, Wuxi Xingda Group, and Zotefoams Plc are among the key market players. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
Polystyrene Foam Market: Market Segments and Key Trends
The Polystyrene foam market is segmented by Type (EPS and XPS), Application (building and construction, packaging, and others), and Geography (APAC, North America, Europe, MEA, and South America). APAC led the market with 52% of the market growth set to originate from this region during the forecast period. Fluctuating crude oil prices is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Polystyrene Foam Market: Top Drivers to Boost Demand
The Increasing demand for EPS from the packaging sector is one of the primary factors driving the growth of the polystyrene foam market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
Customer landscape
Geographic Landscape
Vendor Landscape
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Polystyrene Foam Market Size to Grow by USD 12.16 bn through 2020-2024
The polystyrene foam market is expected to grow by USD 12.16 bn, accelerating at a CAGR of almost 9% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Polystyrene Foam Market: Segmentation by Type
This report provides a detailed analysis of the market by Type (EPS and XPS), Geography (APAC, Europe, North America, MEA, and South America), and Application (building and construction, packaging, and others). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Polystyrene Foam Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arkema SA, BASF SE, Carpenter Co., DuPont de Nemours Inc., Kaneka Corp., SIBUR Holding PJSC, StyroChem, Synthos SA, Wuxi Xingda Group, and Zotefoams Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Technavio has been monitoring the global polystyrene foam market and it is expected to grow by USD 12.16 billion, accelerating at a CAGR of over 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Polystyrene Foam Market: Segmentation by Type
During 2019, the EPS segment accounted for the major share of the Polystyrene Foam Market. Packaging and building and construction are the major application segments of EPS. The insulated Packaging Market is one such area that is immensely affected by the polystyrene foam market. The key features of EPS in these applications are its thermal stability and high impact resistance. EPS is a widely used thermal insulation polymer with application in architecturally designed energy-efficient buildings. It is extremely versatile, devoid of CFCs and HCFCs, and recyclable. These are the factors that will drive the growth of this industry during the forecast period.
Polystyrene Foam Market: Segmentation by Geography
APAC was the largest Polystyrene Foam Market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 52% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for polystyrene foam in APAC.
Polystyrene Foam Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arkema SA, BASF SE and Carpenter Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
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