According to the report titled ‘GLOBAL Expanded Polystyrene (Eps) Market 2019-2028’, available with Market Study Report, global expanded polystyrene market is speculated to record 5.68% CAGR in terms of revenue and 4.92% CAGR by volume over 2019-2028.
 

Exceptional properties of product which make it extensively useful across building & construction sector as well as for packaging is prevalently spurring the growth of global expanded polystyrene (EPS) market.
 

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Although increased demand for light materials from automotive vertical will generate revenues for the market, but easy availability of alternatives, and instability in crude oil prices will act as major restraints for the business scenario.
 

Based on type, worldwide expanded polystyrene market is divided into white, black, and grey. Various end-user verticals include automotive, packaging, medical, building & construction, consumer electronics, domestic appliances, and others.
 

From the regional frame of reference, Asia Pacific captured majority of global expanded polystyrene (EPS) industry share in the recent past and is projected to record the highest growth rate through 2028. Rising demand for EPS insulation owing to increase in construction & renovation activities, alongside surging real estate ownership are creditable for this growth.
 

Moreover, introduction of policies by governments of nations across the region for promoting energy efficient practice will stimulate the expansion of expanded polystyrene business scenario in APAC.
 

Key players influencing the global expanded polystyrene market trends are LG Corporation, Kaneka Corporation, Saudi Basic Industries Corporation (SABIC), Arkema S.A, Jackon GmbH, BASF SE, NOVA Chemicals Corporation, Ravago Group, StryoChem Canada Ltd. (WinCup Inc.), Evonik Industries AG, Sunpor Kunststoff GmbH, Alpek S.A.B. de C..V., and BEWiSynbra Group AB.