$ 32.2 Billion Styrofoam Market by 2026
CHICAGO, May 7, 2021 / PRNewswire / – According to New Market Research Report “Polystyrene Foam Market by resin type (EPS AND XPS), end-use industry (industrial construction and insulation, packaging, building and construction), region (APAC, Europe, North America, South America, and Middle East & Africa) – Global forecasts until 2026 “, published by MarketsandMarkets ™, the global polystyrene foam market size will grow to $ 32.2 billion by 2026 from $ 26.4 billion in 2021, at a CAGR of 4.1% over the period 2021-2026.
Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231315126
Browse the table of contents in depth at “Polystyrene foam market”
154 – Tables
63 – Figures
206 – Pages
See the detailed table of contents here: https://www.marketsandmarkets.com/Market-Reports/polystyrene-foam-market-213115126.html
EPS is expected to be the largest type of resin in the styrofoam market.
EPS is the largest type in the polystyrene foam market in terms of volume. EPS is a lightweight thermoplastic material with special properties due to its structure which helps protect the product from damage. Growing building and construction and packaging industries in developing countries are driving the EPS market. EPS is an excellent material for applications in these industries, as it is a light but stiff foam with good thermal insulation and high impact resistance. However, the volatility of crude oil prices and the availability of efficient substitutes are holding back market growth. The easy recyclability of polystyrene products is expected to provide opportunities for the growth of the EPS market during the forecast period.
Building and construction is the fastest growing type of pigment in the styrofoam market.
Building and construction is the fastest growing end-use industry in the polystyrene foam market, in terms of both value and volume. Polymer foams are used in the building and construction industry for forging, pipes in pipes, doors, roof panels and slabs. PU is the dominant foam used in the building and construction industry for insulation. It has a low coefficient of thermal conduction, low density, low water absorption and relatively good mechanical strength and insulating properties, which is useful in building and construction industry.
Request sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=231315126
APAC is the world’s largest polystyrene foam market.
APAC is expected to dominate the polystyrene foam market and this dominance is expected to continue until 2026. China is the key market in the region, consuming almost half of the market demand for polystyrene foam. The region is seen as a lucrative market for the growth of the Styrofoam market. The increase in foreign investment increases the overall demand for the polystyrene foam market. Outside the big countries like China, India, and South Korea, countries like Indonesia and Thailand attract attention and develop at a rapid pace.
The main players presented in the Polystyrene Foam Market report are Loyal Group (China), Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China), BASF SE (Germany), Synthos (Poland), Jiangsu Leasty Chemicals (China), Sunpor Kunststoff GmbH (Austria), Versalis SpA (Italy), BEWiSynbra Group (Sweden) and Ravago (Luxembourg).
Get 10% Free Personalization on This Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231315126
Browse adjacent markets: Chemical market research Reports & Consulting
Polymer Foam Market by resin type (PU, PS, PO, phenolic), foam type (rigid, flexible), end-use industry (building and construction, packaging, automotive, furniture and bedding, footwear, sports and leisure) and region – Global forecasts to 2025
Expanded polystyrene (EPS) market by product type (white, gray, black), end-use industry (building and construction, packaging, others) and region (Asia Pacific, Europe, North America, Middle East & Africa, South America) – Global forecasts until 2023
Extruded Polystyrene Market by application (foundation (basement and basement), roof, wall, floor and ceiling), end use (residential, commercial), region (Europe, North America, APAC, Middle East & Africa, South America) – Global forecasts until 2024
About MarketsandMarkets ™
MarketsandMarkets ™ provides quantified B2B research on 30,000 high growth niche opportunities / threats that will impact 70% to 80% of global business revenues. Currently serving 7,500 clients worldwide, including 80% of global Fortune 1000 companies as clients. Almost 75,000 senior executives from eight industries around the world approach MarketsandMarkets ™ for their issues related to revenue decisions.
Our 850 full-time analysts and SMEs at MarketsandMarkets ™ monitor high-growth global markets according to the “Growth Engagement Model – GEM”. The GEM aims to proactively collaborate with clients to identify new opportunities, identify the most important clients, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets ™ now offers 1,500 MicroQuadrants (positioning the best players among leaders, emerging companies, innovators, strategic players) each year in emerging high growth segments. MarketsandMarkets ™ is committed to benefiting over 10,000 businesses this year with revenue planning and helping them bring their innovations / disruptions to market quickly by providing them with cutting edge research.
MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for a deeper understanding of unmet information as well as market size and forecasts of niche markets.
Mr. Ashish Mehra
Markets and Markets ™ INC.
630 Dundee Road
Northbrook, Illinois 60062
United States: + 1-888-600-6441
E-mail: [email protected]
Visit our website: https://www.marketsandmarkets.com/
Source of content:https://www.marketsandmarkets.com/PressReleases/polystyrene-foam.asp
SOURCE Markets and Markets