Global Expanded Polystyrene Market 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR13177

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This market research study identifies Alpek, The Dow Chemical Company, Kaneka, Synthos, and Total as the leading players in the global expanded polystyrene market. A comprehensive analysis of this market is also presented by the application (building and construction, packaging, and others) and by geography (APAC, Europe, North America, and ROW).

Overview of the global expanded polystyrene market

According to Technavio's global expanded polystyrene research report, the market will grow at a steady rate and post a CAGR of more than 6% during the forecast period. The increasing demand for expanded polystyrene from the packaging industry will drive the expanded polystyrene market growth throughout the projected period. The market is witnessing a huge adoption of EPS packaging materials in many industries due to the rising need to protect products during transportation and to produce standard units for transportation. EPS foam packaging is increasingly used to protect the delicate nature of electronic products and food items such as eggs, meat, fish, and poultry to increase their shelf-life. EPS saves resources of energy, transportation, and materials, and prevents food wastage by protecting the food. Furthermore, since expanded polystyrene foam and extruded polystyrene (XPS) are enormously light in weight in nature and their carbon footprint is lower than many other packaging materials, the market will experience significant growth in the forthcoming years. 

The growing focus of manufacturers towards the production of bio-based flexible foams is one of the key expanded polystyrene market trends that will gain traction in the market. Factors such as the necessity to minimize the harmful effects of chemicals, the increasing focus on enhancing the portfolio with green products, and the popularity of sustainable methods of production will drive key players to adopt bio-based flexible foams, which in turn, will drive the growth prospects of the expanded polystyrene market.

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Competitive landscape and key vendors

The global expanded polystyrene market comprises of a large number of key players, and is highly- competitive. The major players maintain a vast geographical presence and have large production facilities across the world. Vendors are increasingly competing against each other based on factors such as innovation, price, operational cost, and product quality. Small vendors are increasingly focusing on offering products at lower prices. Vendors with better financial and technological resources can withstand the changes in market conditions and have a competitive edge over the other players.

Key vendors in this market are:

  • Alpek
  • The Dow Chemical Company
  • Kaneka
  • Synthos
  • Total

Other prominent vendors in the market include ACH Foam Technologies, BASF, NOVA Chemicals, SIBUR, StyroChem, SUNPOR KUNSTSTOFF, and Synbra Holding B.V.

Segmentation by application and analysis of the expanded polystyrene market

  • Building and construction
  • Packaging

The building and construction segment accounted for the majority shares of the global expanded polystyrene market during 2016. The rising downstream demand from the building and construction industry will fuel the preference for EPS among various application-based manufacturers. Factors such as the increasing number of research and developmental activities, the rising number of product launches, the entry of new vendors, and the adoption of expansion strategies by several vendors will boost the demand for EPS in this segment.

Segmentation by geography and analysis of the expanded polystyrene market

  • APAC
  • Europe
  • North America
  • ROW

APAC dominated the global EPS market during 2016 and the region will continue to dominate the market during the projected period as well. Factors such as the growth in population, the rising number of packaging industries, and stabilizing constructions, will boost the market's growth prospects in this region.

Key questions answered in the report include

  • What will the expanded polystyrene market size and the growth rate be in 2021?
  • What are the key factors driving the global expanded polystyrene market?
  • What are the key market trends impacting the growth of the global expanded polystyrene market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global expanded polystyrene market?
  • What are the market opportunities and threats faced by the vendors in the global expanded polystyrene market?
  • What are the trending factors influencing the expanded polystyrene market shares of APAC, Europe, North America, and ROW?
  • What are the key outcomes of the five forces analysis of the global expanded polystyrene market?

Technavio also offers customization on reports based on specific client requirement.

Expanded polystyrene is made from solid beads of polystyrene, which are thermoplastic resins produced from the emulsion polymerization of the monomer, styrene. This Technavio's market research report for the chemical industry combines a wide range of product markets including metals and minerals, olefins, plastics, polymers, and elastomers and bio-chemicals and bio-materials. Also, in order to offer a comprehensive collection of market research reports that will support players in the chemical industry increase their revenue shares, market research analysts at the market research firm Technavio also consider into account multiple elements such as the change in consumer preferences, factors affecting market growth, and the innovations in products by the major market competitors.

Global Expanded Polystyrene Market SizeBy implementing a collaborated approach of proven research techniques, Technavio identifies the industry's growth prospects, which will support clients in the plastics, polymers, and elastomers sector to infer effective growth strategies. This upcoming report on the inspection expanded polystyrene market also considers the growth of the similar markets such as the conductive polymers market and hydrocolloid market, which are expected to project a CAGR of above 9% and more than 5%, respectively during the period 2017 to 2021. According to our market research analysts, OEMs such as automotive manufacturers are shifting their manufacturing operations to developing countries like Brazil, China, Russia, Turkey, Indonesia, South Korea, Mexico, and India due to factors such as the availability of land, low transportation costs, and lenient government norms. This, in turn, is expected to contribute significantly to the growth of the expanded polystyrene market during the next four years.

The upcoming industry research report for the expanded polystyrene market also identifies the major drivers, forthcoming trends, coupled with the impending challenges currently experienced by vendors in the plastics, polymers, and elastomers sector. 

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Five forces analysis

PART 06: Market landscape

  • Market size and forecast

PART 07: Market segmentation by application

  • Global EPS market by application
  • Global EPS market in building and construction
  • Global EPS market in packaging
  • Global EPS market in other applications

PART 08: Regional segmentation

  • Global EPS market by region
  • EPS market in APAC
  • EPS market in Europe
  • EPS market in North America
  • EPS market in ROW

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Impact of drivers on key geographic segments
  • Market challenges
  • Impact of challenges on key geographic segments

PART 11: Market trends

  • Increasing number of manufacturers in APAC
  • Growing focus on production of bio-based flexible foams
  • Growth in construction industry

PART 12: Vendor landscape

  • Competitive scenario
  • Key market vendors
  • Other prominent vendors
  • Alpek
  • The Dow Chemical Company
  • Kaneka Corporation
  • Synthos
  • Total

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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