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Polystyrene & Expanded Polystyrene Market Report 2019 By Regional Revenue, Growth & Trends Analysis 2025

Author : Rahul Varpe | Published Date : 2019-11-06 

Global Market Insights, Inc. has recently added a new report on Polystyrene & Expanded Polystyrene Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of Polystyrene & Expanded Polystyrene industry.

Global polystyrene & expanded polystyrene market will be propelled by the increasing demand for foaming and insulation applications in building and construction industry by 2025. By using EPS geofoam, architects and engineers are developing the ideal materials to provides the effective solutions for the construction industry. EPS is easy for handling and lowers the total cost of construction. The noteworthy applications of PS & EPS include: slope stabilization, lightweight filler for construction, roadway and runway formation level insulation, etc. Global PS & EPS market for construction segment will grow significantly with a CAGR of approximately 5% by 2025.

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In the year 2017, packaging sector had share of above 30% in global polystyrene & expanded polystyrene market. In recent decade polystyrene has been significantly used as a lucrative solution not only in rigid packaging but also for food packaging. Use of polystyrene in packaging prevents spillage of food and provides good thermal insulation. PS and EPS helps in cost and weight reduction and provides freshness, convenience, aesthetic essential and information. The substantial demand for PS & EPS in packaging applications is expected to grow significantly during the forecast period.

In automobile industry, the trend to replace metal by plastics has been prevailing, due to their higher impact strength, easy moldability, improved aesthetics, scratch resistance, cabin insulation, and lightweight. Transportation segment is expected to be a notable driver for the global polystyrene & expanded polystyrene market during the forecast period.

In 2017, Asia Pacific was leader in the global polystyrene & expanded polystyrene market which has contributed more than 40% market share. This greater share was due to the increase in construction and automotive industries in the region. The growing urbanization and increasing demand for the packaged food will boost the global polystyrene & expanded polystyrene market by 2025.

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Key players involved in PS & EPS market include INEOS Styrolution, BASF SE, ACH Foam Technologies, Total S.A., Trinseo S.A., SIBUR, HIRSCH Servo, Flint Hills Resources, etc. Manufacturers are expanding their business by acquisitions and strategic mergers. For instance, in Sept 2018, the company SABIC acquired the equity interest of 24.99% in a multinational company Clariant AG, which was a remarkable move in the global polystyrene & expanded polystyrene market.

Read More:

Polystyrene and Expanded Polystyrene Market Growth Overview by Construction, Manufacturing And Industrial Sectors, 2025

https://www.marketwatch.com/press-release/antimicrobial-additives-market-2019-by-regional-statistics-cagr-trend-growth-forecast-to-2025-2019-11-06

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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