Expanded Polystyrene Market (By Product – White, Grey. By Application – Construction, Packaging, Automotive, Others. By Geography – North America, South America, Europe, Asia Pacific, Middle East and Africa.) - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031. Post-Covid Analysis

The Global Expanded Polystyrene Market was valued at $10.1 Billion in 2020. Growing at a high CAGR of more than 3.2% between 2021 and 2031, it is estimated to reach $14.5 Billion by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased demand for sustainable and lightweight solutions that helps to provide extreme durability along with improved thermal insulations will help to accelerate the growth of this market during the forecasted period.

Global Expanded Polystyrene Market Is Estimated To Witness Remarkable Growth

Source: SAI Research

The Global Expanded Polystyrene Market has been segmented into product and application on the basis of product Global Expanded Polystyrene Market has been segmented into White, Grey. On the basis of application Global Expanded Polystyrene Market has been segmented into Construction, Packaging, Automotive, Others.

By Region, Asia Pacific Is Holding the Major Market Share

The Global Expanded Polystyrene Market has been geographically segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa. In addition to this, Asia Pacific Global Expanded Polystyrene Market is holding the largest market share at present and is estimated to witness a high compound annual growth rate during the upcoming forecasted period. this is because the ascending demand for the products from the main applications like construction, packaging, automotive in developing countries like India and China has led this region to dominate the market. Besides this South America is also going to witness remarkable growth during the forecasted period.

Major Players in Global Expanded Polystyrene Market

Some of the key players in the Global Expanded Polystyrene Market include BASF SE, KANEKA CORPORATION, Total, NOVA Chemicals Corporate, Ravago, SABIC, INEOS STYROLUTION GROUP GmbH, Synthos, Wuxi Xingda, PJSC Sibur Holding, BEWiSynbra Group, Flint Hills Resources, Unipol Holland B.V., Versalis S.p.A., Brodr. Sunde.

The Global Expanded Polystyrene Market Has Been Segmented Into:

Global Expanded Polystyrene Market, By Product

• White
• Grey

Global Expanded Polystyrene Market, By Application

• Construction
• Packaging
• Automotive
• Others

Global Expanded Polystyrene Market, By Region

• North America
• USA
• Canada
• Mexico
• Rest of North America
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific
• Latin America, Middle East & Africa
• Brazil
• South Africa
• UAE
• Rest of LAMEA