The Expanded Polystyrene (EPS) Market is expected to grow at > 5.2% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Expanded Polystyrene (EPS) Market
Expanded Polystyrene (EPS) Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The most contributing factor driving the demand for expanded polystyrene material is the continuous growth in the construction and packaging industries, especially in developing countries, which in turn, is driving the growth of the market.
Asia-Pacific is estimated to be the largest as well as fastest-growing expanded polystyrene (EPS) market during the forecast period, driven by various government proposals for improving public infrastructure and the rising cash-intensive non-residential construction. Also, developing countries of the region have several upcoming building & construction projects.
Wish to get a free sample? Click here:
Market Scope & Market Segmentation
Expanded Polystyrene (EPS) Market Share: By Product Type
Based on the product type, the market is segmented as white EPS, grey EPS, and black EPS. White EPS is expected to be the largest segment during the forecast period, driven by its excellent thermal and mechanical properties, stable dimensions for end-use, non-corrosive nature, and easy recyclability.
Expanded Polystyrene (EPS) Market Share: By End-Use Industry Type
Based on the end-use industry type, the expanded polystyrene (EPS) market is segmented as building & construction, packaging, and others. The building & construction industry segment dominates the market, as EPS is the supreme choice for green building and provides maximum energy efficiency, improved indoor environmental quality, and enhances durability.
Go through the Table of Contents:
Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
Know more about us:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as Advanced Materials, Aerospace & Defense, Automotive & Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our market veterans make sure to have a deep research about the topics so that the most useful and authentic insights can be delivered to the professionals.