Research Nester assesses the growth and market size of global expanded polystyrene market which is anticipated to be on account of the increasing demand from end-use industries and increasing demand for automotive.

New York – July 17, 2023 - Research Nester’s recent market research analysis on “Expanded Polystyrene Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global expanded polystyrene market in terms of market segmentation by density, end user, and by region.

Growth in the Demand for Lightweight Automotive Components to Promote Global Market Share of Expanded Polystyrene
The demand for energy-efficient construction materials, including EPS, is driven by factors such as stricter building codes and regulations, incentives for green building practices, and a growing awareness of the environmental impact of buildings. Additionally, consumers are increasingly seeking energy-efficient homes and buildings that offer reduced energy bills and a smaller carbon footprint.
The increasing demand for energy-efficient construction materials, including EPS, is expected to drive the growth of the EPS market. As construction practices and regulations continue to emphasize energy efficiency, the demand for EPS insulation is likely to rise in both new construction and retrofit projects. The construction industry's expansion fuels the demand for EPS insulation materials due to their thermal insulation properties, energy efficiency benefits, and cost-effectiveness. As automakers strive to improve fuel efficiency and reduce emissions, EPS is used in lightweight automotive components, such as interior parts and impact protection systems, to enhance fuel economy and vehicle performance.

Some of the major growth factors and challenges that are associated with the growth of the global expanded polystyrene market are:
Growth Drivers:
• Increasing E-commerce Industry
• Expansion of the Construction Industry
Challenges:
Regulatory bodies have implemented measures to address the environmental impact of EPS. Some regions have banned or restricted the use of EPS in certain applications, particularly in single-use packaging. These regulations pose challenges for the EPS industry, requiring manufacturers to adapt and innovate to meet evolving environmental standards.

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The high density segment is to garner a highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. HD-EPS finds significant application in the automotive industry for components such as bumpers, door panels, and impact protection systems. As automotive production increases, driven by factors like rising disposable income and technological advancements, the demand for HD-EPS as a lightweight, durable material for safety-related components is expected to grow. HD-EPS is used in the construction sector for insulation purposes, particularly in applications requiring higher compressive strength. As construction activity expands, driven by urbanization, infrastructure development, and energy efficiency requirements, the demand for HD-EPS insulation in commercial and industrial buildings is expected to rise.
By region, the Europe expanded polystyrene market is to generate a notable revenue by the end of 2035. Europe is focused on reducing packaging waste and promoting a circular economy. EPS manufacturers are investing in recycling technologies and developing EPS products with recycled content to meet the growing demand for sustainable packaging materials. Europe has a significant number of aging buildings, leading to increased renovation and retrofitting activities. EPS insulation is widely used in building renovation projects, contributing to energy efficiency improvements and sustainability goals.

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This report also provides the existing competitive scenario of some of the key players of the global expanded polystyrene market which includes company profiling of BASF SE, Dow Chemical Company, Synthos S.A., TotalEnergies SE, StyroChem International, SABIC, NOVA Chemicals Corporation, Kaneka Corporation, Alpek S.A.B. de C.V., and SEKISUI Chemical Co., Ltd., and others.

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