Expandable Polystyrene Market Trends and Segments 2014-2020
Future Market Insights has announced the addition of the “Expandable Polystyrene Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020” report to their offering.
Future Market Insights has announced the addition of the “Expandable Polystyrene Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020” report to their offering.
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Global<br />
<strong>Exp<strong>and</strong>able</strong><br />
<strong>Polystyrene</strong> <strong>Market</strong><br />
Share, Global <strong>Trends</strong>,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> Forecast,<br />
<strong>2014</strong>-<strong>2020</strong><br />
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Report Description<br />
<strong>Exp<strong>and</strong>able</strong> polystyrene (EPS) is a thermoplastic resin that contains an exp<strong>and</strong>ing agent. It is<br />
used in various applications ranging from food packaging to electrical coatings <strong>and</strong> medical<br />
supplies. It is environment-friendly as it does not involve any halogen during its production<br />
process. The global exp<strong>and</strong>able polystyrene market is growing at an exponential rate as it caters<br />
to the dem<strong>and</strong> of various industry verticals through sustainable development. <strong>Exp<strong>and</strong>able</strong><br />
polystyrene has an added advantage over moulded pulp. Moulded pulp, though recyclable,<br />
requires a certain amount of natural gas in the drying process, <strong>and</strong> it naturally weighs more,<br />
resulting into increased packaging <strong>and</strong> transportation cost. On the other h<strong>and</strong>, EPS meets most<br />
of the sustainable packaging criteria. It emits less greenhouse gases when compared to moulded<br />
pulp. Taking these benefits into account, governments as well as companies are shifting the<br />
packaging market towards the exp<strong>and</strong>able polystyrene segment. The global exp<strong>and</strong>able<br />
polystyrene market had witnessed 1.5X times growth in between 2000 <strong>and</strong> 2010.<br />
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Building & construction, <strong>and</strong> packaging are the two important end-use segment market for<br />
exp<strong>and</strong>able polystyrene. Together, they contribute 95% market share of the global exp<strong>and</strong>able<br />
polystyrene market. The rise in the dem<strong>and</strong> for processed foods is increasing the exp<strong>and</strong>able<br />
polystyrene dem<strong>and</strong>s in the food & beverages industry. In terms of revenue, this industry<br />
accounts for the largest market share in the global exp<strong>and</strong>able polystyrene market. The next<br />
potential segment is building & construction. With major market economies such as China, India<br />
<strong>and</strong> GCC witnessing a major surge in infrastructure investment, the exp<strong>and</strong>able polystyrene<br />
market is set to grow at an accelerated pace. <strong>Exp<strong>and</strong>able</strong> polystyrene has been the prime choice<br />
for the construction of green buildings.
Report Description<br />
It enhances the durability of buildings, <strong>and</strong> finds its application in insulating closed cavity walls<br />
<strong>and</strong> floor insulation. These major economies will see a surge in infrastructure investment in the<br />
coming decades. It is because of this added advantage that market is set to proliferate at an<br />
exponential rate. Another profitable segment is the electronics domain. Capacitors <strong>and</strong><br />
electronic components are the main portions of electronics application segment that will push<br />
the exp<strong>and</strong>able polystyrene market vertically upward at a CAGR of 4.5% between <strong>2014</strong> <strong>and</strong><br />
<strong>2020</strong>. Refrigerators, microwaves, electrical coatings are the major application for EPS in the<br />
electronics segment.<br />
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Geographically, the APAC market st<strong>and</strong>s to be the global leader in production <strong>and</strong> consumption<br />
in the EPS market. Almost half of the total global production happens in the APAC region, <strong>and</strong><br />
45% of it is consumed in global emerging economies such as India <strong>and</strong> China. In the APAC<br />
region, China will be the most preferred destination primarily due to the rising dem<strong>and</strong> of<br />
packaging in the food & beverages, <strong>and</strong> electronics industry. China <strong>and</strong> India are the global<br />
leaders in maritime trade. This will boost the packaging industry. China alone accounts for 37%<br />
of the global EPS market in terms of volume. As China has a strong hold in the electronics<br />
segment <strong>and</strong> is a major exporter of electronic devices, the EPS market is set to flourish in<br />
China. India, along with Malaysia <strong>and</strong> Philippines, will be the next major market for EPS<br />
primarily due to heavy infrastructure investment across various industry verticals. Europe<br />
followed by Latin America <strong>and</strong> North America are the other potential markets for EPS. North<br />
America has reached its saturation point in global EPS market <strong>and</strong> therefore its market growth<br />
will be stagnant in coming few years. While Europe will witness a surge in the market due to<br />
the rising dem<strong>and</strong> of pharmaceutical industries, Latin America will be a preferred destination
Report Description<br />
BASF SE, Nova Chemicals Corporation, Synthos S.A, Owens Corning, <strong>and</strong> INEOS Styrenics<br />
are some of the leading manufacturers of EPS.<br />
Browse full report: http://www.futuremarketinsights.com/reports/global-exp<strong>and</strong>ablepolystyrene-market<br />
The global EPS market is set to grow at a moderate CAGR in the coming years. China,<br />
Europe, Brazil <strong>and</strong> India will be the major preferred destinations for the EPS market. Low<br />
weight, durability, moisture resistance, thermal efficiency, shock absorption, versatility<br />
<strong>and</strong> ease of use are some characteristics of EPS which are tempting various industry<br />
verticals to shift base to EPS. Though the EPS market is promising, major restraining<br />
factors are the availability of high performance substitutes including polypropylene <strong>and</strong><br />
polyethylene.
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