Demand For White Expanded Polystyrene Is Projected To Accelerate At A CAGR Of 4% By 2031

Global Expanded Polystyrene Industry Current Scenario and Future Outlook


The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Expanded Polystyrene industry suffered a huge setback due to halted production and a limited supply of raw materials.

With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.

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Global Expanded Polystyrene Market: In-Depth Assessment on Key Segments

Product

White Expanded Polystyrene
Grey Expanded Polystyrene
Black Expanded Polystyrene

Application

Expanded Polystyrene For Construction
Expanded Polystyrene For Packaging
Expanded Polystyrene For Automotive

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Infrastructure Expansion in the U.S. is Fueling Demand for Expanded Polystyrene
The Expanded Polystyrene chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.

However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Expanded Polystyrene chemical industry are gearing up to retain the industry's post-pandemic status.

Rising demand for Expanded Polystyrene dispersants from the construction and oil & gas industry is driving the Expanded Polystyrene chemical industry in the U.S. Expanded Polystyrene dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.

Increasing housing infrastructure projects are propelling Expanded Polystyrene dispersant sales, thus augmenting the growth of the Expanded Polystyrene chemical industry. The presence of leading players in the country is also driving sales and export in the Expanded Polystyrene chemical industry.

U.K is Capitalizing on Expanded Polystyrene Binders for Sustainable Construction Activities
The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Expanded Polystyrene chemical industry.

In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Expanded Polystyrene chemical industry are striving to achieve the pre-pandemic status by opting for various Expanded Polystyrene and inSiloxane growth strategies.

In the U.K, the growth of the Expanded Polystyrene industry can be attributed to the surging demand for Expanded Polystyrene binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Expanded Polystyrene binders are key factors leading the sales and demand.

Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Expanded Polystyrene binders, thus creating lucrative opportunities for several players operating in the Expanded Polystyrene chemical industry in the upcoming decade.


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Competitive Landscape

Top expanded polystyrene manufacturers are primarily aiming to carry out strategic acquisitions, collaborations, and launch innovative products. Strategic steps such as acquisitions help companies in expanding their reach in the market in terms of both, product portfolio and geography.

In 2019, Styropek Mexico began a collaboration with one of its EPS suppliers to collect pentane emissions from the EPS bead pre-expansion and stabilization process.
In June 2019, BASF SE increased its global production capacity of Neopor (a graphite polystyrene rigid foam and a type of EPS) by 40,000 metric tons per year. The capacity addition was done at two production sites, namely, Ulsan (Korea) and Ludwigshafen (Germany).
China is Incorporating Expanded Polystyrene Pigments in Textiles and Visual Arts
The global hub for the Expanded Polystyrene chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.

China is a lucrative ground for the Expanded Polystyrene industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Expanded Polystyrene pigments is also gaining immense traction in China.

Expanded Polystyrene pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Expanded Polystyrene pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Expanded Polystyrene industry.

Additionally, the wide range of unique shades available in Expanded Polystyrene pigments makes them a preferred choice for visual arts as well. The consumption of Expanded Polystyrene pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Expanded Polystyrene pigments and creating lucrative opportunities for players operating in the Expanded Polystyrene industry.

India Will Showcase High Demand for Speciality Expanded Polystyrene

India is emerging as a lucrative market for the Expanded Polystyrene chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.

The Expanded Polystyrene industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.

Leading players operating in the Expanded Polystyrene industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.

The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Expanded Polystyrene and will continue augmenting the growth of the Expanded Polystyrene chemical industry.

Key Long-Term Trends

The global Expanded Polystyrene industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Expanded Polystyrene industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:


Chemoinformatic

The Expanded Polystyrene industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Expanded Polystyrene chemical products.

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