The growth of the construction and packaging industries in developing countries is estimated to propel the market growth.
The global Expanded Polystyrene (EPS) Market is expected to reach USD 23.70 Billion by 2026, according to a new report by Reports and Data. Expanded Polystyrene (EPS) is the commonly used industry name for rigid material produced from the expanded polystyrene beads. EPS is a rigid, lightweight, plastic foam insulating material made from solid beads of polystyrene.
The increasing prominence of insulation property in the building & construction sector of developed economies comprising China and India is anticipated to support the usage of high-quality polymers. Moreover, an increase in spending for enhancing the longevity of residential buildings and commercial complexes in extreme, external environmental conditions is projected to stimulate the market demand for expanded polystyrene.
To receive a sample copy of the global Expanded Polystyrene (EPS) market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1012
Key companies profiled in the report:
- BASF SE,
- C. Adeplast S.A.,
- Sunpor Kunststoff GmbH,
- Ineous Styrenics,
- Universal Foam Products,
- Styro Limited,
- Nova Chemicals Corporation,
- the Ravago Group,
- Synthos S.A.,
- and Versalis S.P.A among others.
Further key findings from the report suggest:
In June 2018, BASF, a significant player in the market, announced to increase its global production capacity for Neopor(R) (expandable polystyrene containing graphite) by an aggregate of 40,000 metric tons per year.
At the Ulsan site in Korea, BASF will switch the plant´s entire 85,000 metric tons capacity from the classic white EPS (expandable polystyrene) Styropor(R) to the improved insulation raw material Neopor (gray EPS) until end of 2018. This will allow the company to meet the growing demand for the gray material in the Asian market.
To know more about the report @ https://www.reportsanddata.com/report-detail/expanded-polystyrene-eps-market
Global Expanded Polystyrene (EPS) Market Segmentation:
Product Type Outlook:
- White Expanded Polystyrene
- Grey Expanded Polystyrene
- Black expanded Polystyrene
Application Outlook:
- Insulation
- Packaging
- Foaming
- Component Manufacturing
- Chemical Intermediate
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Regions Covered in This Report:
- North America(the U.S., Mexico, and Canada)
- Latin America(Brazil and Rest of Latin America)
- Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
- Europe(the U.K., Germany, France, and Rest of Europe)
- Middle East & Africa(GCC Countries and Rest of Middle East & Africa)
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