Polystyrene Foam Market was valued at USD 27.59 Billion in 2022, and it is expected to reach USD 36.92 Billion by 2029, exhibiting a CAGR of 4.25 % during the forecast period (2023-2029)

Polystyrene Foam Market Scope and Research Methodology

This Polystyrene Foam Market research report provides a comprehensive view of competition, including market share and profiles of major industry rivals worldwide. The study delves into various sectors to examine the factors that influence the industry’s growth.

The top-down and bottom-up approaches are used to validate and estimate market size by segment. Polystyrene Foam Market estimates are based on sale prices, with weights applied to usage rate and average sale price to produce percentage splits, market shares, and segment breakdowns. The geographical divisions are based on the adoption or usage percentage of the market size in each area.

Polystyrene Foam Market Drivers :

Expanded polystyrene (EPS) is employed in the building and construction industry due to its qualities such as lightweight, durability, thermal efficiency, shock absorption, moisture resistance, and use. It is a well-known insulation material that is utilised in a variety of applications because to its light yet firm foam that provides strong thermal insulation and great impact resistance. As most ICF dwellings are now developed and sold by corporations, EPS shape-molders could expect a significant rise in production of Insulating concrete forms (ICFs). As a result, growing demand for ICF houses is expected to drive growth in the market for expanded polystyrene (EPS) materials. For decades, EPS has been the architect's preferred choice for economy, performance, and sustainability in a variety of applications.

The primary function of ornamental moulding is to improve a building's overall appeal by concealing transitions and gaps between surfaces. As seen in many locations in North America and other emerging nations where EPS is implanted with reinforcing mesh before polyurethane or polymer-modified cement coating is applied, EPS has supplanted stone as a material for ornamental moulding. Aside from that, there has been a significant demand in the Polystyrene Foam Market for EPS to be used as a thermal insulator in the building sector.

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Polystyrene Foam Market Segmentation Analysis:

Based on Formulation, the Tablets Supplements segment held the largest market share of the Market in 2023. According to the MMR analysis, It stands out as the dominant segment in Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.

by Foam Type

Expanded Polystyrene (EPS)
Extruded Polystyrene (XPS)
Others

by End-User

Building & Construction
Packaging
Construction & Industrial Insulation
Others

by Process Type

Extruded
Injection Molded
Vacuum Formed
Others

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Key players include Polystyrene Foam Industry :

1. DowDuPont Inc. (US)
2. Drew Foam (US)
3. Flint Hills Resources (US)
4. AFP-sealed air (US)
5. Alpek (Mexico)
6. Carpenter Co. (US)
7. Dart Container Corporation (US)
8. Nova Chemicals Corp (Canada)
9. Jiangsu Leasty Chemicals Co., Ltd. (China)
10.Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China)
11.Taita Chemical Co., Ltd. (Taiwan)
12.Kaneka Corporation (Japan)
13.JSP Corporation (Japan)
14.BASF SE (Germany)
15.Xella International (Germany)
16.Synthos S.A (Poland)
17.Sunpor Kunststoff GmbH (Austria)
18.SUNPOR Kunststoff GmbH (Austria)
19.Versalis S.p.A (Italy)
20.ChovA (Spain)
21.Knauf Insulation (Belgium)
22.SABIC (Saudi Arabia)
23.Arkema S.A. (France)
24.Kingspan Group (Ireland)
25.O. N. Sunde AS (Norway)
Ravago Group (Belgium)

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Key Questions Answered in the Polystyrene Foam Market Report are:

Which segment asserted the greatest market share in 2024 for Polystyrene Foam ?
• How does the competitive landscape unfold within the Polystyrene Foam market?
• What pivotal factors steer the growth trajectory of the Polystyrene Foam market?
• In the realm of the Polystyrene Foam market, which region commands the most significant market share?
• What is the anticipated Compound Annual Growth Rate (CAGR) for the Polystyrene Foam market during the forecast period (2024-2030)?

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