Stratview Research delivers key insights on the global Polystyrene (PS) & Expanded Polystyrene (EPS) Market. According to Stratview Research, the market is segmented By Product (Polystyrene, Expanded Polystyrene), By End-Use (Transportation, Electrical & Electronics, Construction, Consumer Goods, Food & Beverage, Packaging), and Region.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.

Market Insights

The report suggests that the overall Polystyrene (PS) & Expanded Polystyrene (EPS) market is projected to grow from USD 38.3 billion in 2020 to USD 49.8 billion by 2026 at a CAGR of over 4.6% during the forecast period.

Market Segments' Analysis

Based on end-use, the Polystyrene (PS) & Expanded Polystyrene (EPS) market has been classified into transportation, electrical & electronics, construction, consumer goods, food & beverage, and packaging. Under these, the packaging segment held a substantial market share in 2020 and is likely to grow at a considered CAGR during the forecast period. PS and EPS are extensively used in the packaging of electronic appliances, food, retail, and consumer goods, due to their lightweight properties and excellent insulation & weather resistance properties, thereby bolstering the segment growth.

By region, the Asia Pacific market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This growth is mainly ascribed to a strong presence of product manufacturers, strong automobile production, expanding construction industry growth, cheap labor availability, and easy access to raw materials. Also, the packaging and e-commerce sectors are booming thus offering lucrative opportunities to the market players in the region.

Key Players

The following are some of the key players in the Polystyrene (PS) & Expanded Polystyrene (EPS) Market:

·         ACH Foam Technologies (US)

·         Flint Hills Resources

·         StyroChem (Canada)

·         NOVA Chemicals (Canada)

·         AlpekB. de C.V. (Mexico)

·         Sunpor Kunststoff (Austria)

·         Synbra Holding bv (Netherlands)

·         Total SA (France)

·         Brodr. Sunde (Norway)

·         Trinseo (Norway)

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-          What is the global demand for Polystyrene (PS) & Expanded Polystyrene (EPS) Market in terms of revenue?

-          Which are the prominent players in the market?

-          At what CAGR is the market projected to grow within the forecast period?

-          What are the driving factors fuelling the growth of the market?

-          Which region accounted for the largest share in the market?

-          How did the Covid19 impacted the market?

-          How long will it take to recover from the Covid impact?

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