Polystyrene Foam Market worth $32.2 billion by 2026

(EstateNewsWire.com, May 19, 2021 ) The report "Polystyrene Foam Market by Resin Type (EPS AND XPS), End-use Industry (Construction and Industrial Insulation, Packaging, Building and Construction), Region(APAC, Europe, North America, South America, and Middle East & Africa) - Global Forecast to 2026" The global Polystyrene Foam market size will grow to USD 32.2 billion by 2026 from USD 26.4 billion in 2021, at a CAGR of 4.1% during the 2021-2026 period. The use of Polystyrene Foam in building & construction, packaging industry and others is expected to increase in APAC in the next five years.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231315126

EPS is projected to be the largest resin type of the Polystyrene Foam market.

EPS is the largest type in Polystyrene foam market in terms of volume. EPS is a lightweight thermoplastic material with special properties because of its structure that helps protect the product from getting damaged. The growing building & construction and packaging industries in developing countries are driving the EPS market. EPS is an excellent material for applications in these industries, as it is lightweight yet rigid foam with good thermal insulation and high impact resistance. However, volatility in crude oil prices and the availability of high-performance substitutes are restraining the market growth. The easy recyclability of polystyrene products is expected to offer opportunities for the growth of the EPS market during the forecast period.

Building and Construction is the fastest-growing pigment type of the Polystyrene Foam market.

Building and Construction is the fastest growing end-use industry in Polystyrene Foam market, in terms of value and volume both. Polymer foams are used in the building & construction industry for forging, pipe-in-pipe, doors, roof board, and slabs. PU is the dominant foam used in the building & construction industry for insulation. It has low heat conduction coefficient, low density, low water absorption, and relatively good mechanical strength and insulating properties, which are helpful in the building & construction sector.

Don't miss out on business opportunities in Polystyrene Foam Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=231315126

Browse in-depth TOC on "Polystyrene Foam Market”
154 - Market Data Tables
63 - Figures
206 - Pages

APAC is the largest Polystyrene Foam market globally.

APAC is projected to lead the Polystyrene foam market and this dominance is expected to continue till 2026. China is the key market in the region, consuming close to half of the demand for Polystyrene foam market. The region is seen as a lucrative market for the growth of Polystyrene foam market. Increasing foreign investments increases the overall demand for Polystyrene foam market. Apart from major countries such as China, India, and South Korea, countries like Indonesia and Thailand are gathering attention and are growing at a brisk pace.

The key players profiled in the Polystyrene foam market report are Loyal Group (China), Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China), BASF SE (Germany), Synthos (Poland), Jiangsu Leasty Chemicals (China), Sunpor Kunststoff GmbH (Austria), Versalis S.p.A (Italy), BEWiSynbra Group (Sweden), and Ravago (Luxembourg).

Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=231315126

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com