Published March 9, 2023
Expanded Polystyrene (EPS) is a popular plastic material that is widely used in various industries due to its excellent insulation properties, low weight, and durability. EPS is commonly used in packaging, construction, and manufacturing industries. The demand for EPS is mainly driven by the growth of its end-use industries, such as the construction industry, which requires EPS insulation for buildings, and the packaging industry, which uses EPS for cushioning and protection during transportation. Additionally, the growing demand for lightweight and eco-friendly packaging solutions has also contributed to the increased demand for EPS.
Moreover, the expanding automotive industry has also led to the increased use of EPS in manufacturing various automotive parts, such as car bumpers, dashboards, and door panels, due to its lightweight and energy-absorbing properties. The demand for EPS is also influenced by the growth of the global economy and population, which has led to an increase in consumption of products that require EPS for packaging and transportation. Furthermore, the increased focus on energy-efficient and sustainable building practices has also boosted the demand for EPS insulation in the construction industry.
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Market Buoyancy Analysis
Expanded polystyrene is a lightweight cellular plastic with distinct properties due to its structure consisting of pre-expanded polystyrene beads. Expanded polystyrene is a highly light and rigid material with outstanding properties such as good damping and thermal insulation, as well as a wide range of end-use applications such as surfboards, packaging, and construction materials. Polystyrene’s expanded closed-cell design provides low vapor stability and minimal water absorption.
Key Companies Profiled
- Alpek S.A.B. De C.V.
- Atlas Roofing Corporation
- BASF SE
- Bewisynbra Group
- Flint Hills Resources Llc
- Kaneka Corporation
- Nova Chemicals Corporation
- PJSC SIBUR Holding
- Saudi Basic Industries Corp.
- Sunpor Kunststoff GmbH
- Synthos S.A.
- Total S.A.
- Trinseo S.A.
- Unipol Holland B.V.
- Videolar – Innova S.A
- Xingda Group
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