Global Expanded Polystyrene Market is Estimated to be USD 13.2 Billion in 2015

Date: 2015-10-29

The report covers the expanded polystyrene market and further segments the market on the basis of type, application, and region. The market data for these types is given with respect to volume (kilotons) and value (USD million). The market size, in terms of value, of expanded polystyrene market is estimated to be USD 13.2 billion in 2015 and is projected to register a CAGR of about 6.03% between 2015 and 2020. The data mentioned in the report is based on the global demand in the expanded polystyrene market.

The market of expanded polystyrene has been examined by adopting the Porter’s Five Forces Analysis. This gives an idea about the current situation in the industry at the global level. The study also provides the value chain analysis with respect to the end-user industries. The value chain describes the key contributors to the expanded polystyrene market at different stages from raw material manufacturers, product manufacturers, to the end-use industries. It represents the top players which are contributing significantly to the expanded polystyrene industry.

Expanded Polystyrene is a fragmented and competitive market, with a large number of minor players, especially in China. The key players in this market are BASF SE (Germany), Total S.A. (France), Synthos S.A. (Poland), Kaneka Corporation (Japan), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), PJSC SIBUR HOLDING (Russia), Alpek SAB de CV (Mexico), ACH Foam Technologies, LLC (U.S.), Ineos Styrenics International SA (Switzerland), SUNPOR KUNSTSTOFF GmbH (Austria), and Synbra Holding B.V. (The Netherlands) among others. The key market players adopted multiple growth strategies to strengthen their market positions between 2010 and 2015. However, most players opted for organic growth through investments & expansions. 

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