According to the research report titled ‘Global Expanded Polystyrene (EPS) Market 2019-2028’, available with Market Study Report, global expanded polystyrene market is projected to register a y-o-y growth rate of 5.68% (by revenue) and 4.92% (by volume) during 2019-2028.
 

Growing product demand from building & construction and packaging sectors is augmenting the global expanded polystyrene (EPS) market outlook. Likewise, rising demand from automakers for lightweight materials is generating lucrative prospects for the business scenario. It is to be noted that expanded polystyrene outweighs all other alternative materials in terms of features and benefits. 
 

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On the downside, instability in the prices of crude oil, along with easy accessibility of alternative products are restraining the market progression.
 

Based on type, worldwide expanded polystyrene industry is segmented into white, black, and grey. Speaking of industry vertical, the marketplace is divided into packaging, domestic appliances, automotive, consumer electronics, medical, building & construction, and others.
 

Considering the geographical analysis, the industry space is distributed into North America, Middle East & Africa, Europe, Latin America, and Asia-Pacific. Insights pertaining to revenue share held by each region in the past, in consort with predictions about the growth rate and return generating prospects across each region over the analysis timeframe are revealed.
 

As stated in the report, Asia-Pacific expanded polystyrene (EPS)) market is reckoned to showcase remunerative growth trends over the forecast period, owing to rising demand for insulation material due to surge in construction & home renovation activities and increase in real estate ownership. Besides, the Chinese government has developed policies to encourage energy efficiency, thereby contributing to the progression of the market in this region.
 

Leading players in worldwide expanded polystyrene industry are Sunpor Kunststoff GmbH, BEWiSynbra Group AB, Jackon GmbH, SIBUR, Ravago Group, TotalEnergies SE, StyroChem, Saudi Basic Industries Corporation (SABIC), NOVA Chemicals Corporation, LG Corporation, Kaneka Corporation, Evonik Industries AG, BASF SE, Arkema S.A., and Alpek S.A.B. de C.V.