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Polystyrene Foam Trends and Forecast
The future of the global polystyrene foam market looks promising with opportunities in the building & construction, and packaging markets. The global polystyrene foam market is expected to reach an estimated $36.5 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increase in the need for fire safety and energy efficiency regulations, growing need for packaging options that are lightweight, as well as, increasing construction and insulation applications worldwide.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Polystyrene Foam by Segment
The study includes a forecast for the global polystyrene foam by type, application, and region.
Polystyrene Foam Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Expandable Polystyrene Foam
• Extruded Polystyrene Foam
Polystyrene Foam Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Building and Construction
• Packaging
• Others
Polystyrene Foam Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Polystyrene Foam Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polystyrene foam companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polystyrene foam companies profiled in this report include-
• Loyal
• Wuxi Xingda New Foam Plastics Materials
• BASF
• Synthos
• Jiangsu Leasty Chemicals
• Sunpor Kunststoff
• Total
• Taita Chemical
• Versalis
• DuPont
Polystyrene Foam Market Insights
Lucintel forecasts that expandable polystyrene foam will remain the larger segment over the forecast period because it is long-lasting, sturdy, and lightweight, and the expandable polystyrene is also less costly than extruded polystyrene.
APAC will remain the largest region over the forecast period due to growing demand for polystyrene foam in packaging, building and construction, automotive, and electronics appliance uses in Asian countries.
Features of the Global Polystyrene Foam Market
Market Size Estimates: Polystyrene foam market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Polystyrene foam market size by type, application, and region in terms of value ($B).
Regional Analysis: Polystyrene foam market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the polystyrene foam market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polystyrene foam market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the polystyrene foam market size?
Answer: The global polystyrene foam market is expected to reach an estimated $36.5 billion by 2030.
Q2. What is the growth forecast for polystyrene foam market?
Answer: The global polystyrene foam market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the polystyrene foam market?
Answer: The major drivers for this market are increase in the need for fire safety and energy efficiency regulations, growing need for packaging options that are lightweight, as well as, increasing construction and insulation applications worldwide.
Q4. What are the major segments for polystyrene foam market?
Answer: The future of the global polystyrene foam market looks promising with opportunities in the building & construction, and packaging markets.
Q5. Who are the key polystyrene foam market companies?
Answer: Some of the key polystyrene foam companies are as follows:
• Loyal
• Wuxi Xingda New Foam Plastics Materials
• BASF
• Synthos
• Jiangsu Leasty Chemicals
• Sunpor Kunststoff
• Total
• Taita Chemical
• Versalis
• DuPont
Q6. Which polystyrene foam market segment will be the largest in future?
Answer: Lucintel forecasts that expandable polystyrene foam will remain the larger segment over the forecast period because it is long-lasting, sturdy, and lightweight, and the expandable polystyrene is also less costly than extruded polystyrene.
Q7. In polystyrene foam market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing demand for polystyrene foam in packaging, building and construction, automotive, and electronics appliance uses in Asian countries.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the polystyrene foam market by type (expandable polystyrene foam and extruded polystyrene foam), application (building and construction, packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Polystyrene Foam Market, Polystyrene Foam Market Size, Polystyrene Foam Market Growth, Polystyrene Foam Market Analysis, Polystyrene Foam Market Report, Polystyrene Foam Market Share, Polystyrene Foam Market Trends, Polystyrene Foam Market Forecast, Polystyrene Foam Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Polystyrene Foam Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Polystyrene Foam Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Polystyrene Foam Market by Type
3.3.1: Expandable Polystyrene Foam
3.3.2: Extruded Polystyrene Foam
3.4: Global Polystyrene Foam Market by Application
3.4.1: Building and Construction
3.4.2: Packaging
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Polystyrene Foam Market by Region
4.2: North American Polystyrene Foam Market
4.2.2: North American Polystyrene Foam Market by Application: Building and Construction, Packaging, and Others
4.3: European Polystyrene Foam Market
4.3.1: European Polystyrene Foam Market by Type: Expandable Polystyrene Foam and Extruded Polystyrene Foam
4.3.2: European Polystyrene Foam Market by Application: Building and Construction, Packaging, and Others
4.4: APAC Polystyrene Foam Market
4.4.1: APAC Polystyrene Foam Market by Type: Expandable Polystyrene Foam and Extruded Polystyrene Foam
4.4.2: APAC Polystyrene Foam Market by Application: Building and Construction, Packaging, and Others
4.5: ROW Polystyrene Foam Market
4.5.1: ROW Polystyrene Foam Market by Type: Expandable Polystyrene Foam and Extruded Polystyrene Foam
4.5.2: ROW Polystyrene Foam Market by Application: Building and Construction, Packaging, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Polystyrene Foam Market by Type
6.1.2: Growth Opportunities for the Global Polystyrene Foam Market by Application
6.1.3: Growth Opportunities for the Global Polystyrene Foam Market by Region
6.2: Emerging Trends in the Global Polystyrene Foam Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Polystyrene Foam Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Polystyrene Foam Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Loyal
7.2: Wuxi Xingda New Foam Plastics Materials
7.3: BASF
7.4: Synthos
7.5: Jiangsu Leasty Chemicals
7.6: Sunpor Kunststoff
7.7: Total
7.8: Taita Chemical
7.9: Versalis
7.10: DuPont
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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