Extruded Polystyrene Market Research Report – Global Forecast till 2023

Extruded Polystyrene Market Size, Industry Growth, Trends and Analysis Research Report 2023

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Extruded Polystyrene Market 2019-2023 Extruded Polystyrene Market Size, Revenue, Global Industry Statistics and Forecast to 2023 Market Overview : Polystyrene is a versatile material used to make a range of consumer products. It is often used in products that necessitate clarity such as food packaging and laboratory ware. In combination with numerous additives, colorants, and other plastics, polystyrene is used to manufacture appliances, automobile parts, electronics, toys, equipment, and gardening pots. Polystyrene is also used as a foam material as extruded polystyrene (XPS) and expanded polystyrene (EPS) which are used for insulation. Extruded polystyrene is produced by extrusion process, it is available in foam billets from the extruder. XPS is widely used as an insulation material in an array of construction applications such as roof, ceilings, pipelines, transportation and other.

The major demand side drivers identified in the global XPS market include an expanding construction industry and the increasing adoption of energy efficient materials is expected to drive the market for XPS during the forecast period. Some of the distinct properties of XPS over traditional insulation materials include significant thermal insulation or R-value, water repellence, less prone to rotting, chemical resistant, and durability among others. Thus, due to its efficient R-value properties it is getting more traction in the insulation applications in both residential and commercial construction.

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Extruded Polystyrene Market 2019

Top Competitive Analysis : • BASF SE • DowDupont • Kingspan Group • Owens Corning • EMIRATES EXTRUDED POLYSTYRENE L.L.C. • Abriso nv • ACH Foam Technologies • Soprema • Austrotherm

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URSA Insulation, S.A

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Extruded Polystyrene Market 2019

Regional Analysis Asia-Pacific market accounted for the largest market share of the global extruded polystyrene market and is expected to register a healthy CAGR during the review period. The demand in the region can be attributed towards the growth of real-estate in the region along with the rapid urbanization.

North America accounted for the second-largest market share in terms of volume accounting for over 20% of the total extruded polystyrene demand. The major drivers for North America include the resurrecting construction industry in the region.

The European market is trailing behind North America the region the demand for extruded polystyrene is grow on account of increasing demand for energy efficient insulation materials and presence of renowned insulation products producers in the region.

The market in the Middle East & Africa and Latin America market is expected to grow at a significant rate during the review period on account of increasing investments in the construction sector.

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Extruded Polystyrene Market 2019

Market Segmentation: The Global Extruded Polystyrene Market has been segmented by end-use industry, and region.

Based on end-use industry, the market has been divided into residential construction and commercial construction.

By region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Intended Audiences: • Isobutyric Acid manufacturers • Butyric acid manufacturers • Traders and distributors of Isobutyric Acid • Research and development institutes • Potential investors • Raw material suppliers

• Nationalized laboratories

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