Expanded Polystyrene Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2027
Global expanded polystyrene (EPS) market is projected to grow from $ 15 billion in 2021 to approximately $ 19 billion by 2027. EPS is an innovative material that offers design and structural integrity to many construction projects. Anticipated growth in global EPS market can be attributed to growing construction and packaging industries in developing countries. Additionally, EPS offers tangible environmental advantages with enhanced energy efficiency, improved quality of indoor environment as well as enhanced durability of buildings and packaged products, which is positively impacting the growth of the market. Global expanded polystyrene market can be categorized into product type, end-use and region. Based on product type, the white EPS segment is expected to be the largest contributor to global expanded polystyrene market during the forecast period. The thermal resistance of the white matter depends on the density of the finished product. Since the white matter has a closed cellular...