Expanded Polystyrene Market Size with Growth Opportunities, Top Countries Data, Future Trends and Share with Revenue Forecast

 


Industry Analysis

Rising urbanization and industrialization especially in the developing economies will propel rise in the demand for expanded polystyrene. Data Bridge Market Research analyses that the expanded polystyrene market will witness a CAGR of 5.0% for the forecast period of 2021-2028.

Expanded polystyrene is a lightweight chemical polymer manufactured by using polystyrene beads. Expanded polystyrene is versatile in nature, provides excellent resistance and durability, and is effective moisture resisting polymers. This is why they are used in a range of applications like construction activities, packaging operations among others. Expanded polystyrene is an insulation material found in a multitude of shapes and sizes. Expanded polystyrene is a result of the polymerization of a large number of styrene monomers linked together to polystyrene. Expanded polystyrene is a rigid cellular plastic that also contains an expansion agent.


Market Insights and Scope

Rising urbanization, industrialization and construction activities will boost up the demand for expanded polystyrene. The upsurge in the demand for durable residential and commercial buildings will further foster market growth especially in developing economies. Rising demand from other end-user verticals like the automotive and packaging industry will in turn boost up the expanded polystyrene market value. The rising demand for sustainable and lightweight solutions showing excellent thermal insulation has propelled growth in the demand for expanded polystyrene.


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