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