The report on the Extruded Polystyrene Market is segmented By Application Type (Foundation, Roof, Wall, Floor Ceiling, and Others), by End-Use Industry Type (Residential, Commercial, and Others), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World), It also covers the COVID-19 Impact Analysis and Forecast to 2028.
Market Insights
The extruded polystyrene market was estimated at USD 5.9 billion in 2021 and is likely to grow at a CAGR of 4.01% during 2022-2028 to reach USD 7.79 billion in 2028.
Key players
Some of the major players operating in the Extruded Polystyrene Market are-
- BASF SE
- Synthos S.A.
- DuPont de Nemours Inc.
- Saint-Gobain Isover SA
- Knauf Gips KG
- Owens Corning Inc.
- TechnoNicol Corporation
- Austrotherm GmbH
- Ursa Insulation SA
- Penoplex SPB LLC
- Ravago Group
- Loyal Group.
Report Features
The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –
- Market structure - as it reflects the value chain of different commodities in the market.
- Drivers and Constraints - as both can affect any element of the marketing mix -- product, budget, and place, etc.
- Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
- Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand's strategy.
- Growth strategies - allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.
Major factors contributing to the growth of the market are increasing construction activities around the globe and the use of extruded polystyrene (XPS) in emerging countries.
What is extruded polystyrene?
Extruded polystyrene or XPS, majorly used as a thermal insulator is a rigid foam manufactured from polystyrene extrusions, in the presence of foaming gas. Produced on extruding machines, this hard foam is a closed-cell foam material that offers distinguished properties aiding in moisture management and resisting both water absorption and freeze cycles.
Extruded polystyrene is used in various applications such as foundations, walls, roofs, and floor ceiling for various end-use industries, such as residential and commercial. Increasing demand for construction activities due to growth in the residential and commercial infrastructure is likely to be the prime factor augmenting the growth of the market.
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