Inkwood
Research estimates that the Global Expanded Polystyrene (EPS) Market is
predicted to evolve at a CAGR of 5.54% in terms of revenue and 4.85% in terms of
volume during the forecasting years of 2019-2028.
“Browse 69 Market Data Tables and 42 Figures
spread over 164 Pages, along with an in-depth TOC on the Global Expanded Polystyrene
(EPS) Market Forecast 2019-2028.”
REQUEST CUSTOMIZATION LINK – https://www.inkwoodresearch.com/request-for-custom-report/
REQUEST FREE SAMPLE LINK - https://www.inkwoodresearch.com/reports/expanded-polystyrene-market/#request-free-sample
VIEW TABLE OF CONTENT LINK - https://www.inkwoodresearch.com/reports/expanded-polystyrene-market/#table-of-contents
BUY NOW- https://www.inkwoodresearch.com/reports/expanded-polystyrene-market/
Expanded polystyrene (EPS) is a lightweight
insulation material with properties like resistance to humidity &
compression, hygienic, retention to vitamin C, shock absorption, etc. It finds applications
in the furnishing, construction, automotive, and packaging industries. It is
also used for packaging in the electronic and food & beverage industries.
EPS v/s
other Insulation Materials
In the construction industry, EPS is one of
the most-sought materials, given its cost-effectiveness. It constitutes 98% of
air. Stabilized air makes EPS an effective insulator. It has an excellent
R-value, which remains constant, making it an efficient material. It has the
highest insulating capacity per dollar in comparison to other insulation
materials. This makes it a feasible material. Further, it offers ease in
handling, transportation, and installation, thereby minimizing labor costs by
almost 50%.
EPS has several advantages like
permeability toward air and moisture in comparison to XPS. The expanded
polystyrene building installations can resist water for many years. The EPS
insulation system retains only 5% moisture in comparison to 19% of XPS. Such
factors make it a favorable material in places with high moisture.
To know more about this report, request
a free sample copy.
Packaging
is Highest Revenue-Generating End-User
Due to its closed pore structure, and
properties like lightweight, resistance to moisture & cold, EPS is most
preferred in the packaging sector. It is in demand among white appliances
manufacturers. It fulfills technical requirements, RoHS and REACH. It is
further utilized to pack food products like meat, milk products, fruit, fish,
processed foods, etc. It is also one of the best packaging options for fragile
pharmaceutical and heavy products, since it guarantees total protection against
damage. Moreover, recyclable EPS entails resilience, high insulation value, and
excellent cushioning. This makes it an ideal material for insulated packages.
The packaging materials made from EPS include, specialty items, end caps, wall
panels, concrete void fillers, flat pads, edge protectors, etc.
Asia
Pacific to Bloom in the Coming Years
The Asia Pacific region is witnessing an
increasing demand for EPS insulation, due to rising ownership of real estates.
There is also a rise in the construction and home renovation activities.
Insulation is a key attribute for sustainable building products. The government
initiative in the region, with regard to construction activities and
expenditure, is further boosting the demand for EPS in the region. The other
factors that are set to contribute to the market growth of the region are rapid
industrialization and growing living standards.
The companies in the market are advancing
in terms of varied designs of EPS with outstanding properties, catering to the demands
of consumers. The regional players are evaluated to fare better opportunities
than the multi-national layers with regard to dominance. The industrial rivalry
is thus projected to be high during the forecast period. Some of the
distinguished players in the market include, Evonik Industries AG, Styrochem,
Sabic, Total SA, Basf SE, etc.
About
Inkwood Research
Inkwood Research specializes in syndicated
& customized research reports and consulting services. Market intelligence
studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises of North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
Contact Us
https://www.inkwoodresearch.com
+1 857-302-4704
Related
Reports:
GLOBAL
CONDUCTIVE POLYMER MARKET
GLOBAL
PP NONWOVEN FABRICS MARKET
GLOBAL
POLYETHYLENE TEREPHTHALATE (PET) MARKET
Comments
Post a Comment