DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Expanded Polystyrene Market - Global Forecast to 2022" report to their offering.
The expanded polystyrene market is projected to reach USD 18.97 billion by 2022, at a CAGR of 5.1% from 2017 to 2022. The market is mainly driven by the growing construction and packaging industries in emerging countries. However, volatility of crude oil prices and availability of high-performance substitutes may restrain the growth of the market.
White expanded polystyrene is rigid and closed-cell foam plastic. It has persistent thermal properties, stable dimensions for varied end use, excellent mechanical properties, and recyclable and non-corrosive characteristics. It is a common practice to insulate buildings using typical white expanded polystyrene.
White expanded polystyrene is an excellent material in packaging and construction applications, since it is a light yet rigid foam with good thermal insulation and high impact resistance. Owing to the growing environmental concerns, white expanded polystyrene packaging products are being preferred, as white expanded polystyrene is eco-friendly and lightweight. Furthermore, it insulates better, keeps food fresher longer, and costs less.
The Middle East & Africa is expected to witness moderate significant growth in the coming years. Transportation, power, construction, and infrastructure are expected to emerge as the key sectors in the region. Several leading global players have established their manufacturing plants in the Middle East & Africa to cater to the growing demand in this region.
- ACH Foam Technologies, Inc.
- Alpek, S.A.B. De Cv
- BASF SE
- Brødr. Sunde A/S
- Flint Hills Resources, LLC
- Kaneka Corporation
- Nova Chemicals Corporation
- PJSC Sibur Holding
- Saudi Basic Industries Corporation (SABIC)
- Styrochem Canada Ltée
- Sunpor Kunststoff GmbH
- Synbra Holding BV
- Synthos S.A.
- The Ravago Group
- Total S.A.
- Unipol Holland BV
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview & Industry Trends
6 Expanded Polystyrene Market, By Product Type
7 Expanded Polystyrene Market, By Application
8 Expanded Polystyrene Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/mspjw8/expanded