The global expandable polystyrene (EPS) capacity in 2020 was 10.57 mtpa and is expected to increase at an AAGR of more than 0.5% over the forecast period 2021-2025. In 2020 China, Germany, Iran, South Korea, and the US were the key countries in the world accounting for over 68% of the total Butadiene capacity.
Overview of global expandable polystyrene market
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What is the outlook of planned and announced projects in the expandable polystyrene market?
Among regions, Asia leads with the largest capacity additions for the new-build and expansion of the existing expandable polystyrene projects by 2025. For the upcoming new-build projects, the region does not have any planned and announced projects whereas the expansion in the region is expected to add a capacity of 0.18 mtpa from one planned and one announced project. The Middle East follows next and for the new-build projects, the region is expected to add a capacity of 0.12 mtpa from a planned project.
Among the top countries, India leads with the largest capacity additions, with a capacity of 0.18 mtpa from one planned and one announced project. The main capacity addition will be from a planned project, Supreme Petrochem Nagothane Expandable Polystyrene (EPS) Plant 2, with a capacity of 0.15 mtpa. It is expected to commence production of Expandable Polystyrene (EPS) in 2022.
What is the regional and country-level expandable polystyrene market outlook?
Asia
China, South Korea, Taiwan, India, and Thailand are the key countries in Asia accounting for more than 95% of the total expandable polystyrene capacity of the region. China’s contribution to Asia’s total expandable polystyrene capacity is more than 75%. Loyal Chemical Industry Dongguan Expandable Polystyrene Plant, Loyal Chemical Industry Jiangyin Expandable Polystyrene (EPS) Plant, and Wuxi Xingda New Foam Plastics Materials Company Wuxi Expandable Polystyrene (EPS) Plant 2 are the major active expandable polystyrene plants in the country.
North America
Expandable polystyrene capacity is expected to grow during the forecast period. The US contribution to North America’s total expandable polystyrene capacity is more than 50%. Alpek Monaca Expandable Polystyrene (EPS) Plant, Dart Container Corporation Owensboro Expandable Polystyrene (EPS) Plant, and Flint Hills Resources Peru Expandable Polystyrene (EPS) Plant are the major active expandable polystyrene plants in the country.
Europe
In Europe, expandable polystyrene capacity increased at an AAGR of less than 1% from 2015 and it is expected to remain the same until 2025. Germany, the Netherlands, Austria, France, and Italy are the key countries in Europe, accounting for more than 70% of the total expandable polystyrene capacity of the region. Germany’s contribution to Europe’s total expandable polystyrene capacity is more than 28%.
Middle East
Expandable polystyrene capacity is expected to grow during the forecast period. In 2020, Iran, Turkey, and Saudi Arabia are the key countries in the Middle East, accounting for the total expandable polystyrene capacity of the region. Iran’s contribution to the Middle East’s total expandable polystyrene capacity is more than 65%.
What are the key players in the global expandable polystyrene market?
Loyal Chem. Ind. Corp has the largest capacity with a share of more than 15% in the global expandable polystyrene market. Other key market players include Wuxi Xingda Foam Plastics Materials Co Ltd, BASF SE, Synthos SA, Taita Chemical Co Ltd, Jiangsu Sunchem Chemical industry Co Ltd, Jiangyin Runhua Chemical Products Co, Alfa SAB de CV, Ravago SA, and Entekhab Industrial Group.Â
Global expandable polystyrene market, by key players
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Market report scope
| Market size (Year – 2020) | 10.57 million tonnes per annum |
| Growth rate – By Value | AAGR of >0.5% from 2021 to 2025 |
| Base year for estimation | 2020 |
| Forecast period | 2021-2025 |
| Key players | Loyal Chem. Ind. Corp, Wuxi Xingda Foam Plastics Materials Co Ltd, BASF SE, Synthos SA, Taita Chemical Co Ltd, Jiangsu Sunchem Chemical industry Co Ltd, Jiangyin Runhua Chemical Products Co, Alfa SAB de CV, Ravago SA, and Entekhab Industrial Group. |
Reasons to Buy
- Obtain the most up-to-date information available on all active, planned and announced Expandable Polystyrene (EPS) plants globally.
- Facilitate decision-making based on strong historical and forecast of Butadiene capacity data.
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The global expandable polystyrene market size in 2020 is 10.57 mtpa.
The global expandable polystyrene market is expected to grow at an AAGR of more than 0.5% during the period 2021-2025.
The key countries in the global expandable polystyrene market are China, Germany, and Iran.
The key players in the global expandable polystyrene market are Loyal Chem. Ind. Corp, Wuxi Xingda Foam Plastics Materials Co Ltd, BASF SE, Synthos SA, Taita Chemical Co Ltd, Jiangsu Sunchem Chemical industry Co Ltd, Jiangyin Runhua Chemical Products Co, Alfa SAB de CV, Ravago SA, and Entekhab Industrial Group.
