( PR4US.com | Press Release | 2021-10-04 19:36:52 )
Real estate is still responsible for almost 40% of the total energy consumption. That's why the EU Commission is calling for a "renovation wave": In order to drastically reduce greenhouse gas emissions, EU countries are to invest around EUR 200 billion a year to modernize the energy systems of homes and public buildings until 2030. Manufacturers and processors of expandable polystyrene (EPS), the bestselling insulation material, are particularly benefiting from these initiatives to improve energy efficiency. According to the latest Ceresana
study on the global EPS market, the demand for EPS in 2020 amounted to around 6.59 million tonnes.
Construction Industry is the Main Customer
EPS is a light, strong foam that can be shaped almost at will and is traded under brand names such as Styropor or Airpop. The versatile material consists primarily of air and expanded polystyrene, with the addition of flame retardants and other additives, such as graphite. Although EPS can also be found in safety helmets and life jackets, in beverage cups, casting moulds, and numerous other applications, however, around 53% of its market is accounted for by construction products. The construction industry uses the low-cost insulating material primarily to insulate against heat, cold and noise in new housing construction as well as in the renovation of old buildings. Its competitors are glass and rock wool, but insulating materials based on renewable raw materials are also becoming increasingly popular.
Growing Packaging Demand
Japan and South Korea, for example, also have ambitious climate protection goals with regards to buildings. In Asia Pacific and the Americas especially, EPS is not only used for insulation materials, but is also widely used for packaging, for example for transporting fresh fish or electronic products. The segment packaging accounts for over 40% of the total demand for EPS around the globe. According to the current, already fourth edition of Ceresana's EPS market report, the Asia-Pacific region accounted for around 57% of the global EPS demand in 2020. For China, analysts expect growth rates to remain above average, despite a slowdown in the construction industry. Per capita demand for EPS packaging is rising, particularly in emerging and developing countries.
Global Market for EPS
Chapter 1 of Ceresana's new study provides a representation of the global market for Expandable Polystyrene - including forecasts up to 2030: EPS production and demand volumes as well as import, export and revenues generated are given for the regions Western and Eastern Europe, North America, South America, Asia-Pacific, the Middle East and Africa.
Chapter 2 analyzes the EPS market data of the 25 most important countries, i.e. country-specific production and demand volumes, import and export figures, and revenues. The demand for EPS is also divided into the application areas packaging, construction, industry, and other applications.
Chapter 3 is a useful directory: Company profiles of the most significant EPS manufacturers, clearly arranged by contact details, revenues, profits, product range, production facilities, production capacities and brief profile. Detailed profiles are provided by 47 manufacturers, such as Alpek S.A.B. de C.V., BASF SE, Loyal Chemical Industrial Corp., Ming Dih Group Corp., SIBUR Holding PAO, Sunpor Kunststoff GmbH, Supreme Petrochem Ltd. (SPL), Synthos S.A., and Wuxi Xingda Group.
Further information about the market study “Expandable Polystyrene – EPS (4th Edition)”: https://www.ceresana.com/en/market-studies/plastics/expandable-polystyrene/
As one of the world's leading market research institutes, Ceresana
specializes in the chemicals, plastics, packaging and industrial goods sectors, with a focus on automotive / mobility. Since 2002, companies have benefited from high-quality industry analyses and forecasts. Over 200 market studies provide more than 10,000 clients around the world with the knowledge base for sustainable success.