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Expanded Polystyrene Market Perceptions Targeting Industrial Expansion Studied during the Forecast Period, 2019-2027

October 14, 2019 by Amanpreet  

The increasing inclination towards eco-friendly construction polymers have increased the demand of Expanded Polystyrene in the construction sector. Various studies suggest that greenhouse gas emissions from buildings might reach an alarming state in the near future, if proper measures are not taken. A report from the U.S. Green Building Council revealed that commercial and residential building sector accounts for more than one-third of the total carbon dioxide (CO2) emissions in the United States per year. Countries such as China and India are realizing the environmental implications of robust industrial development and urbanization. The above mentioned factors and government measures towards ecofriendly construction materials are anticipated to fuel the growth of global expanded polystyrene market.

Key Growth Area in the Construction Sector 

Growth of the construction sector is creating opportunities for new construction materials. The construction sector is becoming one of the largest consumers of polymer composites. The construction and building industry is well aware of the challenges it is likely to face in the next millennium and thereby continuously seeks for new solutions. This is creating opportunities for expanded polystyrene as they can resolve some of the most critical as well as common issues in constructions. Use of expanded polystyrene can facilitate the production of cost-effective and energy-efficient materials. The innovation of existing materials, to the development of new material combinations and additional multifunctional characteristics, have benefited the players in expanded polystyrene market.  Concurrently, these polymer-based materials have additional properties, which are often not found in conventional materials. Expanded polystyrene is witnessing a high adoption, as a construction material and is also mixed with ceramics and metals in order to develop essential engineering materials that are used for constructing buildings, bridges and other infrastructure.

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Widespread Application in Food Packaging to Support the Growth of the Market.

Consumers are always on the move; this is majorly impacting the food consumption habit of consumers. Hence, companies are developing portable, easy-to-handle packages maintaining both quality and quantity of food products. This is escalating the growth of global Expanded Polystyrene market. Expanded Polystyrene is used in packaging of fish and shell fish, meat, fruits, ice cream and others. Consumers are seeking a quick and easy solution for food consumption, especially during lunchtime and breakfast. Hence, brands are focusing on offering nutritious meals in convenient food packaging. Offering convenience is becoming a priority for brands and manufacturers. The above factors will positively affect the demand of Expanded Polystyrene market.

Recycling Deadlocks to Coerce Market Players towards Extending Provisions on Reuse

Foams made of plastic or synthetic polymers such as Expanded Polystyrene cannot be recycled. Such foam materials are being actively used in production of high-performance protective packaging solutions. Regulatory bodies are levying penalties on several leading players in the global foam protective packaging market to limit the production of Expanded Polystyrene-based foam, also known as Styrofoam. Consumers are becoming more aware towards the adverse effects of waste Styrofoam on the environment. Avoiding the purchase of products packed in Expanded Polystyrene is a deteriorating trend for the growth of the global foam protective packaging market. Moreover, inability to recycle has left companies at the tenterhooks of spending capital towards procurement of used Expanded Polystyrene. Companies are being forced to reuse their products and reproduce new ones, which is also entailing expensive modifications in the production machineries.

Standout Engineering Capabilities Pave the Way for Growth                                    

In recent years, polymers have become extremely important as engineering materials. In terms of application, they are now successfully competing with other major classes of materials. Expanded Polymer has found renewed vigor in the construction industry. This is because Expanded Polystyrene come with capabilities such as low thermal conductivity, low weight, mechanical resistance, low water absorption, chemical resistance and others. Moreover, ease of handling and installation is anticipated to fuel the demand of Expanded Polystyrene in forecast period.

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Large-Scale Players Routinely Subcontract to Smaller Specialized Players

The most prominent companies that are active in the global Expanded Polystyrene market are BASF SE, Total S.A., Alpek, S.A.B. De C.V., Trinseo SA, Wuxi Xingda New Foam Plastics Materials Co., Ltd., Synthos S.A. These companies resuming the marking of Expanded polystyrene and are able to guarantee a high level of reliability and quality consistency. The leading players are engaged in expanding the production capacity of Expanded Polystyrene and also performing R&D for enhancing the quality of products.

For e.g.

 

           
    • On 15 June 2018, At the Ulsan site in Korea, BASF a German chemical company and leading chemical producer across the globe, switched the plant´s entire 85,000 metric tons’ capacity from the classic white EPS (expanded polystyrene) Styropor® to the improved insulation raw material Neopor (gray EPS). This will allow the company to meet the growing demand for the gray material in the Asian market.

 

           
    • On 31 Jan 2019, Styropek Mexico began a collaboration with one of its EPS suppliers to collect pentane emissions from the EPS bead pre-expansion and stabilization process.

 


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