Polystyrene Foam Market Flourishes at a CAGR of 9% while Witnessing an Incremental Growth of $12.16 Billion during 2020-2024|Technavio

Technavio has been monitoring the polystyrene foam market, operating under the materials segment. The latest report on the polystyrene foam market, 2020-2024 estimates it to register an incremental growth of $ 12.16 bn, at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Polystyrene Foam Market 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Arkema SA, BASF SE, Carpenter Co., DuPont de Nemours Inc., Kaneka Corp., SIBUR Holding PJSC, StyroChem, Synthos SA, Wuxi Xingda Group, and Zotefoams Plc are among some of the major market participants.

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Increasing demand for EPS from the packaging sector has been instrumental in driving the growth of the market. However, fluctuating crude oil prices might hamper market growth.

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Polystyrene Foam Market 2020-2024: Segmentation

Polystyrene Foam Market is segmented as below:

• Type
  • EPS
  • XPS
• Geography
  • APAC
  • Europe
  • North America
  • MEA
  • South America

Based on geographic segmentation, over 52% of the market’s growth originated from APAC during the forecast period. In addition, EPS led the growth under the polystyrene foam type segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the polystyrene foam market size.

Polystyrene Foam Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The polystyrene foam market report covers the following areas:

• Polystyrene Foam Market Size
• Polystyrene Foam Market Trends
• Polystyrene Foam Market Industry Analysis

This study identifies the high demand from emerging economies as one of the prime reasons driving the polystyrene foam market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Polystyrene Foam Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist polystyrene foam market growth during the next five years
• Estimation of the polystyrene foam market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the polystyrene foam market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of polystyrene foam market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Building and construction - Market size and forecast 2019-2024
• Packaging - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Application

Market Segmentation by Type

• Market segments
• Comparison by Type
• EPS - Market size and forecast 2019-2024
• XPS - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Arkema SA
• BASF SE
• Carpenter Co.
• DuPont de Nemours Inc.
• Kaneka Corp.
• SIBUR Holding PJSC
• StyroChem
• Synthos SA
• Wuxi Xingda Group
• Zotefoams Plc

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201026005731/en/