Expanded Polystyrene Market Size & Industry Report2033

Expanded Polystyrene Market Report by Product (White, Grey, Black), End Use Industry (Building and Construction, Packaging, Automotive, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A3602

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Market Overview:

The global expanded polystyrene market size reached USD 11.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 15.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.65% during 2025-2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 11.1 Billion
Market Forecast in 2033	USD 15.6 Billion
Market Growth Rate 2025-2033	3.65%

Expanded polystyrene (EPS) is a rigid, lightweight cellular plastic material comprising small, hollow spherical balls. It absorbs minimal water, provides low vapor permanence, and can be produced in varying densities and compressive strengths to withstand load and back-fill forces. As compared to the extruded (XPS) foam, EPS is considered a cost-efficient and high performing alternative in many insulation and construction applications. Moreover, it is employed in the manufacturing of trays, plates and fish boxes on account of its thermal resistance and formability.

EPS is an inert material that does not rot and keeps away pests like rats or termites. Consequently, it is used as an insulated panel system for walls, roofs and concrete floors in residential and commercial construction. It is further utilized as void-forming fill material in civil engineering projects as a lightweight fill in road and railway development and as a floatation material in the construction of pontoons and marinas. This, along with a considerable rise in construction activities, represents one of the key factors bolstering the market growth. Apart from this, the shock-absorbing characteristics make EPS ideal for storing and transporting wines, chemicals, electronic equipment and pharmaceutical products. Furthermore, it is gaining traction in the food and beverage (F&B) industry, wherein it is employed to retain moisture and maintain the freshness of perishable products, such as seafood, fruits and vegetables. Besides this, its applications are anticipated to expand in various end use industries, including packaging, decoration works and lifesaving equipment such as life jackets and buoys.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global expanded polystyrene market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on product and end use industry.

Breakup by Product:

White
Grey
Black

Breakup by End Use Industry:

Building and Construction
Packaging
Automotive
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alpek S.A.B. de C.V. (Grupo Industrial Alfa S.A.B de C.V), BASF SE, Dalian TianLi Engineering Plastic Co. Ltd., Evonik Industries AG (RAG-Stiftung), Jiangsu Nijiaxiang Group Co. Ltd., KANEKA CORPORATION, Ming Dih Group Corporation, Ravago, SABIC, Synthos, TOTAL SE and Xingda Group.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Alpek S.A.B. de C.V. (Grupo Industrial Alfa S.A.B de C.V), BASF SE, Dalian TianLi Engineering Plastic Co. Ltd., Evonik Industries AG (RAG-Stiftung), Jiangsu Nijiaxiang Group Co. Ltd., KANEKA CORPORATION, Ming Dih Group Corporation, Ravago, SABIC, Synthos, TOTAL SE and Xingda Group
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the global expanded polystyrene market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global expanded polystyrene market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global expanded polystyrene market and who are the key players?
What is the degree of competition in the industry?

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