Polystyrene Foam Market Industry Segments Application And Forecast 2029
Global Polystyrene Foam Market analysis by "The Maximize Market Research" offers information on market dynamics affecting the market, market scope, market segmentation, and casts shadows over the top market players, emphasising the favourable competitive landscape and trends through time.
Polystyrene Foam Market Overview:
The purpose of this research is to provide a detailed analysis of the Polystyrene Foam market by segment and geography. The article goes into great detail about the primary factors influencing the Polystyrene Foam market's growth. The research also includes a comprehensive assessment of the market's value chain.
Global Polystyrene Foam Market was valued at USD 26.47 Billion in 2021, and it is expected to reach USD 36.93 Billion by 2029, exhibiting a CAGR of 4.25 % during the forecast period (2022-2029)
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Market Scope:
To get the final quantitative and qualitative data, all conceivable elements impacting the markets covered in this research study were investigated, extensively researched, validated by primary research, and evaluated. Market size is estimated for top-level markets and sub-segments, and the impact of inflation, economic crashes, regulatory and policy changes, and other variables is factored into market forecasting. This data, together with extensive inputs and analysis from the businesses, is compiled and presented in this report.
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Segmentation:
The Polystyrene Foam market's highest share belongs to the EPS resin sector. Because of the way it is structured, EPS is a lightweight thermoplastic material that has certain properties that help to preserve the product. EPS is a good material for a variety of uses since it is a lightweight yet stiff foam with exceptional thermal insulation and strong impact resistance. However, market expansion is being constrained by the erratic nature of crude oil prices and the accessibility of high-performance alternatives. The straightforward recyclable nature of polystyrene products will probably present opportunities for the EPS market to expand during the projected period.
Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing managers were conducted as part of the primary research, while an examination of the main manufacturers' quarterly and financial performance was conducted as part of the secondary research. Secondary sources are utilized to generate global market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked with primary data.
The major players covered in the Polystyrene Foam market report are:
North America:
• DuPont (U.S.)
• The Dow Company (US)
• Alpek (Mexico)
• Drew Foam (U.S.)
• Kingspan Group (U.S.)
• Nova Chemicals Corp (Canada)
Asia Pacific:
• Loyal Group (China)
• Jiangsu Leasty Chemicals Co., Ltd. (China)
• Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China)
• Taita Chemical Co., Ltd. (Taiwan)
• Kaneka Corporation (Japan)
Europe:
• BASF SE (Germany)
• Synthos S.A (Poland)
• Sunpor Kunststoff GmbH (Austria)
• Total SE (France)
• Versalis S.p.A (Italy)
• ChovA (Spain)
• Knauf Insulation (Belgium)
• SUNPOR Kunststoff GmbH (Austria)
Middle East & Africa:
• SABIC (Saudi Arabia)
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
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COVID-19 Impact Analysis on Polystyrene Foam Market:
The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Polystyrene Foam market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the Polystyrene Foam industry's firms and associations.
Key Questions Answered in the Polystyrene Foam Market Report are:
- Which segment grabbed the largest share in the Polystyrene Foam market?
- What was the competitive scenario of the Polystyrene Foam market in 2021?
- Which are the key factors responsible for the Polystyrene Foam market growth?
- Which region held the maximum share in the Polystyrene Foam market in 2021?
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