Market by Type, Industry Vertical, and Country | Forecast 2019-2028
The Asia-Pacific expanded polystyrene (EPS) market is expected to progress with a CAGR of 6.07% in terms of revenue and 5.32% in terms of volume throughout the estimated period 2019-2028.
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The countries studied in this
market are:
• China
• India
• Japan
• South Korea
• Australia & New Zealand
• ASEAN countries
• Rest of APAC countries
China's 'One Belt One Road Initiative' to develop a
road and marine network between China and Italy is expected to accelerate
commercial activity. This will boost the construction industry, which is a
major end-user of expanded polystyrene. Also, with the growing consumption of
packaged food, packaging industry players are looking to develop innovative
materials for packaging food and beverages. Thus, EPS has witnessed a high
demand as it is lightweight and resistant to cold and moisture. Thus,
the growing consumption of packaged food
is anticipated to benefit the market for EPS in China in the coming years.
India's
manufacturing sector has witnessed substantial growth in recent years. There
has been an increased demand for FDA-complaint polymers to manufacture
kitchenware and disposable plastic cutleries. This has led to an increase in
the adoption of polystyrene. High-impact polystyrene possesses high-impact
resistance; it is predominantly used in manufacturing numerous products, such
as consumer electronics. Thus, the growth in India's manufacturing sector is
expected to enhance the demand for expanded polystyrene, and thus help the
market for EPS to grow in the forecasted phase. In addition, efforts by the
government are also contributing to market growth. For instance, the 'Make in
India' scheme has helped accelerate the growth of the Appliances and Consumer
Electronics (ACE) industry in the country. This will give a huge momentum to
the demand for EPS in the Indian market.
LG Corporation (LG
Corp) develops and distributes numerous superior-quality petrochemical
products. Petrochemicals, plastic resins, and engineering plastics are some of
its products. It also offers polystyrene (PS) and polypropylene (PP). LG is
headquartered in Seoul, South Korea.
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VIEW REPORT1. ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. ASIA-PACIFIC
IS MOST PROMISING REGIONAL MARKET
2.2.2. GREY
EPS IS ANTICIPATED TO GROW AT HIGHEST CAGR
2.2.3. INDIA
IS LEADING IN TERMS OF EPS ADOPTION
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. IMPACT
OF COVID-19 – EXPANDED POLYSTYRENE (EPS)
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. MARKET
DRIVERS
2.7.1. ADVANTAGE
OVER ALTERNATIVE MATERIALS
2.7.2. INCREASING
DEMAND IN BUILDING & CONSTRUCTION AND PACKAGING SECTOR
2.8. MARKET
RESTRAINTS
2.8.1. INSTABILITY
IN CRUDE OIL PRICES
2.9. MARKET
OPPORTUNITIES
2.9.1. GROWING
DEMAND FOR LIGHTWEIGHT MATERIALS IN AUTOMOBILE INDUSTRY
2.10. MARKET
CHALLENGES
2.10.1. OBTAINABILITY OF ALTERNATIVE PRODUCTS
3. ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET OUTLOOK – BY TYPE
3.1. WHITE
3.2. GREY
3.3. BLACK
4. ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET OUTLOOK – BY INDUSTRY VERTICAL
4.1. PACKAGING
4.2. AUTOMOTIVE
4.3. DOMESTIC
APPLIANCES
4.4. CONSUMER
ELECTRONICS
4.5. BUILDING
& CONSTRUCTION
4.6. MEDICAL
4.7. OTHER
INDUSTRY VERTICALS
5. ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET – REGIONAL OUTLOOK
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH
KOREA
5.5. ASEAN
COUNTRIES
5.6. AUSTRALIA
& NEW ZEALAND
5.7. REST
OF ASIA-PACIFIC
6. COMPETITIVE
LANDSCAPE
6.1. ALPEK
SAB DE CV
6.2. ARKEMA
SA
6.3. BASF
SE
6.4. EVONIK
INDUSTRIES AG
6.5. KANEKA
CORPORATION
6.6. LG
CORPORATION
6.7. NOVA
CHEMICAL CORPORATION
6.8. SABIC
6.9. STYROCHEM
6.10. TOTAL
SA
6.11. RAVAGO
6.12. SIBUR
6.13. JACKON
GMBH
6.14. BEWISYNBRA
GROUP AB
6.15. SUNPOR
KUNSTSTOFF GMBH
7. METHODOLOGY
& SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY
TABLE 1: MARKET ATTRACTIVENESS
INDEX
TABLE 2: VENDOR SCORECARD
TABLE 3: ASIA-PACIFIC EXPANDED
POLYSTYRENE (EPS) MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC EXPANDED
POLYSTYRENE (EPS) MARKET, BY COUNTRY, 2019-2028 (IN KILOTON)
TABLE 5: ASIA-PACIFIC EXPANDED
POLYSTYRENE (EPS) MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC EXPANDED
POLYSTYRENE (EPS) MARKET, BY TYPE, 2019-2028 (IN KILOTON)
TABLE 7: ASIA-PACIFIC EXPANDED
POLYSTYRENE (EPS) MARKET, BY INDUSTRY VERTICAL, 2019-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY INDUSTRY VERTICAL, 2019-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY WHITE, 2019-2028 (IN $ MILLION)
FIGURE 3: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY GREY, 2019-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY BLACK, 2019-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY PACKAGING, 2019-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY AUTOMOTIVE, 2019-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY DOMESTIC APPLIANCES, 2019-2028 (IN $
MILLION)
FIGURE 8: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $
MILLION)
FIGURE 9: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY BUILDING & CONSTRUCTION, 2019-2028
(IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY MEDICAL, 2019-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, BY OTHER INDUSTRY VERTICALS, 2019-2028 (IN $
MILLION)
FIGURE 12: ASIA-PACIFIC
EXPANDED POLYSTYRENE (EPS) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 13: CHINA EXPANDED
POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 14: JAPAN EXPANDED
POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 15: INDIA EXPANDED
POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 16: SOUTH KOREA
EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 17: ASEAN COUNTRIES
EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 18: AUSTRALIA & NEW
ZEALAND EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 19: REST OF
ASIA-PACIFIC EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)