ASIA-PACIFIC EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028

Chemicals & Materials | Polymers And Resins

ASIA-PACIFIC EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028

Market by Type, Industry Vertical, and Country | Forecast 2019-2028

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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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Table of Content

1.    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

List of table

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)

List of Figures

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)

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