Market by Type, Industry Vertical, and Country | Forecast 2019-2028
Triton Market Research has concluded that the North America expandable polystyrene (EPS) market is projected to grow at a CAGR of 4.75% by revenue and 4.03% by volume in the estimated years 2019-2028.
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The countries scrutinized in
this market are:
• The United States
• Canada
There has been a rise in the
demand for flexible packaging in Canada, owing to the increase in the exports
of packaged foods. Canada is a large-scale exporter of processed food products.
It exports these products to around 190 countries across the world, with a
significant share being exported to the United States, Japan, China, Mexico,
South Korea, and Russia.
The flourishing packaging
sector is thus boosting the demand for expanded polystyrene in the nation.
Immense growth has been observed in retail and food services sales, in
particular, which majorly use packaging. For instance, as per a 2019 study by
the USDA Foreign, Agricultural Service, in the period from 2017 to 2022, sales
growth for products like snack bars, sweet biscuits, and fruit snacks is
expected to be 19.8%. This will be followed by spreads at 15.8%, edible oils, 13.8%,
and dairy at 12.3%. Thus, the growth in the packaging sector is fueling the
development of the Canadian EPS market.
In addition, the cost-effectiveness
of flexible packaging and the increased penetration of digital printing &
e-commerce are also helping the market to reach its expected growth rate. In
2019, flexible packaging was widely used in Canada, accounting for 31% of the
total packaging materials being used. However, with the spread of COVID-19
across the country and other parts of North America, the flexible supply chain
was deeply dented. This has considerably reduced profit margins, thereby
creating hurdles in market growth.
Nova Chemicals
Corporation manufactures chemicals, plastic resins, and end-products. The
company’s product portfolio includes expandable polystyrene, expandable styrene
polymers, olefins/polyolefins, and chemical & energy co-products. It
operates through technology centers and manufacturing facilities in Canada and
the United States, and also has commercial operations in these nations, along
with Switzerland and China. Nova is headquartered in Calgary, Alberta, Canada.
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VIEW REPORT1. NORTH
AMERICA EXPANDED POLYSTYRENE (EPS) MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY INSIGHTS
2.2.1. GREY
EPS IS ANTICIPATED TO GROW AT HIGHEST CAGR
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. NORTH
AMERICA EXPANDED POLYSTYRENE (EPS) MARKET OUTLOOK – BY TYPE
3.1. WHITE
3.2. GREY
3.3. BLACK
4. NORTH
AMERICA 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. NORTH
AMERICA EXPANDED POLYSTYRENE (EPS) MARKET – REGIONAL OUTLOOK
5.1. UNITED
STATES
5.2. CANADA
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: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, 2019-2028 (IN KILOTON)
TABLE 5: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, 2019-2028 (IN KILOTON)
TABLE 7: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY INDUSTRY VERTICAL, 2019-2028 (IN $
MILLION)
TABLE 8: NORTH
AMERICA EXPANDED POLYSTYRENE (EPS) MARKET, BY INDUSTRY VERTICAL, 2019-2028 (IN
KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY WHITE, 2019-2028 (IN $ MILLION)
FIGURE 3: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY GREY, 2019-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY BLACK, 2019-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY PACKAGING, 2019-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY AUTOMOTIVE, 2019-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY DOMESTIC APPLIANCES, 2019-2028 (IN $
MILLION)
FIGURE 8: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $
MILLION)
FIGURE 9: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY BUILDING & CONSTRUCTION, 2019-2028
(IN $ MILLION)
FIGURE 10: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY MEDICAL, 2019-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, BY OTHER INDUSTRY VERTICALS, 2019-2028 (IN $
MILLION)
FIGURE 12: NORTH AMERICA
EXPANDED POLYSTYRENE (EPS) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 13: UNITED STATES
EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 14: CANADA
EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)