Extruded Polystyrene Market Scenario
Stringent regulations to reduce greenhouse gas emission coupled with development of green buildings are some of the major factors propelling the extruded polystyrene market globally. Furthermore, reduction in energy consumption and its related cost is also one of the factor driving the growth of extruded polystyrene market. However, availability of high-performance substitutes is one of the major factor expected to hamper the global growth of the extruded polystyrene market.
Extruded Polystyrene Market Segmentation
The extruded polystyrene market is segmented by Application, End Use and Geography. Extruded polystyrene are used in various applications such as Foundation, Wall, Roof, Floor & ceiling and Others (Pipes, Marine Insulation, and Utility Lines). Furthermore, Major End User of this market are Residential, Commercial and Others (Roads, Highways, Railways, and Runways). Based on Geography, the Extruded polystyrene Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Extruded Polystyrene Market by Geography
Geographically, the extruded polystyrene market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, The Asia-Pacific extruded polystyrene market is expected to witness high growth during the forecast period. Growing government and private sector investments in infrastructure development can enhancement the construction market, and countries such as India and China are anticipated to lead the demand for extruded polystyrene in the APAC region during the projection period.
Extruded Polystyrene Market Key Players
Some of the major players operating in the global extruded polystyrene market includes BASF SE, Synthos SA, Kingspan Group Plc, Dupont De Nemours, Inc., Owens Corning, Saint-Gobain Isover SA, The Ravago Group, Versalis S.P.A., Knauf Group (Insulation), Technonicol Corporation, Austrotherm GmbH, Ursa Insulation, SA, Penoplex SPB LLC and Loyal Group. These key players offer a wide range of MCC products to strengthen their competitive positions and cater to the growing demand from various applications.
Extruded Polystyrene Market Report Key Benefits