Global Expanded Polystyrene (EPS) Market Size Study & Forecast, by Product (White, Grey), by Application (Construction, Packaging, Automotive), and Regional Forecasts 2025-2035

Description

The Global Expanded Polystyrene (EPS) Market is valued at approximately USD 12 billion in 2024 and is anticipated to expand at a robust compound annual growth rate (CAGR) of 8.59% over the forecast period 2025 to 2035. EPS, a lightweight, rigid, and closed-cell insulation material, is widely recognized for its superior cushioning, thermal insulation, and shock absorption properties. Its low cost, excellent durability, and versatility across multiple sectors have pushed its adoption to the forefront of industrial packaging and sustainable construction practices. As global economic activity accelerates, particularly in the areas of infrastructure development and e-commerce, the demand for EPS has gained significant momentum.

The construction industry, in particular, has emerged as a vital catalyst in accelerating the demand for EPS products. From insulating panels and structural walls to flooring systems and geofoam applications, EPS continues to dominate as a preferred material in green building initiatives, thanks to its high insulation value and recyclability. Simultaneously, the packaging sector has embraced EPS as a reliable solution for safeguarding fragile products and temperature-sensitive goods during transportation. This surge in demand has been further bolstered by the automotive industry, where EPS is increasingly deployed in crash pads, door panels, and lightweight interior components due to its energy-absorbing properties and weight-reduction benefits.

From a regional perspective, North America currently commands a substantial portion of the global EPS market, thanks to mature construction regulations, a growing inclination toward sustainable materials, and the presence of industry-leading insulation and packaging firms. Europe follows closely, driven by stringent energy efficiency mandates and the rapid adoption of green building materials. However, the Asia Pacific region is poised for the fastest growth, owing to rapid urbanization, burgeoning population, and increasing industrial activities in key economies such as China, India, and Southeast Asia. The region's booming real estate and packaging sectors, coupled with favorable government initiatives promoting energy-efficient infrastructure, are significantly enhancing the outlook for EPS adoption. Meanwhile, regions such as Latin America and the Middle East & Africa are gradually catching up as public and private investments in infrastructure and logistics continue to scale up.

Major market players included in this report are:

BASF SE
Kaneka Corporation
Versalis S.p.A.
BEWiSynbra Group
Synthos S.A.
SABIC
SUNPOR Kunststoff GmbH
Alpek S.A.B. de C.V.
TotalEnergies SE
Nova Chemicals Corporation
Unipol Holland BV
Jiangsu Leasty Chemical Co., Ltd.
Ming Dih Group
Supreme Petrochem Ltd.
Wuxi Xingda Group

Global Expanded Polystyrene (EPS) Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast Period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Product:

White
Grey

By Application:

Construction
Packaging
Automotive

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Expanded Polystyrene (EPS) Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Expanded Polystyrene (EPS) Market Forces Analysis

3.1. Market Forces Shaping the Global EPS Market (2024-2035)
3.2. Drivers
- 3.2.1. Rising demand for sustainable and energy-efficient insulation materials
- 3.2.2. Booming construction and infrastructure activities in developing economies
3.3. Restraints
- 3.3.1. Environmental concerns related to EPS disposal and recyclability
- 3.3.2. Stringent regulations on single-use plastics in various regions
3.4. Opportunities
- 3.4.1. Technological advancements in recycling and biodegradable EPS alternatives
- 3.4.2. Increasing demand from cold-chain packaging and automotive safety components

Chapter 4. Global Expanded Polystyrene (EPS) Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's Five Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Expanded Polystyrene (EPS) Market Size & Forecasts by Product 2025-2035

5.1. Market Overview
5.2. Global Expanded Polystyrene Market Performance - Potential Analysis (2025)
5.3. White
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Grey
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Expanded Polystyrene (EPS) Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Global Expanded Polystyrene Market Performance - Potential Analysis (2025)
6.3. Construction
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Packaging
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035
6.5. Automotive
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Expanded Polystyrene (EPS) Market Size & Forecasts by Region 2025-2035

7.1. Expanded Polystyrene Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America EPS Market
- 7.3.1. U.S.
  - 7.3.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.3.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.3.2. Canada
  - 7.3.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.3.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.4. Europe EPS Market
- 7.4.1. UK
  - 7.4.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.4.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.2. Germany
  - 7.4.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.4.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.3. France
  - 7.4.3.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.4.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.4. Spain
  - 7.4.4.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.4.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.5. Italy
  - 7.4.5.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.4.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.6. Rest of Europe
  - 7.4.6.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.4.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.5. Asia Pacific EPS Market
- 7.5.1. China
  - 7.5.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.5.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.2. India
  - 7.5.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.5.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.3. Japan
  - 7.5.3.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.5.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.4. Australia
  - 7.5.4.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.5.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.5. South Korea
  - 7.5.5.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.5.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.6. Rest of Asia Pacific
  - 7.5.6.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.5.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.6. Latin America EPS Market
- 7.6.1. Brazil
  - 7.6.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.6.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.6.2. Mexico
  - 7.6.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.6.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.7. Middle East and Africa EPS Market
- 7.7.1. UAE
  - 7.7.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.7.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.2. Saudi Arabia
  - 7.7.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.7.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.3. South Africa
  - 7.7.3.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.7.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.4. Rest of Middle East & Africa
  - 7.7.4.1. Product Breakdown Size & Forecasts, 2025-2035
  - 7.7.4.2. Application Breakdown Size & Forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. BASF SE
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Kaneka Corporation
8.4. Versalis S.p.A.
8.5. BEWiSynbra Group
8.6. Synthos S.A.
8.7. SABIC
8.8. SUNPOR Kunststoff GmbH
8.9. Alpek S.A.B. de C.V.
8.10. TotalEnergies SE
8.11. Nova Chemicals Corporation
8.12. Unipol Holland BV
8.13. Jiangsu Leasty Chemical Co., Ltd.
8.14. Ming Dih Group
8.15. Supreme Petrochem Ltd.
8.16. Wuxi Xingda Group