Market Research Report
Europe Expanded Polystyrene (Eps) Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||963264|
|Published||Content info||115 Pages
Delivery time: 2-3 business days
|Europe Expanded Polystyrene (Eps) Market Forecast 2019-2028|
|Published: October 8, 2020||Content info: 115 Pages||
The Europe expanded polystyrene (EPS) market is estimated to project a CAGR of 5.70% in terms of revenue, and 5.01% in terms of volume, during the forecast period, 2019-2028. The growing demand in different industries is set to drive the market growth of EPS in Europe.
The Europe expanded polystyrene (EPS) market growth analysis entails the assessment of the United Kingdom, Italy, France, Russia, Germany, Poland, Belgium, and the rest of Europe. The construction and building industry of Germany is estimated to witness fast-paced growth, which will fuel the consumption of grouts and anchors. Moreover, the packaging industry has been recording stable growth. Plastic packaging solutions are utilized for customized and innovative products. Also, the electrical and electronics industry is a prominent end-user of EPS packaging, trailed by cosmetics & medicines packaging and food packaging. These factors are projected to impact market growth in Germany. The rising construction activities in France to enhance regional connectivity, along with several infrastructural projects, are set to drive EPS market growth. The distribution trends are fueling the development of packaging, with regard to types and pack sizes. Thus, the thriving packaging industry is estimated to be beneficial for market growth. With consumers exercising caution in out-of-home expenditure, the trend of cooking at home is witnessing a revival. This has further raised the demand for condiments, dressings, sauces, etc. The packaging sector is thus set to witness vast growth in terms of volume. Such factors are set to contribute to market growth in France.
Some of the leading companies in the market include, Ravago, Sabic, Evonik Industries AG, Total SA, Styrochem, etc.