Polystyrene Foam Market Report: Trends, Forecast and Competitive Analysis to 2030

Polystyrene Foam Trends and Forecast

The future of the global polystyrene foam market looks promising with opportunities in the building & construction, and packaging markets. The global polystyrene foam market is expected to reach an estimated $36.5 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increase in the need for fire safety and energy efficiency regulations, growing need for packaging options that are lightweight, as well as, increasing construction and insulation applications worldwide.

A more than 150-page report is developed to help in your business decisions.

Polystyrene Foam by Segment

The study includes a forecast for the global polystyrene foam by type, application, and region.

Polystyrene Foam Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Expandable Polystyrene Foam
• Extruded Polystyrene Foam

Polystyrene Foam Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Building and Construction
• Packaging
• Others

Polystyrene Foam Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Polystyrene Foam Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polystyrene foam companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polystyrene foam companies profiled in this report include-

• Loyal
• Wuxi Xingda New Foam Plastics Materials
• BASF
• Synthos
• Jiangsu Leasty Chemicals
• Sunpor Kunststoff
• Total
• Taita Chemical
• Versalis
• DuPont

Polystyrene Foam Market Insights

Lucintel forecasts that expandable polystyrene foam will remain the larger segment over the forecast period because it is long-lasting, sturdy, and lightweight, and the expandable polystyrene is also less costly than extruded polystyrene.

APAC will remain the largest region over the forecast period due to growing demand for polystyrene foam in packaging, building and construction, automotive, and electronics appliance uses in Asian countries.

Features of the Global Polystyrene Foam Market

Market Size Estimates: Polystyrene foam market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Polystyrene foam market size by type, application, and region in terms of value ($B).

Regional Analysis: Polystyrene foam market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the polystyrene foam market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polystyrene foam market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the polystyrene foam market size?

Answer: The global polystyrene foam market is expected to reach an estimated $36.5 billion by 2030.

Q2. What is the growth forecast for polystyrene foam market?

Answer: The global polystyrene foam market is expected to grow with a CAGR of 4.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the polystyrene foam market?

Answer: The major drivers for this market are increase in the need for fire safety and energy efficiency regulations, growing need for packaging options that are lightweight, as well as, increasing construction and insulation applications worldwide.

Q4. What are the major segments for polystyrene foam market?

Answer: The future of the global polystyrene foam market looks promising with opportunities in the building & construction, and packaging markets.

Q5. Who are the key polystyrene foam market companies?

Answer: Some of the key polystyrene foam companies are as follows.

• Loyal
• Wuxi Xingda New Foam Plastics Materials
• BASF
• Synthos
• Jiangsu Leasty Chemicals
• Sunpor Kunststoff
• Total
• Taita Chemical
• Versalis
• DuPont

Q6. Which polystyrene foam market segment will be the largest in future?

Answer: Lucintel forecasts that expandable polystyrene foam will remain the larger segment over the forecast period because it is long-lasting, sturdy, and lightweight, and the expandable polystyrene is also less costly than extruded polystyrene.

Q7. In polystyrene foam market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing demand for polystyrene foam in packaging, building and construction, automotive, and electronics appliance uses in Asian countries.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the polystyrene foam market by type (expandable polystyrene foam and extruded polystyrene foam), application (building and construction, packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?