- Floor & Ceiling,
- Foundation,
- Roof,
- Wall and
- Others
Extruded Polystyrene Market size was valued at USD 9.6 billion in 2022 and is poised to grow at a CAGR of 4.9% from 2023-2029. Demand for energy-efficient buildings, rise in government infrastructure projects, expanding construction industry, distinct properties of XPS over traditional insulation materials and adoption of green building systems are some key factors influencing the market growth. However, factors such as presence of toxic chemicals in polystyrene are limiting the market growth. In addition, robust investments in R&D provides huge growth opportunity for the market. Polystyrene is very inert, it doesnt react particularly well with either acidic or basic solutions. This characteristic causes polystyrene to last a long time in the natural environment which poses a litter hazard as the material. Hence, effects of polystyrene on environments is hampering the market growth. The thermoplastic polymer extruded polystyrene (XPS) has a closed-cell structure. Extruded polystyrene is primarily employed as an insulating material in the residential and commercial building industries. Insulation for plaster and ventilated facades, pitched and flat roofs, floors, walls, and other structures is made of extruded polystyrene.
Global Extruded Polystyrene Market Summary
Study Period
2024-2030Base Year
2023CAGR
4.9%Largest Market
Asia PacificFastest Growing Market
EuropeExtruded Polystyrene Market Dynamics
Increasing industrialization and booming construction industry are expected to drive the demand for market in upcoming years. The increasing population and economic conditions in the economies have led to a greater housing transaction and more disposable income which have a direct effect on the market. Extruded Polystyrene (XPS) is one of the most used synthetic polymers and it is used as insulation material in construction industry. Extruded polystyrene (XPS) is a type of insulation material with a high R-value, good moisture resistance, high structural strength and low weight. Extruded, polystyrene is used extensively as thermal insulation in, industrial, commercial and residential construction. It is, commonly used in wall and roof applications. The increasing number of businesses across the globe is likely to assist construction of commercial buildings, thus expanding the market growth.
Asia-Pacific got significant share
Extruded Polystyrene Market Regional Analysis
Asia Pacific accounted for larger revenue share in global extruded polystyrene market with considerable CAGR. The growth is due to adoption of green building systems, encouraging investments in the commercial construction activities and demand for energy-efficient buildings. Presence of major market players in the region is other factor responsible for market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
Global Extruded Polystyrene Market Segmentation
By Application
By End User
- Residential, and
- Non-Residential
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
Frequently Asked Questions
2023 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Key Features of the Report
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Table of Content
- Executive Summary
- Global Extruded Polystyrene Market Introduction
- Global Extruded Polystyrene Market Taxonomy
- Global Extruded Polystyrene Market Definitions
- Application
- Global Extruded Polystyrene Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Extruded Polystyrene Market Dynamic Factors - Impact Analysis
- Global Extruded Polystyrene Market Competition Landscape
- Global Extruded Polystyrene Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
- Global Extruded Polystyrene Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Non-Residential Construction
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Residential Construction
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Non-Residential Construction
- Global Extruded Polystyrene Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- North America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Europe
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Asia-Pacific
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Latin America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Middle East and Africa
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Global Extruded Polystyrene Market - Opportunity Analysis Index, By Application and Region, 2023 - 2029
- North America
- North America Extruded Polystyrene Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Non-Residential Construction
- Residential Construction
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- US
- Canada
- North America Extruded Polystyrene Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029
- North America Extruded Polystyrene Market Dynamics Trends
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Europe Extruded Polystyrene Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Non-Residential Construction
- Residential Construction
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Poland
- Rest of Europe
- Europe Extruded Polystyrene Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029
- Europe Extruded Polystyrene Market Dynamics Trends
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Asia-Pacific Extruded Polystyrene Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Non-Residential Construction
- Residential Construction
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Japan
- China
- India
- ASEAN
- Australia & New Zealand
- Rest of Asia-Pacific
- Asia-Pacific Extruded Polystyrene Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029
- Asia-Pacific Extruded Polystyrene Market Dynamics Trends
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Latin America Extruded Polystyrene Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Non-Residential Construction
- Residential Construction
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
- Latin America Extruded Polystyrene Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029
- Latin America Extruded Polystyrene Market Dynamics Trends
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Middle East and Africa Extruded Polystyrene Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Non-Residential Construction
- Residential Construction
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
- MEA Extruded Polystyrene Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029
- MEA Extruded Polystyrene Market Dynamics Trends
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Ink Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
- Abriso nv (Belgium)
- ACH Foam TechnologiesInc. (US)
- Austrotherm (Germany)
- BASF SE (Germany)
- DowDupont (US)
- EMIRATES EXTRUDED POLYSTYRENE L.L.C. (Dubai)
- Kingspan Group (Ireland)
- Owens Corning (US)
- Ravago S.A. (Ravatherm) (Luxemburg)
- Soprema (France)
- URSA InsulationS.A (Belgium)
- Research Methodology
- Key Assumptions and Acronyms
- Abriso nv (Belgium)
- ACH Foam TechnologiesInc. (US)
- Austrotherm (Germany)
- BASF SE (Germany)
- DowDupont (US)
- EMIRATES EXTRUDED POLYSTYRENE L.L.C. (Dubai)
- Kingspan Group (Ireland)
- Owens Corning (US)
- Ravago S.A. (Ravatherm) (Luxemburg)
- Soprema (France)
- URSA InsulationS.A (Belgium)