Top Companies in Expanded Polystyrene Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Expanded Polystyrene Market is expected to reach USD 18.7 Billion by the year 2030 at a recorded CAGR (Compound Annual Market Growth) of 8.8% over the forecast period.
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Vantage Market Research has recently published a new report on the “Expanded Polystyrene Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in the Expanded Polystyrene Market. Some of the key statistics in this report highlight that Global Expanded Polystyrene Market was valued at USD 10.4 Billion in 2022 and is expected to reach USD 18.7 Billion by the year 2030 at a recorded CAGR (Compound Annual Market Growth) of 8.8% over the forecast period. The global Expanded Polystyrene market will continue to expand due to rising demand from different end-user sectors, including consumer goods, packaging, medical, agriculture, and construction industries.
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The expanded polystyrene market has been experiencing steady growth in recent years. This growth can be attributed to the material's versatility, low cost, and excellent insulation properties. The increasing demand for EPS in packaging, building and construction, and consumer goods sectors has driven market growth. Additionally, the adoption of EPS as a sustainable alternative to traditional materials in various applications is also driving the market's growth. With the growing demand, leading companies in the EPS market are investing heavily in research and development to improve the material's properties and expand its applications. The top ten leading companies in the EPS market include StyroChem, Inc., Kaneka Corporation, Total Petrochemicals & Refining USA, Inc., Nova Chemicals Corporation, Sunpor Kunststoff GmbH, Alpek SAB de CV, Synthos S.A., SIBUR Holding, S.A., Flint Hills Resources, LLC, and Styropek SA de CV. These companies are actively developing innovative solutions to meet the growing demand for EPS in various applications, thereby contributing to the growth of the expanded polystyrene market.
Let’s Take a Look at the Top Market Players that are Captivating the Expanded Polystyrene Market
- StyroChem Inc. (United States)
StyroChem is a US-based company headquartered in Houston, Texas. The company has a global presence with manufacturing facilities in North America and Europe. StyroChem produces EPS for a range of applications, including building and construction, packaging, and consumer goods. The company employs over 300 people across its facilities and has plans to expand its manufacturing capabilities in the future.
- Kaneka Corporation (Japan)
Kaneka Corporation is a Japanese chemical company with its headquarters in Osaka, Japan. The company has a global presence, with manufacturing facilities in Asia, Europe, and North America. Kaneka produces EPS for use in a variety of applications, including packaging, building and construction, and automotive. The company has over 10,000 employees and plans to expand its EPS production capacity in the future.
- Total Petrochemicals & Refining USA Inc. (United States)
Total Petrochemicals & Refining USA is a US-based company headquartered in Houston, Texas. The company has a global presence, with manufacturing facilities in Asia, Europe, and the Americas. Total Petrochemicals produces EPS for use in a range of applications, including packaging, building and construction, and consumer goods. The company has over 6,000 employees across its facilities.
- Nova Chemicals Corporation (Canada)
Nova Chemicals is a Canadian company with its headquarters in Calgary, Alberta. The company has a global presence, with manufacturing facilities in Canada, Europe, and the United States. Nova Chemicals produces EPS for use in packaging, building and construction, and other applications. The company has over 4,500 employees and is committed to sustainability, investing in research and development to create more eco-friendly EPS solutions.
- Sunpor Kunststoff GmbH (Germany)
Sunpor Kunststoff is a German company headquartered in Eschenburg, Germany. The company has a global presence, with manufacturing facilities in Europe and the United States. Sunpor produces EPS for use in a variety of applications, including packaging, building and construction, and consumer goods. The company has over 1,000 employees and is committed to developing sustainable solutions for the EPS market.
- Alpek SAB de CV (Mexico)
Alpek is a Mexican company with its headquarters in San Pedro Garza Garcia, Mexico. The company has a global presence, with manufacturing facilities in Mexico, the United States, Canada, Brazil, and Argentina. Alpek produces EPS for use in a range of applications, including packaging, building and construction, and consumer goods. The company has over 6,000 employees and is committed to sustainability, investing in research and development to create more sustainable EPS solutions.
- Synthos S.A. (Poland)
Synthos is a Polish company with its headquarters in Oświęcim, Poland. The company has a global presence, with manufacturing facilities in Poland and Europe. Synthos produces EPS for use in a range of applications, including packaging, building and construction, and consumer goods. The company has over 3,000 employees and is committed to developing sustainable EPS solutions.
- SIBUR Holding S.A. (Russia)
SIBUR Holding is a Russian company with its headquarters in Moscow, Russia. The company has a global presence, with manufacturing facilities in Russia, Germany, and China. SIBUR produces EPS for use in a range of applications, including packaging, building and construction, and consumer goods. The company has over 26,000 employees and is committed to sustainability, investing in research and development to create more eco-friendly EPS solutions.
- Flint Hills Resources LLC (United States)
Flint Hills Resources is a US-based company headquartered in Wichita, Kansas, and is a leading producer of EPS for various applications. It has manufacturing facilities across the US and is committed to sustainability through research and development. In 2019, it partnered with Agilyx Corporation to develop a closed-loop system for the recycling of polystyrene products. The company has over 4,000 employees and reported annual revenues of over $10 billion in 2020. With a focus on sustainability and innovation, Flint Hills Resources is poised to remain a major player in the EPS market.
- Styropek SA de CV (Mexico)
Styropek is a Mexican EPS producer with headquarters in San Pedro Garza Garcia. The company has manufacturing facilities in Mexico, the US, and Colombia and a global network of sales offices. With over 800 employees, Styropek is committed to sustainability and invests in research and development to create more eco-friendly EPS solutions. In 2022, the company planned to open a new plant in South Carolina to meet the growing demand for EPS. Styropek reported annual revenues of over $270 million in 2020, highlighting its position as a leading company in the EPS market.
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