Expanded Polystyrene Industry Statistics

In this post, we will explore key statistics and trends in the global Expanded Polystyrene (EPS) industry. From market size and growth projections to regional consumption patterns and emerging market segments, we will delve into the various facets shaping the EPS landscape.

Statistic 1

"The global Expanded Polystyrene (EPS) market size was valued at USD 15.5 billion in 2019."

Statistic 2

"The EPS industry is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2020 to 2027."

Statistic 3

"Asia Pacific is projected to lead the expanded polystyrene market during the forecast period."

Statistic 4

"EPS industry was hit by the COVID-19 pandemic in 2020, this majorly reduced the consumption of EPS for a brief period."

Statistic 5

"The packaging segment was the major consumption sector in 2019, accounting for over 53% of global EPS demand."

Statistic 6

"EPS has growing demand in the building and construction industry due to its insulation properties."

Statistic 7

"The EPS market across Europe stood at USD 4.19 billion in 2019."

Statistic 8

"The UK is the second-largest consumer of EPS in Europe."

Statistic 9

"By 2027, the EPS industry is expected to reach a market value of USD 21.9 billion."

Statistic 10

"The EPS market in North America is expected to experience significant growth due to emerging end-use industries."

Statistic 11

"In 2019, China consumed the most EPS, accounting for over 40% of world consumption."

Statistic 12

"In the US, about 35% of EPS is used in building construction, making it the largest single use."

Statistic 13

"The transportation sector is expected to be the fastest-growing EPS market segment, at a CAGR of 4.9% from 2020 to 2027."

Statistic 14

"In 2020, the EPS market experienced a 1.2% decrease in growth due to the negative impact of COVID-19."

Statistic 15

"Grey EPS, an emerging type of EPS, has a higher insulation value and is growing in popularity in the building industry."

Statistic 16

"Despite environmental concerns, only about 10% of the EPS produced every year is recycled."

Statistic 17

"BASF, a major plastic manufacturer, reported an operating profit of 507 million euros in 2020 from its EPS segment."

Statistic 18

"The EPS market in Latin America and Middle East & Africa is expected to witness slow growth due to low awareness and lack of technological advancements."

Statistic 19

"By 2025, the global demand for EPS is expected to reach 10.5 million metric tons."

In conclusion, the Expanded Polystyrene (EPS) industry is poised for steady growth over the forecast period, with significant potential in regions such as Asia Pacific and North America. While the market faced setbacks due to the COVID-19 pandemic in 2020, the industry is expected to rebound and reach a market value of USD 21.9 billion by 2027. The packaging and building construction sectors continue to be key drivers of EPS demand, with opportunities for further growth in emerging segments like transportation. However, challenges related to environmental sustainability and recycling practices persist, highlighting the need for innovation and heightened awareness within the industry.