Who are the key players in US Expandable Polystyrene Market?

Epsilyte LLC, NexKemia Petrochemicals Inc., Flint Hills Resources, Alpek S.A.B. de C.V. (Styropek) and SABIC are the major companies operating in the US Expandable Polystyrene Market. Read More

What years does this US Expandable Polystyrene Market cover, and what was the market size in 2023?

In 2023, the US Expandable Polystyrene Market size was estimated at 369.41 kilotons. The report covers the US Expandable Polystyrene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US Expandable Polystyrene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

US Expandable Polystyrene (EPS) Market Size

Market Size of US Expandable Polystyrene (EPS) Industry

US Expandable Polystyrene (EPS) Market Summary

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Volume (2024)	379.12 kilotons
Market Volume (2029)	430.20 kilotons
CAGR (2024 - 2029)	2.56 %
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

United States Expandable Polystyrene (EPS) Market Analysis

The US Expandable Polystyrene Market size is estimated at 379.12 kilotons in 2024, and is expected to reach 430.20 kilotons by 2029, at a CAGR of 2.56% during the forecast period (2024-2029).

The United States Expandable Polystyrene (EPS) market faced setbacks due to COVID-19. Global lockdowns and stringent government regulations led to widespread shutdowns of production hubs. However, the market rebounded in 2021 and is projected to grow significantly in the upcoming years.

Over the short term, increasing construction activities in the country ànd increasing demand from the packaging industry are the major factors driving the demand for the market studied.
However, the availability of green alternatives is expected to hinder the market's growth.
Nevertheless, recycling in the expandable polystyrene (EPS) industry is expected to create new opportunities for the market studied.
The building and construction segment is expected to account for the largest end-user industry in the market studied while registering rapid growth over the forecast period.

United States Expandable Polystyrene (EPS) Industry Segmentation

Expandable Polystyrene (EPS) is a type of foam plastic produced from solid beads of polystyrene. It is a lightweight, rigid, and closed-cell insulation material commonly used in packaging and construction.

The United States expandable polystyrene (EPS) market is segmented by type and end-user industry. By type, the market is segmented into white and grey and silver. By end-user industry, the market is segmented into building and construction, packaging, and other end-user industries. The report also covers the size and forecasts for the United States expandable polystyrene (EPS) market. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Type
		White
		Grey and Silver

End User
		Building and Construction
		Packaging
		Other End Users

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US Expandable Polystyrene (EPS) Market Size Summary

The US expandable polystyrene (EPS) market is poised for growth, driven by increasing construction activities and advancements in the packaging sector. Despite the initial setbacks caused by the COVID-19 pandemic, which led to supply chain disruptions and halted construction projects, the market is expected to recover and regain its growth trajectory. The introduction of modified EPS, enhanced with flame retardants and graphite, has created a competitive landscape, catering to diverse applications such as packaging and insulation. The rising demand for flexible packaging, particularly in the e-commerce sector, is further propelling the market, with companies like Amazon leading the charge in transforming packaging solutions. However, the availability of eco-friendly alternatives and the slow economic growth in the country pose potential challenges to market expansion.

The United States, being a major industrialized nation, boasts a robust construction sector that significantly contributes to the demand for EPS. Innovations like gray EPS, which offers improved thermal insulation properties, are gaining traction, especially in housing renovations aimed at reducing power costs. The market is characterized by a high level of consolidation, with key players such as Epsilyte Holdings LLC, NexKemia, Flint Hills Resources, Alpek S.A.B. de C.V., and SABIC dominating the landscape. Recent strategic moves, such as NexKemia's acquisition of a polystyrene recycling company and Epsilyte's expansion of production facilities, underscore the industry's focus on enhancing capacity and sustainability. These developments, coupled with the ongoing trends in construction and packaging, are expected to shape the future of the EPS market in the United States.

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US Expandable Polystyrene (EPS) Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Construction Activities in the Country
  2. 1.1.2 Increasing Demand from Packaging Industry
  3. 1.1.3 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 Availability of Green Alternatives
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Type
  1. 2.1.1 White
  2. 2.1.2 Grey and Silver
2. 2.2 End User
  1. 2.2.1 Building and Construction
  2. 2.2.2 Packaging
  3. 2.2.3 Other End Users