The Expanded Polystyrene (EPS) Market is segmented by Product Type (White EPS, Grey EPS, and Black EPS), End-Use Industry Type (Building & Construction, Packaging, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
By Product Type
The expanded polystyrene (EPS) market is segmented as white EPS, grey EPS, and black EPS. White EPS is expected to be the largest segment during the forecast period, driven by its excellent thermal and mechanical properties, stable dimensions for end-use, non-corrosive nature, and easy recyclability.
By End-Use Industry Type
The market is segmented as building & construction, packaging, and others. The building & construction industry segment dominates the market, as EPS is the supreme choice for green building and provides maximum energy efficiency, improved indoor environmental quality, and enhances durability.
Asia-Pacific is estimated to be the largest as well as fastest-growing expanded polystyrene (EPS) market during the forecast period, driven by various government proposals for improving public infrastructure and the rising cash-intensive non-residential construction. Also, developing countries of the region have several upcoming building & construction projects.
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