The Extruded Polystyrene Market report has recently been added to Stratview Research’s offering. This report shows lucrative growth opportunities in the industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, dynamics, and key market players.

Market Insights

The extruded polystyrene market was estimated at USD 5.9 billion in 2021 and is likely to grow at a CAGR of 4.01% during 2022-2028 to reach USD 7.79 billion in 2028.

Major factors contributing to the growth of the market are increasing construction activities around the globe and the use of extruded polystyrene (XPS) in emerging countries.

Segment Analysis

Based on the application type, the market is segmented as a foundation, wall, roof, floor & ceiling, and others. In terms of value, the foundation is estimated to be the largest as well as the fastest-growing segment of the market. The energy lost through parts of a building such as walls or roofs accounts for a lower percentage as compared to the energy lost through the building’s foundation. As a result, the foundation requires heavy insulation for the prevention of energy losses and penetration of moisture into the foundation. Along with saving energy used for heating/cooling, XPS also strengthens the overall infrastructure because of its favorable properties such as high compressive strength and moisture resistance.

Based on the end-use industry type, the market is segmented as residential, commercial, and others. The residential segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. An increase in demand for residential infrastructure development in emerging countries, as XPS principally improves the insulation of buildings, is driving the growth of this segment.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period. Increasing government and private sector investments in infrastructure development are likely to boost the construction market in countries such as India and China, creating lucrative growth opportunities. The growth of the market is also fueled by rapid urbanization in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

How decision makers can benefit from this report?

  • The user can estimate regional trends from the output and forecast data up to the given forecast period.
  • Identifying the growth strategies behind the expanding companies made easy.
  • The report enables the users to assess and identify present and future prospects in markets that are most suited to plan growth strategies.
  • This report throws light on all the low-hanging fruits in the market also covers all the key regions and sectors.
  • The user can formulate plans on how to sustain and grow in the market and minimize any negative impact on revenues.

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