Products for construction industry to account for 66% of EPS demand in 2016

07-May-10
The construction industry is the largest market for expanded polystyrene (EPS), with a worldwide share pegged just less than 60%. This sector‘s importance will continue increasing, to 66% of EPS demand in 2016 as per Ceresana Research. After EPS revenue had increased at an average rate of 7.3% pa between 2000 and 2008, market value fell to roughly €4.3 bln in 2009. Price decreases caused revenue to fall by up to one third in certain regions. However, levels seen in 2008 are likely to be seen again in 2012, mainly on consumption increases in China, as well as foreseeable price increases starting in 2010. Positive demand impulses exist in saturated markets, as a result of government measures to increase the energy efficiency in new buildings and especially in old building renovations. These measures compensate the declining construction industry in many European countries, leading to expected growth in EPS demand again in 2010. Nevertheless, consumption in Western Europe and North America during 2016 will most likely remain below levels seen in 2008. EPS production in Eastern Europe and the Asian-Pacific is exhibiting very dynamic development. An anual compounded growth rate of 7.1% is expected in Eastern Europe and 5.9% in Asia, until 2016. Japan and South Korea are the exception here, and will most likely see decreases in production. Capacities in China will grow by more than 750,000 tons, while Eastern Europe will see an increase of just less than 350,000 tons. Due to its technical characteristics, such as its light weight, rigidity and excellent formability, this expanded polystyrene (EPS)can be found in a wide range of applications: insulation against heat, sound, and cold, as well as in the packaging industry, and in leisure and sporting goods.
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