Expanded Polystyrene (EPS) is one of the multipurpose polymers available for a variety of applications. EPS has found numerous application areas across a wide range of industries due to its light weight, rigidity, and thermal and acoustic insulating properties. EPS has low thermal conductivity, shock and sound absorbing characteristics, and moisture resistant properties. The global expanded polystyrene (EPS) market is currently valued at US$13.9 bln in 2014 and is expected to reach US$22.4 bln by 2020 showing a compound annual growth rate of 8.3%. Asia-Pacific currently dominates the market for EPS followed by North America and Europe. The APAC EPS market demands for higher consumption due to its larger population needs and their growing activities across the constructions and packaging industries. The major trend driving the expanded polystyrene (EPS) market is the huge demand from the building and construction sector, which finds its usefulness in a myriad of applications such as floor insulation, insulation foam for closed cavity walls, and roofs. Rising continuous rise of environmental concerns has resulted in a new legislation that threatens EPS manufacturers, and the rising raw material costs may dampen the overall growth during the period.
25-Jan-16 
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