Polystyrene and Expandable Polystyrene market to reach US$42.11 bln by 2020

21-Jan-15

Polystyrene and Expandable Polystyrene (EPS) market for building & construction, electrical & electronics, packaging and other will expand at a CAGR of 4.7% between 2014 and 2020. The global polystyrene and EPS market had a net worth of US$30.66 bln in 2013 and is further anticipated to reach US$42.11 bln by 2020, as per Transparency Market Research. Growing demand from packaging industry in BRICS nations and global consumer electronics industry is expected to fuel the growth of the global polystyrene & EPS market. Volatility in prices of raw materials and availability of high performance substitutes is anticipated to hamper market growth during the forecast period. Recycling of polystyrene is likely to create opportunities for the players in the market.