Strong Growth in Construction and Packaging to drive the demand for APACHE Expanded Polystyrene Market

Asia-Pacific Expanded Polystyrene market is expected to reach US$10.4 billion by 2018 - New Report by MicroMarket Monitor. The Expanded Polystyrene Market (EPS) market continues to be a two-speed market in terms of end-uses, as the demand into the packaging segment is not growing as fast as construction applications. In fact, packaging demand is forecast to grow much below the global GDP, while the growth in the building or construction sector will be considerably higher. Its diverse range of applications drives the global EPS market and increasing R&D efforts, that makes EPS highly resourceful. There exists 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. The growing EPS demand from the construction and packaging markets is notable in key countries at global levels. New technology and innovations emerge commercially, and would be quite effective for the growth of EPS in the future as per MicroMarket Monitor. The APAC region dominated the global EPS market, with 46% of the total revenue in 2012. China alone shared 40.0% of the global EPS consumption in 2012. The Indian EPS market, one of the fastest amongst major consuming countries, is expected to grow at a CAGR of 11.2% from 2013 to 2018. The APAC region dominated the global EPS market, and is expected to show the highest growth while sharing more than 50% of the global market. The Asia-Pacific expanded polystyrene market was valued at US$7.0 billion in 2013, to grow at 8.1% annually. It is projected to reach US$10.4 billion by the end of 2018. Asia-Pacific constitutes 49.6% of the global expanded polystyrene market, and is poised to grow its market share to 53.0% by the end of 2018. Recuperation in construction will boost the EPS demand in North America. The North American expanded polystyrene market was valued at US$1.3 billion in 2013, to grow at a CAGR of 6.2%. It is projected to reach US$1.8 billion by the end of 2018. North America constitutes 9.4% of the global expanded polystyrene market, and its market share is set to decline to 9.2% by the end of 2018. The North American expanded polystyrene market is segmented on the basis of applications including packaging, building and construction among others. An increase in the proposals for improvement of infrastructure and the rising housing market in emerging economies will drive the EPS market. Eastern and Central European nations such as Russia and Brazil, that host the next Winter Olympics 2014 and Summer Olympics 2016 respectively along with other global events, would supplement the growth of EPS. The European expanded polystyrene market was valued at US$4.7 billion in 2013, to grow at a CAGR of 4.4%. It is projected to reach US $5.9 billion by the end of 2018. Europe constituted 33.6% of the global expanded polystyrene market, and is poised to decline its market share to 30.2% by the end of 2018. Developing and emerging countries can capitalize on an increasing per capita consumption of packaging materials and other EPS-based products. The expanded polystyrene market in South America, Africa, and the Middle East accounted for $1.1 billion in 2013, and is projected to grow at a CAGR of 7.2% to reach $1.5 billion by 2018. The market in South America, Africa, and the Middle East constituted 7.4% of the global expanded polystyrene market, and is poised to grow its share to 7.6% by 2018. The expanded polystyrene market in South America, Africa & Middle East is segmented on the basis of applications into packaging and building and construction.