Global Extruded Polystyrene Industry To 2026 – Rising Demand From Residential Segments Drives Growth – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The report “Extruded Polystyrene Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” has been added to ResearchAndMarkets.com offer.

The global extruded polystyrene market is expected to register a CAGR of over 4% during the forecast period (2021-2026).

Companies mentioned

  • Austrotherm

  • BASF SE

  • DiversiFoam products

  • DuPont

  • EMIRATES POLYSTYRENE EXTRUDED LLC

  • Saint-Gobain ISOVER

  • JACKON Isolation GmbH

  • Kingspan Group

  • Knauf insulation

  • Owens Corning

  • Ravago Group Greece

  • Soprema Group

  • Synthos

  • TECHNICAL

  • URSA

  • Versalis SpA

Key market trends

Growing demand from the residential segment

  • Extruded polystyrene (XPS) is a thermoplastic polymer that has a closed cell structure and is considerably stronger with higher mechanical performance, but is more expensive than its near-substituted expanded polystyrene (EPS).

  • Extruded polystyrene is widely used in residential buildings in the form of rigid foam for the insulation of floors, roofs, walls, ceilings and balconies due to its properties of high compressive strength and resistance. humidity.

  • In addition, extruded polystyrene is the most widely used in green building insulation due to its ability to reduce energy consumption by 6-8% and also its ability to reduce greenhouse gas emissions, namely carbon dioxide and methane.

  • The global residential building construction industry is expected to register a CAGR of over 10% during the forecast period due to which the demand for extruded polystyrene is expected to increase which will propel the extruded polystyrene market.

  • According to the World Bank and the editor’s analysis, the construction industry spending worldwide in 2019 was $ 12 trillion and is expected to reach an estimated value of $ 15.3 trillion in 2019. 2026, which will create the demand for building walls.

  • The US Census Bureau has granted more permits for the construction of new residential buildings due to the current trend towards a multi-family building, as well as an increase in migration to cities.

  • According to the US Census Bureau, construction spending in the United States, both private and public, in 2020 is approximately $ 1.4 trillion. In addition, according to StatCan, the gross domestic product at basic prices of the construction industry in Canada in 2019 was approximately C $ 141.22 billion and is expected to increase during the forecast period.

The Asia-Pacific region will dominate the market

  • The Asia-Pacific region is expected to dominate the extruded polystyrene market during the forecast period. In countries like China and India, due to growing populations, industrialization, urbanization and living standards, the demand for extruded polystyrene has increased in the region.

  • The Asia-Pacific region accounted for more than 40% of the global consumption of extruded polystyrene due to the growth of various sectors, namely banking, telecommunications, information technology, financial services and insurance.

  • The governments of countries like India, China and Japan have focused on reducing greenhouse gas emissions due to which the adoption of green buildings is increasing in the region and the demand for extruded polystyrene increases as it reduces emissions of harmful gases like carbon dioxide and methane.

  • The Indian government has allocated $ 63 billion for the infrastructure sector in 2019-2020 and plans to spend $ 1.4 trillion over the next five years.

  • In India, the construction sector by value is expected to register a CAGR of 15.7% to reach $ 738.5 billion by 2022.

  • The construction sector in India has grown faster due to increased investment and increased purchasing power of people. Government of India supports higher growth of construction sector through its programs: “Pradhan Mantri Awas Yojana (PMAY)” program aims to build 20 million urban houses and 30 million rural houses by 2022 .

  • Increased infrastructure development spending is expected to propel the extruded polystyrene market. For example, China is investing US $ 1.43 trillion over the next five years to 2025, in large construction projects. According to the National Development and Reform Commission (NDRC), Shanghai’s plan calls for an investment of USD 38.7 billion over the next three years, while Guangzhou signed 16 new infrastructure projects and an investment of 8. , 09 billion USD.

Main topics covered:

1. INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growth in construction and construction activities

4.1.2 Increasing demand for insulation materials

4.2 Constraints

4.2.1 High cost of extruded polystyrene

4.2.2 Negative impact of the COVID-19 pandemic

4.2.3 Other restrictions

4.3 Industry Value Chain Analysis

4.4 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Residential

5.1.2 Commercial

5.1.3 Infrastructure

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and acquisitions, joint ventures, collaborations and agreements

6.2 Market share (%) / Ranking analysis

6.3 Strategies adopted by the main actors

6.4 Company profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Growing demand for durable solutions

7.2 Other opportunities

For more information on this report, visit https://www.researchandmarkets.com/r/l0c720


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