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Growing urbanization is one of the major factors driving the global polystyrene foam market revenue growth

VANCOUVER, BRITISH COLUMBIA, CANADA, June 3, 2024 /EINPresswire.com/ -- The global Polystyrene foam market size was USD 27.80 Billion in 2022 and is expected to register a revenue CAGR of 4.2% during the forecast period, according to latest analysis by Emergen Research. Increasing urbanization, rising demands for protective packaging, growing consumption of polystyrene foams in food packaging, and significant advancements in polystyrene foam development are some of the key factors driving the global polystyrene foam market revenue growth.

Polystyrene (PS) is a rigid resin that is durable and purely transparent. It is a commonly used plastic created through polymerization of styrene. It is utilized as stiff containers, trays, disposable bowls and plates etc. in the food service industry. PS foams also provide prevention of bacterial contamination in the food items, safety for temperature-sensitive food products, and lowered transportation and packaging costs. This results in its application in the food packaging industry by the launch of innovative PS foam products by major companies. For instance, on 25 January 2022, Tekni-Plex Consumer Products announced the launch of a revised Dolco ProPlus egg carton that includes 25% post-consumer recycled (PCR) foam polystyrene.

The latest study on the  Polystyrene Foam Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2024 – 2032.Polystyrene Foam Market Relevant data on the sudden shift in consumer preferences, spending power and consumption volume worldwide further makes this study more precise. Special emphasis on recent developments including collaborations, joint ventures, mergers & acquisitions and technology upgrades occupies an important section in the study. The SWOT analysis performed during the study identifies the strengths, weaknesses, threats and opportunities in store for key vendors operating

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Some of the key participants in this Polystyrene Foam Market industry include:

DuPont, Alpek S.A.B. de C.V., Arkema, BASF SE, KANEKA CORPORATION, Versalis S.p.A., Wuxi Xingda foam plastic new material Limited, Synthos, Tamai Kasei Corporation, TotalEnergies, Xella International, Epsilyte LLC, Kingspan Group, SUNPOR, Knauf Insulation, Drew Foam, ChovA, Sealed Air, Carpenter Co., and NOVA Chemicals Corporate.

Global Polystyrene Foam Market Research Objectives:

To provide deep understanding of the Polystyrene Foam industry.

To highlight the critical data of each segment at extensive level.

To determine key success factors in different segments of Polystyrene Foam industry.

To highlight the trends in specific sectors.

To give insights into key segments.

To carry economic analysis, build quantitative and financial models of global Polystyrene Foam industry and individual segments.

Explore Detailed Insights on Polystyrene Foam Market @ https://www.emergenresearch.com/industry-report/polystyrene-foam-market

The report studies the impact of the COVID-19 pandemic on the   Polystyrene Foam Market .The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.

Market Drivers

Expanding Packaging Industry
One of the primary drivers of the polystyrene foam market is the robust growth of the packaging industry. Polystyrene foam is widely used for packaging due to its excellent cushioning and protective properties. It is used to package a variety of products, from electronics and appliances to food and beverages. The increasing demand for safe and efficient packaging solutions, driven by the growth of e-commerce and retail sectors, is propelling the market.

Growth in the Construction Sector
The construction industry is another significant consumer of polystyrene foam. It is used in insulation, roofing, and other building materials due to its excellent thermal insulation and moisture-resistant properties. The rising construction activities, particularly in developing regions, and the growing emphasis on energy-efficient buildings are driving the demand for polystyrene foam in construction applications.

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Segmentation :

Emergen Research has segmented global polystyrene foam market on the basis of foam type, process type, resin type, end-use, and region:

Foam Type Outlook (Revenue, USD Billion; 2019-2032)
Expanded Polystyrene (EPS)
Extruded Polystyrene (XPS)
Others

Process Type Outlook (Revenue, USD Billion; 2019-2032)
Extruded
Injection Molded
Vacuum Formed
Others

Resin Type Outlook (Revenue, USD Billion; 2019-2032)
Polyurethane Foam
Polystyrene Foam
PVC Foam
Polyolefin Foam
Others

End-Use Outlook (Revenue, USD Billion; 2019-2032)
Building and Construction
Packaging
Construction and Industrial Insulation
Automotive
Marine
Others

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Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.

The report offers the present scenario and future growth prospects Market in various geographical regions.

The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.

The SWOT analysis is conducted along with Porter's Five Force analysis.

The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Eric Lee
Emergen Research
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sales@emergenresearch.com
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