Europe Expanded Polystyrene (EPS) Market Size (2024 - 2029)

The Europe Expanded Polystyrene market is projected to experience growth over the forecast period, driven by rising demand from the food packaging and construction sectors. Despite this growth, the market faces challenges due to stringent government regulations and the emergence of green alternatives. Nonetheless, recycling within the expanded polystyrene industry presents a potential opportunity for market expansion.

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Market Size of Europe Expanded Polystyrene (EPS) Industry

Europe Expanded Polystyrene EPS Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 3.50 %
Market Concentration High

Major Players

Europe Expanded Polystyrene (EPS) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Expanded Polystyrene (EPS) Market Analysis

The Europe Expanded Polystyrene Market size is estimated at 2.13 Million tons in 2024, and is expected to reach 2.54 Million tons by 2029, growing at a CAGR of greater than 3.5% during the forecast period (2024-2029).

  • In the medium term, increasing demand from the food packaging and construction sectors is expected to drive the growth of the EPS market.
  • However, stringent government regulations and green alternatives are expected to hinder the market's growth.
  • Recycling in the expanded polystyrene industry is likely to act as an opportunity during the forecast period.

Europe Expanded Polystyrene (EPS) Industry Segmentation

Expanded polystyrene (EPS) is a foam plastic material produced from solid beads of polystyrene. It is primarily used for packaging, insulation, etc. Due to its lightweight properties, durability, thermal efficiency, shock absorption, moisture resistance, and ease of use, expanded polystyrene is used significantly in the building and construction sector.

The market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into white EPS and grey and silver EPS. By end-user industry, the market is segmented into packaging, building and construction, and other end-user industries. The report also covers the market size and forecasts for the European EPS market in nine countries across the region. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton).

Product Type
White EPS
Grey and Silver EPS
End-user Industry
Packaging
Building and Construction
Other End-user Industries
Geography
Germany
United Kingdom
Italy
France
Spain
Norway
Sweden
Denmark
Finland
Rest of Europe
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Europe Expanded Polystyrene (EPS) Market Size Summary

The European expanded polystyrene (EPS) market is poised for growth, driven by increasing demand from the food packaging and construction sectors. EPS is favored in the construction industry due to its properties such as low weight, durability, and thermal efficiency, making it ideal for applications like insulation, road construction, and as a lightweight fill material. The construction sector, particularly in countries like Germany, plays a significant role in the EPS market, with a substantial portion of EPS production being utilized in building and renovation projects. Despite the positive outlook, the market faces challenges from stringent government regulations and the rise of green alternatives. However, opportunities in recycling EPS present a promising avenue for market expansion.

Germany stands out as a key player in the European EPS market, with its robust construction industry driving demand for EPS in various applications, including green building designs. The country's focus on sustainability and energy efficiency has led to increased adoption of EPS, particularly in residential and commercial construction. The market is characterized by a partial concentration, with major players like BASF SE, Ravago, and BEWiSynbra Group dominating the production capacity. Strategic collaborations and acquisitions, such as BEWI's partnership with the Karl Bachl Group and the acquisition of Jackon, highlight the industry's commitment to sustainability and innovation. These developments, along with the ongoing demand for EPS in packaging solutions, are expected to bolster the market's growth trajectory in the coming years.

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Europe Expanded Polystyrene (EPS) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand From the Building and Construction Industry

      2. 1.1.2 Growing Demand From Food Packaging Industry

    2. 1.2 Restraints

      1. 1.2.1 Government Regulations

      2. 1.2.2 Alternative Materials For Expanded Polystyrene

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Import-Export Trends

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 White EPS

      2. 2.1.2 Grey and Silver EPS

    2. 2.2 End-user Industry

      1. 2.2.1 Packaging

      2. 2.2.2 Building and Construction

      3. 2.2.3 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 Italy

      4. 2.3.4 France

      5. 2.3.5 Spain

      6. 2.3.6 Norway

      7. 2.3.7 Sweden

      8. 2.3.8 Denmark

      9. 2.3.9 Finland

      10. 2.3.10 Rest of Europe

Europe Expanded Polystyrene (EPS) Market Size FAQs

The Europe Expanded Polystyrene Market size is expected to reach 2.13 million tons in 2024 and grow at a CAGR of greater than 3.5% to reach 2.54 million tons by 2029.

In 2024, the Europe Expanded Polystyrene Market size is expected to reach 2.13 million tons.

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