US Expandable Polystyrene (EPS) Market Size (2024 - 2029)

The US Expandable Polystyrene (EPS) market is anticipated to experience growth over the forecast period, driven by increased construction activities and expansion in the packaging sector. Despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and halted construction, the market is expected to recover and continue its growth trajectory. However, the presence of green alternatives and the country's slow economic growth may pose challenges to this expansion. Nonetheless, recycling within the EPS industry presents a potential opportunity for further market development.

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Market Size of US Expandable Polystyrene (EPS) Industry

US Expandable Polystyrene (EPS) Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.91 %
Market Concentration High

Major Players

US Expandable Polystyrene (EPS) Market Major Players

*Disclaimer: Major Players sorted in no particular order

United States Expandable Polystyrene (EPS) Market Analysis

The US Expandable Polystyrene (EPS) Market size is expected to grow from 376.84 kilotons in 2023 to 434.95 kilotons by 2028, at a CAGR of 2.91% during the forecast period (2023-2028).

The market was negatively impacted due to COVID-19 in 2020. Owing to the pandemic, the country went into lockdown to curb the spread of the virus. The supply chain disruptions, construction work stoppages, and labor shortages negatively affected the market. Due to the pandemic, construction activities have been halted and postponed in 2020. However, the condition is expected to recover in the post-pandemic period, restoring the growth trajectory and benefitting the market studied.

  • Over the medium term, increasing construction activities in the country à nd growth in the packaging sector are expected to drive the market's growth.
  • On the flip side, the availability of green alternatives and the slow economic growth of the country may hinder market growth.
  • Recycling in the EPS industry is likely to act as an opportunity for market growth in the near future.

United States Expandable Polystyrene (EPS) Industry Segmentation

Expanded polystyrene (EPS) is a thermoplastic that blends intense lightweight with flexible power and thermal insulation derived from pre-expanded polystyrene beads.

The United States Expandable Polystyrene (EPS) Market is segmented by Type (White and Grey and Silver) and End User (Building and Construction, Packaging, and Other End Users). The report offers market size and forecasts for volume (tons) for all the above segments.

By Type
White
Grey and Silver
By End User
Building and Construction
Packaging
Other End Users
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US Expandable Polystyrene (EPS) Market Size Summary

The US expandable polystyrene (EPS) market is poised for growth, driven by increasing construction activities and advancements in the packaging sector. Despite the initial setbacks caused by the COVID-19 pandemic, which led to supply chain disruptions and halted construction projects, the market is expected to recover and regain its growth trajectory. The introduction of modified EPS, enhanced with flame retardants and graphite, has created a competitive landscape, catering to diverse applications such as packaging and insulation. The rising demand for flexible packaging, particularly in the e-commerce sector, is further propelling the market, with companies like Amazon leading the charge in transforming packaging solutions. However, the availability of eco-friendly alternatives and the slow economic growth in the country pose potential challenges to market expansion.

The United States, being a major industrialized nation, boasts a robust construction sector that significantly contributes to the demand for EPS. Innovations like gray EPS, which offers improved thermal insulation properties, are gaining traction, especially in housing renovations aimed at reducing power costs. The market is characterized by a high level of consolidation, with key players such as Epsilyte Holdings LLC, NexKemia, Flint Hills Resources, Alpek S.A.B. de C.V., and SABIC dominating the landscape. Recent strategic moves, such as NexKemia's acquisition of a polystyrene recycling company and Epsilyte's expansion of production facilities, underscore the industry's focus on enhancing capacity and sustainability. These developments, coupled with the ongoing trends in construction and packaging, are expected to shape the future of the EPS market in the United States.

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US Expandable Polystyrene (EPS) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Construction Activities in the Country

      2. 1.1.2 Increasing Demand from Packaging Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Availability of Green Alternatives

      2. 1.2.2 Other Restraints

    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 Consumers

      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

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

    1. 2.1 By Type

      1. 2.1.1 White

      2. 2.1.2 Grey and Silver

    2. 2.2 By End User

      1. 2.2.1 Building and Construction

      2. 2.2.2 Packaging

      3. 2.2.3 Other End Users

US Expandable Polystyrene (EPS) Market Size FAQs

The US Expandable Polystyrene (EPS) Market is projected to register a CAGR of 2.91% during the forecast period (2024-2029)

NexKemia, Flint Hills Resources, Alpek S.A.B. de C.V., SABIC and Epsilyte Holdings LLC are the major companies operating in the US Expandable Polystyrene (EPS) Market.

United States Expandable Polystyrene (EPS) Market Report Snapshots

USA Expandable Polystyrene (EPS) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)