United States Expandable Polystyrene Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 2.85% from 2023 to 2033
• The U.S. Expandable Polystyrene Market Size is expected to hold a significant share by 2033

The United States Expandable Polystyrene Market is anticipated to hold a significant share by 2033, growing at a CAGR of 2.85% from 2023 to 2033. The growing construction activities and demand from the packaging industry in the country are driving the growth of the expandable polystyrene market in the US.     

Market Overview

Expandable polystyrene (EPS), commonly known as styrofoam, is a thermoplastic made from pre-expanded polystyrene beads that are extremely lightweight, flexible, and thermal insulation. EPS is used in construction as an insulating material for foundations, walls, and roofs because it offers efficient energy use and good thermal resistance. As a cost-effective solution and energy-efficient insulation, EPS is widely used for the packaging of various consumer goods. The polystyrene market is growing, and opportunities within it are mostly dependent on green technologies. The creation of EPS variations that are better for the environment, like those with recycled or bio-based content, is in line with the rising need for sustainable materials. There is a rising implementation of recycling in the EPS industry that involves the collection, processing, and reuse of expanded polystyrene materials to address the environmental challenges of EPS.

Report Coverage

This research report categorizes the market for the US expandable polystyrene market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States expandable polystyrene market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the US expandable polystyrene market.

Driving Factors

United States is one of the world's most industrialized countries and home to several heavy, medium, and small-scale industries. Further, the inclination towards housing renovation and lower maintenance costs upsurges the market demand for expandable polystyrene. The increasing demand from the packaging industry in the country owing to population expansion, expanding spending power, fast urbanization, and the development of the retail sector are significantly contributing to driving the market.  

Restraining Factors

The country's slow economic growth and the availability of green alternatives may hamper market expansion.

Market Segmentation

The United States Expandable Polystyrene Market share is classified into product and application.

• The white segment dominated the market with the largest market share during the forecast period.

The United States expandable polystyrene market is segmented by product into white and grey. Among these, the white segment dominated the market with the largest market share during the forecast period. The white-colored expanded polystyrene is preferably used in construction and packaging because of its adaptability to provide thermal insulation in a range of building applications. The inclination towards housing renovation and lower maintenance costs are driving the market demand.

• The construction segment dominates the US expandable polystyrene market during the forecast period.       

Based on the application, the U.S. expandable polystyrene market is divided into construction, packaging, automotive, and others. Among these, the construction segment dominates the US expandable polystyrene market during the forecast period. Expanded polystyrene is used in infrastructure and building applications because of its lightweight and great insulating qualities. The rising adoption of EPS for enhancing building energy performance is propelling the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.S. expandable polystyrene market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• Dart Container Corporation
• Epsilyte Holdings LLC
• Flint Hills Resources
• Ravago
• SABIC
• NexKemia
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2023, NexKemia finalized the purchase of Prevost, Quebec-based polystyrene scrap collection and recycling company Eco-Captation.

• In July 2022, Epsilyte is debottlenecking an expandable polystyrene (EPS) plant in Illinois and has commissioned an engineering study to further increase the plant’s capacity, the US-based producer said.

Market Segment

This study forecasts revenue at U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Expandable Polystyrene Market based on the below-mentioned segments:

US Expandable Polystyrene Market, By Product

• White
• Grey

US Expandable Polystyrene Market, By Application

• Construction
• Packaging
• Automotive
• Others