Polystyrene foam is a semi-finished product made from Styrene monomer. Based on the type of manufacturing process it undergoes, Polystyrene is divided into two types: expanded and extruded. As the name suggests, expanded Polystyrene (EPS) is made by expanding Polystyrene using gas, whereas extruded polystyrene (XPS) is an extruded product.
EPS is a rigid, closed cell, thermoplastic foam material produced from solid beads of polystyrene by gas expansion. The gas expands when heat in the form of steam is applied, thus forming closed cells of EPS. EPS has a more cellular structure and fragments into individual beads when broken. XPS has a more closed-cell structure and when examined closely it is possible to tell EPS from XPS. EPS foam thermal insulation sheets have a spectrum of applications in the building sector. Applications include use in ceilings and walls of buildings and pipes to isolate the heat. In buildings, thermal insulation is essential to save energy costs on HVAC systems. When a building is properly insulated thermally, there is less or no transfer of heat energy into the building, thus keeping the building at the occupant’s preferred temperature.
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Extruded Polystyrene (XPS) thermal insulation board is a rigid foam board having closed cell structure and is produced in a fully automated continuous extrusion process. Its unique properties of high compressive strength, higher R value and low water absorption makes it an ideal insulating material for roofs, walls and floors. Thus, Polystyrene foam insulation is employed by building constructors to regulate a building’s internal temperature. EPS foam is also used in thermal insulation for refrigeration cabinets. Apart from insulation boards and panels, Polystyrene foam molded parts are used in food and non-food packaging and in other storage applications. EPS is lightweight and is used in the production of food packaging. An XPS food container is 40 to 55% less than alternatives made of other polymeric materials.
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Key Market Players:
- Knauf Insulation
- Drew Foam
- Kingspan Group
- Sunpor Kunststoff GmbH
- Xella International
- DuPont
- ChovA
- Alpek
- Synthos S.A
- BASF SE
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Key Benefits for Polystyrene foam Market:
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current Polystyrene foam market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
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