Saving Energy With EPS: Ceresana Examines the World Market for Expandable Polystyrene

According to the latest, and already fifth, edition of the "Expandable Polystyrene" market study, a total of around 7.2 million tonnes of EPS was consumed worldwide in 2022 – half a million tonnes more than five years ago.
KONSTANZ, Germany - April 3, 2023 - PRLog -- Rising energy costs are fueling the market for insulation materials, despite a weakening construction industry. Ceresana has investigated the world market for the best-selling insulation material: EPS foam. Traded under brand names such as Styropor or Airpop, it is the most widely used insulation material in the world.

EPS Renews the European Union

In Europe, real estate is still responsible for more than one third of final energy consumption and greenhouse gas emissions. Better building insulation is therefore a key objective of the "European Green Deal". In 2020, the EU Commission published the Renovation Wave Strategy: by 2030, EU states are to invest around EUR 200 billion a year in the energy modernization of homes and public buildings. Despite Brexit, the United Kingdom is also aligning itself with the European Energy Performance of Buildings Directive. Manufacturers and processors of expandable polystyrene are benefiting particularly from these initiatives.

Insulation and Packaging as Main Applications

EPS is a light, strong foam that can be shaped almost at will. The versatile material consists mainly of air and the foamed plastic polystyrene, plus flame retardants and other additives, for example graphite. Construction products are the main application for EPS, accounting for around 53% of global demand. Alternatives to EPS are glass and rock wool, and increasingly also insulation materials based on renewable raw materials. In Asia-Pacific and the Americas in particular, EPS is used not only for insulation purposes but also on a large scale for packaging, for example for beverage cups, fish boxes or the transport of electronic products. Worldwide, packaging accounts for over 41% of EPS demand.

Fifth edition of the Ceresana market study "Expandable Polystyrene – EPS"

Chapter 1 looks at the world market for Expandable Polystyrene: EPS production and demand volumes as well as import, export and revenues generated are given for the regions of Western and Eastern Europe, North and South America, Asia-Pacific, the Middle East and Africa. Forecasts up to 2032 are provided for this purpose. Chapter 2 analyzes EPS market data for the 25 most important countries, that is, country-specific production and demand volumes, import and export figures, and revenue volumes for each. Furthermore, the demand for EPS is broken down for various application areas: packaging, construction, industry, as well as other applications. Chapter 3 is a useful directory: Company profiles of the 46 most significant EPS manufacturers.

Further information about the market study "Expandable Polystyrene – EPS" (5th edition):

Martin Ebner
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