Asia Pacific Expanded Polystyrene Market Size & Outlook
Asia Pacific expanded polystyrene market, 2018-2030 (US$M)
Related Markets
Asia Pacific expanded polystyrene market highlights
- The Asia Pacific expanded polystyrene market generated a revenue of USD 4,383.5 million in 2023.
- The market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, white was the largest revenue generating product in 2023.
- White is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,383.5 million |
| Market revenue in 2030 | USD 8,280.4 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | White |
| Fastest growing segment | White |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | White, Grey |
| Key market players worldwide | Atlas Roofing, Alpek SA Class A, Basf SE, Kaneka Corp, Sibur, TotalEnergies SE, Koch Industries, STMicroelectronics NV ADR, Ravago Chemicals, Eni, SABIC, SUTL Enterprise Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.9% of the global expanded polystyrene market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,280.4 million by 2030.
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Expanded Polystyrene Market Scope
Expanded Polystyrene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific expanded polystyrene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to expanded polystyrene market will help companies and investors design strategic landscapes.
White was the largest segment with a revenue share of 62.15% in 2023. Horizon Databook has segmented the Asia Pacific expanded polystyrene market based on white, grey covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to be one of the largest and fastest-growing markets over the forecast period, primarily fueled by the ascending demand for the product from key applications, including automotive, packaging, and construction, in emerging economies such as China and India.
Asia Pacific construction industry is the fastest growing market across all regions. Rising urbanization, rising disposable income, and government initiatives, such as the “housing for all” in India, are fueling the growth of construction industry in this region.
The pandemic has led to the limitations on cross-border trade, lockdowns of major cities, and waning consumer demand that has severely affected the regional manufacturing and construction activities and compelled several manufacturers and contractors to either close or slow down their operations to contain the spread of the virus, which is expected to hamper the product demand in the third and fourth quarters of 2020.
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Target buyers of Asia Pacific expanded polystyrene market databook
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Our clientele includes a mix of expanded polystyrene market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific expanded polystyrene market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific expanded polystyrene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific expanded polystyrene market size, by country, 2018-2030 (US$M)
Asia Pacific Expanded Polystyrene Market Outlook Share, 2023 & 2030 (US$M)
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