China Expanded Polystyrene Market Size & Outlook
China expanded polystyrene market, 2018-2030 (US$M)
Related Markets
China expanded polystyrene market highlights
- The China expanded polystyrene market generated a revenue of USD 1,041.4 million in 2023 and is expected to reach USD 2,038.6 million by 2030.
- The China market is expected to grow at a CAGR of 10.1% 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.
Expanded polystyrene market data book summary
| Market revenue in 2023 | USD 1,041.4 million |
| Market revenue in 2030 | USD 2,038.6 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | White |
| Fastest growing segment | White |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 9.7% of the global expanded polystyrene market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China expanded polystyrene market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,038.6 million by 2030.
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Expanded Polystyrene Market Scope
Expanded Polystyrene Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 62.09% in 2023. Horizon Databook has segmented the China expanded polystyrene market based on white, grey covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the fastest-growing economies in the world. The country accounted for a significant share of the global demand for EPS in 2019. The rising number of infrastructure development projects and the growing packaging industry are expected to boost the market growth over the forecast period. Rising urbanization and national commitment to reduce greenhouse gas emissions are fueling the demand for green buildings in the country.
Government initiatives, such as the 13th Five-Year Plan for Building Energy Efficiency and Green Building Development and State Council Green Building Action Plan, are boosting the growth of green building construction in China. According to the 13th Five-Year Plan for Building Energy Efficiency and Green Building Development released in 2017, the Ministry of Housing and Urban-Rural Development of China intends to achieve several targets by 2020.
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Our clientele includes a mix of expanded polystyrene market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the China expanded polystyrene market , including forecasts for subscribers. This country databook contains high-level insights into China expanded polystyrene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China expanded polystyrene market size, by product, 2018-2030 (US$M)
China Expanded Polystyrene Market Outlook Share, 2023 & 2030 (US$M)
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