India Expanded Polystyrene Market Size & Outlook
India expanded polystyrene market, 2018-2030 (US$M)
Related Markets
India expanded polystyrene market highlights
- The India expanded polystyrene market generated a revenue of USD 898.9 million in 2023 and is expected to reach USD 1,735.6 million by 2030.
- The India market is expected to grow at a CAGR of 9.9% 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 898.9 million |
| Market revenue in 2030 | USD 1,735.6 million |
| Growth rate | 9.9% (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, India accounted for 8.4% 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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India 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 62.18% in 2023. Horizon Databook has segmented the India expanded polystyrene market based on white, grey covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for expanded polystyrene in the country has been growing rapidly owing to the flourishing construction industry. Growing middle-class population, improving standard of living, and rising disposable income are the major factors contributing to the growth of construction industry, which, in turn, is expected to generate a demand for EPS over the forecast period.
Furthermore, government initiatives, such as Make in India, Smart Cities Mission, Housing for All, and 100% FDI permitted through automatic route in infrastructure sector, are likely to boost the growth of construction industry in the country in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the India expanded polystyrene market , including forecasts for subscribers. This country databook contains high-level insights into India expanded polystyrene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India expanded polystyrene market size, by product, 2018-2030 (US$M)
India Expanded Polystyrene Market Outlook Share, 2023 & 2030 (US$M)
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