U.S. Expanded Polystyrene Market Size & Outlook, 2023-2030
U.S. expanded polystyrene market, 2018-2030 (US$M)
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U.S. expanded polystyrene market highlights
- The U.S. expanded polystyrene market generated a revenue of USD 1,356.0 million in 2023 and is expected to reach USD 2,542.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.4% 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 1,356.0 million |
| Market revenue in 2030 | USD 2,542.7 million |
| Growth rate | 9.4% (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, U.S. accounted for 12.7% 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 North America, U.S. expanded polystyrene market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,542.7 million by 2030.
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Expanded Polystyrene Market Scope
Expanded Polystyrene Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 67.74% in 2023. Horizon Databook has segmented the U.S. expanded polystyrene market based on white, grey covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. dominated the North American expanded polystyrene market and is expected to be one of the fastest-growing markets in the region in 2019. The rising demand for the product from the construction and packaging sectors in the U.S. is expected to drive the market over the forecast period. The U.S. packaging industry has been experiencing positive demand across various end-user sectors such as in consumer goods, retail, food, and pharmaceuticals in the country.
The rising demand is attributed to high levels of urbanization and increasing penetration of e-commerce, and the packaged and processed food market in the country. Moreover, the outbreak of COVID-19 has further catalyzed the demand for online shopping and the packaged and processed food owing to several restrictions on the movement and social distancing measures imposed by the government, which, in turn, is expected to boost the demand for expanded polystyrene in the coming years.
The construction sector in the U.S. is expanding at a significant rate owing to positive market fundamentals for commercial real estate and a strong economy along with rising state and federal funding for institutional buildings and public works. For instance, in March 2020, the U.S. government announced an investment worth USD 2 trillion as a part of coronavirus response for the development of infrastructure including renovation of old buildings, roads, and other infrastructure.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. expanded polystyrene market , including forecasts for subscribers. This country databook contains high-level insights into U.S. expanded polystyrene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. expanded polystyrene market size, by product, 2018-2030 (US$M)
U.S. Expanded Polystyrene Market Outlook Share, 2023 & 2030 (US$M)
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