The Europe Polystyrene Market would witness market growth of 3.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 2,108.5 Kilo Tonnes, showcasing a growth of 3.1% (2019-2022).
EPS, a versatile form of polystyrene, finds extensive use in packaging, insulation, and construction. Its cellular structure, consisting of numerous tiny, closed cells, gives it excellent insulation properties, making it an ideal choice for insulating buildings and transporting temperature-sensitive goods. General purpose polystyrene (GPPS) is a transparent and rigid form, commonly used to produce disposable items, optical devices, and consumer electronics casings. Its clarity and ease of processing make it suitable for applications where transparency is a key requirement.
The push towards sustainability has influenced the market, developing more eco-friendly alternatives. Manufacturers are exploring bio-based and recycled polystyrene to reduce environmental impact. Additionally, there is a growing trend towards recycling waste to mitigate concerns about its persistence in landfills. Continuous innovation in processing techniques has paved the way for enhanced properties and applications. Advanced molding technologies allow the production of intricate designs and customized solutions, expanding its use in diverse industries.
As per Destatis, in 2022, the total number of building permits for construction in Germany was 217,586. In Germany, where energy efficiency in buildings is a priority, polystyrene insulation is widely used to enhance the thermal performance of walls, roofs, and foundations, reducing energy consumption for heating and cooling. This insulation in building construction aligns with energy efficiency regulations and standards in Germany. Due to the above-mentioned factors, the market will grow significantly in this region.
The Germany market dominated the Europe Polystyrene Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,129.1 Million by 2030. The UK market is exhibiting a CAGR of 2.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.2% during (2023 - 2030).
Based on Form Type, the market is segmented into Foams, Injection Molding, Films & Sheets, and Others. Based on End-Use, the market is segmented into Packaging, Building & Construction, Consumer Goods, Electrical & Electronics, and Others. Based on Resin Type, the market is segmented into High Impact Polystyrene (HIPS), General Purpose Polystyrene (GPPS), and Expandable Polystyrene (EPS). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Polystyrene Market will Hit $54.8 Billion by 2030, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SABIC (Saudi Arabian Oil Company), Alfa, S. A. B. de C. V., BASF SE, CHIMEI Corporation, TotalEnergies SE, INEOS Styrolution Group GmbH, Atlas Roofing Corporation (Atlas Molded Products) (Hood Companies, Inc.), Trinseo PLC, LG Chem Ltd. (LG Corporation), and Synthos S.A.
By Form Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Resin Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 