Expanded Polystyrene Market Market Analysis, Size And Forecasts To 2022: Grand View Research, Inc

Increasing packaging demand and ever-expanding construction industry are expected to remain key factors driving global EPS market. EPS is estimated to gain market share in major end-use industries as an alternative to other packaging materials on account of its intrinsic properties such as excellent thermal insulation, lightness in weight and enhanced rigidity. Growing requirement for lightweight materials in automotive and electronics manufacturing has fueled EPS market growth over the past few years. Expanded polystyrene is also used as thermal insulation material for flooring, roofing applications in construction industry. Increasing infrastructure spending in emerging economies such as China, India, Brazil and South Africa is expected to drive global expanded polystyrene market. Growth of niche applications such as plastic cutlery, disposable razors, CD cases and petri dishes are expected to have a positive impact on the market growth over the next six years.
http://www.grandviewresearch.com/industry-analysis/expanded-polystyrene-eps-market