Expandable Polystyrene Market Forecast to Reach $12 Billion by 2025 Implementation of Stringent Environment Regulations Driving the Growth of Expandable Polystyrene Market
BriefingWire.com, 4/04/2021 - Expandable Polystyrene Market is forecast to reach $12 billion by 2025, after growing at a CAGR of 4.7% during 2020-2025. With rise in the consumption of used for packaging, insulation and other industries. It is a closed cell, rigid foam material produced from Styrene (which forms the cellular structure), Pentane (which is used as a blowing agent). Growing public interest towards packaging products will further enhance the overall market demand for Expandable Polystyrene during the forecast period.
Key Takeaways
Asia-Pacific dominates the expandable polystyrene market owing to increasing demand from packaging, Building & construction industries among with others.