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Extruded Polystyrene Insulation Materials Market [ADVANTAGES] Likely to Emerge over a Period of 2021 – 2030

United State-Extruded polystyrene (XPS) are thermoplastic polymers manufactured through the extrusion process. These polymers are highly moisture resistant and possess excellent insulation properties due to their closed cell structure. These are also characterized by high compressive strength, easy installation & handling, and long-term thermal performance. XPS is suitable for use in both interior and exterior applications in cold storage installations, rail beds, transmission line power foundations, walkaways, under concrete floors, parking decks, underground utility lines, fountain foundations, and other load-bearing applications.

The global extruded polystyrene insulation materials market was valued at $2,418 million in 2016, and is expected to reach $3,827 million by 2023, registering a CAGR of 6.5% from 2017 to 2023.

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Increase in construction spending, rise in popularity of energy-efficient building systems, and demand for insulation against high temperature from the residential sector drive the insulation XPS market growth. However, the fluctuating raw material prices and concerns due to presence of toxic chemicals are expected to hinder this growth. Furthermore, rise in awareness about energy-efficient buildings and development of XPS without the use of fluorochlorohydrocarbons provide lucrative opportunities for growth in the market.

The extruded polystyrene insulation materials market is segmented on the basis of application and geography. Based on application, it is divided into residential construction and non-residential construction. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major market players are actively involved in the development and launch of new XPS products to enhance their product portfolio and strengthen their position in the global market. For example, Dow Building Solutions, a part of The Dow Chemical Company, enhanced XENERGY, its XPS roofing insulation brand, by launching a complimentary insulation product, XENERGY LG for flat roof construction in June 2016. BASF SE also launched Styrodur 3000 CS to expand its Styrodur product range, with improved thermal conductivity and quick installation properties.

Top players in extruded polystyrene insulation materials market include:

BASF SE
The Dow Chemical Company
Honeywell International Inc.
Kingspan plc
Bayer Material Science
ITW Insulation Systems
Saint-Gobain S.A.
Evonik Industries AG
Knauf Insulation
E. I. du Pont de Nemours and Company

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KEY BENEFITS

This report offers a detailed quantitative analysis of current market and estimations from 2015 to 2023 that assist to identify the prevailing market opportunities to capitalize on in the extruded polystyrene insulation materials market.
In-depth coverage of the market, including drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
Detailed study of the strategies of key leaders in the market is provided.
Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Pinpoint analysis of geographical segments identifies opportunities for growth within the market.

COVID-19 Impact

The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the Extruded Polystyrene Insulation Materials Market also experienced a slowdown. Statista estimates that the chemical industry’s total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the chemical industry generated revenues of US$ 5.4 trillion at a record high.

The degree of competition among prominent global companies has been developed by analyzing several leading Extruded Polystyrene Insulation Materials Market , including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.

A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries.

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Extruded Polystyrene Insulation Materials Market Key Segments

By Application

Residential Construction
Non-Residential Construction

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Turkey
Russia
Rest of Europe
Asia-Pacific
China
Japan
Korea
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
Rest of LAMEA

Other prominent market players are as follows:

Delta Power Solutions
Foamex
Huntsman Corporation
Atlas Roofing Corporation
GAF Materials Corporation
Foster Engineering Pte. Ltd.
Shenzhen Mysun Insulation Materials Co Ltd.
Austrotherm
OMNIE
URSA Insulation, S.A.

Table of Content:

  • Market Definition and Overview
  • Research Method and Logic
  • Market Competition Analysis
  • Product and Service Analysis
  • Strategies for Company to Deal with the Impact of COVID-19
  • Market Segment by Type, Historical Data and Market Forecasts
  • Market Segment by Application, Historical Data and Market Forecasts
  • Market by by Region, Historical Data and Market Forecasts
  • Market Dynamic Analysis and Development Suggestions

Key Questions Answered in the Market Report

• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies?
• What is the outlook for the impact market during the forecast period 2021-2030?
• What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration?
• What is the end user perception toward?
• How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021?
• What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration?
• What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration?
• What are the key strategies adopted by companies in the impact market?
• What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030?
• What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market?
• Who are the key end users of pharmaceutical quality? What is their respective share in the impact market?
• Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030?
• Which are the key players in the impact market?

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