May 25, 2018   SOURCE: BusinessWire

North America Expanded Polystyrene Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

The "North America Expanded Polystyrene Market - Segmented by Product Type, Application and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The North America expanded polystyrene market is expected to witness a CAGR of approximately 3.1%, during the forecast period.

Owing to the cost effectiveness offered by EPS, it is one of the most popular materials used for insulation in the construction industry. EPS costing is nearly 25% - 50% lesser than other insulation materials. EPS insulation system retains just 5% moisture compared to 19% in case of XPS, when both were buried under soil for 15 years.

The construction industry is the largest consumer of EPS in North America. Owing to its lightweight, durability, thermal efficiency, shock absorption, moisture resistance, and easy-to-use characteristics, EPS is used in the building & construction sector. Sheathing is one of the most basic and widely used applications for EPS insulation in residential and commercial constructions. With the growth in the number of construction projects in United States, the demand for expanded polystyrene is likely to grow. These projects include expansion and renovation of the JFK Airport, Jamaica NY - which has a project value of USD 10,000 million.

There has been a growth in the construction activities and rise in renovation & repair construction activities in the United States owing to the increasing investments in the sector. Some of the major upcoming construction projects in the country include the construction of PHASE 3 of the Second Avenue Subway Project - MTA - New York City Transit with a project value of 14,200 USD million, PSE & G Nuclear Power Station in New Jersey with a project value of 14,000 USD million and 660 Fifth Avenue in New York with a project value of 7,500 USD million. This has provided growth opportunities to the EPS market in the country.

Companies Mentioned

  • Alpek S.A.B. de C.V
  • BASF SE
  • Flint Hills Resources
  • LG Chem
  • Nova Chemicals Corporation
  • NOVIDESA S.A. De C.V.
  • Polioles SA de CV
  • Ravago
  • SABIC
  • StyroChem International
  • Styropek USA
  • Total S.A.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

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