Articles | In-Depth Analysis | Research/ Review Paper

Polystyrene Foam Market worth $32.2 billion by 2026 – At a CAGR of 4.1%

Published: October 30, 2023
Author: TEXTILE VALUE CHAIN
According to a new market research report, the Polystyrene Foam Market by Resin Type (EPS AND XPS), End-use Industry (Construction and Industrial Insulation, Packaging, Building and Construction), Region(APAC, Europe, North America, South America, and Middle East & Africa) – Global Forecast to 2026″, The global Polystyrene Foam market size will grow to USD 32.2 billion by 2026 from USD 26.4 billion in 2021, at a CAGR of 4.1% during the 2021-2026 period. The use of Polystyrene Foam in building & construction, packaging industry and others is expected to increase in APAC in the next five years.

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  • 154 Market data Tables
  • 63 Figures
  • 206 Pages and in-depth TOC on “Polystyrene Foam Market – Global Forecast to 2026″

This report also provides a comprehensive analysis of the companies listed below:

Loyal Group (China), Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China), BASF SE (Germany), Synthos (Poland), Jiangsu Leasty Chemicals (China), Sunpor Kunststoff GmbH (Austria), Versalis S.p.A (Italy), BEWiSynbra Group (Sweden), and Ravago (Luxembourg)

These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, partnership & agreement to grow in the market. Merger & acquisition was the key strategy adopted by the major players between 2021 and 2026. This strategy strengthened their market position and increased their presence in emerging economies.


Loyal Group
 is the biggest EPS manufacturer in Asia. The company also produces high impact polystyrene and general grade polystyrene products. It is based in China, where its manufacturing and research facilities are primarily located. The company manufactures various grades of EPS as well as XPS foam products. Export level products are primarily manufactured without the HBCD (Hexabromocyclododecane) additive as it has been banned in many international markets. Loyal Group has a total production capacity of over 1.5 million tons per year. The company offers excellent quality of Expandable Polystyrene to over 60 countries.

Wuxi Xingda manufactures and sells EPS products. The products under the XIFA brand EPS series produced by the company are widely used in the packaging, construction, decoration, transportation, and infrastructure applications, among others. The company operates as a subsidiary of Xingda Investment Group Co., Ltd. Wuxi Xingda’s EPS production capacity ranks top three in the world. The company produces 1,350 kilotons per year. The company’s EPS products have been sold in more than 30 provinces in China and exported to over 20 countries and regions in Europe, America, Oceanian, and Middle East.

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