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    Expanded Polystyrene Companies

    ID: MRFR/CnM/3407-HCR
    138 Pages
    Chitranshi Jaiswal
    October 2025

    Expanded polystyrene (EPS) has witnessed an upsurge in demand owing to its versatile applications across various industries. The market for EPS has seen growth due to its lightweight nature, excellent insulation properties, and durability. Its utilization in packaging, construction, and insulation materials has significantly contributed to its market expansion. With an increasing focus on sustainable and eco-friendly materials, EPS manufacturers are exploring recyclable and biodegradable alternatives to meet consumer demands while adhering to environmental regulations.

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    Expanded Polystyrene Market Research Report- Forecast to 2032 Infographic
    Summary Table of Contents Segmentation Download PDF

    Top Industry Leaders in the Expanded Polystyrene Market


    Expanded Polystyrene Key Companies


    Expanded Polystyrene Market


    The expanded polystyrene (EPS) market, valued at over $10 billion globally, is a bustling arena where manufacturers vie for dominance. This lightweight, versatile material finds applications in construction, packaging, and various other industries, making it a lucrative market to tap into. However, competition is fierce, and understanding the landscape is crucial for success.


    Market Share Strategies and Factors:




    • Product Differentiation: Major players like Knauf Insulation, BASF, and Saint-Gobain focus on developing innovative EPS grades with improved properties like fire retardancy, biodegradability, and energy efficiency. This caters to specific needs in different segments, securing market share.


    • Regional Focus: Asia Pacific, with its booming construction and packaging industries, is a prime target. Companies like Asia Insulation Materials (AIM) and Sekisui Chemical are expanding their presence in this region, leveraging local knowledge and partnerships.


    • Cost Optimization: EPS production is energy-intensive. Companies like Owens Corning implement efficient manufacturing processes and invest in renewable energy sources to lower costs and stay competitive.


    • Sustainability Initiatives: Public pressure against traditional EPS due to its environmental impact is mounting. Companies are responding with initiatives like recycling programs, development of bio-based EPS alternatives, and collaborations with environmental organizations.


    Some of the competitors operating in the expanded polystyrene market are



    • BASF SE of Germany

    • ACH Foam Technologies Inc of the United States 

    • Kaneka Corporation of Japan


    • SABIC of Saudi Arabia

    • Alpek S.A.B de C.v of Mexico

    • Synbra Holding of the Netherlands 


    • NOVA Chemicals Corporation of Cannada 

    • StyroChem of Cannada 

    • Unipol Holand B.V of the Netherlands 

    •  Versalis S.P of Italy 


    Recent Developments:




    • July 2023: A research team from MIT unveils a new method to convert EPS waste into valuable chemicals, potentially boosting its recycling potential and reducing environmental concerns.


    • August 2023: The US Food and Drug Administration (FDA) approves the use of a bio-based EPS material for food packaging applications, opening doors for sustainable alternatives in the sector.


    • September 2023: The Chinese government announces plans to invest in green building technologies, including the use of EPS for energy-efficient insulation in buildings, boosting demand in the Chinese construction market.


    • October 2023: A group of European environmental NGOs launches a campaign against the use of EPS in packaging, calling for stricter regulations and promoting alternative materials.


    • November 2023: BASF and Saint-Gobain collaborate on a joint research project to develop new fire-retardant EPS formulations, aiming to address safety concerns and expand application possibilities.


    • December 2023: The International Council of Chemical Engineering (ICCE) releases a report highlighting the potential of EPS in lightweight automotive applications, suggesting a new avenue for market growth.