EPS Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report covers Global Expanded Polystyrene Packaging & EPS Manufacturers. The Market is Segmented by Product Type (White EPS and Grey and Silver EPS), End-user Industry (Packaging, Building and Construction, and Other End-user Industries), and Geography (Germany, United Kingdom, Italy, France, Spain, Norway, Sweden, Denmark, Finland, and Rest of Europe). For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton).

Expanded Polystyrene Market Size

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Europe Expanded Polystyrene EPS Market  Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Volume (2024) 2.71 Million tons
Market Volume (2029) 3.08 Million tons
CAGR (2024 - 2029) 2.61 %
Market Concentration High

Major Players

Europe Expanded Polystyrene (EPS) Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Expanded Polystyrene Market Analysis

The Europe Expanded Polystyrene Market size is estimated at 2.71 Million tons in 2024, and is expected to reach 3.08 Million tons by 2029, growing at a CAGR of 2.61% during the forecast period (2024-2029).

Europe, especially Western Europe, has been one of the most heavily impacted regions by COVID-19. The stimulus packages announced by the European Union are expected to accelerate the recovery process, with the demand for expanded polystyrene likely to rise with the growing construction industry.

  • In the medium term, increasing demand from the packaging sector is expected to drive market growth.
  • However, the application and development of molded pulp as a green alternative are expected to hinder the market's growth.
  • Recycling in the expanded polystyrene industry is likely to act as an opportunity during the forecast period.

Expanded Polystyrene Market Trends

This section covers the major market trends shaping the Europe EPS Market according to our research experts:

The Building and Construction Segment is Expected to Dominate the Market

  • EPS has excellent mechanical properties, making it ideal for load-bearing roof insulation, sub-pavement flooring, road-building, load-bearing insulation, etc. Furthermore, EPS does not absorb moisture, and its thermal and mechanical properties are unaffected by dampness, humidity, or moisture.
  • In the construction sector, EPS is used in combination with other materials, such as steel (in sandwich panels and used for cold store construction), concrete (as an insulation core in tilt-up wall panels), gypsum, and plasterboard (as skins for ceiling panels and other prefabricated components).
  • Floorings and ceilings account for the largest market share of EPS applications in the construction sector, followed by roofing systems. Moreover, EPS roofing insulation is used in roofing systems and provides cost-effective and consistent thermal performance.
  • Increasing energy price is forcing consumers to work toward improving the thermal efficiency of constructions to reduce their energy consumption, thus driving the market for EPS-based roofing systems.
  • The building and construction industry is the largest consumer of EPS. The consumption of EPS is increasing across the world due to growing applications. Moreover, the European construction industry is recovering.
  • According to European Commission, in comparison to 2020, annual average construction production increased by 5.2% across the Euroregion and by 4.8% in the European Union in 2021. Furthermore, in December 2021, the UK monthly construction output increased by 2% compared to the previous month. With increasing building and construction activities, the demand for EPS is also expected to increase significantly.
  • Therefore, the EPS market is expected to flourish over the forecast period.
Europe Expanded Polystyrene (EPS) Market : Volume CAGR (%), by End-user Industry, Europe, 2022-2027

Germany is Expected to Dominate the Market

  • Germany owns the largest share in production value in the construction sector, followed by France. With annual investment flowing steadily in the past few years with the German government supporting energy-efficient renovation and construction, the construction segment is expected to grow during the forecast period.
  • As per the stats released by Statistisches Bundesamt (Destatis), the federal government has set the goal of constructing 400,000 new dwellings in Germany every year. In 2021, the construction of 293,393 houses was completed in Germany compared to 306,376 new houses in 2020.
  • According to Eurostat, the total construction production in Germany increased by 5.4% in Q1 2022 compared to the Q1 2021 production and increased by 3.6% compared to the previous quarter in the same year, thereby enhancing the consumption of EPS from various construction applications in the country. In April 2022, the country's production from the construction industry declined by 1.2% compared to the same month in the previous year and decreased by 2.1% compared to March 2022. Furthermore, according to the Federal Statistical Office (Destatis), in March 2022, the construction of 34,794 dwellings was permitted in Germany, registering a decline rate of 8.9%, or 3,410 building permits, compared to March 2021.
  • In addition, in Germany, packaging solutions are progressively being used for customized products and innovations. Therefore, there has been increased adoption of EPS in the nation, aiding the growth of the expanded polystyrene market in German in the coming years. Smaller pack sizes are in demand across the county in the packaged food and personal care sectors. As per the data published by Statistisches Bundesamt, the revenue of the packaging industry in Germany in 2021 accounted for EUR 29.59 billion compared to EUR 26.26 billion in 2020.
  • The country's food and beverage industry is the fourth-largest in terms of possibilities for growth in the future. The industry is characterized by its small- and medium-sized enterprise sectors of about 6,000 companies.
  • There is a growing demand for value and quality enriched products, including organic and fair trade and health and wellness goods, indicating a favorable potential demand for packaging materials. EPS is approved for use in conjunction with food products.
  • Hence, the aforementioned trends are likely to influence the overall consumption of EPS in the country during the forecast period.
Europe Expanded Polystyrene (EPS) Market : Volume CAGR (%), by Country, Europe, 2022-2027

Expanded Polystyrene Industry Overview

The European expanded polystyrene market is concentrated, with the top five players accounting for over 50% of the production capacity in Europe. The key five players in the market (in no particular order) are Synthos Group, BASF SE, Ravago, SUNPOR, and BEWiSynbra Group.

Expanded Polystyrene Market Leaders

  1. BASF SE

  2. Ravago


  4. BEWiSynbra Group

  5. Synthos

*Disclaimer: Major Players sorted in no particular order

Europe Expanded Polystyrene EPS Market Analysis
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Expanded Polystyrene Market News

  • July 2022: BEWI ASA entered a letter of intent to acquire the Lithuanian insulation company BalPol. This acquisition may help BEWI to expand its geographic presence.
  • March 2022: BASF SE expanded its portfolio of graphitic expandable polystyrene (EPS) granulate by launching Neopor F 5 Mcycled, which contains 10% recycled material and is suitable for numerous applications in buildings, particularly facade insulation

Expanded Polystyrene Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Construction Industry

      2. 4.1.2 Increasing Demand from the Packaging Sector

    2. 4.2 Restraints

      1. 4.2.1 Molded Pulp as a Green Alternative

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Import-Export Trends

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 Product Type

      1. 5.1.1 White EPS

      2. 5.1.2 Grey and Silver EPS

    2. 5.2 End-user Industry

      1. 5.2.1 Packaging

      2. 5.2.2 Building and Construction

      3. 5.2.3 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 United Kingdom

      3. 5.3.3 Italy

      4. 5.3.4 France

      5. 5.3.5 Spain

      6. 5.3.6 Norway

      7. 5.3.7 Sweden

      8. 5.3.8 Denmark

      9. 5.3.9 Finland

      10. 5.3.10 Rest of Europe


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alpek SAB de CV

      2. 6.4.2 BASF SE

      3. 6.4.3 BEWiSynbra Group

      4. 6.4.4 Epsilyte LLC

      5. 6.4.5 KANEKA Belgium NV

      6. 6.4.6 Ravago

      7. 6.4.7 SABIC

      8. 6.4.8 SIBUR International GmbH

      9. 6.4.9 StyroChem

      10. 6.4.10 Sundolitt Ltd

      11. 6.4.11 SUNPOR

      12. 6.4.12 Synthos Group

      13. 6.4.13 Unipol Holland BV

      14. 6.4.14 Versalis SpA

    5. *List Not Exhaustive

    1. 7.1 Recycling in the EPS Industry

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Expanded Polystyrene Industry Segmentation

Expanded polystyrene (EPS) is a foam plastic material produced from solid beads of polystyrene. It is primarily used for packaging, insulation, etc. Due to its lightweight properties, durability, thermal efficiency, shock absorption, moisture resistance, and ease of use, expanded polystyrene is used significantly in the building and construction sector. 

The market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into white EPS and grey and silver EPS. By end-user industry, the market is segmented into packaging, building and construction, and other end-user industries. The report also covers the market size and forecasts for the European EPS market in nine countries across the region. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton).

Product Type
White EPS
Grey and Silver EPS
End-user Industry
Building and Construction
Other End-user Industries
United Kingdom
Rest of Europe
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Expanded Polystyrene Market Research FAQs

The Europe Expanded Polystyrene (EPS) Market size is expected to reach 2.71 million tons in 2024 and grow at a CAGR of 2.61% to reach 3.08 million tons by 2029.

In 2024, the Europe Expanded Polystyrene (EPS) Market size is expected to reach 2.71 million tons.

BASF SE, Ravago, SUNPOR, BEWiSynbra Group and Synthos are the major companies operating in the Europe Expanded Polystyrene (EPS) Market.

In 2023, the Europe Expanded Polystyrene (EPS) Market size was estimated at 2.64 million tons. The report covers the Europe Expanded Polystyrene (EPS) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Expanded Polystyrene (EPS) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

EPS Industry Report

Statistics for the 2024 EPS market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. EPS analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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EPS Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)