Market Size of Europe Expanded Polystyrene (EPS) Industry
| 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
*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.
