The South America expanded polystyrene (EPS) market is expected to witness a CAGR of approximately 2.6%, during the forecasted period. The major factor driving the EPS market is the benefit EPS provides over other materials.
EPS is highly cost effective due to which it is one of the most popular materials used for insulation in the construction industry. EPS is used in a variety of applications, such as floor insulation, insulation foam for closed cavity walls, and roofs. The demand for EPS is expected to witness an increase in demand from Brazil during the coming years. This is majorly owing to the increasing investments in the construction sector of the country, which include, the government’s plan to resume nearly 7,000 construction projects worth USD 40 billion, by the end of 2018. Hence, due to such factors, the demand for EPS is expected to rise, which in turn shall drive the market during the forecast period.
The construction industry is the largest consumer of EPS in South 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. It is also used in making roofs, walls, floor insulation, closed cavity walls, road construction, and so on. 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 Brazil and Argentina the demand for expanded polystyrene is likely to grow. Hence, building and construction is expected to witness the highest demand for EPS in the region during the forecast period.
Brazil is expected to witness the highest demand of EPS during the forecast period. There has been a steady growth in the construction activities in Brazil owing to the increasing investments in the sector. Some of the major upcoming construction projects in the country include the construction of a 1.5-gigawatt combined cycle power plant located near Aracaju, Sergipe, and rail line paralleling BR-163 and connecting Mato Grosso with Miritituba. This has provided growth opportunities to the EPS market in the country. Additionally, the demand for EPS, from cold chain solutions, is expected to grow with the rising demand for frozen foods.
Major Players: BASF SE, LG Chem, Ravago, Sabic, and Total S.A., among others.
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Advantage Over Competitive Materials
4.1.2 Other Drivers
4.2.1 Rising Environmental Concerns
4.2.2 Other Restraints
4.3.1 Recycling in EPS Industry
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 White EPS
5.1.2 Grey EPS
5.1.3 Silver EPS
5.2 By End-user Industry
5.2.2 Building and Construction
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.5 Rest of South America
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 BASF SE
9.2 Bewi StyroChem
9.3 Jackon GmbH
9.4 Nova Chemicals Corporation
9.5 Penoplex SPB
9.9 Sundolitt Ltd
9.10 Sunpor Kunststoff GmbH
9.11 Synbra Holding B.V.
9.12 Synthos S.A.
9.13 Total S.A.
9.14 Unipol Holland B.V.
*List not exhaustive
**Subject to availability on public domain