United States Expandable Polystyrene (EPS) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The United States Expandable Polystyrene (EPS) Market is segmented by Type (White, Grey, and Silver) and End User (Building and Construction, Packaging, and Other End Users).

Market Snapshot

united states expandable polystyrene eps market size
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >3 %
united states expandable polystyrene eps market major players

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Market Overview

The US expandable polystyrene (EPS) market was estimated at around USD 530 million in 2020, and the market is expected to register a CAGR of over 3% during the forecast period (2021-2026).

The market was negatively impacted due to COVID-19 in 2020. Owing to the pandemic scenario, the country went into lockdown to curb the spread of the virus. The supply chain disruptions, construction work stoppages, and labor shortages negatively affected the market. Due to the pandemic, construction activities have been halted and postponed in 2020. However, the condition is expected to recover in 2021, which is expected to restore the growth trajectory, thereby benefitting the market studied.

  • Over the medium term, increasing construction activities in the country are expected to drive the market's growth.
  • On the flip side, the availability of green alternatives and the negative impact of the COVID-19 pandemic hinder the market growth.
  • Recycling in the EPS industry ​is likely to act as an opportunity for market growth in the near future.

Scope of the Report

Expanded polystyrene (EPS) is a thermoplastic that blends intense lightweight with flexible power and thermal insulation, derived from pre-expanded polystyrene beads. The US expandable polystyrene (EPS) market is segmented by type and end-user. By type, the market is segmented into white, grey, and silver. By end-user, the market is segmented into building and construction, packaging, and other end users. For all the above segments, market sizing and forecasts have been done on the basis of revenue (USD million) and volume (kiloton).

Grey and Silver
End User
Building and Construction
Other End Users

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Key Market Trends

Grey and Silver EPS Segment to Drive the Market Growth

  • Manufacturers have created a highly competitive market for EPS by modifying the regular grade EPS. The addition of flame retardants, graphite, and other additives have introduced the segment of ‘modified’ EPS.
  • Grey EPS is one such innovation wherein the addition of graphite has increased its refractive and reflective properties to provide better thermal insulation. The graphite works on a very small scale to increase the refraction of IR light and make the path for the escaping heat less direct. It has a unique color (gray to black), good mechanical properties, high water resistance, and increased fire resistance. This allows for the use of the same equipment used to process conventional EPS.
  • Due to its unique properties, it allows for a reduction in thermal conductivity by 20% and thus, reduces the board thickness by 20% while still maintaining the same properties. It is used for the insulation of external walls, roof systems, foundations, floors, thermo-acoustic insulation, the manufacture of insulated and left-in-place formwork, and lightweight building blocks.
  • The use of grey EPS significantly improves both old and new buildings' insulation and helps meet the criteria for reducing power costs. It has the same density as white EPS; however, it isolates 20% better.
  • This has made it particularly attractive in the United States, where people are becoming more inclined toward housing renovation and lower maintenance costs.
  • Although the price for grey EPS is higher than white EPS, the increasing demand from the construction industry is expected to lower its price in the near future.
  • The COVID-19 outbreak has negatively affected the growth of the United States construction industry, which has become a major restraining factor for the growth of the gray and silver EPS segment.
  • The above-mentioned factors are likely to affect the demand for gray and silver EPS during the forecast period.
united states expandable polystyrene eps market trends

Building and Construction Segment to Dominate the Market

  • The United States is the world’s largest and most powerful economy. However, the economic growth of the country has been slowed in the recent past, with the GDP growth rate dropping from 3% in 2018 to 2.2% in 2019. Additionally, the GDP of the country contracted by 4.3% in 2020, indicating the severe impact of the COVID-19 pandemic.
  • The United States has one of the world’s largest construction industries, and it recorded annual revenue of USD 1,306 billion in 2019. The United States is a major industrialized nation that houses multiple industries in heavy-scale, medium-scale, and small-scale categories. The country is known for its booming commercial activities.
  • According to a survey conducted by the American Institute of Architects, the commercial construction sector is expected to increase by 1.5% in 2021. Construction activities in the healthcare sector are expected to register a growth rate of 3.4% in 2021. The report also indicates the growth of office spaces by 3% in 2021.
  • According to US Census Bureau, the total Residential housing units authorized by building permits in March 2020 were at a seasonally adjusted annual rate of 1,353,000, representing 5% growth over the March 2019 rate of 1,288,000. The total number of privately‐owned housing starts in March 2020 was at a seasonally adjusted annual rate of 1,216,000, representing 1.4% growth over the March 2019 rate of 1,199,000.
  • Even though the United States construction sector took a plunge in 2020, the industry is expected to recover and grow by late 2021, thereby increasing the demand for expandable polystyrene (EPS) market from the construction sector during the forecast period.
  • Thus, such trends in the construction sector are likely to influence the demand for EPS in the country during the forecast period.
united states expandable polystyrene eps market growth rate

Competitive Landscape

The US expandable polystyrene (EPS) market is highly consolidated with the top players accounting for a major chunk of the market. Some of the key players in the market include StyroChem, NexKemia, Flint Hills Resources, Alpek S.A.B. de C.V., and SABIC.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Construction Activities in the Country

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Availability of Green Alternatives

      2. 4.2.2 Negative Impact of the COVID-19 Pandemic

    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 Consumers

      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 Trade Analysis


    1. 5.1 Type

      1. 5.1.1 White

      2. 5.1.2 Grey and Silver

    2. 5.2 End User

      1. 5.2.1 Building and Construction

      2. 5.2.2 Packaging

      3. 5.2.3 Other End Users


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

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alpek S.A.B. de CV

      2. 6.4.2 Dart Container Corporation

      3. 6.4.3 Flint Hills Resources

      4. 6.4.4 NexKemia

      5. 6.4.5 Ravago

      6. 6.4.6 SABIC

      7. 6.4.7 StyroChem

      8. 6.4.8 Total

    5. *List Not Exhaustive

    1. 7.1 Recycling in the EPS Industry

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The United States Expandable Polystyrene (EPS) Market market is studied from 2016 - 2026.

The United States Expandable Polystyrene (EPS) Market is growing at a CAGR of >3% over the next 5 years.

The United States Expandable Polystyrene (EPS) Market is valued at 530 Million USD in 2016.

StyroChem, NexKemia, Flint Hills Resources, Alpek S.A.B. de C.V., SABIC are the major companies operating in United States Expandable Polystyrene (EPS) Market.

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