Market Size of US Expandable Polystyrene (EPS) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.91 % |
| Market Concentration | High |
Major Players_Market.webp)
*Disclaimer: Major Players sorted in no particular order |
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United States Expandable Polystyrene (EPS) Market Analysis
The US Expandable Polystyrene (EPS) Market size is expected to grow from 376.84 kilotons in 2023 to 434.95 kilotons by 2028, at a CAGR of 2.91% during the forecast period (2023-2028).
The market was negatively impacted due to COVID-19 in 2020. Owing to the pandemic, 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 the post-pandemic period, restoring the growth trajectory and benefitting the market studied.
- Over the medium term, increasing construction activities in the country à nd growth in the packaging sector are expected to drive the market's growth.
- On the flip side, the availability of green alternatives and the slow economic growth of the country may hinder market growth.
- Recycling in the EPS industry is likely to act as an opportunity for market growth in the near future.
