POLYSTYRENE FOAM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Polystyrene Foam Market, By Type (Expanded Polystyrene Foam (EPS) and Extruded Polystyrene Foam (XPS)), By End-use Industry (Packaging, Building & Construction, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Mar 2024
Code : CMI6782
Pages :137
Formats :
Excel and PDF
Industry : Advanced Materials

Market Challenges: Strict environmental regulations

Global polystyrene foam market faces several challenges. Strict environmental regulations around the world are limiting the use of polystyrene due to its non-biodegradable and non-recyclable nature. It is also considered a major source of plastic pollution. Rising costs of raw materials used in foam production like XPS and EPS is another concern. There is growing demand for greener and sustainable alternatives to polystyrene from conscious consumers and businesses. Developing economies are also improving standards to reduce environmental impact.

Market Opportunities: Developments in recycling technology

Developments in recycling technology may offer solutions to reuse polystyrene waste. Biodegradable forms of polystyrene using plant-based materials can attract green consumers and businesses. Growth in industries that use polystyrene widely like construction and packaging can boost demand.