The global market for extruded polystyrene insulating materials was valued at around USD 6.12 billion in 2022 and is expected to grow to nearly USD 8.22 billion by 2030, at a compound annual growth rate (CAGR) of around 5.31% during the forecast period.
The research looks into market drivers, restraints/challenges, and the impact they have on demand for extruded polystyrene insulating materials over the forecast period. The paper also looks into new market opportunities for extruded polystyrene insulating materials.
Extruded Polystyrene Insulation Materials Market: Overview
Extruded polystyrenes are extruded thermoplastic polymers. Because of their closed-cell structure, these polymers are extremely moisture resistant and have good insulating properties. They also have a high compressive strength, are simple to install and maintain, and last a long time in terms of thermal efficiency. They can be used inside or outside rail beds, cold storage facilities, transmission line power foundations, walkaways, underneath concrete floors, underground utility lines, parking decks, fountain foundations, and other load-bearing applications.
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Market Extruded Polystyrene Insulation Materials: Growth Drivers
The use of environmentally friendly and resource-efficient methods throughout the building process is referred to as green construction. Green building is primarily concerned with increasing building energy efficiency and reducing waste associated with material, water, and energy use.
Extruded insulation materials are an important component of green building because they help to reduce the energy consumption of the structure. Reduced energy costs and greenhouse gas emissions benefit the environment as well as the immediate owner. It’s also less damaging to the ozone layer.
Extruded polystyrene (XPS) is a homogeneous polystyrene that comes in green, blue, and pink colours. XPS starts out as a molten liquid that is formed into sheets.
Extruded Polystyrene Insulation Materials Market: Segmentation
The global market for extruded polystyrene insulating materials is segmented by application and geography.
The market is divided into two application segments: residential construction and non-residential building. The non-residential construction category had the majority of the market share in 2022. Extruded polystyrene is widely utilized in non-residential construction due to its high compressive strength and low water absorption. It is widely used in roof and wall applications in commercial and industrial construction.
Extruded Polystyrene Insulation Materials Market: Competitive Landscape
Key players functioning in the global extruded polystyrene insulation material market include:
Emirates Extruded Polystyrene LLC
BASF SE
Kingspan Group
Owens Corning
Jackon Insulation GmbH
Abrisonv
URSA Insulation SA
Ravago
SopremaInc.
and Austrotherm.
Penoplex SPB LLC
Knauf Insulation
Foamex Victoria Pty. Ltd.
Xella International GmbH
Synthos S.A
Technonicol Corporation
The Ravago Group.
Global extruded polystyrene insulation materials market is segmented as follows:
By Application
Residential Construction
Non-residential Construction
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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