Global Polystyrene and Expandable Polystyrene (EPS) Market to Reach US$42.11 Billion by 2020, Driven by China Packaging Industry
The global polystyrene and expandable polystyrene (EPS) market is expected to develop at a 4.7% CAGR during the period from 2014 to 2020. The global polystyrene and expandable polystyrene market stood at US$30.66 billion in 2013 and it expected to reach US$42.11 billion by 2020.
China to lead Global Polystyrene and Expandable Polystyrene Market
The global polystyrene and expandable polystyrene market is segmented on the basis of geography, product, and application. By geography the global polystyrene and expandable polystyrene market is divided into Asia Pacific, Europe, China, and Rest of the World. The market was dominated by China in 2013 owing to the increasing demand for polystyrene and expandable polystyrene from the electrical and electronics and packaging industries in the country. In terms of volume, China accounted for 37.1% of the overall market in 2013. Events such as Football World Cup 2014 and Olympics 2016 in the Rest of the World region generated more demand for polystyrene and expandable polystyrene in the region.
Browse Polystyrene & Expandable Polystyrene (EPS) Market Report with Full TOC at http://www.transparencymarketresearch.com/polystyrene-eps-market.html
Demand for polystyrene and expandable polystyrene from thermal insulation industry in Europe is expected to develop the global polystyrene and expandable polystyrene market during the forecast period. Top market players from across the globe accounted for 26.0% of the market in 2013. Some of the leading players in the global polystyrene and expandable polystyrene market are S.C. Adeplast S.A., INEOS Styrenics, Nova Chemicals Corporation, Total Petrochemicals and Refining U.S.A., BASF SE, and Synthos S.A.
Electronic components and capacitors dominated the electrical and electronics segment of the global polystyrene and expandable polystyrene market in 2013.
BRICS Countries to Introduce Latest Polystyrene and Expandable Polystyrene Products
In terms of revenue and volume, the packaging industry was the largest application segment for the global polystyrene and expandable polystyrene market in 2013. Increasing demand for polystyrene and expandable polystyrene from packaging industry in BRICS countries has significantly contributed to the fast development of the global polystyrene and expandable polystyrene market during the forecast period. Companies from across all regions have started using the latest technology packaging materials to match the changing trends.
Polystyrene and Expandable Polystyrene to be Showcased at Shanghai World of Packaging Expo
Recently, the organizers of Shanghai World of Packaging expo (SWOP) called for a press conference where the details of the trade fair were disclosed. The Shanghai World of Packaging consists of four shows namely, PacPro Asia, BulkPex, FoodPex, and China-Pharm. The trade show is expected to be held between 17th and 20th November 2015, wherein new packaging products of China and Asia packaging industry will be presented.
Browse Press Release
Shanghai World of Packaging expo will not only display the process of packaging but also will showcase the complete supply chain of the products of the packaging industry. The organizers stated that the trade show will attract local and international players from across the global polystyrene and expandable polystyrene market. Aspects of the packaging industry that the trade fair will exhibit include, production of latest packaging materials, packaging technologies, packaging equipment, packaging for pharmaceuticals, packaging for food, and packaging for cosmetics. Shanghai World of Packaging will also have a ‘Packaging Material Zone’ for different packaging products and materials such as polystyrene and expandable polystyrene.
Nearly 200 exhibitors, including F.S. Korea, Shanghai Packaging, and HCT, are expected to participate in the (SWOP) and display their recent advancements and developments in packaging. Due to its unique content, many local and international players have already registered to be a part of the (SWOP) trade fair.