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North America Expanded Polystyrene (Eps) Market Forecast 2019-2028

The North America expanded polystyrene (EPS) market is evaluated to project a CAGR of 3.95% in terms of volume, and 4.62% in terms of revenue, during the forecast period, 2019-2028. There is a growing demand for expanded polystyrene in green building applications. The region also has a significant presence of building & construction, electronics, medical, and packaging industries. The increasing use of EPS in these industries is set to benefit market growth.

Canada and the United States are evaluated for the North America expanded polystyrene (EPS) market growth analysis. There is a rising demand for flexible packaging in Canada, as a result of increased exports of packaged foods. The retail and food services are registering increasing sales, which is boosting the market growth. The rising penetration of e-commerce, digital printing, and cost-effective flexible packaging, are projected to benefit the growth of the market.
In the North American region, the food & beverage industry makes use of EPS for packaging, while the construction industry uses it for the structural integrity of several buildings. The increasing investments in the latter is set to offer lucrative market growth opportunities.

Some of the distinguished companies in the market include, LG Corporation, Evonik Industries AG, Nova Chemical Corporation, Kaneka Corporation, Sabic, etc.

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North America Expanded Polystyrene (Eps) Market Forecast 2019-2028
Published By :Inkwood Research
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