Expanded Polystyrene Market Size, Share & Trends Analysis Report By Product (White, Grey), By Application (Construction, Packaging, Automotive), By Region (North America, Europe, Asia Pacific, Middle East & Africa), And Segment Forecasts, 2025 - 2033
The global expanded polystyrene market size was estimated at USD 17.82 billion in 2024 and is projected to reach USD 29.04 billion by 2033, growing at a CAGR of 5.6% from 2025 to 2033. The growth is attributed to the increasing influence of social factors such as improving occupant health and well-being, encouraging sustainable business practices, and creating a sense of community.
The Expanded Polystyrene (EPS) market is expected to experience steady growth, driven by rising demand in sectors such as construction, packaging, automotive, and consumer goods. Its lightweight nature, excellent thermal insulation, impact resistance, and moisture resistance make it a preferred material for energy-efficient buildings, protective packaging, and durable components. In construction, EPS contributes to enhanced energy conservation and cost savings, while in packaging, it ensures product safety during transportation. The market is further influenced by advancements in recycling technologies, increasing emphasis on sustainable building materials, and stricter energy efficiency regulations across developed and emerging economies.
In addition, rising infrastructure investments, rapid urbanization, and growth in e-commerce and retail sectors are contributing to a broader adoption of expanded polystyrene. With industries focusing on performance, cost efficiency, and compliance with environmental regulations, steady growth in the EPS market is anticipated in the coming years.
Global Expanded Polystyrene Market Report Segmentation
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2025 to 2033. For this study, Grand View Research has segmented the global expanded polystyrene market report based on product, application, and region:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
White
Grey
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
Construction
Packaging
Automotive
Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Netherlands
Asia Pacific
China
India
Japan
South Korea
Australia
Malaysia
Singapore
Thailand
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
UAE
South Africa
Table of Contents
Chapter 1. Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Research Methodology
1.4 Research Assumptions
1.5 Information Procurement
1.5.1 Purchased Database
1.5.2 GVR's Internal Database
1.5.3 Secondary Sources
1.5.4 Third Party Perspective
1.5.5 Primary Research
1.6 Information Analysis
1.6.1 Data Analysis Models
1.7 Market Formulation and Data Visualization
1.7.1 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Expanded Polystyrene Market: Variables and Trends
3.1 Market Lineage Outlook
3.1.1 Global Plastic Market Outlook
3.2 Industry Value Chain Analysis
3.2.1 Raw Material Suppliers
3.2.2 EPS Resin Producers
3.2.3 EPS Molders & Fabricators
3.2.4 Converters & End-use Product Makers
3.2.5 Distributors
3.2.6 End Users
3.3 Raw Material Trends
3.3.1 Average Raw Material Price Trend Analysis, 2021 To 2033 (USD/KG)
3.4 Technology Overview
3.5 Sustainability Trends
3.5.1 Recycling & Circular Economy
3.5.2 Bioplastics and Alternatives
3.5.3 Carbon Footprint and Life Cycle Assessment
3.6 Regulatory Framework
3.7 Average Price Trend Analysis, 2021 to 2033 (USD/kg)
3.7.1 Key Factors Influencing Pricing
3.8 Supply-Demand Gap Analysis (2024)
3.9 Market Dynamics
3.9.1 Market Driver Analysis
3.9.1.1 Rising Demand for Thermal Insulation in Building & Construction
3.9.1.2 Growth in Protective Packaging Applications
3.9.2 Market Restraint Analysis
3.9.2.1 Environmental Concerns and Regulatory Restrictions
3.9.3 Industry Opportunity Analysis
3.9.4 Industry Challenge Analysis
3.10 Market Business Environment Analysis
3.10.1 Industry Analysis: Porter's Five Forces Model