Expanded Polystyrene (EPS) Insulated Panels Market Research, 2031
The global expanded polystyrene (EPS) insulated panels market size was valued at $428.9 million in 2021, and is projected to reach $794.36 million by 2031, registering a CAGR of 6.2% from 2022 to 2031. Expanded Polystyrene (EPS) insulated panels is a light-weight cell plastic cloth together with small hollow round balls. It is that this closed cellular creation that offers EPS its tremendous characteristics. EPS is produced in a huge range of densities supplying a various variety of physical properties. These are matched to the numerous programs wherein the material is used to optimize its overall performance and power.
EPS is used extensively in the construction and creation industries. EPS panels is an inert cloth that does not rot and offers no nutritional benefits to vermin consequently and does not entice pests inclusive of rats or termites. Its electricity, durability and light-weight nature makes it a versatile and popular building product. EPS encompass insulated panel systems for partitions, roofs and flooring in addition to facades for each home and industrial buildings. It is also used as a void-forming fill cloth in civil engineering initiatives, as a light-weight fill in avenue and railway production, and as floatation fabric inside the construction of pontoons and marinas. This drives the expanded polystyrene (EPS) insulated panels market growth around the world.
They are pre-engineered for precision and modular in nature, have finishing options such as PPGS and PPGL, are available in spread of dimensions, have same thermal resistance, being smooth to raise and extend at any peak, provides frameless construction imparting ease of layout, delivery and installation for all kind of structure sorts, have measurable power financial savings with zero loss in energy and rather efficient overall performance, being rigid and sturdy to in shape any construction and have a longer life. Such characteristics lead to the growth of expanded polystyrene (EPS) insulated panels market share.
With increasing surrounding industrial residences, developers are recommended to keep tempo with the generation which can create power-green buildings. Stringent constructing regulations have brought a task to builders to comply with electricity performance and for CO2 emission targets. These panels help in reducing the heating charges by about 40% that is boosting its need for efficient use that is boosting the expanded polystyrene (EPS) insulated panels market.
However, during the outbreak of the COVID-19 pandemic, construction, manufacturing, aviation, and construction industries were majorly affected. Manufacturing activities were halted or restricted. This led to decline in manufacturing of various equipment used for manufacturing of EPS insulated panels as well as their demand in the market, thereby restraining the growth of the EPS insulated panels market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of EPS insulated panels companies at their full-scale capacities, that helped the expanded polystyrene (EPS) insulated panels market to recover by end of 2021.
On the contrary, growth in version of creation of inexperienced & strength-efficient buildings and demand for EPS insulated panels for cold storage programs, are possibly to assist the growth of the expanded polystyrene (EPS) insulated panels industry over the coming period and could act as an opportunity.
The expanded polystyrene (EPS) insulated panels market is segmented on the basis of thickness, type, end user and region. By thickness, the market is divided into upto 100 mm, 100 - 200 mm and above 200 mm. By type, the market is divided into wall panel and roof panel. By application, the market is divided into construction and non-construction. Region wise, the EPS insulated panels market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of thickness, in 2021 the 100-200 mm segment dominated the expanded polystyrene (EPS) insulated panels market, in terms of revenue, and the above 200 mm segment is expected to witness growth at the highest CAGR during the forecast period. As per type, in 2021, the wall panels segment led the EPS insulated panels market, and the roof panels segment is expected to exhibit highest CAGR in the near future. By end user, the construction segment led the market in 2021, in terms of revenue and the non-construction segment is anticipated to register highest CAGR during the forecast period. Region-wise, Europe garnered the highest revenue in 2021; however, Asia-Pacific is anticipated to register highest CAGR during the forecast period.
COMPETITION ANALYSIS
The major players profiled in the global expanded polystyrene (EPS) insulated panels market report include Armacell , Brucha , E-Pack Polymers Private Limited , Isomec , Jablite , Kamaksha Thermocol , Lattonedil S.P.A Milano , Nucor Corporation, Styrene Packaging & Insulation Ltd. and Tecknopanel. Major companies in the market have adopted acquisition as their key developmental strategy to offer better products and services to customers in the EPS insulated panels market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the expanded polystyrene (EPS) insulated panels market analysis from 2021 to 2031 to identify the prevailing expanded polystyrene (EPS) insulated panels market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the expanded polystyrene (EPS) insulated panels market forecast.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes global expanded polystyrene (EPS) insulated panels market overview.
Expanded Polystyrene (EPS) Insulated Panels Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 794.4 million |
 Growth Rate | CAGR of 6.2% |
 Forecast period | 2021 - 2031 |
 Report Pages | 240 |
 By Types |
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 By End User |
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 By Thickness |
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 By Region |
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 Key Market Players | Nucor Corporation, Armacell, Isomec, jablite, Brucha, Epack polymers private limited, Kamaksha Thermocol, Styrene Packaging & Insulation Ltd., Tecknopanel, Lattonedil SPA Milano |
Analyst Review
The EPS insulated panels market observed significant growth in the past few years, due to increase in awareness for building insulation materials to improve thermal performance of building and lower overall energy consumption. In addition, EPS insulated panels are lightweight and have enhanced external appearance and are widely available in a variety of colors. Hence, all these factors are anticipated to fuel the growth of the EPS insulated panel market during the forecast period.
Various major key players are improving their product portfolio by launching energy saving panels. For instance, in May 2021, Ruukki Construction launched Ruukki Patina Panel, which combines energy saving with a patinated surface and is made from Cor-Ten steel.
Moreover, EPS insulated panels are preferred due to their high thermal insulation and vapor diffusion resistance characteristics. These panels are widely used in the insulation of cold chain storages. As a result, rise in emphasis on the construction of cold chain infrastructures is likely to boost the product demand.
The global expanded polystyrene (EPS) insulated panels market was valued at $428.9 million in 2021, and is projected to reach $794.36 million by 2031, registering a CAGR of 6.2% from 2022 to 2031.
The forecast period considered for the global expanded polystyrene (EPS) insulated panels market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.
To get latest version of global expanded polystyrene (EPS) insulated panels market report can be obtained on demand from the website.
The base year considered in the global expanded polystyrene (EPS) insulated panels market report is 2021.
The top companies holding the market share in the global expanded polystyrene (EPS) insulated panels market report include Armacell, Brucha, E-Pack Polymers Private Limited, Isomec, Jablite, Kamaksha Thermocol, Lattonedil S.P.A Milano, Nucor Corporation, Styrene Packaging & Insulation Ltd. and Tecknopanel.
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
By type, the wall panel segment is the highest share holder of expanded polystyrene (EPS) insulated panels market.
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