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A15762 | Pages: 240 | Charts: 54 | Tables: 133 |
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.
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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.
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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.
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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.
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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.
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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).
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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 Market Segments
Key Market Players