Extruded Polystyrene Boards Market Report

The global extruded polystyrene boards market is expected to benefit from increasing focus of governments on infrastructure improvement and heavy investments in telecommunication and transportation development. High preference for energy-efficient buildings, especially among commercial enterprises, because of the need to reduce energy cost could improve the demand for extruded polystyrene boards. Continuous launch of new products and availability of more energy-efficient and high-quality options are likely to put a positive impact on the growth of the global extruded polystyrene boards market. Extruded polystyrene boards could offer continuous insulation over concrete walls, in masonry unit cavity walls, in insulated concrete sandwich panel walls, and over steel or wood stud framing.

In June 2019, Owens Corning, a US producer of insulation, roofing, and fiberglass composites, announced that it will introduce new technologies at the AIA Conference on Architecture 2019 in the US state of Nevada. According to the company, the new technologies show how its building science is furthering technology, transparency, safety, and sustainability in building structures across North America.

Demand to Increase with Need to Improve Moisture and Air Penetration Resistance of Buildings

Increasing building and construction activities in the residential as well as commercial sector are anticipated to set the tone for strong growth of the global extruded polystyrene boards market. Extruded polystyrene boards could help to improve moisture and air penetration resistance of building structures. It could also function as a weather-resistant barrier. Building and construction companies are expected to increase their preference for extruded polystyrene boards because of their ability to maintain insulating performance characteristics even when exposed to moisture for a prolonged period of time. Extruded polystyrene boards find important application in slowing the transmission of moisture and water vapor in masonry walls.

Companies to Look for Growth Opportunities in Building Insulation Business

Some of the key players of the global extruded polystyrene boards market are DowDuPont, Jackon, Owens Corning, Monotez, BASF, Sunde, Ursa, INEOS Styrenics, StyroChem, Sunpor, Polimeri, and Synthos. In July 2019, Owens Corning announced its second quarter 2019 results. In Q2 2019, the company reached consolidated net sales of $1.9 billion. According to company, its insulation business delivered $42 million in EBIT. As part of its 2019 outlook, the company announced that it anticipates earnings growth in the technical and other building insulation businesses.

Market Segmentation

By Product Type

  ● White XPS

  ● Grey XPS

By Application

  ● Building and Construction

  ● Packaging

  ● Others

On the basis of type of product, the global extruded polystyrene boards market is segmented into grey XPS and white XPS. The report on the global extruded polystyrene boards market also offers deep insights into important applications such as packaging, building and construction, and others. Moisture-resistant, closed cell extruded polystyrene rigid foam boards could be used in a broad range of building applications. They could also be used in various commercial and residential construction applications such as crawl spaces, pre-cast concrete, cavity wall, perimeter/foundation, and wall furring.

By Region

Factorss such as strong growth in urbanization and industrialization, especially in India, China, and Korea, are expected to strengthen the demand for extruded polystyrene boards in Asia Pacific. Increasing requirement for home insulation in Korea due to extreme temperature and climatic variations could contribute to the growth of the Asia Pacific extruded polystyrene boards market. High spending in the construction industry could be another effective factor supporting the growth of Asia Pacific in the global extruded polystyrene boards market. According to market experts, the region is anticipated to become a lucrative investment pocket for players operating in the global extruded polystyrene boards market.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.