Expanded Polystyrene Market To Reach $29.04 Billion By 2033

Expanded Polystyrene Market Growth & Trends

The global expanded polystyrene market size is expected to reach USD 29.04 billion by 2033, registering a CAGR of 5.6% from 2025 to 2033, according to a new report by Grand View Research, Inc. The industry is expected to expand at a CAGR of 8.59% from 2023 to 2030. Due to the rising application potential of the expanded polystyrene market (EPS) across a range of sectors, it is projected that the market for EPP will witness immense growth. Expanded polystyrene demand is anticipated to increase as reusable, chemically stable, lightweight materials are used more frequently in furniture, packaging, and automotive parts.Properties, such as excellent shock absorption, impact resistance, and low weight, have led to an increase in the usage of EPS in the automotive industry.

The use of EPS in several automotive applications, such as foot pads, headrests & seats, storage compartments, and bumper systems, is expected to positively impact its demand in the automotive industry. Moreover, the increasing use of EPS in applications, such as chairs, sports helmets, surfboards, and seedling trays, is further expected to boost market growth over the forecast period. Protective packaging solutions for industrial, household, and automotive components & equipment have witnessed rapid growth over the past few years owing to the increased manufacturing and transportation activities in major countries.

Heavy and lightweight goods require protective packaging during transportation to avoid damage and breakages, which is expected to augment the demand for effective and better impact-resistant packaging materials. The rapid industrialization and urbanization, especially in emerging economies, such as China and India, coupled with rising infrastructure development activities in the Middle East are expected to drive the construction industry, in turn, creating demand for EPS. In addition, increasing infrastructure spending and a rising number of government initiatives, such as smart cities, FDI in the construction development sector, and others are propelling the growth of the global industry.

 Request a free sample copy or view the report summary: Expanded Polystyrene Market Report

Expanded Polystyrene Market Report Highlights

• White product segment dominated the global expanded polystyrene market and accounted for a revenue share of 58.77% in 2024. Grey EPS is an advanced version of standard EPS, typically enhanced with graphite or infrared (IR) reflective particles that significantly boost its thermal insulation properties.

• Construction dominated the application segment in the global expanded polystyrene market and accounted for a total revenue share of 44.84% in 2024. The packaging industry is another significant application area for EPS, particularly in protective and thermal packaging.

• The Asia Pacific expanded polystyrene market dominated the global EPS market in 2024 and accounted for a revenue share of 41.06%. China’s expanded polystyrene market is expected to witness rapid growth, driven by fast-paced urbanization, large-scale infrastructure projects, and strong government support for energy-efficient construction.

Expanded Polystyrene Market Segmentation

Grand View Research has segmented global expanded polystyrene market report based on product, application, and region:

Expanded Polystyrene Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• White

• Grey

Expanded Polystyrene Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Construction

• Packaging

• Automotive

• Others

Expanded Polystyrene 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

List of Key Players in the Expanded Polystyrene Market

• BASF SE

• Alpek S.A.B. de C.V.

• LG Chem

• KANEKA CORPORATION

• SIBUR

• SUNPOR

• Synthos

• TotalEnergies

• Supreme Petrochem Ltd

• NOVA Chemicals

• Epsilyte LLC

• Ravago

• Knauf Industries

• Versalis S.p.A.

• SABIC

• Taita Chemical Co., Ltd.

• NexKemia Petrochemicals Inc.