Expanded Polystyrene (EPS) Insulated Panels Market Expected to Reach $794.4 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Expanded Polystyrene (EPS) Insulated Panels Market," The expanded polystyrene (eps) insulated panels market size was valued at $428.90 million in 2021, and is estimated to reach $794.4 million by 2031, growing at a CAGR of 6.2% from 2022 to 2031.EPS insulated panels are widely preferred in walls & roofs and cold storage facilities. Rise in construction of residential & commercial buildings as well as warehouses is expected to offer remunerative lucrative opportunities for the global market. In addition, surge in demand for green buildings and need for eliminating heat transfer from external environment through conduction, which, in turn, reduces the energy expenditure on cooling of building structure. In addition, rapid expansion of the e-commerce industry, which demands for warehouses and distribution centers is likely to create ample of opportunities for the market. For instance, in March 2021, Amazon is building its new 1,30,000 square foot distribution center in Hollister, California.

The expanded polystyrene (EPS) insulated panels market analysis is carried across North America, Europe, Asia Pacific, and LAMEA. Europe dominated the market, due to increase in demand from residential sector and cold storage industry. UAE has established itself as the region's food import and trade powerhouse. As a result, it is witnessing increased expenditure in cold storage and cold logistics chain, which drives the demand for EPS insulated panels. Asia-Pacific is expected to grow at the fastest rate, due to rapid increase in construction of green buildings and increase in awareness of benefits of insulated building structures.

However, various manufacturers in the expanded polystyrene (EPS) insulated panels market had to stop their business in countries such as China, the U.S., and India. In addition, lack of technology constricted supply of machines of structural insulated panels. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of structural insulated panels companies.

There expanded polystyrene (EPS) insulated panels market growth was significant in the past decade. Rise in demand of green building for lowering the energy consumption and development of cold storage infrastructure are the key factors that are likely to provide potential growth opportunities for the market during the forecast period. Furthermore, government initiatives for new energy-efficient homes and rise in demand for warehouses & distribution centers for e-commerce industry are expected to have positive impact on the market growth.

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 end user, the market is divided into construction and non-construction. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The major players profiled in the expanded polystyrene (EPS) insulated panels market overview 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 product launch, business expansion, agreement and acquisition as their key developmental strategies to offer better products and services to customers in the expanded polystyrene (EPS) insulated panels industry.

KEY FINDINGS of THE STUDY

• The report provides an extensive analysis of the current and emerging global expanded polystyrene (EPS) insulated panels market trends and dynamics. 
• By thickness, the 100 to 200 mm segment was the largest revenue generator in 2021.
• By type, the wall panels segment generated the highest revenue in 2021.
• By end user, the construction segment generated the highest revenue in 2021.
• Region wise, Europe is anticipated to dominates the global expanded polystyrene (EPS) insulated panels market share.
• The report provides an extensive analysis of the global expanded polystyrene (EPS) insulated panels market opportunities.
• The global expanded polystyrene (EPS) insulated panels market forecast analysis from 2022 to 2031 is included in the report.