Global Closed-cell Extruded Polystyrene Foam Market Size & Share Analysis - By Product Type, By Application, By Region - Forecasts (2024 - 2031)

The "Closed-cell Extruded Polystyrene Foam Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Closed-cell Extruded Polystyrene Foam market is expected to grow annually by 12% (CAGR 2024 - 2031).

This entire report is of 154 pages.

Closed-cell Extruded Polystyrene Foam Introduction and its Market Analysis

The Closed-cell Extruded Polystyrene Foam market research report analyzes the current market conditions and trends for this versatile insulation material. Closed-cell Extruded Polystyrene Foam is a type of rigid insulation known for its thermal resistance and moisture resistance properties, making it ideal for construction applications. The target market includes industries such as construction, packaging, and automotive. Major factors driving revenue growth include the increasing demand for energy-efficient building materials and the rising construction activities worldwide. Key players in the market include Dow, Owens Corning, BASF, Ursa, Ineos Styrencis, Sunpor, Synthos, Polimeri, Styrochem, Sunde, Monotez, and Jackon. The report's main findings highlight the growing adoption of Closed-cell Extruded Polystyrene Foam in various end-user industries and recommend strategies for market players to capitalize on these opportunities.

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Closed-cell Extruded Polystyrene Foam is a versatile material used in various industries such as building & construction, packaging, and others. It comes in three different types - White, Grey, and Black, each offering unique properties for specific applications. The foam's closed-cell structure provides excellent thermal insulation and moisture resistance, making it a popular choice for insulating buildings, packaging fragile items, and other industrial purposes.

In terms of market regulations, the Closed-cell Extruded Polystyrene Foam market is subject to specific legal factors that govern its production, distribution, and use. Manufacturers must comply with industry standards and environmental regulations to ensure the foam's safety and sustainability. Regulatory bodies monitor the market conditions to ensure compliance with quality standards and environmental protection measures.

Overall, the Closed-cell Extruded Polystyrene Foam market offers a range of opportunities for businesses in various industries. By understanding the different types and applications of the foam, companies can effectively leverage its properties for their specific needs. Compliance with regulatory and legal factors is essential for sustainable growth in the market and meeting customer demands for quality products.

Top Featured Companies Dominating the Global Closed-cell Extruded Polystyrene Foam Market

The closed-cell extruded polystyrene foam market is highly competitive with key players such as Dow, Owens Corning, BASF, Ursa, Ineos Styrencis, Sunpor, Synthos, Polimeri, Styrochem, Sunde, Monotez, and Jackon. These companies primarily operate in the building and construction industry, where the demand for closed-cell extruded polystyrene foam is growing due to its excellent thermal insulation properties.

Dow, one of the leading players in the market, offers a wide range of closed-cell extruded polystyrene foam products under the brand name Styrofoam. Owens Corning, another major player, provides extruded polystyrene foam solutions for insulation and roofing applications.

BASF, Ursa, Ineos Styrencis, and other companies also offer closed-cell extruded polystyrene foam products for various construction applications. These companies help to grow the market by investing in research and development to improve the performance and sustainability of their products.

In terms of sales revenue, Dow reported a revenue of $ billion in 2020, while Owens Corning reported a revenue of $7.1 billion in the same year. BASF, one of the largest chemical companies globally, reported a revenue of €59.1 billion in 2020.

Overall, the key players in the closed-cell extruded polystyrene foam market play a significant role in driving market growth through innovation, product development, and strategic partnerships with key stakeholders in the building and construction industry. Their commitment to sustainability and environmental stewardship also helps to create a positive impact on the market and meet the increasing demand for energy-efficient insulation solutions.

• Dow
• Owens Corning
• BASF
• Ursa
• Ineos Styrencis
• Sunpor
• Synthos
• Polimeri
• Styrochem
• Sunde
• Monotez
• Jackon

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Closed-cell Extruded Polystyrene Foam Market Analysis, by Type:

• White
• Grey
• Black

Closed-cell extruded polystyrene foam comes in three main types: white, grey, and black. White foam provides high resistance to moisture and maintains its thermal properties, while grey foam offers improved insulation and compressive strength. Black foam is designed for long-term outdoor use with UV resistance and durability. The variety of options in color and properties cater to different needs, boosting the demand for closed-cell extruded polystyrene foam in various industries such as construction, packaging, and automotive. Customers can choose the type that best suits their requirements, driving market growth.

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Closed-cell Extruded Polystyrene Foam Market Analysis, by Application:

• Building & construction
• Packaging
• Others

Closed-cell extruded polystyrene foam is commonly used in building and construction for insulation and moisture resistance. In packaging, it is used for cushioning and protection of fragile items during shipping. In other applications, it is used for flotation devices, surfboards, and automotive components. The fastest growing application segment in terms of revenue is building and construction, as increasing awareness of energy efficiency drives demand for insulation materials. This foam's closed-cell structure provides excellent thermal resistance and water resistance, making it ideal for a wide range of applications where durability and insulation are crucial.

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Closed-cell Extruded Polystyrene Foam Industry Growth Analysis, by Geography:

North America:

• United States
• Canada

Europe:

• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:

• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:

• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:

• Turkey
• Saudi
• Arabia
• UAE
• Korea

The closed-cell extruded polystyrene foam market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among these regions, North America and Europe are expected to dominate the market with a combined market share of over 50%. The United States, Germany, and France are projected to be the key contributors to the growth in these regions. In Asia-Pacific, countries like China, Japan, and India are expected to experience substantial growth in the market. Latin America and Middle East & Africa are also anticipated to witness steady growth in the closed-cell extruded polystyrene foam market.

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