Expanded polystyrene (EPS), also known as expandable polystyrene, is a lightweight porous polymer. It has the advantages of low relative density, low thermal conductivity, low water absorption, shock and vibration resistance, thermal insulation, sound insulation, moisture resistance, vibration reduction, and excellent dielectric properties.

Expanded polystyrene (EPS) foam is widely used in shockproof packaging materials for mechanical equipment, instruments, household appliances, handicrafts and other vulnerable valuable products, as well as packaging of fast food. However, with the increase of its waste volume, recycling has become one of the issues of concern in the industry.

Overview of Market Development

According to our research data, the revenue scale of the global EPS foam market in 2024 is estimated to be $11.25 billion, an increase of 0.15% over 2023. In the next few years, with the growth of the economy and the upgrading of consumption structure, the market demand for EPS is expected to continue to grow. However, due to factors such as price fluctuations and tightening environmental policies, the market revenue scale may fluctuate, but overall it will show an upward trend. It is estimated that by 2029, the global EPS foam market revenue will increase to $12.38 billion. The CAGR for 2024-2029 is estimated to be 1.93%.

Segmented Market Analysis

From the perspective of product types, based on different physical properties, EPS foam can generally be divided into ordinary type and high insulation type. Among them, ordinary EPS foam dominates the market, and the market share is expected to reach 90.77% in 2024.

From the perspective of downstream application pattern, EPS foam is mainly used in construction, packaging and other fields. Among them, the construction industry is the largest downstream application market, with an estimated application share of 48.68% in 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions

From a regional perspective, the Asia Pacific region is the largest producer of the global EPS foam. The data shows that the global EPS foam production in 2024 is estimated to be 8325.7k tons, among which, the estimated production in the Asia Pacific region is 4723.8k tons, and the proportion is expected to reach 56.74%; The European region is expected to rank second with a share of 19.57%.

Regions	Production (K Tons)	Proportion
North America	967.7	11.62%
Europe	1629.7	19.57%
Asia Pacific	4723.8	56.74%
South America	912.5	10.96%
Middle East & Africa	92.0	1.11%
Global	8325.7	100%