India Expanded Polystyrene Market Analysis: Plant, Demand & Supply, Technology, Competition, Trade, Market Analysis, 2030

Format: Online | Last Updated: Feb 2020

[Online Quarterly Update] Expanded Polystyrene witnessed a healthy demand in India during 2013-2019 and is anticipated to achieve a CAGR of 5.75% during the forecast period. Construction of various residential buildings, growing number of industries, etc., are somehow increasing the demand for Expanded Polystyrene because of its unique durability and perfect thermal efficiency. As the product is light weight, it is being widely used in packings of fragile items such as peanuts or moreover as solid blocks to improve the safety of products. Additionally, to improve the safety of the products related to pharmaceuticals, it is used in cold chain packaging, which is one of the major applications of Expanded Polystyrene. Furthermore, when it comes to the food and beverages, Expanded Polystyrene helps them to retain and maintain their freshness. When it comes to automotive industries, Expanded Polystyrene plays a very important role to provide comfort to the passengers as EPS Foams are used in the manufacturing of seats used in vehicles. Additionally, EPS foams are used to insulate air conditioning equipment in vehicles and in reducing the transmission of engine noise inside the cabin.
Years Considered for this Report:
Historical Years: 2013 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
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Objective of the Study:
•        The primary objective of the study was to evaluate and forecast Expanded Polystyrene capacity, production,
          demand, inventory, and demand – supply gap in India. 
•        To categorize Expanded Polystyrene demand based on end use, region and sales channel.
•        To study trade dynamics and company share in India Expanded Polystyrene market.
•        To identify major customers of Expanded Polystyrene in India.
•        To evaluate and forecast Expanded Polystyrene pricing in India Expanded Polystyrene market.
•        To identify and profile major companies operating in India Expanded Polystyrene market.
•        To identify major news, deals and expansion plans in India Expanded Polystyrene market.
Report Scope:
In this report, India Expanded Polystyrene market has been segmented into following categories:
Major players operating in India Expanded Polystyrene market include Supreme Petrochem, Lg Polymers India Pvt. Ltd., K.K Nag Pvt. Ltd and others. Out of which Supreme Petrochem is the leading manufacturer carrying 50% sharing of the product with a production of above 2 Lakhs TPA. Some of the international key players in the product market include SYNTHOS, BASF, etc. but Indian market does not import much of the product internationally.
As of 2019, import of Expanded Polystyrene has increased by 16 per cent on y-o-y basis. Expanded Polystyrene prices were assessed at INR XXX per MT on bulk contract basis, down by about XX per cent. Domestic price of Expanded Polystyrene was assessed lower than the import price with the price differential observed to the tune of INR XX per Kg.
To extract data for India Expanded Polystyrene market, primary research surveys were conducted with Expanded Polystyrene manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India Expanded Polystyrenemarket over the coming years.
ChemAnalyst calculated Expanded Polystyrene demand in India by analyzing the historical data and demand forecast was carried out considering Polystyrene prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
•      Expanded Polystyrene manufacturers, suppliers and other stakeholders
•      Organizations, forums and alliances related to Expanded Polystyrene distribution
•      Government bodies such as regulating authorities and policy makers
•      Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Expanded Polystyrene manufacturers, distributors and Expanded Polystyrene importers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research

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