Extruded Polystyrene Insulation Materials Market Expected to Reach $3,827 million by 2023, Grow with a CAGR of 6.5%

The Global extruded polystyrene insulation materials market was valued at $2,418 million in 2016, and is expected to reach $3,827 million by 2023, registering a CAGR of 6.5% from 2017 to 2023. Extruded polystyrene (XPS) are thermoplastic polymers manufactured through the extrusion process. These polymers are highly moisture resistant and possess excellent insulation properties due to their closed cell structure. These are also characterized by high compressive strength, easy installation & handling, and long-term thermal performance. XPS is suitable for use in both interior and exterior applications in cold storage installations, rail beds, transmission line power foundations, walkaways, under concrete floors, parking decks, underground utility lines, fountain foundations, and other load-bearing applications.

Increase in construction spending, rise in popularity of energy-efficient building systems, and demand for insulation against high temperature from the residential sector drive the insulation XPS market growth. However, the fluctuating raw material prices and concerns due to presence of toxic chemicals are expected to hinder this growth. Furthermore, rise in awareness about energy-efficient buildings and development of XPS without the use of fluorochlorohydrocarbons provide lucrative opportunities for growth in the market.

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The list of Companies

BASF SE
The Dow Chemical Company
Honeywell International Inc.
Kingspan plc
Bayer Material Science
ITW Insulation Systems
Saint-Gobain S.A.
Evonik Industries AG
Knauf Insulation
E. I. du Pont de Nemours and Company

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The extruded polystyrene insulation materials market is segmented on the basis of application and geography. Based on application, it is divided into residential construction and non-residential construction. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major market players are actively involved in the development and launch of new XPS products to enhance their product portfolio and strengthen their position in the global market. For example, Dow Building Solutions, a part of The Dow Chemical Company, enhanced XENERGY, its XPS roofing insulation brand, by launching a complimentary insulation product, XENERGY LG for flat roof construction in June 2016. BASF SE also launched Styrodur 3000 CS to expand its Styrodur product range, with improved thermal conductivity and quick installation properties.

Table of Contents

  1. INTRODUCTION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. EXTRUDED POLYSTYRENE INSULATION MATERIALS MARKET, BY APPLICATION
  5. EXTRUDED POLYSTYRENE INSULATION MATERIALS MARKET, BY GEOGRAPHY
  6. COMPANY PROFILES

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Posted by on Tuesday May 21 2019, 8:00 AM EDT. All trademarks acknowledged. Filed under Advanced Materials, Business & Financial Services, Chemicals, Chemicals & Materials, Consumer & Retail, Featured Press Release, Metallurgical, Pulp & Paper, Technology Hardware & Equipment, Textiles. Comments and Trackbacks closed. Follow responses: RSS 2.0

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