Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.12 Billion | USD 8.22 Billion | 5.31% | 2022 |
FrequentlyAsked Questions
Extruded polystyrenes are thermoplastic polymers that are produced via extrusion. Owing to their closed cell structure, these polymers are very moisture resistant and have excellent insulating qualities. They also have excellent compressive strength, are simple to install & handle, and provide long-term thermal efficiency.
The need for green buildings is fueled by the increased impact of constructing buildings on the environment and human health. Green construction denotes the use of environmentally friendly and resource-efficient methods at every level of the construction process. Green construction is primarily concerned with boosting the building's energy efficiency and reducing waste linked with the use of materials, water, and energy.
According to the Zion Market Research report, the global extruded polystyrene insulation materials market was worth about USD 6.12 billion in 2022 and is estimated to grow to about USD 8.22 billion by 2030.
The global extruded polystyrene insulation materials market is expected to grow at a rapid CAGR of 5.31% during the forecast period.
Asia Pacific region had the largest proportion of the global extruded polystyrene insulation material market. This is due to the support of private ownership of the real estate and an increase in house remodeling and construction, the demand for XPS insulation in Asia-Pacific has been steadily increasing.
Key players functioning in the global extruded polystyrene insulation material market include as Emirates Extruded Polystyrene LLC, BASF SE, Kingspan Group, Owens Corning, Jackon Insulation GmbH, Abrisonv, URSA Insulation SA, Ravago, SopremaInc., and Austrotherm. Other emerging players working in this market include Loyal Group, Penoplex SPB LLC, Knauf Insulation, Foamex Victoria Pty., Ltd., Xella International GmbH, Synthos S.A, Technonicol Corporation, and The Ravago Group.
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