세계의 폴리스티렌 시장 : 수지 유형별, 용도별, 지역별, 기회, 예측(2018-2032년)

Global polystyrene market is projected to witness a CAGR of 4.11% during the forecast period 2025-2032, growing from USD 34.85 billion in 2024 to USD 48.10 billion in 2032. Overall, the global polystyrene market has continued to experience growth trends in recent years because of increased construction activities and sustainability dynamics. As construction and urban development accelerate globally, demand for energy-efficient insulating material, particularly for residential and commercial construction, also increases. Given polystyrene's critical role in thermal insulation, sound insulation, lightweight construction, and lower-density properties that enhance construction structure efficiencies and reduce energy consumption, demand opportunities seem positively perpetuated in the market outlook.

Along with sustainability, developments have been made in bio-based and recycled polystyrene products that satisfy environmental standards and promote circular economy alternatives. Expanded developments and expansion in the insulation market are being observed in the polystyrene producers' market that are advancing new technologies and new recycling technology to make polystyrene reusable as best as possible to limit plastic waste and provide alternative green building materials. With the support of government initiatives and industry organizations to drive sustainable practices into construction and building materials, the polystyrene market outlook should remain positive, buoyed by investments in next generation insulation technologies.

For instance, in February 2025, Hiroshima Electric Railway Company used the lightweight polystyrene for new track bed foundations of new line in Hiroshima. The project aims on the sustainability and energy efficient building materials which have a less impact on the environment. Thie will lead to significant rise in the demand of polystyrene in the construction sector and building solid materials.

Construction Sector Expansion is Driving the Polystyrene Market

The extraordinary growth of the construction sector is an important contributor of the global demand for polystyrene, as demand continues for lightweight, durable, and energy-efficient products are on the rise. Polystyrene delivers value in varying manufactured forms including insulation panels, roofing and structural materials as they contribute to improved thermal efficiency across building stock. As increasing urbanization continues and infrastructure projects gain momentum globally, the commitment from governments and businesses alike to sustainable construction continues to propel polystyrene through sustainability and performance measures. The advancements in expanded polystyrene (EPS) technology have improved fire resistance and recyclability are now making it a sought-out application for modern buildings. Companies and developers are compelled to build energy-efficient buildings, and polystyrene continues to be the material of choice to reduce energy consumption and contribute to the green building initiatives across the construction industry.

For instance, in May 2025, Atlas Roofing Corporation announced its acquisition of Groupe Expan, a Canadian company in manufacturing expanded polystyrene solutions. The acquisition represents a considerable extension of Atlas Roofing's entry into the construction sector and a response to growing demand for energy efficient insulation products. Groupe Expan has manufacturing facilities located in Quebec and Ontario and is recognized for high-performance polystyrene products typically used in residential and commercial construction. Atlas can expand its production capacity, geographic markets and operational advantage, becoming one of leadership positions among North America's largest moulded polystyrene manufacturers.

This event demonstrates the ever-expanding applications of polystyrene construction materials consistent with the move towards sustainable, lightweight building materials, that provide better insulation and reduced energy use.

Ongoing Sustainability Initiatives in Polystyrene Market Creating Market Opportunity

The global market for polystyrene is evolving, driven by sustainability initiatives that are driving product innovation and new markets. With increasing worries about plastic waste and environmental burdens, manufacturers of polystyrene products are investing in sophisticated recycling technologies to facilitate the reuse of polystyrene and reduce its ammunition in landfills. Companies are focusing on developing bio-based and recycled polystyrene, which is consistent with circular economic goals and official policies and plans. Governments around the world are adopting tough policies to curb the use of single-use plastics, forcing industries to adopt environmentally conscious alternatives. The construction industry - a leading proposed consumer of polystyrene is moving toward more energy efficient insulation options, powering polystyrene demand to offer sustainable options within the market. Additionally, chemical engineering developments that are creating low-carbon and biodegradable polystyrene have also broadened customer appeal across the industry.

In Feb 2025, Trinseo introduced the transparent dissolution recycled polystyrene product in the European market. It is designed for direct food applications. This product is approved under the compliance of EU regulations 2022/1616. As governments and industries promote greener solutions, the polystyrene sector is likely to see sustainable growth as investments increase in next-generation recycling and bio-based solutions.

Dominance of Expanded Polystyrene (EPS) in Global Market

Expanded polystyrene (EPS) accounts for most of the global polystyrene market, thanks largely to its thermal insulation properties, light weight and ability to be recycled. EPS is widely used in the construction, packaging and industrial sectors. It helps to improve energy efficiency in buildings through thermal insulation while providing lighter structural weights. In packaging, it supplies protection to delicate goods during transport, as it is very durable and absorb shocks. With industry participants focusing on sustainability as a key organizational priority, EPS is developing through utilization of recycling technology, thus helping to mitigate its environmental impact while maintaining EPS performance. Companies are investing in new technologies that advance EPS manufacturing, which further bolsters its role in green building strategies and sustainable packaging options.

Additionally, governments and regulatory institutions are promoting EPS recycling programs, encouraging uptake across different applications. With a growing demand for energy-efficient materials, EPS continues to be an important part of the global effort to develop sustainable buildings and industrial products.

Asia-Pacific Region Dominates the Polystyrene Market

The Asia-Pacific region is the key region for the global demand for polystyrene resin. This is due to fast-paced industrialization, urbanization, and infrastructure improvements occurring in China, India, South Korea, and other locations in the region. The rapid growth of the packaging, construction, and electronics industries significantly drives consumption of polystyrene in the region, especially the expanded polystyrene (EPS) portion, which is mainly related to insulation and protective packaging.

For instance, in October 2024, Supreme Petrochem Limited (SPI) expanded its polystyrene production facility in Amdoshi facility, India. SPl has acquired 96 acres in Haryana, India for building the polystyrene project and expandable polystyrene facility. This new facility will aid the demand of construction packaging demand in India. This is a strong signal about the APAC region's leadership in polystyrene consumption, driven by rapid industrialization and infrastructure development.

Impact of the United States Tariffs on Global Polystyrene Market

In the United States, tariffs are expected to raise the price of imported polystyrene, making it more expensive for domestic manufacturers to source raw materials from Asia and Europe.

Companies are shifting supply chains to regional suppliers, reducing reliance on China and expanding North American production.

Domestic producers benefit from reduced foreign competition, but they face higher operational costs due to expensive raw materials.

Countries affected by tariffs seek alternative trade agreements to bypass restrictions and maintain market stability.

Key Players Landscape and Outlook

Polystyrene producers are implementing strategic business undertakings to increase revenue and market share. Businesses are investing significantly in research and development as they look to increase polystyrene sustainability and focus on recycled content, bio-based alternatives, and advanced polymer formulations. These innovations are expected to address and bolster growing demand for sustainable market products across various applications in packaging, building insulation, and automobiles. Fabricators are also expanding product lines and creating low carbon and recyclable polystyrene products that meet environmental regulations and requirements. However, the market has seen the establishment of strategic alliances and partnerships with construction companies, packaging companies, and recycling technology companies to expedite commercialization of products and bolster market saturation.

For instance, in May 2025, Trinseo LLC announced a price decrease for all polystyrene (PS) grades in Europe, effective May 1, 2025, indicating market dynamics and competitive pressures in the region.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S Tariffs

4. Executive Summary

5. Voice of Customer

• 5.1. Factors Considered in Purchase Decisions
  • 5.1.1. Grades
  • 5.1.2. Supply Esurance
  • 5.1.3. After-Sales Support
  • 5.1.4. Cost of Product

6. Global Polystyrene Market Outlook, 2018-2032F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Resin Type
    • 6.2.1.1. General Purpose Polystyrene (GPPS)
    • 6.2.1.2. High Impact Polystyrene (HIPS)
    • 6.2.1.3. Expandable Polystyrene (EPS)
    • 6.2.1.4. Others
  • 6.2.2. By Application
    • 6.2.2.1. Packaging
    • 6.2.2.2. Construction
    • 6.2.2.3. Automotive
    • 6.2.2.4. Electronics
    • 6.2.2.5. Others
  • 6.2.3. By Region
    • 6.2.3.1. North America
    • 6.2.3.2. Europe
    • 6.2.3.3. Asia-Pacific
    • 6.2.3.4. South America
    • 6.2.3.5. Middle East and Africa
  • 6.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 6.3. Market Map Analysis, 2024
  • 6.3.1. By Resin Type
  • 6.3.2. By Application
  • 6.3.3. By Region

7. North America Polystyrene Market Outlook, 2018-2032F*

• 7.1. Market Size Analysis & Forecast
  • 7.1.1. By Value
  • 7.1.2. By Volume
• 7.2. Market Share Analysis & Forecast
  • 7.2.1. By Resin Type
    • 7.2.1.1. General Purpose Polystyrene (GPPS)
    • 7.2.1.2. High Impact Polystyrene (HIPS)
    • 7.2.1.3. Expandable Polystyrene (EPS)
    • 7.2.1.4. Others
  • 7.2.2. By Application
    • 7.2.2.1. Packaging
    • 7.2.2.2. Construction
    • 7.2.2.3. Automotive
    • 7.2.2.4. Electronics
    • 7.2.2.5. Others
  • 7.2.3. By Country Share
    • 7.2.3.1. United States
    • 7.2.3.2. Canada
    • 7.2.3.3. Mexico
• 7.3. Country Market Assessment
  • 7.3.1. United States Polystyrene Market Outlook, 2018-2032F*
    • 7.3.1.1. Market Size Analysis & Forecast
      • 7.3.1.1.1. By Value
      • 7.3.1.1.2. By Volume
    • 7.3.1.2. Market Share Analysis & Forecast
      • 7.3.1.2.1. By Resin Type
        • 7.3.1.2.1.1. General Purpose Polystyrene (GPPS)
        • 7.3.1.2.1.2. High Impact Polystyrene (HIPS)
        • 7.3.1.2.1.3. Expandable Polystyrene (EPS)
        • 7.3.1.2.1.4. Others
      • 7.3.1.2.2. By Application
        • 7.3.1.2.2.1. Packaging
        • 7.3.1.2.2.2. Construction
        • 7.3.1.2.2.3. Automotive
        • 7.3.1.2.2.4. Electronics
        • 7.3.1.2.2.5. Others
  • 7.3.2. Canada
  • 7.3.3. Mexico

All segments will be provided for all regions and countries covered

8. Europe Polystyrene Market Outlook, 2018-2032F

• 8.1. Germany
• 8.2. France
• 8.3. Italy
• 8.4. United Kingdom
• 8.5. Russia
• 8.6. Netherlands
• 8.7. Spain
• 8.8. Turkey
• 8.9. Poland

9. Asia-Pacific Polystyrene Market Outlook, 2018-2032F

• 9.1. India
• 9.2. China
• 9.3. Japan
• 9.4. Australia
• 9.5. Vietnam
• 9.6. South Korea
• 9.7. Indonesia
• 9.8. Philippines

10. South America Polystyrene Market Outlook, 2018-2032F

• 10.1. Brazil
• 10.2. Argentina

11. Middle East and Africa Polystyrene Market Outlook, 2018-2032F

• 11.1. Saudi Arabia
• 11.2. UAE
• 11.3. South Africa

12. Value Chain Analysis

13. Porter's Five Forces Analysis

14. PESTLE Analysis

15. Pricing Analysis

16. Market Dynamics

• 16.1. Market Drivers
• 16.2. Market Challenges

17. Market Trends and Developments

18. Competitive Landscape

• 18.1. Competition Matrix of Top 5 Market Leaders
• 18.2. SWOT Analysis for Top 5 Players
• 18.3. Key Players Landscape for Top 10 Market Players
  • 18.3.1. INEOS Styrolution GmbH
    • 18.3.1.1. Company Details
    • 18.3.1.2. Key Management Personnel
    • 18.3.1.3. Products and Services
    • 18.3.1.4. Financials (As Reported)
    • 18.3.1.5. Key Market Focus and Geographical Presence
    • 18.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 18.3.2. TotalEnergies SE
  • 18.3.3. BASF SE
  • 18.3.4. Formosa Chemicals & Fibre Corporation
  • 18.3.5. Kumho Petrochemical Co. Ltd.
  • 18.3.6. Saudi Basic Industries Corporation (SABIC)
  • 18.3.7. Trinseo LLC
  • 18.3.8. Videolar-Innova S.A.
  • 18.3.9. LG Chem Ltd.
  • 18.3.10. Zhangzhou CHIMEI Chemical Co., Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

19. Strategic Recommendations

20. About Us and Disclaimer