Expanded Polystyrene (EPS) Market Size Is Anticipated To Reach USD 12.97 Billion By 2025 : Grand View Research Inc.
San Francisco, 7 May 2019: The Report Expanded Polystyrene (EPS) Market Analysis By Product, By Application (Construction, Automotive, Packaging), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2018 – 2025 The global Expanded Polystyrene (EPS) Market is projected to reach approximately USD 12.97 billion by 2025, according to a new report conducted by Grand View Research, Inc. Rising growth of millennials and nuclear families as well increase in disposable income towards consumption of single use EPS containers provided by urban food outlets and takeaway stations is expected to promote the usage of expanded polystyrene. In addition, innovation in automotive sector including making cars more light weight and fuel efficient by global car manufacturers will propel to the growth of EPS over the forecast period. EPS demand in packaging industry are projected to grow at a CAGR of 5.0% from 2016 to 2025. High rate of manufact