| Product Code: ETC342024 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India polystyrene foam market import shipments demonstrated robust growth from 2020 to 2024, with a notable CAGR of 15.9%. Momentum accelerated significantly between 2023 and 2024, registering a growth rate of 31.8%. The market expanded steadily, reflecting a strong upward trend throughout the period.
The polystyrene foam market in India demonstrates growth potential, driven by its use in insulation, packaging, and construction. Expanded and extruded polystyrene foams offer thermal insulation properties. However, environmental concerns surrounding foam waste necessitate innovation in recycling methods and alternative materials.
The India polystyrene foam market is set to grow due to several driving factors. Polystyrene foam`s insulation properties make it a preferred choice for the construction industry, driving demand for applications like thermal insulation and soundproofing. The packaging industry`s need for lightweight and protective materials further supports market growth. The growing demand for ready-to-eat food and beverages also contributes to the demand for polystyrene foam packaging. However, environmental concerns regarding foam waste and regulations promoting sustainable alternatives could impact the market.
The polystyrene foam market in India serves industries like packaging, construction, and appliances. Challenges include environmental concerns related to foam waste, exploring biodegradable alternatives, and addressing health and safety perceptions. The industry needs to prioritize sustainable materials and contribute to waste management efforts.
The demand for polystyrene foam, commonly used in packaging and insulation, might have been influenced by changes in consumer behavior and the global economic slowdown caused by the pandemic.
The India polystyrene foam market is set to expand due to applications in insulation and packaging. Challenges include environmental concerns related to foam waste. Notable players include Supreme Industries, BASF India, and Nova Petrochemicals.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Polystyrene Foam Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polystyrene Foam Market Revenues & Volume, 2021 & 2031F |
3.3 India Polystyrene Foam Market - Industry Life Cycle |
3.4 India Polystyrene Foam Market - Porter's Five Forces |
3.5 India Polystyrene Foam Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Polystyrene Foam Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Polystyrene Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for packaging materials in various industries |
4.2.2 Growth in construction and infrastructure development projects |
4.2.3 Rising disposable income leading to higher consumer spending on electronics and appliances |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations related to the use of polystyrene foam |
4.3.2 Volatility in raw material prices affecting production costs |
5 India Polystyrene Foam Market Trends |
6 India Polystyrene Foam Market, By Types |
6.1 India Polystyrene Foam Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Polystyrene Foam Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Polystyrene Foam Market Revenues & Volume, By Expanded Polystyrene Foam, 2021-2031F |
6.1.4 India Polystyrene Foam Market Revenues & Volume, By Extruded Polystyrene Foam, 2021-2031F |
6.2 India Polystyrene Foam Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 India Polystyrene Foam Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 India Polystyrene Foam Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.4 India Polystyrene Foam Market Revenues & Volume, By Others, 2021-2031F |
7 India Polystyrene Foam Market Import-Export Trade Statistics |
7.1 India Polystyrene Foam Market Export to Major Countries |
7.2 India Polystyrene Foam Market Imports from Major Countries |
8 India Polystyrene Foam Market Key Performance Indicators |
8.1 Recycling rate of polystyrene foam in India |
8.2 Adoption rate of sustainable alternatives to polystyrene foam |
8.3 Number of new product innovations and applications using polystyrene foam |
8.4 Investment in research and development for eco-friendly polystyrene foam solutions |
9 India Polystyrene Foam Market - Opportunity Assessment |
9.1 India Polystyrene Foam Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Polystyrene Foam Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Polystyrene Foam Market - Competitive Landscape |
10.1 India Polystyrene Foam Market Revenue Share, By Companies, 2024 |
10.2 India Polystyrene Foam Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |