| Product Code: ETC8624451 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
In 2024, Nigeria continued to be a key market for expandable polystyrene (EPS) imports, with notable shipments coming from China, Taiwan, India, South Korea, and Hong Kong. The market is highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 1.69% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -19.95%. This suggests a potential shift in market dynamics or external factors influencing the EPS import market in Nigeria.
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 Nigeria Expandable Polystyrene EPS Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Expandable Polystyrene EPS Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Expandable Polystyrene EPS Market - Industry Life Cycle |
3.4 Nigeria Expandable Polystyrene EPS Market - Porter's Five Forces |
3.5 Nigeria Expandable Polystyrene EPS Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Expandable Polystyrene EPS Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Nigeria Expandable Polystyrene EPS Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for packaging solutions in industries such as food and beverage, electronics, and pharmaceuticals. |
4.2.2 Growth in construction activities driving the demand for insulation materials like expandable polystyrene (EPS). |
4.2.3 Government initiatives promoting the use of recyclable and sustainable materials in packaging and construction sectors. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as styrene monomer impacting the production costs of EPS. |
4.3.2 Competition from alternative materials like polyurethane foam and extruded polystyrene affecting market penetration. |
4.3.3 Environmental concerns related to the disposal and recycling of EPS leading to regulatory challenges. |
5 Nigeria Expandable Polystyrene EPS Market Trends |
6 Nigeria Expandable Polystyrene EPS Market, By Types |
6.1 Nigeria Expandable Polystyrene EPS Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Expandable Polystyrene EPS Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Expandable Polystyrene EPS Market Revenues & Volume, By White, 2021- 2031F |
6.1.4 Nigeria Expandable Polystyrene EPS Market Revenues & Volume, By Grey, 2021- 2031F |
6.1.5 Nigeria Expandable Polystyrene EPS Market Revenues & Volume, By Silver, 2021- 2031F |
6.2 Nigeria Expandable Polystyrene EPS Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Expandable Polystyrene EPS Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.2.3 Nigeria Expandable Polystyrene EPS Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.4 Nigeria Expandable Polystyrene EPS Market Revenues & Volume, By Other End Users, 2021- 2031F |
7 Nigeria Expandable Polystyrene EPS Market Import-Export Trade Statistics |
7.1 Nigeria Expandable Polystyrene EPS Market Export to Major Countries |
7.2 Nigeria Expandable Polystyrene EPS Market Imports from Major Countries |
8 Nigeria Expandable Polystyrene EPS Market Key Performance Indicators |
8.1 Recycling rate of EPS in Nigeria. |
8.2 Adoption rate of EPS in new construction projects. |
8.3 Percentage of EPS used in packaging solutions compared to other materials in key industries. |
9 Nigeria Expandable Polystyrene EPS Market - Opportunity Assessment |
9.1 Nigeria Expandable Polystyrene EPS Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Expandable Polystyrene EPS Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Nigeria Expandable Polystyrene EPS Market - Competitive Landscape |
10.1 Nigeria Expandable Polystyrene EPS Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Expandable Polystyrene EPS Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |