Nigeria Expanded Polystyrene (EPS) Market (2025-2031) Outlook | Value, Share, Size, Forecast, Industry, Analysis, Trends, Growth, Companies & Revenue
Market Forecast By Product Type (EPS), By Market Product Type (White, Grey, Black), By End Use Industry (Building & Construction, Packaging, Others) And Competitive Landscape
| Product Code: ETC4516370 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Nigeria Expanded Polystyrene Eps Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Nigeria continued to rely on imports of expanded polystyrene (EPS) with top exporters being China, Taiwan, India, South Korea, and Hong Kong. Despite a moderate compound annual growth rate (CAGR) of 1.69% from 2020 to 2024, the sector experienced a significant decline in growth rate of -19.95% from 2023 to 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges in terms of competition and market dynamics for EPS importers in Nigeria. Further analysis is recommended to understand the factors contributing to the fluctuating growth rates in the EPS import market.
Key Highlights of the Report:
- Nigeria Expanded Polystyrene (EPS) Market Outlook
- Market Size of Nigeria Expanded Polystyrene (EPS) Market, 2024
- Forecast of Nigeria Expanded Polystyrene (EPS) Market, 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Revenues & Volume for the Period 2021 - 2031
- Nigeria Expanded Polystyrene (EPS) Market Trend Evolution
- Nigeria Expanded Polystyrene (EPS) Market Drivers and Challenges
- Nigeria Expanded Polystyrene (EPS) Price Trends
- Nigeria Expanded Polystyrene (EPS) Porter's Five Forces
- Nigeria Expanded Polystyrene (EPS) Industry Life Cycle
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By Product Type for the Period 2021 - 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By EPS for the Period 2021 - 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By Market Product Type for the Period 2021 - 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By White for the Period 2021 - 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By Grey for the Period 2021 - 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By Black for the Period 2021 - 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By End Use Industry for the Period 2021 - 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By Building & Construction for the Period 2021 - 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By Packaging for the Period 2021 - 2031
- Historical Data and Forecast of Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume By Others for the Period 2021 - 2031
- Nigeria Expanded Polystyrene (EPS) Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Market Product Type
- Market Opportunity Assessment By End Use Industry
- Nigeria Expanded Polystyrene (EPS) Top Companies Market Share
- Nigeria Expanded Polystyrene (EPS) Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Expanded Polystyrene (EPS) Company Profiles
- Nigeria Expanded Polystyrene (EPS) Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Nigeria Expanded Polystyrene (EPS) Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Expanded Polystyrene (EPS) Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Expanded Polystyrene (EPS) Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Expanded Polystyrene (EPS) Market - Industry Life Cycle |
3.4 Nigeria Expanded Polystyrene (EPS) Market - Porter's Five Forces |
3.5 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume Share, By Market Product Type, 2021 & 2031F |
3.7 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Nigeria Expanded Polystyrene (EPS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Nigeria leading to a rise in demand for expanded polystyrene (EPS) for insulation and packaging purposes. |
4.2.2 Growing focus on sustainable packaging solutions driving the adoption of EPS as a recyclable and lightweight material. |
4.2.3 Favorable government regulations promoting the use of EPS in various industries. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production cost of EPS. |
4.3.2 Environmental concerns related to the disposal and recycling of EPS creating negative perceptions among consumers and regulators. |
5 Nigeria Expanded Polystyrene (EPS) Market Trends |
6 Nigeria Expanded Polystyrene (EPS) Market, By Types |
6.1 Nigeria Expanded Polystyrene (EPS) Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume, By EPS, 2021 - 2031F |
6.2 Nigeria Expanded Polystyrene (EPS) Market, By Market Product Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume, By White, 2021 - 2031F |
6.2.3 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume, By Grey, 2021 - 2031F |
6.2.4 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume, By Black, 2021 - 2031F |
6.3 Nigeria Expanded Polystyrene (EPS) Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume, By Building & Construction, 2021 - 2031F |
6.3.3 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.3.4 Nigeria Expanded Polystyrene (EPS) Market Revenues & Volume, By Others, 2021 - 2031F |
7 Nigeria Expanded Polystyrene (EPS) Market Import-Export Trade Statistics |
7.1 Nigeria Expanded Polystyrene (EPS) Market Export to Major Countries |
7.2 Nigeria Expanded Polystyrene (EPS) Market Imports from Major Countries |
8 Nigeria Expanded Polystyrene (EPS) Market Key Performance Indicators |
8.1 Recycling rate of EPS in Nigeria. |
8.2 Adoption rate of EPS in new industries beyond construction and packaging. |
8.3 Percentage of EPS manufacturers using sustainable production practices. |
9 Nigeria Expanded Polystyrene (EPS) Market - Opportunity Assessment |
9.1 Nigeria Expanded Polystyrene (EPS) Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Expanded Polystyrene (EPS) Market Opportunity Assessment, By Market Product Type, 2021 & 2031F |
9.3 Nigeria Expanded Polystyrene (EPS) Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Nigeria Expanded Polystyrene (EPS) Market - Competitive Landscape |
10.1 Nigeria Expanded Polystyrene (EPS) Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Expanded Polystyrene (EPS) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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