| Product Code: ETC8840751 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines has seen a consistent increase in expandable polystyrene (EPS) import shipments, with top exporting countries being Taiwan, China, Thailand, Japan, and the USA. The market remains highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stands at a steady 4.64%, with a notable growth rate of 8.44% from 2023 to 2024. This data suggests a sustained demand for EPS in the Philippines, driven by imports from key global suppliers.

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 Philippines Expandable Polystyrene EPS Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Expandable Polystyrene EPS Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Expandable Polystyrene EPS Market - Industry Life Cycle |
3.4 Philippines Expandable Polystyrene EPS Market - Porter's Five Forces |
3.5 Philippines Expandable Polystyrene EPS Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Expandable Polystyrene EPS Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Philippines Expandable Polystyrene EPS Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in the Philippines, leading to increased demand for expandable polystyrene (EPS) for insulation and packaging purposes. |
4.2.2 Rising disposable income and urbanization driving the demand for consumer goods and electronics, thereby increasing the need for EPS packaging solutions. |
4.2.3 Government initiatives promoting sustainable and eco-friendly packaging materials, positioning EPS as a preferred choice due to its recyclability and lightweight nature. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of EPS, potentially leading to price volatility in the market. |
4.3.2 Environmental concerns and regulations regarding the disposal and recycling of EPS, posing challenges for manufacturers in the Philippines. |
4.3.3 Competition from alternative packaging materials such as biodegradable plastics and paper-based products, affecting the market share of EPS in certain applications. |
5 Philippines Expandable Polystyrene EPS Market Trends |
6 Philippines Expandable Polystyrene EPS Market, By Types |
6.1 Philippines Expandable Polystyrene EPS Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Expandable Polystyrene EPS Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Expandable Polystyrene EPS Market Revenues & Volume, By White, 2021- 2031F |
6.1.4 Philippines Expandable Polystyrene EPS Market Revenues & Volume, By Grey, 2021- 2031F |
6.1.5 Philippines Expandable Polystyrene EPS Market Revenues & Volume, By Silver, 2021- 2031F |
6.2 Philippines Expandable Polystyrene EPS Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Philippines Expandable Polystyrene EPS Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.2.3 Philippines Expandable Polystyrene EPS Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.4 Philippines Expandable Polystyrene EPS Market Revenues & Volume, By Other End Users, 2021- 2031F |
7 Philippines Expandable Polystyrene EPS Market Import-Export Trade Statistics |
7.1 Philippines Expandable Polystyrene EPS Market Export to Major Countries |
7.2 Philippines Expandable Polystyrene EPS Market Imports from Major Countries |
8 Philippines Expandable Polystyrene EPS Market Key Performance Indicators |
8.1 Recycling rate of EPS in the Philippines, indicating the sustainability efforts and acceptance of EPS as a recyclable material. |
8.2 Adoption rate of EPS in new construction projects and packaging applications, reflecting the market penetration and growth potential of EPS. |
8.3 Innovation rate in EPS technology and manufacturing processes, showcasing the industry's ability to meet evolving market demands and improve product quality. |
9 Philippines Expandable Polystyrene EPS Market - Opportunity Assessment |
9.1 Philippines Expandable Polystyrene EPS Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Expandable Polystyrene EPS Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Philippines Expandable Polystyrene EPS Market - Competitive Landscape |
10.1 Philippines Expandable Polystyrene EPS Market Revenue Share, By Companies, 2024 |
10.2 Philippines Expandable Polystyrene EPS Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here