| Product Code: ETC4515690 | 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 |
The Philippines continued to see a strong inflow of extruded polystyrene imports in 2024, with top exporting countries being Taiwan, China, Thailand, Japan, and the USA. The market remained highly concentrated, indicating limited diversification among suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 4.64%, while the growth rate from 2023 to 2024 spiked to 8.44%, suggesting a notable surge in demand for extruded polystyrene in the Philippines during that period.

Extruded polystyrene insulation materials are playing a crucial role in the construction sector. They are known for their exceptional thermal insulation properties and moisture resistance. As the country continues to experience growth in infrastructure de
The Philippines Extruded Polystyrene Market is experiencing growth owing to several factors. First, the construction industry`s expansion is driving demand for insulation materials. Extruded polystyrene offers excellent insulation properties, making it a
Challenges in the Philippines Extruded Polystyrene Market include environmental sustainability and regulation. With growing awareness of the environmental impact of plastics, especially single-use plastics, extruded polystyrene products are facing scrutin
The extruded polystyrene market in the Philippines is confronted by several challenges. First, the market faces intense competition due to the presence of multiple local and international manufacturers. This competition exerts pressure on pricing and qual
The Philippines Extruded Polystyrene market is characterized by global players such as BASF SE, Dow Chemical Company, and Kingspan Group. These companies provide extruded polystyrene insulation materials widely used in construction and insulation applicat
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 Extruded Polystyrene Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Extruded Polystyrene Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Extruded Polystyrene Market - Industry Life Cycle |
3.4 Philippines Extruded Polystyrene Market - Porter's Five Forces |
3.5 Philippines Extruded Polystyrene Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Philippines Extruded Polystyrene Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Philippines Extruded Polystyrene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient construction materials in the Philippines |
4.2.2 Growth in the construction industry, especially in residential and commercial sectors |
4.2.3 Government initiatives promoting sustainable building practices and materials |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of extruded polystyrene |
4.3.2 Competition from alternative insulation materials such as polyurethane and mineral wool |
5 Philippines Extruded Polystyrene Market Trends |
6 Philippines Extruded Polystyrene Market, By Types |
6.1 Philippines Extruded Polystyrene Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Philippines Extruded Polystyrene Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 Philippines Extruded Polystyrene Market Revenues & Volume, By Foundation, 2021-2031F |
6.1.4 Philippines Extruded Polystyrene Market Revenues & Volume, By Wall, 2021-2031F |
6.1.5 Philippines Extruded Polystyrene Market Revenues & Volume, By Roof, 2021-2031F |
6.1.6 Philippines Extruded Polystyrene Market Revenues & Volume, By Floor & ceiling, 2021-2031F |
6.1.7 Philippines Extruded Polystyrene Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Extruded Polystyrene Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Philippines Extruded Polystyrene Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Philippines Extruded Polystyrene Market Revenues & Volume, By Commercial, 2021-2031F |
7 Philippines Extruded Polystyrene Market Import-Export Trade Statistics |
7.1 Philippines Extruded Polystyrene Market Export to Major Countries |
7.2 Philippines Extruded Polystyrene Market Imports from Major Countries |
8 Philippines Extruded Polystyrene Market Key Performance Indicators |
8.1 Energy efficiency standards and regulations in the Philippines |
8.2 Number of new construction projects incorporating extruded polystyrene insulation |
8.3 Adoption rate of sustainable building certifications that favor the use of extruded polystyrene |
9 Philippines Extruded Polystyrene Market - Opportunity Assessment |
9.1 Philippines Extruded Polystyrene Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Philippines Extruded Polystyrene Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Philippines Extruded Polystyrene Market - Competitive Landscape |
10.1 Philippines Extruded Polystyrene Market Revenue Share, By Companies, 2024 |
10.2 Philippines Extruded Polystyrene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |