The GCC Expanded Polystyrene Market ****size was valued at around 225 Thousand Tons in 2024 and is projected to reach 309 Thousand Tons by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.41% during the forecast period, i.e., 2025-30.
The growth of the market would be propelled by the burgeoning demand for EPS in construction, packaging, cold chain logistics, & automotive sectors, among others, for thermal insulation in buildings, packaging of various products, and temperature-controlled transportation of goods. These industries are witnessing significant growth in the GCC region, backed by increasing FDI (Foreign Direct Investment) and enhanced government support.
Mounting Use of Polyurethane as a Substitute for EPS – The growing popularity of polyurethane as a substitute material for EPS poses new challenges for the market players in terms of increased competition. The construction sector, i.e., a major procurer of EPS, is now slowly shifting toward polyurethane due to its better insulation performance & thermal properties. Similarly, it is also being used for manufacturing car seats, furniture, & other consumer goods. Hence, the surging demand for polyurethane as an alternative to EPS is likely to hinder the growth of the GCC Expanded Polystyrene Market in the coming years.
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GCC Expanded Polystyrene Market Size, Share & Industry Trends Analysis- By Type, (White, Grey & Silver, Black), By Production Method (In-Situ Suspension, Post-impregnation Suspension), By End User (Building & Construction, Electrical and Electronics, Packaging, Automotive, Others (Automotive, Healthcare, Agriculture, etc.)), By Country (The UAE, Saudi Arabia, Oman, Kuwait, Bahrain, Qatar), By Company (BASF, Kaneka Corp., SIBUR Holding, BEWI, SUNPOR, Synthos, TotalEnergies, SABIC, Sundolitt Ltd., UNIPOL, Ravago Manufacturing, Styro Qatar, Al Muhaidib Polystyrene Production Company, and Kuwait Styrene Company (TKSC))
Geographically, the GCC Expanded Polystyrene Market expands across:
the UAE has emerged as a key market for Expanded Polystyrene due to ever-increasing construction activities in the country.
Companies are strengthening their presence in the GCC Expanded Polystyrene market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.