by Corinne Gangloff
October 17, 2019
Demand for extruded polystyrene (XPS) insulation is forecast to grow 4.7% per annum to 1.6 million metric tons in 2023, boosted by:
XPS is anticipated to increase its market share through 2023 as it provides similar energy efficiency at a lower price than PUR/PIR.
For more information regarding the study Global Foamed Plastic Insulation visit: https://www.freedoniagroup.com/industry-study/global-foamed-plastic-insulation-3756.htm
Global demand for all types of foamed plastic insulation is anticipated to grow 3.8% annually to 8.2 million metric tons in 2023. Expanded polystyrene (EPS) will continue to account for the largest share of demand through 2023 – 43% – as its low cost and widespread availability make it the material of choice in many low-income parts of the world.
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