Polystyrene Foam Manufacturing in the US - Industry Market Research Report

Fluff and foam: As demand from downstream industries returns following the pandemic, industry revenue will grow

Manufacturers create polystyrene foam for various products, including insulation, food packaging containers and single-use tableware, like plates and cups. Through 2023, industry revenue is expected to strengthen at a CAGR of 3.0% to $13.3 billion, despite an expected 3.5% contraction in 2023 as demand from construction markets sharply declines. Profit has been volatile over the current period, overwhelmed by rising prices in oil and plastic. For most of the period, downstream buyers, like manufacturers, food service establishments and construction companies, have increased demand for polystyrene foam. Even so, the pandemic curtailed growth, halting spending and construction activity entirely. This industry produces a wide range of polystyrene foam products that include the following: expanded polystyrene (EPS) for food containers and cups; foam ice chests and other packaging; and insulation goods. The industry’s products are used by a wide range of downstream industries in the construction, manufacturing and hospitality sectors. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.