Novel upfront technology and planning in framing turnkey designs of timber frame buildings are set to provide higher growth to the market over the long-term forecast period. Integrated frame designs are anticipated to cut construction schedule times by nearly 50%, and the overall cost of labor as well that is incurred with conventional building methods. Also, lowered cost of construction and at...
Expanded polystyrene is a rigid white material that is produced through the expansion of the polystyrene beads. The material is characterized by high rigidity, low weight, and superior insulating properties. Expanded polystyrene beads can be molded into large blocks, which can be used in the construction industry in a wide range of architectural shapes, in addition walls, roofs, floors and others.
Expanded polystyrene offers high flexibility in construction design, in addition to providing structures with better dimensional stability. In addition, the material is highly resistant to moisture and consequently prevents physical degradation. Further, the material is also witnessing high demand in the building and construction industry owing to its ease of use and relatively low costs.
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In most cases, expanded polystyrene is used in the form of a foam. This material finds use in a number of everyday items such as cups, box packaging, coolers, bottle caps, wine shippers, and more.
Eco-Friendly Characteristics Sustains Demand
variants of expanded polystyrene is normally tested extensively in terms of porosity, density, flammability, and strength. The material also finds use in the reclamation of landfills in a sanitary manner. Expanded polystyrene is also popular for insulation in buildings as it cuts energy requirements, and reduces the carbon footprint of the structure.
Further, expanded polystyrene does not react with other chemicals, is not toxic to the natural environment, and is completely free from harmful chemicals such as HCFCs and CFCs. The inert nature of the material has made expanded polystyrene foam a popular choice in food packaging.
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Major Players Seek to Consolidate With Subcontracts
The overall global market of expanded polystyrene is fragmented to a great extent, and is operated by a number of large and small scale players. Some of the largest names in the industry include Synthos S.A., BASF SE, Wuxi Xinda New Foam Plastics Materials, Co., Total S.A., Trinseo SA, Alpek, S.A.B. De C.V.
These companies can guarantee a high level of consistency and reliability. Major companies have been pushing to consolidate their position through expanding their production capacities. Other measures include investing money and efforts into research and development to bolster product quality. A key approach towards these objectives is to subcontract small scale players with regional facilities and specialization in processes to subcontract the services. The approach is key to bolstering production capacity to meet the massive demand.
Recycling Issues Push Manufacturers to Explore Reuse
Foams made from synthetic or plastic polymers including expanded polystyrene cannot be easily recycled. However, these materials are used extensively for high performance packaging solutions. However, with increasing concerns over waste accumulation, government regulatory bodies have started to penalize major manufacturers. In addition, consumers have also started to seek biodegradable alternatives.
These factors have started to reduce the production of expanded polystyrene, and increasingly, packaging businesses have been reuse their products, with the aim of producing new designs, which can be cost prohibitive. In addition, the difficulty of recycling has made businesses reluctant to invest in expanded polystyrene resources.
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