The Polystyrene Foam Manufacturing industry was negatively affected by the recession over the five years to 2014. Industry profit plummeted heavily at the beginning of the period, as the recession limited the buying power of the industry's key construction and manufacturing markets. In addition, high unemployment led to drops in consumer spending, which caused consumers to eat out less and spend less at the grocery store. Nevertheless, industry revenue is expected to increase over the five-year period. In the five years to 2019, revenue is projected to fall due to rising raw material costs and stricter regulations regarding the use of polystyrene-based plastic bags and containers in grocery stores and restaurants. Additionally, demand for polystyrene insulation is anticipated to rise only modestly, further adding to revenue decline.
This industry produces a wide range of polystyrene foam products including 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.