One of the key factors propelling the growth of the EPS pre-expanders market is the expansion of the construction sector. The use of EPS pre-expanders in construction reduces the overall weight of buildings and improves energy efficiency. Additionally, with the increasing environmental concerns, there is a need for sustainable and eco-friendly construction practices which is expected to drive the demand for EPS pre-expanders during the forecast period. Furthermore, the rising demand for lightweight and energy-efficient vehicles is expected to fuel the growth of the EPS pre-expanders market during the forecast period.
EPS is a thin material with good insulating and cushioning qualities. It is widely utilized in the construction, automotive, and packaging industries, among others. Before being molded into goods, raw EPS beads are expanded using EPS pre-expanders. By minimizing material waste during the manufacturing process, these devices assist in lowering the cost of production.
One of the main benefits of EPS pre-expanders is that they are more flexible than conventional expanders, which makes them perfect for situations with limited space. EPS pre-expanders are more effective and economical since they require less energy than conventional expanders. The expanded material created by EPS pre-expanders has a more uniform density and shape, which improves manufacturing efficiency. Compared to conventional expanders, the expanded material created by EPS pre-expanders is less likely to result in harm.
Expanded Polystyrene (EPS) Pre-Expanders are devices made to increase the volume of EPS beads. They create EPS beads that are homogeneous in size and density, which is necessary for additional processing like molding. These pre-expanders provide humidity to the beads by using steam or hot air, which causes the beads to swell to their ideal size. By raising the bulk density of EPS beads, this procedure lowers the price of transporting and storing EPS goods.
The market for EPS Pre-Expanders is anticipated to reach USD 5.35 billion by 2031, expanding at a CAGR of 5.5% from 2021 to 2031.
One of the main things preventing the market for EPS pre-expanders from expanding is the high initial investment cost. Small and medium-sized businesses are less likely to implement EPS pre-expansion because of the high cost of the machinery and equipment needed. The market is expected to rise significantly over the course of the projection period, though, as more people become aware of the benefits of EPS pre-expanders.
Hennecke GmbH, Wuxi Jufeng Machinery Manufacturing Co., Ltd., Albert Handtmann Maschinenfabrik GmbH & Co. KG, Bergen International Limited, IMA Group SpA, and Linde AG are a few of the major players in the world market for EPS pre-expanders. Due to their significant global presence and substantial production capacities, these businesses are anticipated to have significant growth in this market.
The continuous pre-expanders type to generate maximum revenue
Due to its several advantages over batch pre-expanders, including quicker drying times and lower energy usage, the continuous pre-expanders market is anticipated to expand at a higher CAGR over the forecast period. As they can expand more EPS beads in less time, continuous pre-expanders are also more productive in terms of production capacity.
The packaging industry application to be most lucrative
The packaging industry, the building industry, the vehicle industry, and other industries use EPS Pre-Expanders. Due to the increasing need for environmentally friendly packaging solutions, the packaging industry is anticipated to represent the largest application area. Due to the demand for energy-efficient and lightweight building materials, the construction industry is also anticipated to expand significantly.
The Asia Pacific (APAC) region to render Adequate Financing Avenues
Africa, Asia Pacific, Europe, and the Middle East are among the major regional markets for EPS Pre-Expanders. The largest market is anticipated to be in the Asia Pacific region as a result of the expansion of the manufacturing sector in nations like China, India, and South Korea. Due to the existence of big manufacturers in both the North American and European regions, growth in these regions is also anticipated to be strong.
COVID-19 Impact and Market Status
The COVID-19 pandemic has had a drastic impact on the global EPS pre-expander market. The disruption in production activities, supply chain, and trade has resulted in massive losses for manufacturers of EPS pre-expanders.
Moreover, the decline in consumer demand due to the economic slowdown has further hurt the profitability of manufacturers. Furthermore, stringent regulations and stringent government policies are restraining the growth of the EPS pre-expander market. The demand for EPS pre-expanders has witnessed a significant decline due to the shutdown of production units, disruption in the supply chain, and shortage of raw materials during the pandemic. The manufacturers have faced difficulties in procuring components from different countries and experienced a decrease in new orders. However, the market is expected to revive in 2021 as the economic conditions are slowly improving and manufacturers are restarting their production activities. The increasing consumption of recycled EPS for manufacturing various products such as insulation panels, rigid foam boards, and other materials is projected to drive the growth of the EPS pre-expander market. To meet the rising demand for environmentally friendly packaging materials, producers are putting their efforts into creating innovative goods. Consequently, it is anticipated that the market for EPS pre-expanders would develop strongly between 2021 and 2031.
Latest Innovations in the Global EPS Pre-Expanders Market: A Snapshot
• At its facility in Kuantan, Malaysia, BASF SE has completed the expansion of its EPS production capacity. To make styrene beads, the company has extended the downstream facilities and added a new extruder. As a result, the business will be able to generate up to 50,000 metric tons of EPS annually.
• The Dow Chemical Company has finished enlarging its production facility in Freeport, Texas, in the United States. Two additional extruders with a combined capacity of 100,000 metric tons have been added by the company. This will enable the business to satisfy North America's rising EPS demand.
• Fibrex Insulation Group, a Belgian-based producer of insulation products, has been purchased by Armacell International S.A. The company will benefit from the acquisition in that it will broaden its line of products and solidify its position in the insulation industry.
EPS Pre-Expanders Market Scope
|Revenue forecast in 2031
|USD 5.35 billion
|CAGR of 5.5 % during 2021-2031
|by Type, By Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Hennecke GmbH, Wuxi Jufeng Machinery Manufacturing Co., Ltd., Albert Handtmann Maschinenfabrik GmbH & Co. KG, Bergen International Limited, IMA Group SpA, and Linde AG
Key Segments of the Global EPS Pre-Expanders Market
Type Overview, 2021-2031 (USD Billion)
- Batch Pre-Expanders
- Continuous Pre-Expanders
Application Overview, 2021-2031 (USD Billion)
- Packaging Industry
- Construction Industry
- Automobile Industry
Regional Overview, 2021-2031 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa
- South Africa