GCC Expanded Polystyrene Market Value & Industry Overview

Executive Summery

This report presents a detailed overview of the GCC Expanded Polystyrene Market, highlighting key insights into its market size, share, and growth during the forecast period, i.e., 2023-28. It explores emerging trends, competitive dynamics, and the core drivers reshaping the industry. Backed by solid data and expert analysis, the study offers segment-wise insights and reliable forecasts to guide strategic decisions. With comprehensive market analysis and forward-looking perspectives, this report serves as a practical tool for stakeholders navigating change. Whether you're an investor, policymaker, or business leader, this research helps you stay ahead in the fast-evolving GCC Expanded Polystyrene industry landscape.

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GCC Expanded Polystyrene Market Statistics and Key Highlights

The GCC Expanded Polystyrene Market is projected to grow at a CAGR of around 6.4% during the forecast period, i.e., 2023-28.

GCC Expanded Polystyrene market shows steady growth
Market size expanding due to rising industry demand
Competitive landscape driven by tech and innovation
Detailed segment-wise and geography wise share analysis
Forecast reveals strong trends shaping future outlook

Key Player- Emerging GCC Expanded Polystyrene Companies

BASF
TotalEnergies
SABIC
Ravago Manufacturing
Styro
Kuwait Styrene Company (TKSC)
Kuwait Polymer
STYROQ
Al-Musaha Al-Mushtaraka Company
Unitech Qatar

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Key Driver:

Increasing Infrastructure Development in the Tourism Sector - GCC countries like the UAE, Qatar, & Saudi Arabia have recognized the potential of tourism for diversifying their economy, owing to which they have developed comprehensive tourism development strategies to attract more tourists. In line with this, several hotels, resorts, entertainment venues, etc., are being constructed across the region, i.e., pushing the demand for EPS for insulation in walls, roofs, & floors. Saudi Arabia aims to increase the tourism sector's contribution to the EPS demand to more than 10% and attract 100 million annual visits by 2030. Similarly, the UAE aims to welcome 40 million hotel guests by 2031, i.e., in line with the UAE Tourism Strategy 2031. Consequently, the region is witnessing an increasing number of hotel construction projects. As of 2023, there are 159,424 hotel rooms under contract for development, and Saudi Arabia is at the forefront of tourism development, with a pipeline of 100,071 hotel rooms. Hence, the rise in construction activities associated with the tourism sector is projected to drive the GCC Expanded Polystyrene Market during 2023-28.

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GCC Expanded Polystyrene Market Segmentation

By Type

White - Market Size & Forecast 2018-2028F, Thousand Tons
Grey & Silver- Market Size & Forecast 2018-2028F, Thousand Tons
Black- Market Size & Forecast 2018-2028F, Thousand Tons

Of these three, white EPS holds a significant share of the GCC Expanded Polystyrene Market, backed by its ever-increasing use in various sectors across the region.

By Production Method

In-Situ Suspension- Market Size & Forecast 2018-2028F, Thousand Tons
Post-impregnation Suspension- Market Size & Forecast 2018-2028F, Thousand Tons

By End User

Building & Construction- Market Size & Forecast 2018-2028F, Thousand Tons
Electrical and Electronics- Market Size & Forecast 2018-2028F, Thousand Tons
Packaging- Market Size & Forecast 2018-2028F, Thousand Tons
Automotive- Market Size & Forecast 2018-2028F, Thousand Tons
Others (Automotive, Healthcare, Agriculture, etc.)- Market Size & Forecast 2018-2028F, Thousand Tons

By Country

The UAE
Saudi Arabia
Oman
Kuwait
Bahrain
Qatar

Of all countries in the GCC region, the UAE has emerged as a key market for Expanded Polystyrene due to ever-increasing construction activities in the country.

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