Ceresana Announces New Study on EPS: Ascent of a Climate Protector
Roughly two-thirds of EPS demand is accounted for by blocks and panels in the construction industry, the largest application area. The construction industry's importance will continue to grow: many governments, particularly in Europe, are promoting measures to increase energy efficiency. Therefore Ceresana Research expects to see continued growth in EPS consumption starting in 2010, despite declining building sectors in many locations. After worldwide EPS revenue had increased at an average rate of 7.3% per year between 2000 and 2008, it fell to approximately 4.3 billion € in 2009. “Due to substantial price decreases, revenue fell by up to a third in some world regions“, says Oliver Kutsch, owner of Ceresana Research. “However, prices are already starting to rise again. We expect market value will reach the level from 2008 again in 2012.“
Aside from heat insulation, used for example in boilers and entire tanker ships, EPS is primarily applied where shock absorbance and sound insulation is required. The small foam pellets can be found in products, such as protective helmets for cyclists, electronics packaging and sound baffles. Since the material is harmless, it is also used for disposable cups and other food containers. EPS is very buoyant because it consists of up to 98 percent air, and is used for lightweight cores in surfboards, life jackets, and life-savers. Simple and almost arbitrarily moldable EPS is utilized in the production of architectural models, as well as theater backdrops and decorations. Lesser known technical applications of EPS include for example, void formers for iron or aluminum parts in motors.
EPS production is particularly dynamic in Eastern Europe and the Asian Pacific. Ceresana Research expects to see growth there until 2016, in the amount of 7.1 and 5.9 percent per year, respectively. China alone, which is already the world's largest EPS manufacturer, should see capacities increase by more than 750,000 tons, while East European countries should see a growth of just less than 350,000 tons. In contrast, EPS production in Japan and South Korea will most likely fall.
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