The India Polystyrene & Expandable Polystyrene Market was valued at USD 1.44 Billion in 2024 and is projected to reach USD 1.79 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period (2024–2030). This growth is fueled by increasing demand from packaging, construction, and consumer goods sectors, along with technological advancements in material science and sustainability initiatives.

As India’s infrastructure development accelerates and urban consumption patterns evolve, polystyrene products have become essential for thermal insulation, protective packaging, and disposable consumer items. Our analysis highlights the Top 10 Companies in India’s Polystyrene & Expandable Polystyrene Market—showcasing a mix of domestic manufacturers and global chemical leaders who are redefining material solutions.

---

🔟 1. Reliance Industries Limited

Headquarters: Mumbai, Maharashtra, India
Key Offering: General Purpose Polystyrene (GPPS), High Impact Polystyrene (HIPS)

As India’s largest polystyrene producer, Reliance operates integrated petrochemical facilities delivering high-quality polymers. The company serves diverse industries through its nationwide distribution network and continuous R&D investments.

Key Strengths:

• Full backward integration from crude oil to polymer production

• Dedicated research centers for polymer innovation

• Strong domestic market penetration

Download FREE Sample Report: India Polystyrene & Expandable Polystyrene Market – View in Detailed Research Report

---

9️⃣ 2. Ineos Styrolution India

Headquarters: Vadodara, Gujarat, India
Key Offering: Specialty Polystyrene, ABS Compounds

The Indian subsidiary of global leader Ineos Styrolution provides advanced polymer solutions to automotive and electronics industries, combining global expertise with local manufacturing capabilities.

Key Strengths:

• Focus on engineered specialty polymers

• Closed-loop recycling initiatives

---

8️⃣ 3. LG Chem India

Headquarters: Gurugram, Haryana, India
Key Offering: Expandable Polystyrene (EPS)

LG Chem brings its global EPS technology to India, offering high-performance insulation materials for construction and packaging applications through local manufacturing and technical support.

Key Strengths:

• Premium flame-retardant EPS grades

• Strong architectural insulation solutions

---

7️⃣ 4. Supreme Industries Limited

Headquarters: Mumbai, Maharashtra, India
Key Offering: EPS Building Materials, Industrial Packaging

As one of India’s largest plastic processors, Supreme Industries converts raw polystyrene into value-added products for construction and protective packaging markets.

Key Strengths:

• Pan-India manufacturing network

• Custom product development capabilities

Download FREE Sample Report: India Polystyrene & Expandable Polystyrene Market – View in Detailed Research Report

---

6️⃣ 5. BASF India

Headquarters: Mumbai, Maharashtra, India
Key Offering: Neopor® (Graphite-Enhanced EPS)

BASF introduces its global insulation expertise to the Indian market through high-performance EPS products with superior thermal properties for energy-efficient construction.

Key Strengths:

• 30% better insulation than standard EPS

• Circular economy solutions

---

5️⃣ 6. Kaneka India

Headquarters: Ahmedabad, Gujarat, India
Key Offering: High-Performance EPS

The Indian arm of Japan’s Kaneka Corporation specializes in cold chain packaging EPS and premium insulation materials, blending Japanese precision with local market understanding.

Key Strengths:

• Medical-grade packaging solutions

• Advanced bead technology

---

4️⃣ 7. Bechtel Corporation

Headquarters: Pune, Maharashtra, India
Key Offering: Custom EPS Molding

Bechtel serves as a leading EPS converter in western India, creating precision protective packaging for electronics, appliances, and industrial applications.

Key Strengths:

• State-of-the-art molding technology

• Regional market expertise

---

3️⃣ 8. Thermopack

Headquarters: Kolkata, West Bengal, India
Key Offering: Protective Packaging Solutions

Thermopack specializes in EPS packaging for fragile and temperature-sensitive goods, serving eastern India’s growing manufacturing and logistics sectors.

Key Strengths:

• Impact-resistant packaging designs

• Cold chain solutions

---

2️⃣ 9. Sunita Plastics

Headquarters: Faridabad, Haryana, India
Key Offering: Recycled EPS Products

Sunita Plastics leads North India’s sustainable polystyrene movement with recycled content products and circular economy solutions for cost-conscious buyers.

Key Strengths:

• Closed-loop EPS recycling

• Affordable sustainable alternatives

---

1️⃣ 10. Loyal Super Pack

Headquarters: Bengaluru, Karnataka, India
Key Offering: Protective Packaging, Construction EPS

Southern India’s leading EPS processor, Loyal Super Pack provides specialized packaging solutions for automotive, medical, and electronics industries while serving construction insulation needs.

Key Strengths:

• Technical packaging expertise

• Regional logistics advantage

Get Full Report Here: India Polystyrene & Expandable Polystyrene Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Polystyrene in India is Sustainable and High-Performance

India’s polystyrene industry is transforming to meet sustainability challenges while capitalizing on growing applications in energy-efficient construction and e-commerce packaging.

📈 Key Market Trends:

• Regulatory push for extended producer responsibility (EPR) frameworks

• Development of bio-based polystyrene alternatives

• Advanced flame-retardant formulations for construction

• Customized protective packaging for e-commerce growth

Get Full Report Here: India Polystyrene & Expandable Polystyrene Market – View in Detailed Research Report

The profiled companies demonstrate how material innovation and sustainability initiatives are reshaping India’s polystyrene sector for long-term growth.