The Global Expanded Polystyrene (EPS) Foam Market was valued at USD 16.8 Billion in 2022 and is projected to reach USD 20.69 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period (2024–2029). This steady growth is driven by increasing demand for energy-efficient insulation materials and sustainable packaging solutions across construction, logistics, and consumer goods industries.

As environmental regulations become more stringent and circular economy principles gain traction, EPS manufacturers are innovating with recycled content and advanced material technologies. In this analysis, we examine the Top 10 Companies in the Expanded Polystyrene Foam Industry—market leaders who are redefining thermal insulation and protective packaging solutions worldwide.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Styropor® EPS Foam Solutions

BASF’s Styropor® brand leads the global EPS market with applications spanning construction insulation, automotive components, and advanced packaging systems. The company operates 15 EPS production facilities across Europe, Asia, and the Americas.

Sustainability Initiatives:

• Chemical recycling technology for EPS waste processing
• Reduced CO2 emissions by 25% in production since 2018
• 100% recyclable insulation solutions for net-zero buildings

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Expanded Polystyrene (EPS) Foam Market – View in Detailed Research Report

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9️⃣ 2. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: STYROFOAM™ Brand EPS

Dow’s STYROFOAM™ products dominate the North American insulation market, with specialized formulations for below-grade foundation insulation, roofing systems, and industrial cold chain packaging.

Sustainability Initiatives:

• Partnership with recyclePS™ for nationwide EPS collection
• Foam recycling program recovers 20K+ tons annually
• Development of plant-based polystyrene alternatives

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8️⃣ 3. Knauf Industries

Headquarters: Visé, Belgium
Key Offering: Knauf EPS Insulation & Packaging

Knauf operates Europe’s most advanced EPS production network, supplying high-performance insulation boards and customized protective packaging for fragile goods.

Sustainability Initiatives:

• Eco-conceived packaging with 30-100% recycled content
• European leader in EPS foam recycling infrastructure
• ISO 14001 certified sustainable manufacturing

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7️⃣ 4. INEOS Styrolution

Headquarters: Frankfurt, Germany
Key Offering: Styropor® EPS (licensed from BASF)

As the world’s largest styrenics producer, INEOS supplies EPS raw materials globally and develops specialized foam solutions for medical packaging and appliance insulation.

Sustainability Initiatives:

• Invested €30M in advanced recycling R&D
• Reduced water usage in production by 40% since 2015
• Polystyrene circular economy roadmap to 2030

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Expanded Polystyrene (EPS) Foam Market – View in Detailed Research Report

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6️⃣ 5. TotalEnergies

Headquarters: Paris, France
Key Offering: EPS FOAM Raw Materials

TotalEnergies supplies polystyrene resins to foam manufacturers globally, with a focus on high-performance grades for insulation and food contact packaging.

Sustainability Initiatives:

• Commercialized recycled-content polystyrene resins
• Biomass-balanced polymers using renewable feedstocks
• Part of the PolyStyreneLoop recycling initiative

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5️⃣ 6. Nova Chemicals Corporation

Headquarters: Calgary, Canada
Key Offering: EPS Foam Materials

Nova Chemicals is North America’s leading EPS supplier, with proprietary technologies for lightweight packaging and high-R-value insulation products.

Sustainability Initiatives:

• Advanced foam densification for improved recyclability
• 55% reduction in greenhouse gas intensity since 2005
• Mechanical and chemical recycling partnerships

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4️⃣ 7. Synthos S.A.

Headquarters: Oświęcim, Poland
Key Offering: Arpex® EPS Foam Products

Synthos dominates Central European EPS markets with innovative solutions for construction insulation and high-value industrial packaging applications.

Sustainability Initiatives:

• Zero-waste EPS production by 2030 commitment
• 98% production efficiency through closed-loop systems
• Polystyrene recycling consortia membership

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3️⃣ 8. Kaneka Corporation

Headquarters: Osaka, Japan
Key Offering: Modified Polystyrene Foams

Kaneka specializes in high-performance EPS variants with enhanced thermal resistance and compressive strength for demanding applications in Asia-Pacific markets.

Sustainability Initiatives:

• Flame-retardant EPS without halogen additives
• 30% reduced energy consumption in foam production
• Participation in Japan’s EPS Recycling Promotion Council

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2️⃣ 9. Alpek S.A.B. de C.V.

Headquarters: San Pedro Garza García, Mexico
Key Offering: EPS for Latin America

Alpek is the leading EPS provider in Latin America, manufacturing cost-effective insulation and packaging solutions tailored to regional climate conditions.

Sustainability Initiatives:

• 30% post-industrial recycled content in select products
• ISO 9001 and 14001 certified plants
• EPS education programs for circular economy adoption

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1️⃣ 10. SIBUR Holding

Headquarters: Moscow, Russia
Key Offering: EPS for CIS Markets

SIBUR supplies tailored EPS solutions for harsh climate insulation across Russia and neighboring countries, with specialized formulations for extreme temperature ranges.

Sustainability Initiatives:

• Modernization reducing VOC emissions by 65%
• Partnerships with Russian recyclers
• Energy-efficient production technologies

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Expanded Polystyrene (EPS) Foam Market – View in Detailed Research Report

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🌍 Outlook: The Future of EPS Foam in a Circular Economy

The EPS industry stands at an inflection point, balancing traditional material advantages against growing sustainability demands. Market leaders are investing heavily in recycling infrastructure and alternative chemistries to maintain EPS’s position in key applications.

📈 Market-Shaping Trends:

• Global construction insulation market projected to reach $40B by 2027, driving EPS demand
• E-commerce packaging growth fueling protective foam needs (+12% annual growth)
• EU Circular Economy Action Plan accelerating recycling mandates
• Advanced foam grades enabling 40% material reduction in packaging

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Expanded Polystyrene (EPS) Foam Market – View in Detailed Research Report

The profiled companies demonstrate how material innovation and circular economy strategies are transforming EPS from a commodity plastic to a sustainable solution for 21st-century challenges.