A Global Increase in Demand for PS/EPS Market and EPS Recycling
According to the latest report released by Transparency Market Research, in 2013, the global market capitalization of PS/EPS is $ 30.66 billion, and it is expected to increase to $ 42.11 billion in 2020. During the period from 2014 to 2020, the annual growth rate of this figure will reach 4.7%.
In terms of applications, the packaging industry in 2013 was the largest end market of PS/EPS. The rise of the BRICs’ packaging industry and FDA’s approval of PS/EPS material in packaging applications, have greatly promoted the packaging industry’s market demand for this kind of plastic material.
As the second largest application market of PS/EPS, the electrical and electronic fields’ demand for PS/EPS in the next six years will increase at the compound annual growth rate of 4.5%. In addition, PS/EPS materials are widely used in the field of plastic containers, plastic foam tableware, flooring and insulation products.
In terms of regions, China is the world's largest PS/EPS market in 2013. Due to the rapid development of packaging and electronics industry, China's demand for PS/EPS accounted for 37.1% of the total global demand for that in 2013.
Overall, the Asia-Pacific area is expected to become the fastest growing region of PS/EPS demand in the next few years. The demand for insulation products in Europe has also been increased, which further enhanced the market position of PS/EPS materials in this region.
However, PS/EPS products would become waste plastic after using, which would cause white pollution, so an industry of EPS recycling has been formed.
Since EPS has a small density and light in weight, it need to be compressed by professional EPS Compactor or hot-melted by EPS Hot Melt Densifier, like the GreenMax series.
EPS Hot Melt Densifier
As the demand of PS/EPS is increasing globally, the EPS recycling industry will also have a great opportunity to expand.