Airlite Plastics acquired KodiaKooler last year in order to expand its growth in temperature-sensitive products and considers this unification to be the next phase of its cold chain division.

GlobalData’s latest report on the global expandable polystyrene industry predicts its capacity is poised for moderate growth over the next five years.

The report, entitled ‘Global Expandable Polystyrene (EPS) Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ says the sector will increase from 10.29 mtpa in 2018 to 10.64 mtpa in 2023, representing 3.4 per cent total growth.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Around five planned and announced plants are slated to come online in Asia and the Middle East.

Among regions, Asia leads with the largest capacity additions for both upcoming plants and for the expansion of existing EPS plants by 2023. For the expansion of existing EPS plants, the region is expected to add a capacity of 0.18 mtpa from two announced plants.

Capacity additions: India & Iran

India is forecast to lead capacity additions, with a capacity of 0.18 mtpa from two expansion plants. The capacity addition will be from announced plants, Supreme Petrochem Nagothane Expandable Polystyrene (EPS) Plant 2 and LG Polymers India Visakhapatnam Expandable Polystyrene (EPS) Plant, contributing the capacity of 0.15 mtpa and 0.03 mtpa, respectively.

The capacity details of the planned plant in China, ‘Ningxia Baofeng Energy Group Yinchuan Expandable Polystyrene (EPS) Plant’ is not available.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Iran is expected to contribute about 0.17 mtpa from two planned plants. The capacity contribution for Iran will be from the planned plants, Dalahoo Kimiya Industry Company Assaluyeh Expanded Polystyrene Plant and Petro Ramsheh Esfahan Expanded Polystyrene Plant, with the capacity of 0.12 mtpa and 0.05 mtpa, respectively.

Global planned and announced capacity additions by country (mtpa), 2023

Source: Petrochemicals Analytics, GlobalData Oil and Gas ©GlobalData

Supreme Petrochem Ltd, Kimiya Sanaye Dalahoo Co, Petro Ramsheh Co and LG Chem Ltd are the four companies together accounting for the planned and announced capacity additions of 0.35 mtpa by 2023.