Bio-lubricants Market End-use Industry, By Others
Global Extruded Polystyrene (XPS) market [2015-2023] by Asia Pacific
By Asia Pacific, the market is segmented into Asia Pacific, China, India, Japan, Rest of Asia Pacific, Australia and New Zealand, and Asean (2015-2023)
| Label | Asia Pacific | China | India | Japan | Rest of Asia Pacific | Australia and New Zealand | Asean |
|---|---|---|---|---|---|---|---|
| 2015 | 1072.8 USD Mn | 551.9 USD Mn | 59.0 USD Mn | 71.5 USD Mn | 229.1 USD Mn | 43.0 USD Mn | 118.4 USD Mn |
| 2016 | 1121.1 USD Mn | 583.0 USD Mn | 61.7 USD Mn | 72.9 USD Mn | 237.7 USD Mn | 43.7 USD Mn | 122.2 USD Mn |
| 2017 | 1177.9 USD Mn | 619.0 USD Mn | 64.8 USD Mn | 74.7 USD Mn | 247.9 USD Mn | 44.7 USD Mn | 126.8 USD Mn |
| 2018 | 1234.7 USD Mn | 655.5 USD Mn | 67.9 USD Mn | 76.4 USD Mn | 258.0 USD Mn | 45.6 USD Mn | 131.2 USD Mn |
| 2019 | 1301.3 USD Mn | 697.8 USD Mn | 71.6 USD Mn | 78.6 USD Mn | 270.0 USD Mn | 46.8 USD Mn | 136.6 USD Mn |
| 2020 | 1374.0 USD Mn | 743.9 USD Mn | 75.6 USD Mn | 81.0 USD Mn | 283.0 USD Mn | 48.2 USD Mn | 142.4 USD Mn |
| 2021 | 1457.2 USD Mn | 796.4 USD Mn | 80.2 USD Mn | 83.8 USD Mn | 297.9 USD Mn | 49.7 USD Mn | 149.1 USD Mn |
| 2022 | 1545.6 USD Mn | 852.5 USD Mn | 85.1 USD Mn | 86.7 USD Mn | 313.7 USD Mn | 51.3 USD Mn | 156.2 USD Mn |
| 2023 | 1639.6 USD Mn | 912.5 USD Mn | 90.3 USD Mn | 89.8 USD Mn | 330.4 USD Mn | 53.0 USD Mn | 163.6 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2018 in the Asia Pacific extruded polystyrene (xps) market, and is expected to reach USD 912.50 Million in 2023 from USD 655.50 Million in 2018.This market is projected to grow at a CAGR of 6.94% during the forecast period from 2019 - 2023. commercial construction segment accounted for the larger market share in 2018, this market is expected to reach USD 996.30 Million in 2023 from USD 763.80 Million in 2018. This market is projected to grow at a CAGR of 5.57% during the forecast period from 2019 - 2023. However, residential construction segment is the fastest growing market, which is expected to grow at a CAGR of 6.55% during the forecast period 2019 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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