Vertical: CNMBase Year: 2018
Market Size (2018)
$224.10M
Projected (2023)
$302.60M
CAGR (2015–2023)
5.8%
Key Players
10+
The global extruded polystyrene market is projected to register a CAGR of 4.71% during the forecast period (2019–2023). The global market, in terms of value, is expected to reach USD 3,624.6 million by the end of 2023. The prominent factor driving the growth of the global market is the rising demand for extruded polystyrene in commercial and residential construction activities across the globe. Extruded polystyrene (XPS) is widely used as a rigid foam in the construction industry in insulating applications. It finds application in slabs, floors, roofs, walls, decks, and balconies. It offers excellent flexibility, compatibility, thermal efficiency, lightweight, and high strength. With the growing construction activities in Asia-Pacific, especially commercial construction, owing to the growth of the industrial sectors such as information technology (IT); banking, financial services, and insurance (BFSI); and telecommunication, the demand for XPS is expected to grow at a significant rate. Moreover, increasing renovation activities in North America and Europe, and increased spending on construction of new residential building is further expected to boost demand for XPS and drive the global market growth in the years to follow.
Furthermore, with the growing concern regarding global warming and increasing need for sustainable solutions, green buildings have been gaining popularity all over the world. XPS is one of the most widely used insulation materials in the green buildings, owing to the materials ability to reduce greenhouse gas emissions and also the ability to reduce energy consumption to the extent of 6–8%. The rapidly growing construction of green buildings is expected to create immense growth opportunities for market players during the forecast period.
However, the high cost of extruded polystyrene as compared to its substitute, expanded polystyrene, is expected to be a key factor restraining the growth of the global market during the review period. Additionally, the fluctuations in crude oil prices are directly impacting the raw material prices for XPS, which is projected to be a major challenge for the manufacturers of XPS during the forecast period.
The market in Asia-Pacific held the largest share of 42.6% in 2018. The growth of the regional market is mainly attributed to the significant growth of the building and construction industry in the region. China is expected to be the leading market in the region in terms of consumption, owing to the high growth of the construction industry in the country as well as the need for sustainable energy solutions. The Asia-Pacific market is projected to register a CAGR of 5.95% to reach USD 1,639.6 million by the end of 2023. The market in the Middle East & Africa is projected to register the highest CAGR of 6.30% during the review period, on account of increasing investments in construction projects, particularly in Qatar, Saudi Arabia, and UAE.
The Extruded Polystyrene XPS Market market is projected to grow at a CAGR of 5.8% from 2015 to 2023.
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View Subscription PlansExtruded polystyrene (XPS) is a rigid foam made from the extrusion of polystyrene in the presence of foaming gas; it is used mainly as a thermal insulator. XPS hard foam is a closed-cell foam material that absorbs only minimum quantity of moisture. It is produced on extruding machines in the form of continuous foam billets. XPS foam offers superior properties such as assists in moisture management and resists both water absorption and freeze/thaw cycles.
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View Subscription PlansResearch Process
Wantstats research is conducted by industry experts who offer insight into industry structure, market segmentations, technology assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments & categories geographically presented are studied and are estimated based on primary & secondary research.
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Secondary Research
Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the global extruded polystyrene market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, & developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases and many others.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets of the global extruded polystyrene market. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market have been covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data. This data has been consolidated and added with detailed inputs and analysis from Wantstats and has been presented in this report.
Base Year
2018
Historical Period
2015 – 2017
Forecast Period
2019 – 2023
Primary Interviews
150+
Historical data (2015–2018) and forecast period (2018–2023)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global extruded polystyrene market is characterized by the presence of many global, regional, and local vendors. This is an emerging market, and all the players are involved in the development of best-in-class products to gain maximum market share. Intense competition, rapid advancement in technology, frequent changes in government policies, and environmental regulations are the key factors that confront market growth. The vendors compete based on cost, quality, and reliability. It is decisive for the vendors to provide cost-efficient and high-quality products to succeed in the competitive market environment.
The growth of market players is dependent on market conditions, government support, and developments in the industry. Thus, they should focus on expanding geographic presence and enhance product quality. Although international players are dominating the market, the regional and foreign players with small market shares also have a vital role to play. The international players are likely to expand their presence through acquisitions during the forecast period.
BASF SE, Kingspan Group, Owens Corning, EMIRATES EXTRUDED POLYSTYRENE L.L.C., Abriso nv, Ravago S.A., Soprema, URSA Insulation, S.A., and JACKON Insulation GmbH are some of the major shareholders of the global extruded polystyrene market. The market players are adopting various strategies such as product launches, business expansion, and acquisitions to outperform their competitors and serve the increasing demand for XPS in major end-user industries. For instance, in 2018, BASF developed the world's first particle foam based on polyethersulfone. The foam is characterized by its exclusive combination of properties such as high-temperature resistance, inherent flame retardancy, lightweight, and high strength and stiffness. It is particularly well suited for complex-shaped components of cars, aircraft, and trains, which require excellent mechanical properties together with the ability to withstand high operating temperatures.
Owens Corning has announced a plan to expand its RainBarrier continuous insulation product portfolio. The new products in the portfolio will offer high compressive strength.
Jun-19
Acquisition
Abriso completed the acquisition of Airpack, Jiffy, and TAP Telion companies across Europe. This combination with Abriso will create a strong base for future growth and benefit the customers, employees, and suppliers
May-19
Product Expansion
Ravago acquired seven insulation production lines from Dow Building Solutions and signed a license agreement to continue to use the FLOORMATE, XENERGY, and PERIMATE trademark names. The UK-based facility will be known as Ravago Building Solutions, the business will continue to thrive in the local market and enjoy the synergies and scale of a global group.
Sep-18
Product Expansion
BASF developed the world's first particle foam based on polyethersulfone. The foam is characterized by its exclusive combination of properties such as high-temperature resistance, inherent flame retardancy, lightweight, and high strength and stiffness. It is particularly well suited for complex-shaped components of cars, aircraft, and trains, which require excellent mechanical properties together with the ability to withstand high operating temperatures.
Jan-18
Product Expansion
Kingspan has introduced GreenGuard Type VII XPS Insulation Board for high loadbearing engineered applications requiring insulation with a minimum compressive strength of 60 PSI. The insulation board finds application in commercial roofing projects.
Overview
Michael Porter’s five forces model gives a framework that models the global extruded polystyrene market, which is influenced by five forces. The strategic business managers, trying to create an edge over competitive firms in the global extruded polystyrene market can utilize this model to better comprehend the industry connection in which the firm operates. The components of each of the forces and the degree or impact of each component in the context of the global extruded polystyrene market have been broken down and analyzed. Bargaining Power of Suppliers
The bargaining power of suppliers is expected to be low–moderate owing to the presence of a large number of suppliers in the global market. Moreover, the availability of close substitutes such as expanded polystyrene and polyurethane at a comparatively lower price is expected to further lower the bargaining power of suppliers. Further, the switching cost from one supplier to another is projected to be moderate. The bargaining power of the suppliers with renowned brand names is relatively higher than the local suppliers Bargaining Power of Buyers
The bargaining power of buyers is projected to be moderate to high as there are alternatives available for the buyers in the global market. The bargaining power of buyers is expected to increase owing to the presence of a large number of local as well as global suppliers that offer their products at a competitive price. Threat of New Entrants
The threat of new entrants is expected to be low to moderate in the global extruded polystyrene market. The production process is highly capital intensive and requires a high level of technical expertise, which is a factor that may restrain the entry of new participants. Furthermore, the market is highly competitive with the presence of several global and local players, which is expected to further reduce the threat of new entrants. Threat of Substitutes
The threat of substitutes in the extruded polystyrene market is projected to be moderate to high. Some of the close substitutes available include extended polystyrene, polyurethane, and glass wool. Besides, it contains toxic chemical compounds such as benzene and styrene, thus bio-based plastics such as wood fiber and rock wool are increasingly being preferred. Moreover, with technological advancements and increasing investments in R&D on material science for the development of novel products such as aerogel insulation materials with high thermal insulating properties, the threat of substitute is expected to increase in the global market during the forecast period Intensity of Rivalry
The global extruded polystyrene market is projected to witness a high threat of rivalry as all the tier-1 players operating in the market have an extended portfolio of various types of extruded polystyrene and are dedicated to offer high-quality products to the end-user industries. The rivalry among firms has increased as the companies are competing for the same customers and resources. Furthermore, certain prominent manufacturers have established brands in the market. The diverse operations and differing cost structures of large and small firms are also expected to increase internal rivalry in the global extruded polystyrene market. Moreover, companies such as BASF SE and JACKON Insulation GmbH are focusing on expanding their presence by opening new manufacturing bases in different locations to mitigate the threat of rivalry.
Market estimates by geography (2023)
InsightAsia Pacific leads with $1.64B by 2023, while Middle East and Africa is projected to grow fastest at a 5.8% CAGR.
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View Subscription Plans| REGION | 2015 | 2018 | 2023 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $192.80M | $237.00M | $302.60M | 5.8% | 8% |
| North America | $532.70M | $590.80M | $680.60M | 3.1% | 19% |
| Asia Pacific | $1.07B | $1.30B | $1.64B | 5.4% | 45% |
| Europe | $624.10M | $673.10M | $753.90M | 2.4% | 21% |
| South America | $189.30M | $212.50M | $247.80M | 3.4% | 7% |
| Total | $2.61B | $3.01B | $3.62B | 5.8% | 100% |
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View Subscription PlansTotal Market Size
$302.60M
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Residential Construction | $1.94B | 4.0% | 53% |
| Commercial Construction | $1.69B | 4.3% | 47% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Extruded Polystyrene XPS Market covering market dynamics, competitive landscape, and strategic outlook.
The Extruded Polystyrene XPS Market market is projected to reach $302.60M by 2023, growing at 5.8% CAGR. The Residential Construction segment holds the largest share.
The global extruded polystyrene market is projected to register a significant CAGR during the review period. The market is primarily driven by its use as an insulation material for building & construction industry. Increasing investment in commercial building & construction activities due to the high demand for office spaces, industries, and retails across the various sectors is projected to fuel the demand for XPS during the review period. High disposable income of the consumers as well as their changing lifestyle trend is projected to propel the demand for XPS in residential sector as well. However, high cost of XPS is a key factor restraining the market growth.
Extruded polystyrene (XPS) is widely used as a rigid foam in the construction industry in insulating applications. It finds application in slabs, floors, roofs, walls, decks, and balconies. It offers excellent flexibility, compatibility, thermal efficiency, lightweight, high strength, and available in a wide range of colors. XPS foam insulation is an excellent choice for insulation as it is energy efficient; its use helps to reduce energy consumption and costs. Additionally, it is moisture resistant, which reduces the need for replacement. According to American Chemistry Council, Inc, rigid foam building insulation materials help to save up to 40 BTUs of energy for every BTU of energy consumed to make the material and make the building up to 70 percent more energy efficient. Moreover, flame retardants are added while manufacturing foam insulation materials; their use helps to manufacture XPS foams that comply with the international fire safety codes and standards. XPS sheathing boards increase the R-value of the walls and are also used to cover wood studs and other un-insulated parts of the walls, e.g., frames, ducts, and wiring, which account for over 25% of a structure. XPS acts as an air barrier and reduces air infiltration, which are the leading causes of energy loss.
The increasing demand for commercial spaces, especially in developing countries of Asia-Pacific, due to the growth of service sectors such as information technology (IT); banking, financial services, and insurance (BFSI); and telecom is driving the growth of the commercial construction sector, which as a result is projected to drive the demand for extruded polystyrene.
According to the Committee for European Construction Equipment, the construction sector is among the largest economic sectors in Europe and employs 18 million people directly. The construction industry in Europe accounts for nearly 9% of the region’s GDP.
The increasing investments in infrastructure development to promote tourism have fueled the growth of the construction industry in the Middle East. The mega events such as Expo 2020 and FIFA World Cup 2022, UAE and Qatar are expected to increase the number of construction and renovation activities, thereby fueling the demand for extruded polystyrene. Dubai has allocated USD 7 billion for infrastructure development and construction for the World Expo 2020, while Qatar is spending in the country’s economic transformation program, National Vision 2030. Under the National Vision 2030, the government plans to invest some USD 16.4 billion in infrastructure and real estate projects over the next four years.
Thus, the growth of the construction industry across the globe is expected to boost the demand for the product and drive the growth of the global market during the forecast period.
Green buildings are designed to reduce the overall impact of the living and working environment on human health and nature. It can be achieved through efficiently using water, energy, and other resources and by reducing waste, pollution, and environmental degradation. With the advent of green technologies, the potential for saving energy through advancements in design can be achieved up to 40–50%. Building insulation plays a key role in reducing the energy consumption and impacts the overall energy efficiency and sustainability of buildings by improving the insulation of the building envelope, appliances, or other equipment. Insulation in buildings is gaining popularity, it has the potential to reduce energy consumption to the extent of 6–8%.
According to the US Department of Energy, the heating and cooling of buildings account for over 40% of the energy consumption in the US and generates over 35% of the country’s GHG emissions. Insulation reduces energy consumption in residential homes by around 50% and over 30% in commercial buildings. Adding insulation to new and existing buildings helps in energy savings and reducing GHG emissions. Various insulation materials can be used to reduce energy use in new buildings (near-zero-energy buildings) as well as in refurbishment (renovation) projects. The most commonly used insulation materials used include mineral (stone or glass) and plastic foams (polyurethane and polystyrene). Extruded polystyrene (XPS), a polystyrene plastic foam, is a type of insulation material that exhibits properties such as moisture resistance, high R-value, high structural strength, and low weight. It is extensively used as thermal insulation in residential, industrial, and commercial construction in wall and roof applications. As low to zero VOC emissions are achieved with the use of these products, the demand for extruded polystyrene in the sustainable constructions is expected to increase during the forecast period.
The increasing focus on green and low-carbon economy by the EU has increased the funding in research and development programs, e.g., Horizon 2020 Program. It is the EU’s most significant program with funding of Euro 80 million and is designed to focus on topics such as energy-efficiency; low-carbon technologies; and smart cities & communities. The research and development for these factors in Europe is projected to fuel the growth of the construction industry in the region.
The growing concern regarding global warming, increasing energy consumption, and stringent emission regulations across the globe are estimated to be the prime factors fueling the demand for green buildings. The rapidly growing construction sector in Asia-Pacific and increasing adoption of green buildings in the emerging economies, such as China, India, Singapore, South Korea, and Australia, are further expected to offer lucrative opportunities to the manufacturers of extruded polystyrene during the assessment period.
Extruded polystyrene is produced from polystyrene crystals, additives, and blowing agents. Polystyrene is a petroleum-based plastic product, which is also a cancer suspect agent. It contains toxic chemical compounds such as benzene and styrene. In the manufacturing process of extruded polystyrene, the plastic resin is first liquefied and then extruded through a die to form a closed-cell material, which uses trapped air as an insulating medium. Besides, the manufacturing process is energy intensive, which increases the cost of the final product. The cost of extruded polystyrene product is 10–30% higher than its substitute, i.e., expanded polystyrene. Expanded polystyrene offers better performance and is available at a lower cost. Expanded polystyrene offers a high rate of permeability and contains up to 15% of recycled material as well as it does not comprise hydrochlorofluorocarbons (HFCs), chlorofluorocarbons (CFCs), formaldehyde, or color dies, which makes it less toxic than extruded polystyrene.
Thus, the availability of low-cost substitute with better features is likely to restrain the growth of the global extruded polystyrene market during the review period.
Cost of plastic production is correlated to the crude oil price, which is a major determining factor for polymer raw materials prices. Extruded polystyrene, a thermoplastic polymer, is produced from styrene, which is derived from benzene and ethylene, both crude oil (petroleum) products. However, crude oil prices are constantly fluctuating since the last five years. According to Crude Oil Investing, there have been large swings in crude oil prices from USD 140 per barrel in 2008 to as low as USD 34.74 per barrel in 2016.
During 2014–2015, the crude oil prices witnessed an approximate 65% decline due to sluggish global demand. In 2016, the Organization of the Petroleum Exporting Countries (OPEC) and its allies decided to reduce crude oil production, which resulted in a continuous rise in the prices. In the above figure, the crude oil prices since 2014 can be observed. Crude oil prices were always more than USD 100 per barrel prior to 2015. In 2015, the price declined by 51% and reached USD 52.09 per barrel. The price did not cross USD 100 per barrel since 2015.
With the oversupply of crude oil, there was a sudden drop in the price due to less demand. The fall in demand was observed mainly from the US, China, and other European countries. The other factor that led to a fall in crude oil prices was the pricing from the Organization of Petroleum Exporting Countries (OPEC). The oil price is decided based on different factors such as the economic growth of countries, weather conditions, demand and supply analytics, and the presence of alternative energy resources.
Thus, fluctuating crude oil prices have affected the production of petrochemicals and consequently, polymer production. The high cost of polymers is thus indirectly affecting plastic production. Hence, the fluctuating crude oil prices are estimated to be the major challenge for the players operating in the global extruded polystyrene market.
GLOBAL Extruded Polystyrene Market PRICE ANALYSIS, BY Region 2017-2023
Pricing Analysis
Asia-Pacific
Europe
North America
Middle East and Africa
Latin America
Global Average
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Profiles of 109 companies operating in the Extruded Polystyrene XPS Market market, including revenue, employee count, and market positioning where available.
Showing 109 of 109 companies
Company Headquarters: Ireland Founded: 1966 Workforce: ~13,500 Company Working: Kingspan Group is one of the leading providers of sustainable building solutions across the world. It is engaged in manufacturing insulation and building envelopes. The group offers customers a range of products, including rigid insulation boards, insulated roofs, walls, facade systems, insulated panels, access floors, steel frames, and timber frame off-site solutions. It operates through five product segments, namely, insulated panels, access floor, environmental, insulation boards, and light and air. Its insulating panels segment comprises a range of roof and wall panel systems. The group sells mineral wool steel sandwich panel products through this segment. Its products have applications in the commercial & industrial, residential, and office & data sectors. It also offers zero and low carbon solutions to the private and public sectors. Kingspan Group operates through two end use categories, namely, new build and refurbishment. It has completed several projects to improve the energy-efficiency in several manufacturing sites. The group has 129 manufacturing facilities across Europe, Asia-Pacific, and the Americas and a presence in more than 70 countries worldwide.
BASF is the world's largest chemical company by sales, built on the Verbund principle of physically and energetically integrated production sites that turn a handful of feedstocks into thousands of products. Since September 2024 it has run under the "Winning Ways" strategy, which splits the portfolio into four core segments (Chemicals, Materials, Industrial Solutions, Nutrition & Care) that stay integrated, and standalone businesses (Agricultural Solutions, Battery Materials, Environmental Catalyst and Metal Solutions, and the now-divested Coatings) that are being monetized or prepared for capital-market options. In 2025 it generated €59.7 billion in sales and €6.6 billion in EBITDA before special items, a cyclical trough. In 2026 it closed the €7.7 billion Coatings transaction, started up its €-multi-billion Zhanjiang Verbund site, raised earnings guidance, and approached Evonik about a takeover. The investment debate is whether structural cost cuts and portfolio proceeds can restore returns above the cost of capital. --- **The company's own description.** BASF describes its purpose with the line "we create chemistry for a sustainable future" (BASF news release boilerplate, 2026) and states its ambition to be the preferred chemical company for enabling customers' green transformation. It reports around 108,000 employees, customers in nearly every sector and almost every country, and sales of around €60 billion in 2025. The portfolio is described as four core segments plus standalone businesses bundled in Surface Technologies and Agricultural Solutions. **Independent characterization.** BASF is best understood as three businesses under one roof: 1. **An integrated commodity and intermediates engine** (Chemicals, the Monomers half of Materials). This is a steam-cracker-to-derivatives chain selling ethylene and propylene derivatives, isocyanates, polyamide precursors and intermediates on spread economics. Earnings are driven by feedstock and energy costs, operating rates and regional supply-demand. It is the most capital-intensive part of the group and the main source of the 2023–2025 earnings decline: Chemicals EBITDA before special items fell from €1,342 million in 2024 to €853 million in 2025 (Factsheet FY2025). 2. **Formulated and performance products** (Performance Materials, Industrial Solutions, Nutrition & Care). These sell on specification and performance to automotive, construction, packaging, consumer goods, pharma and nutrition customers. Margins are steadier but have come under pressure from Asian competition and, in Care Chemicals, from consumer trading-down to private-label products (Factsheet FY2025 commentary). 3. **Standalone franchises** with different industry logic: Agricultural Solutions (crop protection, seeds and traits, digital farming), ECMS (emissions catalysts plus precious-metal trading and recycling) and Battery Materials. Agricultural Solutions is the group's highest-margin segment at 21.7% EBITDA margin before special items in FY2025 and the largest single earnings contributor at €2,081 million. **Revenue model.** Revenue is almost entirely product sales under supply contracts and spot transactions. There is no subscription model of consequence; digital farming (xarvio) and licensing of process technology and catalysts are small. Seeds and traits include royalty and licensing income within Agricultural Solutions, not separately disclosed. Precious-metal trading inflates ECMS sales (€7,978 million in FY2025) with pass-through metal value, which is why BASF quotes group margins both including and excluding metals (12.3% excluding metals in FY2025 per the CFO on the February 27, 2026 call, versus 11.0% reported). **Value chain position.** Upstream to midstream in petrochemicals with captive crackers at Ludwigshafen, Antwerp, Port Arthur (joint venture with TotalEnergies), Nanjing (joint venture with Sinopec) and Zhanjiang; midstream to downstream in engineering plastics, polyurethane systems, dispersions, additives, surfactants and vitamins; branded and channel-driven in agriculture. BASF exited upstream oil and gas operations when Wintershall Dea's E&P business was transferred to Harbour Energy in September 2024. **Customers and end-markets.** BASF serves industrial customers in chemicals and plastics, transportation, construction, consumer goods, agriculture, electronics, energy and resources, and health and nutrition. Intersegment transfers are large (Chemicals transferred €3,432 million internally in FY2025 on €10,055 million of third-party sales), which shows how much of the upstream output feeds BASF's own downstream chains.
Company Headquarters: Waldegg, Lower Austria Founded: 1953 Workforce: 51–200 Company Working: Austrotherm operates as a part of Schmid-Industrie-Holding and specializes in the manufacturing of thermal and sound insulation products. It is a well-known manufacturer of EPS and XPS insulating materials, Resol rigid foam insulation materials, facade profiles and sanitary interior fitting products (building boards). It has 18 production sites in 10 countries including Germany, Russia, Hungary, Croatia, Poland, Romania, and Serbia.
Company Headquarters: Strasbourg, France Founded: 1908 Workforce: ~201–500 Company Working: Soprema Inc (Soprema) provides a wide range of waterproofing, wall protection, commercial roofing, and civil engineering solutions by merging superior products and systems with years of proven performance. Their solutions include industry-leading SBS-modified bitumen membranes, polymeric PMMA/PMA liquid applied membranes and single synthetic ply PVC membranes. By becoming the world leader in waterproofing solutions, the group is today a key player in the construction sector. The company marks presence across the globe with 63 manufacturing plants, 90 subsidiaries, and more than 4,000 distributors.
Company Headquarters: Arendonk, Belgium Founded: 1961 Workforce: ~1,001–5,000 Company Working: Ravago is a leading global manufacturer and distributor of plastics, rubber, and chemicals. As an international company, it has more than 200 subsidiaries located in about 50 countries and supplies over 4 million metric tons of polymers to more than 40,000 active buying customers. The major activities of the company are distribution, resale, and recycling & compounding.
Company Headquarters: Anzegem, Belgium Founded: 1985 Workforce: ~ 201-500 Company Working: Abriso nv (Abriso) produces PE foam, air bubble film, and extruded polystyrene products for the packaging and construction industries in Europe. Abriso has production units in Belgium, France, Slovakia, Poland, Romania, Ukraine, and Hungary. It offers protective packaging solutions, including air cushion films with bubbles, laminated polyethylene foams, air cushion films that are laminated with polyethylene foam, and others.
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Historical performance and future projections (2020–2030, USD Billion)
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