Thailand Extruded Polystyrene Market (2023-2028)

RESEARCH METHODOLOGY

The study involved four major activities in estimating the market size for the extruded polystyrene market. Intensive secondary research was done to gather information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Primary Research

The extruded polystyrene market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by key opinion leaders in various applications for the extruded polystyrene market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown of Primary Participants

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the extruded polystyrene market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• The key players in the industry have been identified through extensive secondary research.
• The supply chain of the industry has been determined through primary and secondary research.
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
• All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Extruded polystyrene Market: Bottom-Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Extruded polystyrene Market: Top-Down Approach

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into respective segments and subsegments. To realize the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides in the extruded polystyrene industry.

Market Definition

Extruded polystyrene (XPS) is an extremely effective and adaptable insulation material used extensively in the construction industry. They find application across diverse sectors such as residential, commercial, and others. It has outstanding thermal properties, moisture resistance, and durability. It contributes to overall building sustainability, improves energy efficiency, and provides moisture protection for floors, walls, foundations, and other structures.

The building industry's emphasis on sustainable and energy-efficient building methods, along with the necessity for long-lasting and dependable insulating solutions, are the main factors driving the market for extruded polystyrene.

Key Stakeholders

• Extruded polystyrene manufacturers
• Raw material manufacturers
• Government planning commissions and research organizations
• Industry associations
• End-use industries
• R&D institutions

Report Objectives

• To analyze and forecast the size of the extruded polystyrene market in terms of value and volume
• To provide detailed information regarding key factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the market
• To define, describe, and segment the extruded polystyrene market based on application and end-use industry.
• To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and the Middle East & Africa
• To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contributions to the overall market
• To identify and analyze opportunities for stakeholders in the market
• To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

• Further breakdown of a region with respect to a particular country or additional end-use industry or type

Company Information

• Detailed analysis and profiles of additional market players (up to five)