Overview of the GCC Expanded Polystyrene Industry:

The GCC Expanded Polystyrene market is projected to experience substantial growth between 2023 and 2028, driven by digital transformation, innovation in service delivery, and expanding demand. With a forecasted CAGR of 6.4% during the forecast period, i.e., 2023-28.

This report offers an in-depth analysis of the key drivers, challenges, competitive landscape, and future outlook — helping businesses, investors, and stakeholders make informed decisions.

Market Size & Forecast (2023–2028)

• Base Year: 2022
• Forecast Period: 2023-28
• Estimated CAGR (2023-28): 6.4%

Key Market Driver (What’s Driving GCC Expanded Polystyrene Sector Growth?)

Increasing Infrastructure Development in the Tourism Sector - GCC countries like the UAE, Qatar, & Saudi Arabia have recognized the potential of tourism for diversifying their economy, owing to which they have developed comprehensive tourism development strategies to attract more tourists. In line with this, several hotels, resorts, entertainment venues, etc., are being constructed across the region, i.e., pushing the demand for EPS for insulation in walls, roofs, & floors. Saudi Arabia aims to increase the tourism sector's contribution to the EPS demand to more than 10% and attract 100 million annual visits by 2030. Similarly, the UAE aims to welcome 40 million hotel guests by 2031, i.e., in line with the UAE Tourism Strategy 2031. Consequently, the region is witnessing an increasing number of hotel construction projects. As of 2023, there are 159,424 hotel rooms under contract for development, and Saudi Arabia is at the forefront of tourism development, with a pipeline of 100,071 hotel rooms. Hence, the rise in construction activities associated with the tourism sector is projected to drive the GCC Expanded Polystyrene Market during 2023-28.

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Top Companies in the GCC Expanded Polystyrene Market

Here’s a snapshot of key players leading innovation and market share:

• BASF
• TotalEnergies
• SABIC
• Ravago Manufacturing
• Styro
• Kuwait Styrene Company (TKSC)
• Kuwait Polymer
• STYROQ
• Al-Musaha Al-Mushtaraka Company
• Unitech Qatar

The market is highly fragmented, with a mix of and regional players competing for market share. To Learn More About the Trends Impacting the Future of Top 10 Companies in Premium GCC Expanded Polystyrene Market

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GCC Expanded Polystyrene Market Segmentation Analysis

-By Type

• White
• Grey & Silver
• Black

Of these three, white EPS holds a significant share of the GCC Expanded Polystyrene Market, backed by its ever-increasing use in various sectors across the region.

-By End-User

• Building & Construction
• Electrical & Electronics
• Packaging
• Others (Automotive, Healthcare, Agriculture, etc.)

Here, the building & construction sector holds a prominent market share owing to massive investments in various infrastructure development projects like transportation networks, smart cities, etc., by the UAE, Saudi Arabia, & Qatar.

-By Production Method

• In-Situ Suspension- Market Size & Forecast 2018-2028F, Thousand Tons
• Post-impregnation Suspension- Market Size & Forecast 2018-2028F, Thousand Tons

Geographical Analysis

-By Country

• The UAE
• Saudi Arabia
• Oman
• Kuwait
• Bahrain
• Qatar

Of all countries in the GCC region, the UAE has emerged as a key market for Expanded Polystyrene due to ever-increasing construction activities in the country.

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Methodology Behind the Report

This research combines qualitative and quantitative methods, including:

• Expert interviews
• Proprietary forecasting models
• Financial and trade databases
• Government and institutional data

Forecasts are validated using top-down and bottom-up approaches to ensure accuracy and reliability.

Frequently Asked Questions About the GCC Expanded Polystyrene Market

1. What is the growth rate of the GCC Expanded Polystyrene market from 2023–2028?
2. Which segment are expected to dominate market?
3. Who are the top companies and what strategies being they using?
4. What are the key risks and challenges in this industry?
5. How can businesses prepare for future trends?

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