In 2023, the sold production of expansible polystyrene in primary forms in the UK stood at approximately 20.1 million kilograms. The forecast for the period from 2024 to 2028 shows a steady year-on-year growth, starting at 20.893 million kilograms in 2024 and reaching 24.132 million kilograms by 2028. This indicates an average compound annual growth rate (CAGR) of around 3.5% for the forecast period.
Future trends to watch for include:
- Rapid advancements in polystyrene recycling technology which could impact production volumes.
- Shifts in consumer preferences towards sustainable materials, potentially affecting demand.
- Regulatory changes related to environmental impacts that could alter market dynamics.