GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET FORECAST 2019-2028

Inkwood Research estimates that the global expanded polystyrene (EPS) market will grow with an anticipated CAGR of 5.54% during the forecast period, and will reach revenue of $11062.09 million by 2028. In terms of volume, the market is set to register a CAGR of 4.85%. The base year considered for the market study is 2018. The forecasted period is between 2019 and 2028.

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Expanded polystyrene (EPS) is a firm insulation material. It has a closed enclosure arrangement that offers certain advantages for insulation. Furthermore, the growing use of expanded polystyrene in the end-use industries is one of the major factors that boost the growth of the global expanded polystyrene (EPS) market.

Key factors driving the global expanded polystyrene (EPS) market growth:

  • Benefit over other insulators
  • Rising demand in the building & construction and packaging industries
  • Increasing demand for lightweight materials in the automobile industry
    • The polymer industry is one of the largest manufacturing sectors.
    • The automotive end-use industry is a major consumer of plastic materials.
    • The use of plastics in automobiles to improve vehicle downsizing is proving to be an efficient, cost-effective way to boost the vehicle’s mileage.
    • Moreover, the need for enhanced fuel efficiency has also been increased.

Key factors restraining market growth:

  • Volatility in crude oil prices
    • EPS is attained from crude oil. Therefore, variations in the costs of crude oil directly affect the price of raw materials, thereby impacting the production process.
    • Thus, volatility in crude oil prices restrains the growth of the expandable polystyrene market.
  • Availability of substitute products

The report scope of the global expanded polystyrene (EPS) market covers the segmentation analysis of type and end-user.

Market by Type:

  • Grey EPS
  • White EPS
    • White EPS is the dominating type in the market with regard to revenue and volume.
    • It is a rigid, closed-cell foam plastic that has high thermal insulation. It reflects the sun better than other EPS.
    • Therefore, its surface does not get very greasy in the heat of the sun. The rising use of white EPS in the construction and packaging drives its market growth.
  • Black EPS

Geographically, the global expanded polystyrene (EPS) market has been segmented on the basis of four major regions, which includes:

  • North America: the United States and Canada
  • Europe: the United Kingdom, Germany, France, Italy, Belgium, Russia, Poland, and Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia Pacific
    • The Asia Pacific is set to be the dominating and leading region in terms of revenue and volume.
    • The usage of EPS insulation is increasing in the Asia Pacific, due to increasing possession of real estates, along with rising home renovation and construction undertakings.
    • Moreover, the government in China has developed policies promoting building energy efficiency.
    • The government initiatives also include increasing construction expenditure to develop public and commercial infrastructure, along with energy conservation initiatives to reduce greenhouse gas releases, which drive the market growth.
  • Rest of World: Latin America, the Middle East & Africa.

The major players in the global expanded polystyrene (EPS) market are:

  • BASF SE
  • Ravago
  • LG Corporation
  • Evonik Industries AG
  • Others

Key strategies adopted by some of these companies:

In April 2020, Bewisynbra Group AB entered into an agreement for the acquisition of a minority stake in a newly formed EPS insulation & packaging company based in the UK.

Key findings of the global expanded polystyrene (EPS) market:

  • The growing demand for polystyrene in food packaging is driving the market growth.
  • Grey EPS in the expanded polystyrene (EPS) market by type is likely to grow the fastest in the market, both in terms of revenue and volume.
  • The advanced recycling techniques for polystyrene is fueling market demand.

 

Frequently Asked Questions & Answers (FAQs):

  • Which is the dominating end-user with regard to volume in the expanded polystyrene (EPS) market?

     A: Packaging is the dominating end-user in the expanded polystyrene (EPS) market in terms of volume.

  • Which country offers lucrative growth opportunities in the expanded polystyrene (EPS) market?

     A: India entails ample growth opportunities in the expanded polystyrene (EPS) market.

  • Which are the top companies operating in the expanded polystyrene (EPS) market?

     A: BASF SE, LG Corporation, and Ravago, are some of the top companies operating in the expanded polystyrene (EPS) market.

 

 

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. MARKET DEFINITION
    2.    KEY DRIVERS
      1. BENEFIT OVER OTHER INSULATORS
      2. RISING DEMAND IN THE BUILDING & CONSTRUCTION AND PACKAGING INDUSTRIES
      3. RISE IN DEMAND FOR LIGHTWEIGHT MATERIALS IN THE AUTOMOBILE INDUSTRY
    3.    KEY RESTRAINTS
      1. VOLATILITY IN CRUDE OIL PRICES
      2. AVAILABILITY OF SUBSTITUTE PRODUCTS
  4. KEY ANALYTICS
    1. KEY INVESTMENT INSIGHTS
    2.    PORTER’S FIVE FORCE ANALYSIS
      1. BUYER POWER
      2. SUPPLIER POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. OPPORTUNITY MATRIX
    4. VENDOR LANDSCAPE
    5. IMPACT OF COVID-19 ON EXPANDED POLYSTYRENE (EPS) MARKET
  5. MARKET BY TYPE
    1. WHITE EPS
    2. GREY EPS
    3. BLACK EPS
  6. MARKET BY END-USER
    1. PACKAGING
    2. AUTOMOTIVE
    3. DOMESTIC APPLIANCES
    4. CONSUMER ELECTRONICS
    5. BUILDING & CONSTRUCTION
    6. MEDICAL
    7. OTHER END-USERS
  7. GEOGRAPHICAL ANALYSIS
    1.    NORTH AMERICA
      1. UNITED STATES
      2. CANADA
    2.    EUROPE
      1. UNITED KINGDOM
      2. GERMANY
      3. FRANCE
      4. ITALY
      5. RUSSIA
      6. BELGIUM
      7. POLAND
      8. REST OF EUROPE
    3.    ASIA PACIFIC
      1. CHINA
      2. JAPAN
      3. INDIA
      4. SOUTH KOREA
      5. MALAYSIA
      6. INDONESIA
      7. THAILAND
      8. VIETNAM
      9. AUSTRALIA & NEW ZEALAND
      10. REST OF ASIA PACIFIC
    4.    REST OF WORLD
      1. LATIN AMERICA
      2. MIDDLE EAST & AFRICA
  8. COMPANY PROFILES
    1. ALPEK S.A.B DE CV
    2. ARKEMA SA
    3. BASF SE
    4. EVONIK INDUSTRIES AG
    5. KANEKA CORPORATION
    6. LG CORPORATION
    7. NOVA CHEMICAL CORPORATION
    8. SABIC
    9. STYROCHEM
    10. TOTAL SA
    11. RAVAGO
    12. SIBUR
    13. JACKON GMBH
    14. BEWISYNBRA GROUP AB
    15. SUNPOR KUNSTSTOFF GMBH
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – EXPANDED POLYSTYRENE (EPS)

TABLE 2: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 5: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 6: GLOBAL WHITE EPS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL WHITE EPS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 8: GLOBAL WHITE EPS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 9: GLOBAL WHITE EPS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 10: GLOBAL GREY EPS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL GREY EPS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 12: GLOBAL GREY EPS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 13: GLOBAL GREY EPS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 14: GLOBAL BLACK EPS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL BLACK EPS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 16: GLOBAL BLACK EPS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 17: GLOBAL BLACK EPS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 18: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 20: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 21: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 22: GLOBAL PACKAGING MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: GLOBAL PACKAGING MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 24: GLOBAL PACKAGING MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 25: GLOBAL PACKAGING MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 26: GLOBAL AUTOMOTIVE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 27: GLOBAL AUTOMOTIVE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 28: GLOBAL AUTOMOTIVE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 29: GLOBAL AUTOMOTIVE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 30: GLOBAL DOMESTIC APPLIANCES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 31: GLOBAL DOMESTIC APPLIANCES MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 32: GLOBAL DOMESTIC APPLIANCES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 33: GLOBAL DOMESTIC APPLIANCES MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 34: GLOBAL CONSUMER ELECTRONICS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 35: GLOBAL CONSUMER ELECTRONICS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 36: GLOBAL CONSUMER ELECTRONICS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 37: GLOBAL CONSUMER ELECTRONICS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 38: GLOBAL BUILDING & CONSTRUCTION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 39: GLOBAL BUILDING & CONSTRUCTION MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 40: GLOBAL BUILDING & CONSTRUCTION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 41: GLOBAL BUILDING & CONSTRUCTION MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 42: GLOBAL MEDICAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 43: GLOBAL MEDICAL MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 44: GLOBAL MEDICAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 45: GLOBAL MEDICAL MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 46: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 47: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 48: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 49: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 50: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 51: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY GEOGRAPHY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 52: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 53: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY GEOGRAPHY, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 54: NORTH AMERICA EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 55: NORTH AMERICA EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 56: NORTH AMERICA EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 57: NORTH AMERICA EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 58: EUROPE EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 59: EUROPE EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 60: EUROPE EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 61: EUROPE EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 62: ASIA PACIFIC EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 63: ASIA PACIFIC EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 64: ASIA PACIFIC EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 65: ASIA PACIFIC EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN KILOTONS)

TABLE 66: REST OF WORLD EXPANDED POLYSTYRENE (EPS) MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 67: REST OF WORLD EXPANDED POLYSTYRENE (EPS) MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 68: REST OF WORLD EXPANDED POLYSTYRENE (EPS) MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

TABLE 69: REST OF WORLD EXPANDED POLYSTYRENE (EPS) MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN KILOTONS)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, GROWTH POTENTIAL, BY TYPE, IN 2019

FIGURE 6: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY WHITE EPS, 2019-2028 (IN $ MILLION)

FIGURE 7: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY GREY EPS, 2019-2028 (IN $ MILLION)

FIGURE 8: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY BLACK EPS, 2019-2028 (IN $ MILLION)

FIGURE 9: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019

FIGURE 10: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY PACKAGING, 2019-2028 (IN $ MILLION)

FIGURE 11: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY AUTOMOTIVE, 2019-2028 (IN $ MILLION)

FIGURE 12: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY DOMESTIC APPLIANCES, 2019-2028 (IN $ MILLION)

FIGURE 13: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $ MILLION)

FIGURE 14: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY BUILDING & CONSTRUCTION, 2019-2028 (IN $ MILLION)

FIGURE 15: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY MEDICAL, 2019-2028 (IN $ MILLION)

FIGURE 16: GLOBAL EXPANDED POLYSTYRENE (EPS) MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA EXPANDED POLYSTYRENE (EPS) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 18: UNITED STATES EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 19: CANADA EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 20: EUROPE EXPANDED POLYSTYRENE (EPS) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 21: UNITED KINGDOM EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 22: GERMANY EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: FRANCE EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 24: ITALY EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 25: RUSSIA EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 26: BELGIUM EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 27: POLAND EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 28: REST OF EUROPE EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 29: ASIA PACIFIC EXPANDED POLYSTYRENE (EPS) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 30: CHINA EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 31: JAPAN EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 32: INDIA EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 33: SOUTH KOREA EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 34: MALAYSIA EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 35: INDONESIA EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 36: THAILAND EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 37: VIETNAM EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 38: AUSTRALIA & NEW ZEALAND EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 39: REST OF ASIA PACIFIC EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 40: REST OF WORLD EXPANDED POLYSTYRENE (EPS) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 41: LATIN AMERICA EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

FIGURE 42: MIDDLE EAST & AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, 2019-2028 (IN $ MILLION)

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