Expanded Polypropylene Foam Market by Type (Low Density, High Density), By Application (Automotive, Packaging), and by Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America), Global Forecast 2022 to 2030

During the projected years, increased product penetration in cloud applications such as packaging, consumer goods, and furniture is expected to have a substantial impact on overall market growth. Its exceptional properties, such as durability, chemical and water resistance, thermal insulation, and recyclability, can be ascribed to its expanding product application breadth in numerous industries. Furthermore, greater manufacturing investment has resulted in increased vehicle and consumer products output across major economies.

The global Expanded Polypropylene Foam market worth US$ 4,962.51 Million by 2032, growing at a CAGR of 11.4%

Covid-19 Impact & Market Status

Business models are being thoroughly revised to align with current business dynamics and appropriately address all the challenges that have sprung amidst the ongoing Covid-19 pandemic and its associated implications. Market players  are aggressively targeting new opportunities to emerge from the pandemic inflicted growth downturn and reverse the financial vulnerabilities. New working models that have emerged are being promoted and adopted by market veterans to unravel new growth possibilities. New market participants are also steadily coining ways to sustain tremendous competition.

Our market analysis also includes a part dedicated only to such significant firms, in which our experts present an overview of all of the main players' financial statements, as well as product benchmarking and SWOT analysis. The competitive landscape section also contains a global study of the above-mentioned players' major development strategies, market share, and market position.

Type Segment

The market is divided into three types: Low Density, High Density, and Porous PP. Because of its superior product features in contrast to other plastic materials, low-density EPP is gaining popularity in the packaging business. Porous PP, on the other hand, is used in the automotive industry for sound and vibration absorption. The most common use of porous PP foams is for vehicle interior design and protection. During the forecast period, the EPP Foam Market is expected to grow at the fastest rate in the Porous PP category.

Application Segment

The global Expanded Polypropylene (EPP) Foam Market is segmented into Automotive fuse , Packaging, Consumer Products, and Others based on applications. In 2019, the automotive industry accounted for the biggest revenue share in the Expanded Polypropylene (EPP) Foam Market, accounting for more than 40.0 percent of total revenue. The usage of noise reduction and car interiors is predicted to increase dramatically. Because of the rise of the product for the manufacture of electronics, furniture, toys, and household appliances in emerging nations, the consumer goods industry is predicted to increase significantly throughout the projection period.

Regional Segment

The Global Expanded Polypropylene (EPP) Foam Market is divided into four regions based on regional analysis: North America, Europe, Asia Pacific, and the Rest of the World. During the forecast period, Asia Pacific may continue to grow at a rapid pace. The resurgent automobile industry and increasing consumer goods industry in major markets like as Germany, France, Spain, and Russia are expected to drive significant growth in the Expanded Polypropylene (EPP) foam market in Europe. Japan is projected to grow significantly as a result of the presence of major players.

As a result, demand for Expanded Polypropylene (EPP) foam beads and moulded products is predicted to rise in the future years. Over the forecast period, rising demand for chemical- and water-resistant materials in the packaging and consumer products industries is expected to drive product demand.

Several major, small, and medium-sized businesses, including raw material suppliers, manufacturers, fabricators, and distributors, dominate the global market. The market's major competitors, such as JSP Corporation and BASF SE, use an integrated production chain, which creates obstacles to entry for raw material suppliers and product makers alike. The global Expanded Polypropylene Foam market size was valued at USD 1358.56 Million in 2020 to reach USD 3217.63 Million by 2028, at a CAGR of 11.40% during the forecast period 2021-2028.

The market's key growth-driving element in recent years has been the rapid expansion of the global automobile sector. The material is widely employed in the automotive sector, for example, in the manufacture of floor, door, and hood panels, which are principally used for noise and thermal insulation in passenger and commercial vehicles. Product demand is likely to be driven by the significant growth of the automotive sector in Germany, China, and India throughout the forecast period.

Over the forecast period, the growing use of moulded EPP (Expanded Polypropylene) foam products in protective packaging and flexible packaging applications in several verticals, including medical, consumer electronics, food & beverages, household appliances, and industrial equipment, is expected to fuel industry growth.

During the projection period, the appliances end-use segment is predicted to grow at the quickest rate in terms of revenue. Product demand in this area is likely to be driven by the rapidly developing appliances industry throughout key economies in Asia Pacific, Europe, and North America.

As a result, the Expanded Polypropylene (EPP) Foam Market is expected to expand rapidly throughout the forecast period. There are some restrictions and hurdles that will stymie the overall expansion of the Expanded Polypropylene (EPP) Foam Market. Despite the fact that EPP is used in a wide range of sectors, the continual variations in its price cause a disruption in the entire production cost of the final product, thus companies want something whose cost is stable and has less volatility.

The major players of the Global Expanded Polypropylene (EPP) Foam Market” study report will provide valuable insight with an emphasis on the global market. The major players are Kaneka Corporation, BASF SE, JSP Corporation, DS Smith PLC, Furukawa Electric Co. Ltd., Hanwha Corporation, The Woodbridge Group, Dongshing Industry Inc., SSW Pearlfoam GmbH, and Sonoco Products Company.

Latest Development

• JSP stated in August 2020 that its ARPRO extended polypropylene (EPP) brand would complete a full cycle. JSP has introduced ARPRO 5134 RE, a new product line with a 25% recycled content derived from recycled EPP.
• BASF enhanced the product range of its Neopolen expanded polypropylene foam (EPP) in March 2020. Neopolen® P 9235+ has better surface qualities, a 20% deeper colour impression, and superior filling behaviour in the production process.

Expanded Polypropylene Foam Market Scope

Key Segments of the Global Expanded Polypropylene Foam market

Type Overview

• Low Density
•  High Density
•  Porous PP

Application Overview

•  Automotive
• Packaging
•  Consumer Products
•  Others

Regional Overview

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa