Global Expanded Polypropylene EPP Foam
Market Report
2024
The Global Expanded Polypropylene (EPP) Foam Market was valued at USD 1.43 billion in 2022 and is projected to reach USD 2.53 billion by 2030, registering a CAGR of 7.4% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Expanded Polypropylene (EPP) Foam Market was valued at USD 1.43 billion in 2022 and is projected to reach USD 2.53 billion by 2030, registering a CAGR of 7.4% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Expanded Polypropylene EPP Foam Market Sales Revenue 2022 | $ 1.43 Billion |
Global Expanded Polypropylene EPP Foam Market Sales Revenue 2030 | $ 2.53 Billion |
Global Expanded Polypropylene EPP Foam Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.4% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Raw Material |
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Market Split by Form |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Expanded Polypropylene EPP Foam Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Expanded polypropylene (EPP) foam is a lightweight, versatile, and resilient type of foam made from polypropylene. It is created through a process known as foam extrusion, in which tiny beads of polypropylene are expanded using heat and a blowing agent. The resulting foam structure consists of interconnected, closed-cell beads that are fused. It is commonly found in automotive components, protective packaging, insulation, sports equipment, consumer products, and even in the aerospace industry for certain applications.
The EPP foam is extremely lightweight, allowing manufacturers to reduce the overall weight of their products without compromising on strength and performance. This is particularly important in the automotive and aerospace industries, where weight reduction is crucial for improving fuel efficiency, enhancing performance, and meeting regulatory standards. The lightweight nature of EPP foam enables manufacturers to achieve these goals, leading to increased demand for the material. EPP foam exhibits excellent impact resistance, meaning it can absorb and disperse energy when subjected to external forces. This property makes it highly suitable for applications where protection and safety are paramount, such as automotive bumpers, and packaging. The ability of EPP foam to withstand impacts without permanent deformation or damage contributes to its growing demand in these industries.
EPP foam’s lightweight nature makes it highly desirable for consumer goods that need to be lightweight and easily portable. Products such as backpacks, laptop cases, and travel accessories benefit from the use of EPP foam, as it provides cushioning and protection without adding unnecessary weight. Consumers prefer lightweight and convenient products, which has led to increased demand for expanded polypropylene foam in these consumer goods.
EPP foam has gained significant traction in the sports and recreation industry. It is used in the manufacturing of sporting equipment such as bicycle helmets, protective padding for sports gear, flotation devices, kickboards, swimming equipment, and more. The lightweight yet durable properties of EPP foam make it an ideal material for applications, contributing to increased demand from sports enthusiasts and athletes.
Restraining Factor:
The cost of raw materials, particularly polypropylene, can be subject to price fluctuation due to factors like oil prices, supply-demand imbalances, and geopolitical factors. These price fluctuations can impact the production cost of EPP foam and affect its market. Also, EPP foam faces competition from other foam materials such as polyurethane, polystyrene, and extruded polystyrene foam. These materials also have their unique properties and applications, creating competition for EPP foam in various market segments which may hinder the growth of the EPP foam market.
Impact of the COVID-19 Pandemic on the Expanded Polypropylene (EPP) Foam Market:
The pandemic led to disruptions in global supply chains, affecting the availability of raw materials and components necessary for EPP foam production. Lockdown measures, travel restrictions, and temporary closures of manufacturing facilities caused delays in the supply chain, impacting EPP foam products' production and delivery. The pandemic’s impact on the overall demand for EPP demand was influenced by the specific industry and its response to the crisis. The closure of gyms and recreational facilities led to reduced demand for sports equipment and accessories made with EPP foam. On the other hand, increased online shopping and the need for protective packaging for e-commerce deliveries drove the demand for EPP foam in the packaging sector.
As economies gradually recovered from the pandemic and industries resumed operations, the demand for EPP foam rebounded. As economic activities regained momentum, industries such as automotive, packaging, and consumer goods witnessed a resurgence in demand.
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JSP developed ARPRO REvolution with a recycled content of >90%:
ARPRO REvolution is perfectly targeted for future non-technical applications such as packaging, leisure, and furniture applications. ARPRO REvolution has the lowest CO2 footprint of any Expanded Polypropylene ever developed.
https://www.arpro.com/en-GB/news/news-2020/arpro-revolution/
BEWI acquired a majority stake in IZOBLOK to strengthen its position in the automotive industry:
This acquisition strengthens the market position of BEWI in the automotive industry. IZOBLOK is a solid company, with a strong position within EPP components to this industry in Europe. The partnership helps both companies become the leading provider of components to the industry.
https://bewi.com/press-releases/bewi-enters-into-an-agreement-to-acquire-a-majority-stake-of-the-listed-polish-company-izoblok-to-strengthen-its-position-in-the-automotive-industry/
Top Companies Market Share in Expanded Polypropylene EPP Foam Industry: (In no particular order of Rank)
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Asia Pacific occupies the largest market share:
Asia Pacific dominated the Expanded Polypropylene (EPP) Foam Market in 2022. The factors propelling the growth of the market in this region are the rapid industrialization, availability of raw materials, and presence and easy access of labor is leading to the growth of the electronics like refrigerators, microwave ovens, and television, consumer goods, and other manufacturing industries supporting the EPP Foam market to dominate in the North America region.
North America is expected to grow at a significant pace due to rising end-user industries, technological advancements, and the shift of the focus of the automotive industry towards fuel-efficient vehicles, and high demand for electric vehicles is rising utilization of EPP foam supporting the Expanded Polypropylene (EPP) Foam market to grow at a remarkable rate in this region.
The current report Scope analyzes Expanded Polypropylene EPP Foam Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Expanded Polypropylene EPP Foam Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Expanded Polypropylene EPP Foam Industry growth. Expanded Polypropylene EPP Foam market has been segmented with the help of its Product Type, Application Raw Material, and others. Expanded Polypropylene EPP Foam market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By Product Type
The high-density EPP foam held the largest market share in 2022:
High-density EPP foam possesses excellent mechanical properties, including high strength, impact resistance, and dimensional stability. These properties make it ideal for demanding applications where durability and structural integrity are crucial. EPP foam is a lightweight material that provides excellent energy absorption capabilities, making it suitable for use in safety components such as automotive bumpers, headrests, and protective packaging. High-density EPP foam can be molded into various shapes and sizes, offering designers and manufacturers significant flexibility in product development. Its ability to conform to complex shapes makes it suitable for a wide range of applications, including automotive parts, sports equipment, and consumer goods. Thus, the excellent mechanical properties offered by high-density EPP foam contribute to its significant market presence.
However, the medium-density EPP foam is expected to grow in the future at a high rate during the forecast period as it offers versatility in terms of its physical properties, such as strength, impact resistance, and flexibility. Medium-density EPP foam possesses good thermal insulation properties. It can act as a barrier against heat transfer, making it useful for applications that require temperature control or insulation, such as packaging for temperature-sensitive goods.
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By Application
In 2022, the automotive segment dominated the global market:
EPP foam is a lightweight material, making it ideal for automotive applications where weight reduction is crucial for improving fuel efficiency and reducing emissions. EPP foam has excellent energy absorption properties, making it highly suitable for automotive safety applications such as bumpers, headrests, door panels, and interior components. It has good acoustic properties, helping to reduce noise and vibration within the vehicle and thus supports the automotive segment to become a leading segment.
The consumer goods segment is anticipated to be the fastest-growing segment in the forecast period from 2023 to 2030 due to its lightweight nature and high durability. It offers excellent impact resistance, making it ideal for protective packaging and products that require cushioning during transportation and handling. Its durability allows for repeated use without significant wear and tear, making it a cost-effective choice for consumers. EPP foam can be molded into various shapes and sizes, making it highly versatile. It is commonly used in consumer goods such as electronics, appliances, toys, sporting goods, and protective packaging and hence is considered to be the fastest-growing segment.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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By Raw Material
Synthetic polypropylene dominates the market in 2022, as it is a lightweight material. It helps in achieving a high strength-to-weight ratio, making it suitable for applications where weight reduction is essential, such as automotive components and packaging materials. EPP foam is valued for its exceptional impact resistance, and polypropylene provides the necessary mechanical properties to achieve this characteristic. Polypropylene has a high toughness and can absorb and distribute energy upon impact, making it ideal for applications where protection against impacts is crucial.
However, bio-based polypropylene is expected to grow at a robust rate in the forecast period. Biobased polypropylene is derived from renewable resources such as plant-based feedstocks (e.g., biomass, crops, or waste biomass). Utilizing renewable feedstocks reduces dependence on fossil fuels and helps in addressing sustainability concerns. Bio-PP has the potential to exhibit a lower carbon footprint compared to its petroleum-based counterpart. The production of biobased polypropylene typically generates fewer greenhouse gas emissions, contributing to reduced environmental impact.
Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Expanded Polypropylene EPP Foam Market is witnessing significant growth in the near future.
In 2023, the Low-Density EPP Foam segment accounted for noticeable share of global Expanded Polypropylene EPP Foam Market and is projected to experience significant growth in the near future.
The Packaging segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies JSP Corporation , Kaneka Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Product Type | Low-Density EPP Foam, Medium Density EPP Foam, High-Density EPP Foam |
Application | Packaging, Consumer Products, Automotive, Others |
Raw Material | Synthetic Polypropylene, Bio-based Polypropylene |
Form | Molded EPP, Fabricated EPP, Others |
List of Competitors | JSP Corporation, BASF SE, Kaneka Corporation, Furukawa Electric Co., Ltd., DS Smith PLC, Hanwha Corporation, Sonoco Products Company |
This chapter will help you gain GLOBAL Market Analysis of Expanded Polypropylene EPP Foam. Further deep in this chapter, you will be able to review Global Expanded Polypropylene EPP Foam Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Raw Material Analysis 2019 -2031
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Chapter 13 Market Split by Form Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Expanded Polypropylene EPP Foam market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Low-Density EPP Foam have a significant impact on Expanded Polypropylene EPP Foam market? |
What are the key factors affecting the Low-Density EPP Foam and Medium Density EPP Foam of Expanded Polypropylene EPP Foam Market? |
What is the CAGR/Growth Rate of Packaging during the forecast period? |
By type, which segment accounted for largest share of the global Expanded Polypropylene EPP Foam Market? |
Which region is expected to dominate the global Expanded Polypropylene EPP Foam Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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