Image

Global Expanded Polypropylene (EPP) Foam Market – Industry Trends and Forecast to 2030

Chemical and Materials

Image

Global Expanded Polypropylene (EPP) Foam Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Mar 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Expanded Polypropylene (EPP) Foam Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 984.04 USD Billion
Diagram Market Size (Forecast Year) USD 1,932.16 USD Billion
Diagram CAGR %

Major Markets Players

  • BASF SE
  • Hanwha Solutions
  • Armacell
  • Knauf Insulation
  • DS Smith

Global Expanded Polypropylene (EPP) Foam Market, By Type (Low Density, High Density, Porous), Raw Material (Synthetic Polypropylene, Bio-Based Polypropylene), Form (Fabricated, Molded, Other Forms), Application (Automotive, Dunnage, Furniture, Food Packaging, HVAC, Sports and Leisure, Other Applications) – Industry Trends and Forecast to 2030.

Expanded Polypropylene (EPP) Foam Market

Expanded Polypropylene (EPP) Foam Market Analysis and Size

The global expanded polypropylene (EPP) foam market is expected to grow at a significant growth rate during the forecast period. This growth is attributed to the increasing usage of products in wide applications including building and construction, packaging, consumer goods and others. Expanded polypropylene (EPP) foam shows a strong preference for the packaging of delicate goods such as circuit boards and computer equipment in non-food packaging applications. These factors are expected to enhance the growth of the expanded polypropylene (EPP) foam market globally in the forecast period.

Data Bridge Market Research analyses that the expanded polypropylene (EPP) foam market is expected to reach USD 1,932.16 million by 2030, which is USD 984.04 million in 2022, registering a CAGR of 8.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Expanded Polypropylene (EPP) Foam Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 - 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Low Density, High Density, Porous), Raw Material (Synthetic Polypropylene, Bio-Based Polypropylene), Form (Fabricated, Molded, Other Forms), Application (Automotive, Dunnage, Furniture, Food Packaging, HVAC, Sports and Leisure, Other Applications)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

BASF SE (Germany), Hanwha Solutions (South Korea), Armacell (Luxembourg), Knauf Insulation. (Belgium), DS Smith (U.K.), KANEKA CORPORATION (Japan), Sonoco Products Company (U.S.), DONGSHIN INDUSTRY INCORPORATED (South Korea), Woodbridge (Canada), FURUKAWA ELECTRIC CO., LTD (Japan), Signode Industrial Group LLC (U.S.), Molan-Pino South Africa (Spain), Clark Foam Products (U.S.), Izoblok (Poland), Paracoat Products Ltd. (India)

Market Opportunities

  • Growing product usage in passenger safety and noise, vibration, and harshness (NVH) reduction applications
  • Surging investments by major players for market expansion

Market Definition

Expanded polypropylene (EPP) foam is manufactured by polypropylene. These foams are highly versatile closed-cell bead foam that offers a unique range of properties, such as multiple impact resistance, thermal insulation, outstanding energy absorption, buoyancy, water and chemical resistance, exceptionally 100% recyclability and high strength-to-weight ratio.

Global Expanded Polypropylene (EPP) Foam Market Dynamics

Drivers

  • Increasing demand of expanded polypropylene (EPP) foam in automotive sector

Expanded polypropylene (EPP) foam is extensively used in the automotive sector for thermal insulation, acoustic management, and impact absorption in the floor, seats, bumpers and door panel. Moreover, the growing usage of electric cars promotes the growth of the expanded polypropylene (EPP) foam market because these foams play an important role in manufacture lightweight and thermally insulated electric vehicles, thereby improving the energy absorption capabilities of electric vehicles. Therefore, increasing demand of expanded polypropylene (EPP) foam in automotive sector is expected to drive the market growth.

  • Growing popularity of porous expanded polypropylene (EPP) foam

Porous expanded polypropylene (EPP) is included cylinder-shaped polypropylene beads, which increases air space between the beads in the final moulded form, thus increases advantageous acoustical insulating effects and also reduces overall weight. Porous expanded polypropylene (EPP) foam is generally black coloured for automotive applications, however it is often found in white for the packaging products. It is available from some providers in vibrant colours which are suitable for a presentation-grade textured surface. Thus, growing popularity of porous expanded polypropylene (EPP) foam is anticipated to drive the market growth

Opportunities

  • Growing product usage in passenger safety and noise, vibration, and harshness (NVH) reduction applications

The market is anticipated to grow steadily and maintain its lead during the forecast period, because of increased usage of expanded polypropylene (EPP) foam in passenger safety and noise, vibration, and harshness (NVH). Furthermore, the increasing importance of reducing overall weight of passenger vehicles to increase fuel economy is expected to create lucrative opportunities for the growth of the market during the forecast period.

  • Surging investments by major players for market expansion

The surging investments by major market players further offer numerous growth opportunities within the market. For instance, KANEKA CORPORATION has announced the investment of USD 17 million in 2018, to increase the capacity for Eperan expanded polypropylene and polyethylene particle foams at its Westerlo site in Belgium. This expansion was undertaken owing to the penetration of Eperan foam in Europe

Restraints/ Challenge

  • Fluctuating prices of raw material

The easy availability of propylene which is a major raw material for the production of expanded polypropylene (EPP) foam, in major economies has supported the global industry's raw material supply but the volatility associated with the price of these raw material is anticipated to affect the overall cost of final product prices and limiting the market growth during the forecast period.

  • Availability of alternative options

Availability of expanded polypropylene (EPP) foam substitutes in the global market such as expanded polyethylene (EPE) and expanded polycarbonate is another major factor expected to hamper the market growth during the forecast period of 2023 to 2030.

This expanded polypropylene (EPP) foam market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the expanded polypropylene (EPP) foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2022, Hanwha Solutions declared that they are set to divide off its advanced materials business and retail a stake in the unit to increase USD 491 million for investments at abroad and home. The sell-off was primarily considered in November 2021. Private equity firm Glenwood PE has intended to purchase a 49 percent stake in the division for KRW 600 billion, becoming its second largest shareholder after Hanwha.
  • In 2022, resulting the settlement of transactions as a favourable tender proposal made by BEWI in November 2021. BEWI acquired around 121,870 shares of Izoblok which are demonstrating 9.62 percent of the capital share in the country. It is worth noticing that BEWI has already acquired 54.21 percent shares of Izoblock in August 2021. Through the latest acquisition, BEWI owns a regulatory stake of 63.83 percent in Izoblok.

 Global Expanded Polypropylene (EPP) Foam Market Scope

The expanded polypropylene (EPP) foam market is segmented on the basis of type, raw material, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Low Density
  • High Density
  • Porous

Raw Material

  • Synthetic Polypropylene
  • Bio-Based Polypropylene

Form

  • Fabricated
  • Molded
  • Other Forms

 Application

  • Automotive
  • Dunnage
  • Furniture
  • Food Packaging
  • HVAC
  • Sports and Leisure
  • Other Applications

Expanded Polypropylene (EPP) Foam Market Regional Analysis/Insights

The expanded polypropylene (EPP) foam is analyzed and market size insights and trends are provided by country, type, raw material, form and application as referenced above.

The countries covered in the expanded polypropylene (EPP) foam market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the expanded polypropylene (EPP) foam market in terms of revenue growth and market share owing to increase in the product demand form major end-use verticals. Moreover, the rapidly increasing automotive sector will further boost the growth of the market in this region.

Europe is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the improving automobile industry and evolving consumer goods industry in developed economies. Furthermore, the presence of major market players is further anticipated to propel the growth of the market in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Expanded Polypropylene (EPP) Foam Market Share Analysis

The expanded polypropylene (EPP) foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to expanded polypropylene (EPP) foam market.

Some of the major players operating in the expanded polypropylene (EPP) foam market are:

  • BASF SE (Germany)
  • Hanwha Solutions (South Korea)
  • Armacell (Luxembourg)
  • Knauf Insulation (U.S.)
  • DS Smith (U.K.)
  • KANEKA CORPORATION (Japan)
  • Sonoco Products Company (U.S.)
  • DONGSHIN INDUSTRY INCORPORATED (South Korea)
  • Woodbridge (Canada)
  • FURUKAWA ELECTRIC CO., LTD (Japan)
  • Signode Industrial Group LLC (U.S.)
  • Molan-Pino South Africa (Spain)
  • Clark Foam Products (U.S.)
  • Izoblok (Poland)
  • Paracoat Products Ltd. (India)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The market value for expanded polypropylene (EPP) foam in 2022 is USD 984.04 million.
The expanded polypropylene (EPP) foam market is to grow at a CAGR of 8.80% during the forecast period of 2023 to 2030.
The expanded polypropylene (EPP) foam market is segmented on the basis of type, raw material, form and application.
Asia-Pacific is expected to dominate the expanded polypropylene (EPP) foam market in terms of revenue growth and market share owing to increase in the product demand form major end-use verticals.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials