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Global Expanded Polyethylene (EPE) Foam Market to Grow at a CAGR of 6% During 2022-2027, Aided by the Rapid Industrialisation and Urbanisation

According to a new report by EMR titled, ‘Global Expanded Polyethylene (EPE) Foam Market Report and Forecast 2022-2027’, the global expanded polyethylene (EPE) foam industry stood at a value of USD 976 million in 2020. The industry is further projected to grow at a CAGR of 6% in the forecast period of 2022-2027.

The global expanded polyethylene (EPE) foam market is anticipated to rise significantly in the forecast period owing to rapid industrialisation and urbanisation, which is likely to propel the building and construction industry. The extensive use of protective packaging towards safeguarding and shielding a product from damage. The application segment of the market is likely to bolster the market growth, owing to the rising automotive, packaging, building and construction industries. However, the strict government regulations to prevent overexposure to VOCs, which may lead to illness and lung infection, have hampered the sales. But the rising population and increasing disposable income will propel the market recovery in the forecast period.

The growth is anticipated to be propelled by the rising production of expanded polyethylene (EPE) foam which would enhance the product's availability. In February 2021, Zotefoams plc (LON: ZTF) opened a new plant in Brzeg, South West Poland, to augment its global capacity and optimize customer service levels. In addition, the company will focus on the supply of the product in Europe and the United Kingdom to meet the increasing demand for foams in the region. This move is likely to satisfy the demand for foams in the rising building and construction industry, which has attracted several investors.

The Asia Pacific region is expected to remain the dominant region in the forecast period. This can be attributed to the rising economy, increasing population, and technological advancements in the region. In addition, the region has also witnessed substantial investments in the field of packaging, owing to the rising food and beverage, automotive, building, and construction industry. Asia Pacific is followed by Europe, where the resurgence of construction projects has led to a significant increase in demand for expanded polyethylene (EPE) foam.

Market Breakup by Product, Application, and Region:

  • The market is segmented on the basis of product into EPE foam coal and EPE foam sheet, among others.
  • The various applications of the product include protective packaging, industrial thermal insulation, mattresses, automotive, building and construction, among others.
  • The regional markets for expanded polyethylene (EPE) foam can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The global market for expanded polyethylene (EPE) foam is being driven by the increasing application of the product in various industries, including building and construction, automotive, packaging, among others.
  • Technological advancements, industrialisation, and urbanisation will further propel market growth.
  • E-commerce platforms and growing R&D activities further drive the chemistry and polymer architecture market.
  • The rising population and increasing disposable incomes further enhance the demand for the product owing to the product’s use in building residential houses or plots.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for expanded polyethylene (EPE) foam for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the products, applications, and significant regions of expanded polyethylene (EPE) foam.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The key players in the global expanded polyethylene (EPE) foam industry include KANEKA Corporation, Sonoco Products Company, Pregis LLC., and TART,s.r.o., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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