Add 2 More Reports For 20% off

Report Overview

The global expanded polypropylene (EPP) foam market reached a value of about USD 1.14 billion in 2023. The industry is further expected to grow at a CAGR of about 6% in the forecast period of 2024-2032 to reach a value of around USD 1.93 billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • In 2023, Chemical manufacturer BASF signed a definitive agreement to divest its Neopolen expanded polypropylene business to Knauf Industries GmbH, a European specialist in EPP moulded components.
  • In 2020, Raw material manufacturer JSP is extending its range of expanded polypropylene particle foams with products made of recycled content. The new grade, dubbed 'Arpro 35 Ocean', is manufactured with 15 percent recycled maritime industry waste recovered in items such as fishing nets and ropes. This in turn supports the growth of expanded polypropylene (EPP) foam market.
  • EPP foam is increasingly used in consumer products like sporting equipment and electric devices because of its very good damping characteristics and light weight, ensuring better protection of the product and more comfort for the user.

Expanded Polypropylene (EPP) Foam Market Growth

Global Expanded Polypropylene (EPP) Foam Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 1.14
Market Size 2032 USD Billion 1.93
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 6.0%
CAGR 2024-2032 - Market by Region Asia Pacific 6.8%
CAGR 2024-2032 - Market by Country India 7.9%
CAGR 2024-2032 - Market by Country China 6.7%
CAGR 2024-2032 - Market by Raw Material Bio-based Polypropylene 6.6%
CAGR 2024-2032 - Market by Application Automotive 6.9%
Market Share by Country 2023 France 3.2%

Polypropylene is used to make expanded polypropylene (EPP) foam. Expanded Polypropylene (EPP) foam is a flexible bead foam that offers energy absorption, impact resistance, thermal insulation, chemical resistance, and 100% recyclability. EPP foams are mostly utilised in industrial packaging because of their cushioning properties and flexibility, which provide great security for complex designs.

The key factors that are anticipated to augment the expanded polypropylene (EPP) foam demand growth include the growing awareness of environmental concerns and the increasing demand for lightweight and fuel-efficient cars. The automotive industry is developing quickly due to the demand for automobiles and the rise in production; hence, the global EPP foam market is expected to proliferate further in the coming years. In addition, the rising need for bio-based polypropylene foam and alternatives for EPS and EPE products by EPP will further provide opportunities for the growth of the expanded polypropylene (EPP) foam market in the forecast period.

expanded polypropylene epp foam market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends and Recent Developments

Growing inclination towards lightweight materials, focus on recyclability and sustainability and technological innovation are a few factors shaping the expanded polypropylene (EPP) foam market dynamics and trends.

April 2021

Sulzer Chemtech and Borealis have successfully concluded the development of a novel process for the economical extrusion of expanded polypropylene-ePP beads.

Growing Demand for Lightweight Materials

The automotive and aerospace industries are the major demand drivers for EPP foam due to its lightweight and high-impact resistance characteristics. This is encouraging fuel efficiency and, subsequently, a reduction in emission levels, hence the increased application of EPP in vehicle manufacturing and becoming a trend in the expanded polypropylene (EPP) foam market.

Focus on Sustainability and Recyclability

Increasing environmental concerns encourage manufacturers to work on recyclable and eco-friendly EPP foam solutions. The advancement of technologies in recycling and the use of renewable raw materials is making EPP an environmentally friendly option for packaging and insulation applications.

Technological Innovations in the Production of Foam

Improvement in foam manufacturing techniques, such as in mouldings and composites, is also increasing the application areas of EPP. In turn, it is also improving performance characteristics like durability and thermal insulation, thereby making the foam more usable in a greater variety of industries and opening up expanded polypropylene (EPP) foam market opportunities.

Expanded Polypropylene (EPP) Foam Market Trends

Increasing Product Penetration in Several Applications Augmenting the Market Growth

During the forecast period, the increased product penetration in applications such as packaging, consumer goods, and furniture is expected to aid the overall expanded polypropylene (EPP) foam industry growth. Its exceptional properties, such as durability, chemical and water resistance, thermal insulation, and recyclability, can be ascribed to its expanding product application scope in numerous industries. Also, the rising investments in manufacturing activities across major economies have resulted in increased automobile and consumer goods production. The rising demand for chemical and water-resistant materials in the packaging and consumer products industries is expected to drive the global expanded polypropylene (EPP) foam market over the forecast period.

Industry Outlook

Global Demand for Air Conditioning Units and the Demand for Electric Vehicles, Aids the Growth of the Expanded Polypropylene (EPP) Foam Market.

Global demand for air conditioning units will surge from 1.9 billion units in 2020 to 5.6 billion units by 2050. These factors will in turn boost the demand of expanded polypropylene (EPP) foam market. India leads the projected growth of air conditioning units between 2016 and 2050, with a remarkable growth of 4206%, followed by Indonesia with 1845%, Mexico with 697%, Brazil with 503%, and the Middle East with 347%. But these figures are also joined by growth from the EU, which is at 185%; China, 149%; and the U.S., 45%, at a slower rate. The increase in the number of air conditioning units naturally raises the demand for raw materials used to make them, such as EPP foam. EPP foam has several properties that make it perfect for air conditioning systems: it is light and resilient with good insulation characteristics. Air conditioners are bound to increasingly use the EPP foam in their components, such as housings, ducts, and insulation panels since manufacturers are trying harder to achieve better energy efficiency and performance. This is slowly becoming a trend of the expanded polypropylene (EPP) foam market and boost sales. 

Sales of EVs are expected to reach 17.5 million units in 2024, up 27% from 13.8 million units last year, on the back of increasing adoption in major regions. Greater China remains the leading market and accounts for more than half of all global EV sales. It is followed by Europe and North America, with respective shares projected to account for 22.4% and 12.8% in 2024. This expansion in EV sales significantly reflects strong demand for lightweight materials such as expanded polypropylene foam, which has many end-applications in the automotive industry. EPP foam has excellent impact resistance, good thermal insulation properties, and is lightweight. Several manufacturers use it in EVs for casings in batteries, bumpers, and interior parts to improve vehicle efficiency by weight reduction and enhance safety features.

expanded polypropylene epp foam market by segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Expanded Polypropylene (EPP) Foam Industry Segmentation

“Expanded Polypropylene (EPP) Foam Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

By raw material, the market includes:

  • Synthetic Polypropylene
  • Bio-based Polypropylene

Based on form, the market can be segregated into:

  • Fabricated EPP
  • Moulded EPP
  • Others

Based on application, the market can be divided into:

  • Automotive
  • Dunnage
  • Furniture
  • Food Packaging
  • HVAC
  • Sports and Leisure
  • Others

Based on region, the mouth fresheners market segmentation includes:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Expanded Polypropylene (EPP) Foam Market Share

Automotive Application Expected to Dominate the Market Growth

AS per expanded polypropylene (EPP) foam industry analysis, the automotive segment is predicted to lead the market growth throughout the forecast period owing to rising product utilisation in passenger safety and noise reduction applications. EPP foam is used extensively in the automotive industry for noise management, thermal insulation, and impact absorption in the floor, door panels, seats, and bumpers. Over the forecast period, the growing necessity of reducing overall vehicle weight to enhance fuel efficiency is expected to drive the product demand in the automotive market.

Over the next few years, the consumer products industry is predicted to rise significantly. Due to the increased chemical and mechanical qualities, the product is increasingly being used in the production of electronics, toys, furniture, and household appliances. Growing demand for consumer goods, particularly in developing nations, is a major driver for segment expansion, pushing the expanded polypropylene (EPP) foam demand.

Durability, Recyclability, And High Resistance To Impacts Are Some Of The Factors Contributing To The Increasing Demand For Expanded Polypropylene Foam In Several End-Use Markets.

  • The excellent strength-to-weight ratio of EPP foam makes the material right for different industries, ranging from automotive and packaging to consumer goods and even reaching to construction. 
  • EPP foam is fully recyclable, hence moving toward increased environmental regulations and sustainability goals. 
  • EPP foam exhibits very effective energy absorption and resistance to impacts, improving safety in automotive applications and protective packaging.
  • AS per expanded polypropylene (EPP) foam market analysis, company innovation in developing efficient production processes and the advancement in moulding technologies have helped lower the cost and improve the quality of the products produced.

Variable Raw Material Prices, Economic Slowing, and High Initial Costs May Provide a Hurdle to Growth in This Market.

  • Fluctuations in raw material prices, such as polypropylene resin used, affect the price of production.
  • Whereas the economic slowdowns resulted in reduced demand for key industries using this technology and therefore had a global cooling effect on market growth.
  • Production of EPP foam is more expensive compared to most other types of foam, and this may hinder penetration in several price-sensitive markets, affecting the expanded polypropylene (EPP) foam demand globally
  • The manufacture of EPP foam tends to be tricky with requirements for specialised equipment. 
  • In the packaging sector, there is competition for EPP foam; that is, the expanded polystyrene and polyurethane foams, both cheaper.

Growing Automotive Sector, Sustainability Trends, and Rapid Industrialisation Provide Opportunities in the Market.

  • Increasing demand for light-weight materials from automotive manufacturers will bolster the expanded polypropylene (EPP) foam market growth.
  • Increasing awareness regarding the protection of environmental concerns and rising demand for eco-friendly materials are propelling the recyclable EPP foam market. 
  • Growing industrialization and construction activities in developing economies open up new prospects for the market. 
  • Continuous research and development can further create new avenues for application with enhanced performance characteristics.

expanded polypropylene epp foam market by region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Expanded Polypropylene (EPP) Foam Market Regional Analysis

Asia Pacific and Europe to be Significant Regional Markets for Expanded Polypropylene (EPP) Foam

The expanded polypropylene (EPP) foam industry in Asia Pacific region is expected to account for a significant share in the market in the coming years. This leading position of the Asia Pacific EPP foam market can be attributed to the rising product demand among various industry verticals, including packaging and consumer goods. The increased consumption of plastics and polymers in the region is projected to fuel the market for expanded polypropylene (EPP) foam, which is expected to be driven by the country's growing manufacturing activity. Also, the fast-paced growth of the automotive industry in Asia Pacific is expected to bolster the expansion of the Asia Pacific EPP foam market in the coming years.

CAGR 2024-2032 - Market by Country
India 7.9%
China 6.7%
UK 5.5%
USA 5.4%
Australia 4.7%
Canada XX%
Germany XX%
France XX%
Italy 4.2%
Japan XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

On the other hand, the expanded polypropylene (EPP) foam market share in Europe to witness significant growth opportunities in the global market. This trend can be attributed to the recovering automotive industry in the region and the rapid emergence of the consumer goods market in several major countries, such as France, Russia, Germany, and Spain. Furthermore, the strong presence of major original equipment manufacturers in the automotive industry is also expected to support the expansion of Europe's market shortly.

Competitive Landscape

The key players in the expanded polypropylene (EPP) foam market are engaging in R&D of value-added material development, capacity expansion, and strategic partnership to offer the product portfolio and cater to the demands of various industries.

BASF SE, established in 1865 and headquartered in Ludwigshafen, Germany under the trade name "BASF Foam”, produces a line of EPP foam solutions targeting high-performance applications related to automobiles, construction, and consumer goods, while focusing on innovation, sustainability, and further enhancement of the material properties.

Founded in 1985 and headquartered in Atlanta, Georgia, Engineered Foam Products provides various EPP foam solutions tailor-made for industries such as automotive to packaging. Additionally, the company offers value-added services like custom design for impact resistance and thermal insulation, depending on the customers' needs, made possible by advanced technologies in foam.

JSP, headquartered in Tokyo, Japan and founded in 1969, is one of the largest EPP foam manufacturers with a wide range of products available in automotive, packaging, and industrial uses. Its product range is in response to light, durable, and greener solutions through continuous research and development to further enhance the performance of foam.

Other key players in the expanded polypropylene (EPP) foam market include KK Nag Pvt. Ltd, and Knauf Industries, among others.

Competitive Strategies of the Global Expanded Polypropylene [EPP] Foam Market.

  • Adding new EPP foam grades that offer improved performance properties, such as higher heat resistance or greater strength, can therefore provide further differentiation of the products in the marketplace. 
  • Innovation in recycling and environmental performance for the EPP foam attracts ecologically sensitive consumers and industries. 
  • Solutions that will be made to conform to the particular needs of the customers-for example, the shape or the properties-raise competitiveness. 
  • Cost-effective solutions without quality compromise may increase the circle of customers and therefore be able to elevate market share, propelling the expanded polypropylene (EPP) foam market revenue. 
  • The companies that simplify operations and reduce waste will lower the cost of production and hence pass on the price advantage to end-users. 
  • Thus, products made to high safety standards and performance help in long-term durability and appeal to industries like automotive and construction. 
  • Stronger distribution channels and partnerships translate into wider market reach and accessibility. 
  • Understanding of local market dynamics and regulatory requirements helps them to better penetrate the market and engage with customers more effectively.

Key Demand Indicators of Global Expanded Polypropylene (EPP) Foam Market.

  • The demand for lightweight materials has increased over the past years in the automotive industry for increasing fuel efficiency and reducing emissions, thereby driving the demand for EPP foam.
  • A growing consumer preference toward materials that are sustainable and recyclable will contribute to the development of EPP foam packaging and consumer goods.
  • EPP foam can be used as thermal insulation in buildings owing to its properties. This, in turn, fosters this segment of EPP foam.
  • Protection packaging applications drive the usage of EPP foam owing to the impact resistance and recyclability it provides, aiding the growth of the expanded polypropylene (EPP) foam market.
  • Growth in e-commerce creates an increasing demand for efficient and environmentally friendly packing materials. 
  • New grades/formulations in EPP foam improve performance and thereby create new opportunities in the market.

Global Expanded Polypropylene [EPP] Foam Price Indicators

  • Fluctuations in crude oil prices impact the production lines of polypropylene and consequently brings about fluctuations in the prices of EPP foam. 
  • Technological changes and enhancement in the manufacturing process can reduce the cost of production and thereby impact prices.
  • The economies of scale allow companies to offer competitive pricing.
  • The other reason for competitive pricing strategies could be intense manufacturer competition to gain market share.
  • The environmental regulations will likely increase the cost of production and may be reflected in price.
  • When the demand is greater than supply, the prices rise. On the other hand, when supply exceeds demand, the price drops, affecting the expanded polypropylene (EPP) foam industry revenue. 
  • Supply chain disruptions and the shift in global trade policy are other factors that determine the pricing dynamics.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

In 2023, the global market for expanded polypropylene (EPP) foam attained a value of nearly USD 1.14 billion.

The market is projected to grow at a CAGR of 6% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 1.93 billion by 2032.

The major drivers of the market include the rapid emergence of consumer goods, expanding automotive industry, rising investments in manufacturing activities, growing awareness of environmental concerns, increasing demand for lightweight and fuel-efficient cars, and rising need for bio-based polypropylene foam.

The increased product penetration in several applications and rising demand for chemical and water-resistant materials in the packaging and consumer products industries are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on raw material, the market includes synthetic polypropylene and bio-based polypropylene.

The various forms of EPP foam in the market are fabricated EPP and moulded EPP, among others.

The major applications of the market are automotive, dunnage, furniture, food packaging, HVAC, sports and leisure, among others.

The major players in the industry are BASF SE, Engineered Foam Products, JSP, KK Nag Pvt. Ltd, and Knauf Industries, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Raw Material
  • Form
  • Application
  • Region
Breakup by Raw Material
  • Synthetic Polypropylene
  • Bio-based Polypropylene
Breakup by Form
  • Fabricated EPP
  • Moulded EPP
  • Others
Breakup by Application
  • Automotive
  • Dunnage
  • Furniture
  • Food Packaging
  • HVAC
  • Sports and Leisure
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE
  • Engineered Foam Products
  • JSP
  • KK Nag Pvt. Ltd
  • Knauf Industries
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124