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Base Year
Historical Year
Forecast Year
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.
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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.
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.
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.
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“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:
Based on form, the market can be segregated into:
Based on application, the market can be divided into:
Based on region, the mouth fresheners market segmentation includes:
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.
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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.
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.
*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.*
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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.
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.
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:
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Breakup by Raw Material |
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Breakup by Form |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
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
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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