The global expanded polypropylene (EPP) foam market is projected to reach a value of US$ 4,962.51 Mn in 2032, with the market growing at a prolific CAGR of 11.40% from the forecast period of 2022 to 2032. Predicted to reach an estimated US$ 1,685.9 Mn in 2022, the expanded polypropylene (EPP) foam market is driven by heightened demand from sectors like consumer goods, packaging, and furniture.
The increasing scope of expanded polypropylene (EPP) foam application such as the use of expanded polypropylene (EPP) foam sheets in a wide range of industries due to its superior properties will further propel the market growth.
Superior qualities of EPP foam like durability, recyclability, water and chemical resistance, thermal insulation, and others contribute to the extensive usage of EPP foam. With the growing usage of EPP foams in the automotive industry due to its effective tolerance and buoyancy coupled with the expansion of the same industry, the EPP foams market is expected to grow at a rapid growth rate.
Competitive Landscape
Furukawa Electric Co., Ltd, Knauf Industries, Dongshin Industry Inc., Kaneka Corporation, JSP Corporation, BASF SE, SSW Pearl Foam GmbH, Sonoco Products Company, Clark Foam, and Bradford Company among others are some of the major players in the expanded polypropylene (EPP) foam market profiled in the full version of the report.
Leading market players are keen on implementing better supply chain solutions. Incorporating an innovative value chain so as to continue their production without disruption is the primary focus of many businesses in the market.
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Key Segments in The Expanded Polypropylene (EPP) Foam Market
By Grade Type:
- Low Density
- High Density
- Porous PP
By Application:
- Automotive
- Industrial Packaging
- Consumer Products
- Building construction
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Key Takeaways:
- Rising demand for eco-friendly materials in the automobile sector will strengthen the market.
- High prices, strict regulations, and availability of substitutes may stunt the market growth.
- By product type, the high-density segment accounts for the highest revenue share.
- Application in the automotive industry will lead the market growth.
- The Asia Pacific region is expected to dominate the global market.
- Europe and North America will together hold about 35% of the total market share.
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