Expanded Polypropylene Epp Foam Market
Expanded Polypropylene (EPP) Foam Market Forecasts to 2030 - Global Analysis By Form (Molded Expanded Polypropylene (EPP) and Fabricated Expanded Polypropylene (EPP)), Type (Porous Polypropylene (PP), Medium Density and High Density), Raw Material, End User and By Geography
According to Stratistics MRC, the Global Expanded Polypropylene (EPP) Foam Market is accounted for $1500.63 million in 2024 and is expected to reach $2489.14 million by 2030 growing at a CAGR of 8.8% during the forecast period. Expanded Polypropylene (EPP) foam is highly versatile closed-cell bead foam known for its exceptional energy absorption, impact resistance, and buoyancy. It is lightweight, flexible, and resistant to water, chemicals, and oils. EPP foam is widely used in various applications, including automotive components, packaging, sports equipment, and consumer products, due to its durability and ability to retain its shape after multiple impacts.
Market Dynamics:
Driver:
Optimum performance and low weight of EPP Foam
Expanded polypropylene (EPP) foam drivers are highly valued in the EPP foam market for their optimal performance and low weight. These drivers combine excellent energy absorption with outstanding impact resistance, making them ideal for automotive, packaging, and consumer goods applications. EPP foam's lightweight nature contributes to fuel efficiency in vehicles and reduces shipping costs in packaging. Additionally, the material's resilience and ability to maintain performance over a wide temperature range enhance its appeal. EPP foam is also recyclable and environmentally friendly, further driving its popularity in various industries.
Restraint:
Less awareness about EPP foam
Less awareness about EPP foam restraint in the Expanded Polypropylene (EPP) foam market stems from several factors. Many potential users and industries are not fully aware of the unique benefits of EPP foam, such as its exceptional energy absorption, durability, and recyclability. Additionally, there is a lack of widespread educational initiatives and marketing efforts to highlight these advantages. This gap in knowledge can hinder the adoption of EPP foam, as decision-makers may opt for more familiar materials despite EPP foam's superior performance characteristics.
Opportunity:
Growing demand for EPP foam in end-use industries
The growing demand for expanded polypropylene (EPP) foam in end-use industries presents a significant market opportunity. EPP foam's lightweight, durable, and recyclable nature makes it highly sought after in the automotive, packaging, consumer goods, and construction sectors. In automotive, it contributes to fuel efficiency and safety due to its energy absorption properties. The packaging industry benefits from its protective qualities and environmental friendliness. Additionally, consumer electronics and appliance markets are increasingly adopting EPP foam for its cushioning and thermal insulation properties. As sustainability and performance standards rise, the versatility and eco-friendly attributes of EPP foam drive its expanding market potential.
Threat:
Volatility in raw material prices
Volatility in raw material prices poses a significant threat to the Expanded Polypropylene (EPP) foam market. EPP foam production relies heavily on polypropylene resin, which is derived from petroleum. Fluctuations in crude oil prices directly impact the cost of polypropylene, causing price instability. This unpredictability makes it challenging for manufacturers to maintain consistent production costs and profit margins. Additionally, supply chain disruptions and geopolitical factors can further exacerbate raw material price volatility, leading to increased operational risks and financial uncertainty for companies in the EPP foam market.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Expanded Polypropylene (EPP) Foam market. Supply chain disruptions due to lockdowns and restrictions led to a shortage of raw materials and delays in production. Additionally, decreased demand from key industries such as automotive and construction during the early phases of the pandemic caused a temporary dip in market growth. However, the market saw a rebound as EPP foam's applications in packaging, healthcare, and personal protective equipment (PPE) gained prominence. The increased focus on hygiene and safety spurred demand for EPP foam in medical packaging and other protective uses, contributing to the market's recovery and growth post-pandemic.
The Synthetic Polypropylene segment is expected to be the largest during the forecast period
The synthetic polypropylene segment is experiencing significant growth within the Expanded Polypropylene (EPP) foam market due to its versatile applications and superior properties. EPP foam, known for its lightweight, impact resistance, and thermal insulation, is increasingly used in the automotive, packaging, and consumer goods sectors. The demand for synthetic polypropylene is driven by the automotive industry's focus on weight reduction and energy efficiency, as well as the packaging industry's need for durable and protective materials.
The Packaging segment is expected to have the highest CAGR during the forecast period
The packaging segment of the Expanded Polypropylene (EPP) foam market is experiencing significant growth due to its exceptional properties such as lightweight, durability, and excellent cushioning. EPP foam's ability to absorb shock and resist multiple impacts makes it ideal for protecting delicate and high-value items during transportation. Additionally, the material's recyclability and sustainability appeal to eco-conscious consumers and companies. With increasing demand in the e-commerce and logistics sectors, driven by a surge in online shopping, the need for effective packaging solutions is propelling the expansion of EPP foam usage in this segment.
Region with largest share:
The North American region has witnessed significant growth in the Expanded Polypropylene (EPP) Foam market, driven by rising demand across various industries such as automotive, packaging, and consumer goods. EPP foam's lightweight, recyclable, and energy-absorbing properties make it an attractive material for automotive applications, particularly in safety and fuel efficiency enhancements. Additionally, the increasing emphasis on sustainable and eco-friendly materials has bolstered their adoption in packaging solutions. Technological advancements and investments in research and development have further propelled market expansion, positioning North America as a key player in the global EPP foam industry.
Region with highest CAGR:
The Asia-Pacific region has witnessed significant growth in the Expanded Polypropylene (EPP) Foam market due to several factors. Rising demand across diverse industries, such as automotive, packaging, and consumer goods, has been a major driver. Additionally, the region's burgeoning manufacturing sector, coupled with increasing disposable income and urbanization, has fueled the demand for lightweight and durable materials like EPP foam. Moreover, the growing awareness regarding the benefits of EPP foam, such as its recyclability and impact resistance, has further propelled its adoption.
Key players in the market
Some of the key players in Expanded Polypropylene (EPP) Foam market include Armacell International S.A, BASF SE, Chemische Fabrik Budenheim KG, Clark Foam Products Corp, Dongshin Industry Inc, DS Smiths plc, Furukawa Electric Co., Ltd., Hanwha Chemical Corporation, IZOBLOK, JSP Corporation, Kaneka Corporation, Knauf Industries, Signode, Sonoco Products Company and Woodbridge.
Key Developments:
In May 2024, BASF is introducing Aramax™ Intrinsic® brand fungicide, a dual-active fungicide that delivers broad-spectrum control of 26 cool- and warm-season turf diseases, like snow mold, large patch, brown patch and dollar spot on golf course fairways. Aramax Intrinsic brand fungicide combines the strength of two powerful active ingredients, pyraclostrobin and triticonazole, for long-lasting residual disease control up to 28 days.
In April 2024, Kaneka Corporation has announced that its ""Green Planet foam molded product"" using KANEKA Biodegradable Polymer Green PlanetTM (hereinafter ""Green Planet"") has been adopted by Sony Corporation as a cushioning material for its large-screen televisions. The material will be used for 85-inch BRAVIATM television to be released this summer*1. To ensure shock resistance for large, heavy televisions during transportation, a certain level of strength and durability is required.
Forms Covered:
• Molded Expanded Polypropylene (EPP)
• Fabricated Expanded Polypropylene (EPP)
Types Covered:
• Porous Polypropylene (PP)
• Medium Density
• Low Density
• High Density
Raw Materials Covered:
• Synthetic Polypropylene
• Bio-based Polypropylene
End Users Covered:
• Appliances
• Consumer Goods
• Heating, Ventilation, and Air Conditioning (HVAC)
• Dunnage
• Furniture
• Packaging
• Automotive
• Sports and Leisure
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Expanded Polypropylene (EPP) Foam Market, By Form
5.1 Introduction
5.2 Molded Expanded Polypropylene (EPP)
5.3 Fabricated Expanded Polypropylene (EPP)
6 Global Expanded Polypropylene (EPP) Foam Market, By Type
6.1 Introduction
6.2 Porous Polypropylene (PP)
6.3 Medium Density
6.4 Low Density
6.5 High Density
7 Global Expanded Polypropylene (EPP) Foam Market, By Raw Material
7.1 Introduction
7.2 Synthetic Polypropylene
7.3 Bio-based Polypropylene
8 Global Expanded Polypropylene (EPP) Foam Market, By End User
8.1 Introduction
8.2 Appliances
8.2.1 Kitchen Appliances
8.2.2 Non-Kitchen Appliances
8.3 Consumer Goods
8.3.1 Electronics
8.3.2 Toys & Sporting Goods
8.4 Heating, Ventilation, and Air Conditioning (HVAC)
8.5 Dunnage
8.6 Furniture
8.7 Packaging
8.7.1 Food Packaging
8.7.2 Non-food Packaging
8.8 Automotive
8.8.1 Armrests
8.8.2 Bumpers
8.8.3 Roof Pillars
8.8.4 Seat Bracing
8.9 Sports and Leisure
9 Global Expanded Polypropylene (EPP) Foam Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Armacell International S.A
11.2 BASF SE
11.3 Chemische Fabrik Budenheim KG
11.4 Clark Foam Products Corp
11.5 Dongshin Industry Inc
11.6 DS Smiths plc
11.7 Furukawa Electric Co., Ltd.
11.8 Hanwha Chemical Corporation
11.9 IZOBLOK
11.10 JSP Corporation
11.11 Kaneka Corporation
11.12 Knauf Industries
11.13 Signode
11.14 Sonoco Products Company
11.15 Woodbridge
List of Tables
1 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Region (2022-2030) ($MN)
2 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Form (2022-2030) ($MN)
3 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Molded Expanded Polypropylene (EPP) (2022-2030) ($MN)
4 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Fabricated Expanded Polypropylene (EPP) (2022-2030) ($MN)
5 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Type (2022-2030) ($MN)
6 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Porous Polypropylene (PP) (2022-2030) ($MN)
7 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Medium Density (2022-2030) ($MN)
8 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Low Density (2022-2030) ($MN)
9 Global Expanded Polypropylene (EPP) Foam Market Outlook, By High Density (2022-2030) ($MN)
10 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Raw Material (2022-2030) ($MN)
11 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Synthetic Polypropylene (2022-2030) ($MN)
12 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Bio-based Polypropylene (2022-2030) ($MN)
13 Global Expanded Polypropylene (EPP) Foam Market Outlook, By End User (2022-2030) ($MN)
14 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Appliances (2022-2030) ($MN)
15 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Kitchen Appliances (2022-2030) ($MN)
16 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Non-Kitchen Appliances (2022-2030) ($MN)
17 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Consumer Goods (2022-2030) ($MN)
18 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Electronics (2022-2030) ($MN)
19 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Toys & Sporting Goods (2022-2030) ($MN)
20 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Heating, Ventilation, and Air Conditioning (HVAC) (2022-2030) ($MN)
21 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Dunnage (2022-2030) ($MN)
22 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Furniture (2022-2030) ($MN)
23 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Packaging (2022-2030) ($MN)
24 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Food Packaging (2022-2030) ($MN)
25 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Non-food Packaging (2022-2030) ($MN)
26 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Automotive (2022-2030) ($MN)
27 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Armrests (2022-2030) ($MN)
28 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Bumpers (2022-2030) ($MN)
29 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Roof Pillars (2022-2030) ($MN)
30 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Seat Bracing (2022-2030) ($MN)
31 Global Expanded Polypropylene (EPP) Foam Market Outlook, By Sports and Leisure (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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