Expanded Polypropylene (EPP) Foam Market Forecasts to 2028 – Global Analysis By Form (Fabricated Expanded Polypropylene (EPP), Molded Expanded Polypropylene (EPP)), Type, Raw Material, End User and By Geography
According to Stratistics MRC, the Global Expanded Polypropylene (EPP) Foam Market is accounted for $1165.17 million in 2020 and is expected to reach $1972.24 million by 2028 growing at a CAGR of 6.8% during the forecast period. Optimum performance and low weight of EPP foam, recyclable & reusable properties, and growing demand from end-use industries are the major factors propelling the market growth. However, volatile raw material prices and less awareness among consumers are hampering the market growth.
Expanded Polypropylene (EPP) Foam is highly versatile closed-cell bead foam that provides a unique range of properties, including impact resistance, outstanding energy absorption, multiple thermal insulation, buoyancy, water and chemical resistance, exceptionally high strength to weight ratio and 100% recyclability. EPP can be made in a wide range of densities, from 15 to 200 grams per litre, which are transformed by moulding into densities ranging from 18 to 260 grams per litre. Individual beads are fused into final product form by the steamchest moulding process resulting in a strong and lightweight shape.
Based on type, the medium density segment is going to have a lucrative growth during the forecast period owing to the increasing use of the product in consumer goods, such as electronics, toys, and appliances. The fast-emerging consumer goods industry in major economies across the globe is expected to drive the segment growth over the forecast years. The segment is estimated to have a high growth potential in Asia Pacific, Europe, and North America, mainly as a result of the rapid expansion of the consumer goods industry in these regions. Moreover, rising consumer disposable income levels in these regions are expected to have a positive impact on the consumer goods demand, thereby supporting the segment growth.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increased product demand in key end-use verticals, such as consumer goods and packaging. The rapidly-growing automotive industry in the region is expected to drive the product demand over the forecast period. Many EPP foam manufacturers are setting up or expanding their manufacturing bases in this region to take advantage of the low manufacturing cost.
Some of the key players profiled in the Expanded Polypropylene (EPP) Foam Market include Armacell International S.A, Automa Multi Styrene (PTY) LTD, 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, Package Design & Manufacturing Inc., Polyfoam Australia Pty Ltd, Sonoco Products Company, and Woodbridge.
Estimated Market Size in 2020:
USD 1,165.17 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,972.24 million
Tables, Graphs& Figures
Form, Type, Raw Material, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Fabricated Expanded Polypropylene (EPP)
• Molded Expanded Polypropylene (EPP)
• Low Density
• High Density
• Porous Polypropylene (PP)
• Medium Density
Raw Materials Covered:
• Bio-based Polypropylene
• Synthetic Polypropylene
End Users Covered:
• Consumer Goods
• Heating, Ventilation, and Air Conditioning (HVAC)
• Sports and Leisure
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 2025, and 2028
- 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
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Expanded Polypropylene (EPP) Foam Market is majorly driven by increasing product application scope in various industries and rising investments in manufacturing activities across major economies.
The medium density segment is growing at a highest CAGR owing to the increasing use of the product in consumer goods, such as electronics, toys, and appliances.
Asia Pacific dominated with a significant market share due to the factors such as rapidly-growing automotive industry and increased product demand in key end-use verticals across the region.
Europe market is growing at a highest CAGR owing to the recovering automobile industry and rapidly-emerging consumer goods industry in the region.
Key players in Expanded Polypropylene (EPP) Foam Market include Armacell International S.A, Automa Multi Styrene (PTY) LTD, 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, Package Design & Manufacturing Inc., Polyfoam Australia Pty Ltd, Sonoco Products Company, and Woodbridge.
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