Expanded Polypropylene Foam Market Size, Share, Growth, Analysis Forecast to 2028

Expanded Polypropylene Foam Industry Overview

The global expanded polypropylene foam market size was valued at USD 936.8 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2028.

The increasing product penetration in applications, such as packaging, consumer goods, and furniture, is expected to have a significant impact on the overall market growth during the forecast years. The increasing product application scope in various industries can be attributed to its superior qualities, such as durability, chemical & water resistance, thermal insulation, and recyclability. Moreover, rising investments in manufacturing activities across major economies have resulted in an increased automobile and consumer goods production.

Gather more insights about the market drivers, restrains and growth of the Global Expanded Polypropylene Foam Market

This, in turn, is expected to drive the demand for Expanded Polypropylene (EPP) foam beads and molded products over the coming years. The growing demand for chemical- and water-resistant materials in the packaging and consumer goods industries is slated to propel product demand over the forecast period.

The easy availability of propylene, which is the key raw material used for the production of EPP foam, in major economies has helped strengthen the raw material supply in the global industry. However, the price volatility associated with this material is expected to affect the final product prices, thereby restraining market growth to some extent.

The global market is characterized by the presence of several large-, small-, and medium-sized companies, including raw material suppliers, manufacturers, fabricators, and distributors. The key players in the market, such as JSP Corporation and BASF SE, follow an integrated production chain, which results in barriers to entry for raw material suppliers as well as product manufacturers.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

• Polylactic Acid Market: The global polylactic acid market size was valued at USD 566.74 million in 2021 and is expected to advance at a compound annual growth rate (CAGR) of over 26.6% from 2022 to 2030.
• Medical Polymer Market: The global medical polymer market size was valued at USD 18.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.0% from 2022 to 2030.

Expanded Polypropylene Foam Market Segmentation

Grand View Research has segmented the global expanded polypropylene foam market on the basis of product, end-use, and region:

• Expanded Polypropylene (EPP) Foam Product Outlook (Volume, Tons; Revenue, USD Million, 2016 – 2028)
  • Low density
  • Medium density
  • High density
• Expanded Polypropylene (EPP) Foam End-use Outlook (Volume, Tons; Revenue, USD Million, 2016 – 2028)
  • Automotive
    • Bumpers
    • Roof pillars
    • Seat bracing
    • Armrests
    • Others
  • Packaging
    • Food Packaging
    • Non-food Packaging
  • Consumer goods
    • Electronics
    • Furniture
    • Toys & Sporting Goods
    • Others
  • Appliances
    • Kitchen Appliances
    • Non-Kitchen Appliances
  • Others
• Expanded Polypropylene (EPP) Foam Regional Outlook (Volume, Tons; Revenue, USD Million, 2016- 2028)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa (MEA)

Market Share Insights

• Mar 2020: Expanded Polypropylene (EPP) Foam Industry to 2025 – BASF, JSP, Hanwha Group, and IZOBLOK Account for Over ~85% of the Consildated World Market.

Key Companies profiled:

Some of the prominent companies in the global expanded polypropylene (EPP) foam market include:

• JSP Corp.
• BASF SE
• Kaneka Corp.
• DS Smiths plc
• Hanwha Corp.
• Furukawa Electric Co., Ltd.
• Sonoco Products Company
• Knauf Industries
• IZOBLOK
• Clark Foam Products Corp.
• Armacell International S.A.

 

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.