The expanded polypropylene (EPP) foam market is anticipated to flourish at a steady CAGR of 11.4% between 2023 and 2033. The market is expected to hold a market share of US$ 5.52 billion by 2033, while the market is likely to reach a value of US$ 1.87 billion in 2023.
| Attributes | Details |
|---|---|
| Expanded Polypropylene (EPP) Foam Market CAGR (2023 to 2033) | 11.4% |
| Expanded Polypropylene (EPP) Foam Market Size (2023) | US$ 1.87 billion |
| Expanded Polypropylene (EPP) Foam Market Size (2033) | US$ 5.52 billion |
It is anticipated that expanded polypropylene (EPP) foam is gaining wide adoption in the market, and it is witnessed that increasing product penetration in applications such as consumer goods, packaging, and furniture is likely to have a significant impact on the market expansion for this product.
The analysts at FMI have revealed that the increased scope of product application, like the expanded polypropylene (EPP) foam sheets in a diverse range of industries, can be attributed to the superior qualities of expanded polypropylene (EPP) foam. These EPP foam properties are chemical and water resistance, durability, thermal insulation, and recyclability.
Moreover, the manufacturers of expanded polypropylene (EPP) foam are increasingly making investments across leading economies, which has raised consumer and automobile goods production. Therefore, it is anticipated that the expanded polypropylene (EPP) foam market is likely to have substantial growth over the forecast period.
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As per the statistics identified by FMI, the sales of expanded polypropylene (EPP) foam have recorded a CAGR of 6.3% in the base year. The forum has witnessed a substantial rise in the adoption of expanded polypropylene (EPP) foam in the past few years.
The market has been gaining impetus due to the growing requirement for energy management materials or shock absorbers for door panels, seats, bumpers, roof liners, and other necessary parts required for manufacturing automotive. The gradual rise in market share of expanded polypropylene (EPP) foam in the past few years has risen as end-use industries are looking for efficient economic solutions that lower carbon emissions and minimize waste generation. This, in turn, helps the industries save the cost of waste treatment and disposal.
The rapid surge in the production of automobiles and consumer goods warrants an increase in demand for expanded polypropylene (EPP) foam products. Expanded polypropylene (EPP) foam is highly used for protective applications in electronics and other items and is anticipated to unlock robust commercial potential in the upcoming years.
It has been identified that expanded polypropylene (EPP) foam helps to save the foam up to 7%, and it reduces the weight of the vehicles, improving the body balance and aerodynamics of the automotive, which is why manufacturers in the automotive industry are inclining more toward the usage of EPP in large scale.
Furthermore, expanded polypropylene (EPP) is helping in mitigating the release of VOC emissions from vehicles and spare parts, thereby establishing momentum with the growing trend of adopting eco-friendly vehicles, coupled with compatibility and usefulness.
Principal Consultant
The experts at Future Market Insights have analyzed the market and identified that several aspects fuel the market growth of expanded polypropylene (EPP) foam. They are:
Although expanded polypropylene (EPP) foams have a wide application in the electronics, packaging, and construction sectors, it is anticipated that certain factors are likely to curb the expansion of the expanded polypropylene (EPP) foam market and pose a threat to the growth of expanded polypropylene (EPP) foam. They are:
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| Countries | Revenue Share % (2022) |
|---|---|
| United States | 16.7% |
| Germany | 13.1% |
| Japan | 7.6% |
| Australia | 4.3% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 12.3% |
| India | 13.1% |
| United Kingdom | 6.7% |
| Region | Asia Pacific |
|---|---|
| Dominating Country | Japan |
| Responsible Factors | The Asia Pacific is projected to dominate the overall market due to rising product demand in key end-use verticals. Revenue share of APAC region in 2022– 52% It is anticipated that the growth of the following sectors in Japan is fueling the market size of the expanded polypropylene (EPP) foam market in Japan:
|
| Region | North America |
|---|---|
| Dominating Country | United States |
| Responsible Factors | The growing use of protective and flexible packaging solutions across the end-use verticals in North America is growing the market size for EPP foams in this region. There is an increasing importance of custom packaging solutions in the United States for the following:
|
| Region | Europe |
|---|---|
| Dominating Country | Germany |
| Responsible Factors | In amalgamation with the North American market, it is projected that Europe is accountable for 35% of the total market share for expanded polypropylene (EPP) foam. Germany has lucrative growth opportunities owing to the recovery of the automobile industry and the country's rapidly emerging consumer goods industry. The consumer product segment majorly uses EPP foam for the following:
|
| Category | By Grade Type |
|---|---|
| Leading Segment | High Density |
| Market Share (2022) | 50.0% |
| Category | By Application |
|---|---|
| Leading Segment | Automotive |
| Market Share (2022) | 40.0% |
High-density Product Segment - By Product Type
The high-density product segment accounted for the highest revenue share in recent years. It has been projected that this held more than 50% revenue share in 2022 and is likely to have the fastest CAGR during the period 2023 to 2033.
It is anticipated by the analysts of FMI that high-density expanded polypropylene (EPP) foam is likely to gain 1.6X growth with a current market share of more than 53%.
The medium-density product segment is expected to register the second-fastest growth rate owing to the increasing use of the product in consumer goods like toys, appliances, and more. It is projected that medium-density EPP foam may grow at a dexterous growth rate of more than 6.5 % throughout the forecast period.
Automotive Industry - By Application
It was identified during analyzing the expanded polypropylene (EPP) foam market that the automotive industry accounted for the largest revenue share during the base year. This segment alone represented over 40.0% of the total revenue in 2022.
The automotive industry uses a significant amount of EPP foam on the floor, door panels, seats, and bumpers for acoustic management, thermal insulation, and impact absorption. The growing importance of reducing overall vehicle weight to improve fuel economy is expected to drive the product demand in the automotive segment over the forecast period.
Furthermore, the rising use of noise reduction and vehicle interiors is expected to witness high growth in developing countries and is therefore bolstering the demand for EPP In the global market.
New Entrants and Their Contribution is Stoking Up the Expanded Polypropylene (EPP) Foam Market
The start-ups in the expanded polypropylene (EPP) foam are making continuous efforts to cost-effective and more durable EPP foam for packaging purposes and to meet the needs of the end-use industries. They are indulging in collaborations and making investments in research and development activities to further boost the demand for expanded polypropylene (EPP) foam.
Top Start-ups and Their Take on the EPP Market
Zhejiang Shuntai - This start-up specializes in producing and selling foaming agents. This firm processes and improvises X125 and mainly utilizes it for foaming PVC materials, and it can also be used for foaming different plastics and rubbers. The start-up revealed that it is more effective with AC foaming agents and can make the product cells more uniform.
Sulzer and Borealis - Sulzer has developed an extrusion process that enables industrial expanded polypropylene (EPP) foam molders to launch their own EPP production by developing their proprietary formulations and Borealis PP resin as raw material. The specialty of their products is a high toughness, good thermal insulation properties, high-temperature resistance, high moisture- and chemical resistance, adjustable bulk density from 25 g/l to 150 g/l, and bead sizes in the range of 3 to 5mm.
How are Key Market Players Maneuvering the Expanded Polypropylene (EPP) Foam Market?
The key market players in the expanded polypropylene (EPP) foam market are assessing better solutions in the supply chain, which can maintain business continuity without disruption. Moreover, key players are planning to implement an innovative value chain to continue their production without interruption in the face of the challenging scenarios of high costs and government regulations.
Recent Developments
The expanded polypropylene (EPP) foam market holds a valuation of US$ 1.87 billion in 2023.
The projected value of the expanded polypropylene (EPP) foam market is estimated to attain US$ 5.52 billion by 2033.
The expanded polypropylene (EPP) foam market is anticipated to register a CAGR of 11.4% through 2033.
India holds high lucrativeness for expanded polypropylene (EPP) foams.
The expanded polypropylene (EPP) foam market exhibited a CAGR of 6.3% between 2018 and 2022.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Grade Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Grade Type, 2023 to 2033
5.3.1. Low Density
5.3.2. High Density
5.3.3. Porous PP
5.4. Y-o-Y Growth Trend Analysis By Grade Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Grade Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Automotive
6.3.2. Industrial Packaging
6.3.3. Consumer Products
6.3.4. Building & construction
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Grade Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Grade Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Grade Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Grade Type
9.3.3. By Application
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Grade Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Grade Type
10.3.3. By Application
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Grade Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Grade Type
11.3.3. By Application
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Grade Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Grade Type
12.3.3. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Grade Type
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Grade Type
13.3.3. By Application
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Grade Type
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Grade Type
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Grade Type
15.1.2.2. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Grade Type
15.2.2.2. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Grade Type
15.3.2.2. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Grade Type
15.4.2.2. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Grade Type
15.5.2.2. By Application
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Grade Type
15.6.2.2. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Grade Type
15.7.2.2. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Grade Type
15.8.2.2. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Grade Type
15.9.2.2. By Application
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Grade Type
15.10.2.2. By Application
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Grade Type
15.11.2.2. By Application
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Grade Type
15.12.2.2. By Application
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Grade Type
15.13.2.2. By Application
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Grade Type
15.14.2.2. By Application
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Grade Type
15.15.2.2. By Application
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Grade Type
15.16.2.2. By Application
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Grade Type
15.17.2.2. By Application
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Grade Type
15.18.2.2. By Application
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Grade Type
15.19.2.2. By Application
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Grade Type
15.20.2.2. By Application
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Grade Type
15.21.2.2. By Application
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Grade Type
15.22.2.2. By Application
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Grade Type
15.23.2.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Grade Type
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Furukawa Electric Co., Ltd
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Knauf Industries
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Dongshin Industry Inc.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Kaneka Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. JSP Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. BASF SE
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. SSW Pearl Foam GmbH
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Sonoco Products Company
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Clark Foam
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Bradford Company
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Expanded Polypropylene (EPP) Foam Market
