Expanded Polypropylene (EPP) Foam Market

Introduction of the Expanded Polypropylene (EPP) Foam Market Report

Expanded Polypropylene (EPP) Foam is a highly versatile closed-cell bead foam that provides a unique range of properties. It possesses chemical characteristics such as outstanding energy absorption, multiple impact resistance, thermal insulation, buoyancy, resistant to water and chemicals, exceptionally high strength to weight ratio, and 100% recyclability. It is manufactured from polypropylene. EPP foam is extensively used in several applications such as furniture, dunnage, automotive, HVAC, food packaging, sports and leisure, and other applications.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global Expanded Polypropylene (EPP) Foam Market include its recyclable & reusable characteristics, low weight, and optimum performance. The increasing demand in applications, like packaging, consumer goods, and furniture, is expected to considerably impact the overall market growth during the forecast period. The increasing product application scope in various industry domains can be attributed to its superior qualities, such as durability, resistance to chemicals & water, thermal insulation, and recyclability. Moreover, rising investments in manufacturing activities across developed economies have resulted in the rise of automobile and consumer goods production. This, in turn, is expected to surge demand for Expanded Polypropylene (EPP) foam beads and molded products in the upcoming years. The growing demand for chemical- and water-proof materials in the packaging and consumer goods industries is expected to propel the product demand over the forecast period. The key raw material required for the production of EPP foam, i.e. propylene, is easily available in developed economies has helped the raw material supply in the global expanded polypropylene foam market.

Restraint in the Expanded Polypropylene (EPP) Foam Market

However, the price volatility related to this material is expected to affect the final product prices, hence restraining the growth of the Expanded Polypropylene (EPP) foam market.

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Type – Segment Analysis

Based on the Type, the Porous PP segment is expected to grow at a higher CAGR during the forecast period. Porous EPP is comprised of cylinder-shaped polypropylene beads, which adds air space between the beads in the final molded form, thus enhances beneficial acoustical insulating effects and reduces weight. EPP is commonly colored black for automotive applications, though it is often found in white for packaging products. It is available from some suppliers in vibrant colors suitable for a presentation-grade textured surface.

Application – Segment Analysis

Based on the Application, the Automotive segment is expected to grow at a higher CAGR during the forecast period. The automotive segment is one of the largest consumers of EPP foams. Demand for them has risen as European emissions have set stringent rules and regulations on recycling vehicles withdrawn from use. The application of EPP components in automobiles results in reducing overall weight of vehicle by up to 10%, thereby reducingl consumption by 7%. Electric Vehicles (EVs) is another factor driving the segment growth, in which EPP plays a prominent role on account of features offered like lightweight, excellent thermal insulation, and energy absorption. Door pads, headliners and mats made of EPP make it easier to maintain a constant air temperature in the cockpit and create ideal battery operating conditions.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. China is the remains the largest consumer and producer of EPP foam in the Asia-Pacific region. The rising demand for plastics and polymers in the region is due to expanding manufacturing units in the country, which is aiding to drive the market growth. China’s automotive industry has been shaping for product evolution, with the country focusing on manufacturing products, which emphasizes fuel economy and minimizes emissions, owing to the increasing environmental concerns. China entered the packaging industry lately as compared to other countries, which has grown to a large-scale industry over the decades. For instance, ChinaplasOnline.com, a technology-oriented and innovation-driven trade fair, offers brilliant opportunities for the packaging industry in the country. Furthermore, as the people’s living standard is continuously improving, they are becoming willing to invest in home interiors. Increasing purchasing power of the people has driven the furniture market to develop rapidly. Thus, the factors mentioned above are expected to drive the expanded polypropylene (EPP) foam market in the Asia-Pacific region through the forecast period.

Top Market Players

Various notable players operating in the market include JSP Corporation, BASF SE, KANEKA CORPORATION, DS Smith, Hanwha Corp., Furukawa Electric Co., Ltd., Sonoco Products Company, Knauf Gips KG, Izoblok, Armacell, among others. 

Key Developments:

• • In 2018, KANEKA CORPORATION announced the investment of USD 17 million to broaden the capacity for Eperan expanded PE and PP particle foams at its Westerlo site in Belgium. This expansion was undertaken due to the penetration of Eperan foam in Europe and other parts of the world. It is also expected to strengthen the company’s global supply network.
  • In 2017, KANEKA CORPORATION announced establishing a new manufacturing plant to produce expanded polyolefin foam in Rayong, Thailand. An investment of USD 18 million was made to make a production capacity of 3,000 metric tons per year to cater to the increasing demand in Southeast Asia and India.

Segments covered in the Report:

The global Expanded Polypropylene (EPP) Foam Market has been segmented on the basis of Type, Application, and regions. Based on Type, the market is segmented into Low Density, High Density and Porous PP. Based on Application, the market is segmented into Automotive, Packaging, Consumer Goods and Other. 

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Key questions answered in this research report:

• • At what pace is global Expanded Polypropylene (EPP) Foam Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Expanded Polypropylene (EPP) Foam Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Expanded Polypropylene (EPP) Foam Market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various Application areas of global Expanded Polypropylene (EPP) Foam Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	JSP Corporation, BASF SE, KANEKA CORPORATION, DS Smith, Hanwha Corp., Furukawa Electric Co., Ltd., Sonoco Products Company, Knauf Gips KG, Izoblok, Armacell, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Expanded Polypropylene (EPP) Foam Market by Type

• • Low Density
  • High Density
  • Porous PP

Global Expanded Polypropylene (EPP) Foam Market by Application

• • Automotive
  • Packaging
  • Consumer Goods
  • Other

Global Expanded Polypropylene (EPP) Foam Market by Region

• • North America Expanded Polypropylene (EPP) Foam Market (Option 1: As a part of the free 25% customization)
    • North America Expanded Polypropylene (EPP) Foam Market by Type
    • North America Expanded Polypropylene (EPP) Foam Market by Application
    • US Expanded Polypropylene (EPP) Foam Market All-Up
    • Canada Expanded Polypropylene (EPP) Foam Market All-Up
  • Europe Expanded Polypropylene (EPP) Foam Market (Option 2: As a part of the free 25% customization)
    • Europe Expanded Polypropylene (EPP) Foam Market by Type
    • Europe Expanded Polypropylene (EPP) Foam Market by Application
    • UK Expanded Polypropylene (EPP) Foam Market All-Up
    • Germany Expanded Polypropylene (EPP) Foam Market All-Up
    • France Expanded Polypropylene (EPP) Foam Market All-Up
    • Spain Expanded Polypropylene (EPP) Foam Market All-Up
    • Rest of Europe Expanded Polypropylene (EPP) Foam Market All-Up
  • Asia-Pacific Expanded Polypropylene (EPP) Foam Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Expanded Polypropylene (EPP) Foam Market by Type
    • Asia-Pacific Expanded Polypropylene (EPP) Foam Market by Application
    • China Expanded Polypropylene (EPP) Foam Market All-Up
    • India Expanded Polypropylene (EPP) Foam Market All-Up
    • Japan Expanded Polypropylene (EPP) Foam Market All-Up
    • Rest of APAC Expanded Polypropylene (EPP) Foam Market All-Up
  • RoW Expanded Polypropylene (EPP) Foam Market (Option 4: As a part of the free 25% customization)
    • RoW Expanded Polypropylene (EPP) Foam Market by Type
    • RoW Expanded Polypropylene (EPP) Foam Market by Application
    • Brazil Expanded Polypropylene (EPP) Foam Market All-Up
    • South Africa Expanded Polypropylene (EPP) Foam Market All-Up
    • Saudi Arabia Expanded Polypropylene (EPP) Foam Market All-Up
    • UAE Expanded Polypropylene (EPP) Foam Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Expanded Polypropylene (EPP) Foam Market All-Up

Major Players Operating in the Expanded Polypropylene (EPP) Foam Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • JSP Corporation
  • BASF SE
  • KANEKA CORPORATION
  • DS Smith
  • Hanwha Corp.
  • Furukawa Electric Co. Ltd.
  • Sonoco Products Company
  • Knauf Gips KG,
  • Izoblok
  • Armacell