Global Expanded Polypropylene (Epp) Foam Market is Estimated to be Worth $1142 Mn in 2019 and is Projected to Reach $1917 Mn by 2027, at A CAGR of 5.5% From 2020 to 2027: Proficient Market
Proficient Market announces the release of the report “Global Expanded Polypropylene (Epp) Foam Market by Product Type (Low Density, High Density & Porous Polypropylene) and by End-Users/Application (Automotive, Packaging, Consumer Products & others) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 – 2027″ to its research database. This Expanded Polypropylene (Epp) Foam Market report analyzes the comprehensive overview of the market comprising an executive summary that covers core trends evolving in the market.
According to the report, Global Expanded Polypropylene (EPP) Foam Market in 2019 stood at USD 1142 million and is expected to reach USD 1917 million by 2027 growing at a CAGR of 5.5% from 2020 to 2027.
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Expanded Polypropylene (EPP) foam is a bead foam utilized for automotive and industrial packaging applications. They has unique properties such as thermal insulation, excellent energy absorption, chemical and water resistance, impact resistance. They are used mostly in industrial packaging owing to its cushioning capability and its flexibility offers excellent protection to complex shapes. While the foams are available in different densities called high density expanded polypropylene grade and low density expanded polypropylene grade depending on the application. High density expanded polypropylene grade foams are used in automotive applications such as passenger safety parts and automotive bumpers. Apart from this, Low-density foams are used in industrial packaging applications and medium-density expanded polypropylene grades are used in consumer products and furniture.
Expanded Polypropylene (EPP) Foam Market Key Players: The research study includes profiles of leading companies operating in the global expanded polypropylene foam market. Key players profiled in the report include:
Hanwha Chemical Corporation
Furukuwa Electric Co.
The Woodbridge Group
Sonoco Products Company
DS Smith Plc
SSW Pearl Foam GmbH
Dongshin Industry Inc
Kaneka Corporation made the investment of USD 17 million to expand the capacity for Eperan expanded Polyethylene and Polypropylene particle foams at its Westerlo site in Belgium. This expansion was undertaken for the penetration of Eperan foam in Europe and other parts of the world.
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Drivers for the Global Expanded Polypropylene (EPP) Foam Market: The rising awareness of environmental concerns and increasing demand for fuel efficient and light weight cars is the key driver for the growth of global expanded polypropylene foam market. There is an increase in production and consumption of automotive across the globe, which is boosting the global expanded polypropylene foam market growth. The recyclable and light weight properties of expanded polypropylene foam has enabled its application in wide range of industries such as packaging, aerospace, automotive etc. The excellent strength and light weight along with enhanced absorption properties has facilitated its use in automotive crash prone parts. The use of high density expanded polypropylene foam in heavy industrial packaging is driving the growth of global expanded polypropylene foam market.
Opportunities for the Global Expanded Polypropylene (EPP) Foam Market: The increasing penetration of the product in end-use industries such as packaging, consumer goods, and furniture is expected to have significant impact on the overall market for expanded polypropylene (EPP) foam during the forecast years. While the high investments in manufacturing activities across major economies have resulted in an increased automobile and consumer goods production, which in turn is expected to drive the market for EPP foam beads and moulded products over the coming years. Moreover, The increasing end-use scope of the product can be attributed to the superior product qualities such as durability, chemical and water resistance, thermal insulation, and recyclability. However, 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.
Restrains for the Global Expanded Polypropylene (EPP) Foam Market: Higher prices among other structural foams are the major restraint for the market. While the Rising demand for bio-based polypropylene foam is creating a negative impact at the growth of the market. Volatility in raw material prices and the prices of expanded polypropylene foam are the major restraints in the growth of this market. Thus all these factors are creating a negative impact at the growth of the expanded polypropylene market.
Region Wise, Global Expanded Polypropylene (EPP) Foam Market Analysis: Report covers the region wise analysis, global expanded polypropylene (EPP) foam market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global expanded polypropylene (EPP) foam market share followed by North America and Europe. While the Asia Pacific leads the global expanded polypropylene (EPP) foam market due to the increase in vehicle production in the region.
While the increase in production of light weight and premium vehicles in emerging countries such as China, India and Korea led to the growth of the market. However the expanded polypropylene applications in consumer products, building and construction and automotive components is boosting the growth of this market. However, The rising construction activities in this region is owing to the growth of expanded polypropylene foam market in the region. Moreover, rising industrialization and construction activities in this region is fueling the growth of the expanded polypropylene market.
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Global Expanded Polypropylene (EPP) Foam Market: Product analysis
Low Density Polypropylene
High Density Polypropylene
On the basis of type, porous Polypropylene accounted for largest share of total revenue generated. Because, Porous Polypropylene foam’s shape assists to add air space, thus making these foams lightweight. These foams are good in impact protection, highly durable & have high structural integrity. They are mainly utilized in the automotive industry for noise and vibration reduction. Car interior is the major application of porous Polypropylene foams that are mainly utilized in this application because of their feature of noise reduction.
Global Expanded Polypropylene (EPP) Foam Market: Application analysis
The demand of Global Expanded Polypropylene (EPP) Foam Market is highest from automotive, due lower costs, excellent mechanical properties, and moldability, expanded polypropylene foam is widely used in automotive parts. It helps in reduction of vehicle weight & assists by fuel saving. It also helps in minimizing the release of Volatile organic compounds from automotive interior parts. When expanded polypropylene foam is additionally incorporated with metals, a greater amount of energy is absorbed and distributed. These factors are supporting the construction of eco-friendly vehicles.
Global Expanded Polypropylene (Epp) Foam Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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