Global Expanded Polypropylene (EPP) Foam Market Analysis & Trends - Industry Forecast to 2028
Expanded Polypropylene (EPP) Foam: Market Size
From $1,253.00 million in 2020, the global Expanded Polypropylene (EPP) Foam market is projected to reach $2,201.65 million by 2028. Based on our analysis the market is expected to grow at a CAGR of 7.3% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include, increasing demand from automotive industry, investments in emerging economies and increasing usage of electric cars.
Global Expanded Polypropylene (EPP) Foam Market: Market Dynamics
The increasing product penetration in various applications, such as consumer goods, packaging, and furniture, is expected to have a substantial impact on the overall market growth during the forecast years. Furthermore, growth in investments in manufacturing activities across major economies have resulted in a rise in automobile and consumer goods production which in turn led to the growth of the market.
The growing scope for the application of products across several industries can be attributed to the superior qualities of EPP foam, such as chemical & water resistance, durability, recyclability and thermal insulation.
However, the volatility of raw material prices are likely to obstruct the profit boundaries. In addition, optimum performance and low weight of EPP Foam and recyclable & reusable properties of EPP foam will further boost for the expanded polypropylene (EPP) foam market.
Impact of COVID-19 on Expanded Polypropylene (EPP) Foam
The market was undesirably impacted due to COVID-19 in 2020. Owing to scenario of the global pandemic, majority of countries across the globe underwent a lockdown to curb the spread of the virus. The disruptions of supply and demand chain due to lockdowns being practiced had severe effects on the demand for expanded polypropylene (EPP) foam from various applications such as food packaging, automotive, and furniture among others. However, the condition is expected to restore stability in 2021, which is expected to reestablish the growth trajectory of market studied over the forecast period.
By Type
High Density Segment Dominate the Market in 2020
The high density segment made huge revenue in 2020 and growing its prominence during the forecast period. This high growth can be attributed to the rapid expansion of the automotive industry in key economies, such as India, China, Germany, and South Korea, with greater product usage for passenger safety and noise, vibration, and harshness (NVH) reduction applications.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific is likely to have a huge demand in the forecast period. The region is expected to offer substantial opportunities for the EPP foam manufacturers in the approaching years. Many EPP foam manufacturers are either setting up manufacturing units or expanding their existing manufacturing bases in this region to take advantage of the low manufacturing cost.
List of the Key Players Profiled in the Market Include:
• BASF SE
• ACH foam Technologies
• Bradford Company
• Clark Foam
• Dongguan City Prosperous Mass Poly Foam Co.Ltd
• Dongshin Industry Inc.
• DS Smith Plastics
• Eurofoam Group
• Furukawa Electric Co., Ltd
• Hanwha Corporation
• JSP Corporation
• Kaneka Corporation
• Knauf Industries
• Marko Foam Products, Inc.
• Paracoat Products Limited
List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others
- 1 Market Outline
- 1.1 Definition
- 1.2 Market Segmentation & Scope
- 1.3 Market Trends
- 1.4 Regulatory Factors
- 1.5 Application Analysis
- 1.6 Strategic Benchmarking
- 1.7 Opportunity Analysis
- 2 Executive Summary
- 3 Research Methodology and Data Source
- 3.1 Methodology/Research Approach
- 3.1.1 Research Programs/Design
- 3.1.2 Market Size Estimation
- 3.2 Data Source and Assumptions
- 3.2.1 Purchased Database
- 3.2.2 Company Repository
- 3.2.3 Secondary Sources
- 3.2.4 Primary Research
- 3.2.5 List of Assumptions
- 4 Market Overview
- 4.1 Current Trends
- 4.1.1 Increasing Demand from Automotive Industry
- 4.1.2 Investments in Emerging Economies
- 4.1.3 Increasing Usage of Electric Cars
- 4.1.4 Growth Opportunities/Investment Opportunities
- 4.2 Drivers
- 4.3 Constraints
- 4.4 Impact of COVID-19
- 5 Market Factor Analysis
- 5.1 Porters Five Forces
- 5.1.1 Bargaining power of suppliers
- 5.1.2 Bargaining power of buyers
- 5.1.3 Threat of substitutes
- 5.1.4 Threat of new entrants
- 5.4.5 Competitive rivalry
- 5.2 Value Chain Analysis/Supply Chain Analysis
- 6 Consumer behaviour analysis/Consumer Research
- 6.1 Consumer trends and preferences
- 6.2 Factors affecting buying decision
- 6.3 Consumer product adoption
- 6.4 Observation & Recommendations
- 7 Expanded Polypropylene (EPP) Foam Market, By Type
- 7.1 Low Density
- DATA TABLE Low Density Market Forecast to 2028 (US$ MN)
- 7.2 High Density
- DATA TABLE High Density Market Forecast to 2028 (US$ MN)
- 7.3 Medium Density/Porous Polypropylene (PP)
- DATA TABLE Medium Density/Porous Polypropylene (PP) Market Forecast to 2028 (US$ MN)
- 8 Expanded Polypropylene (EPP) Foam Market, By Raw Material Type
- 8.1 Bio-Based Polypropylene
- DATA TABLE Bio-Based Polypropylene Market Forecast to 2028 (US$ MN)
- 8.2 Synthetic Polypropylene
- DATA TABLE Synthetic Polypropylene Market Forecast to 2028 (US$ MN)
- 9 Expanded Polypropylene (EPP) Foam Market, By Form
- 9.1 Fabricated EPP
- DATA TABLE Fabricated EPP Market Forecast to 2028 (US$ MN)
- 9.2 Molded EPP
- DATA TABLE Molded EPP Market Forecast to 2028 (US$ MN)
- 10 Expanded Polypropylene (EPP) Foam Market, By Process
- 10.1 Melt-State Processing
- DATA TABLE Melt-State Processing Market Forecast to 2028 (US$ MN)
- 10.2 Solid-State Processing
- DATA TABLE Solid-State Processing Market Forecast to 2028 (US$ MN)
- 11 Expanded Polypropylene (EPP) Foam Market, By Material
- 11.1 Complex Shapes
- DATA TABLE Complex Shapes Market Forecast to 2028 (US$ MN)
- 11.2 Electrostatic Discharge Protection
- DATA TABLE Electrostatic Discharge Protection Market Forecast to 2028 (US$ MN)
- 11.3 Flame Retardant
- DATA TABLE Flame Retardant Market Forecast to 2028 (US$ MN)
- 11.4 Low Stick/Low Slip
- DATA TABLE Low Stick/Low Slip Market Forecast to 2028 (US$ MN)
- 11.5 Porus
- DATA TABLE Porus Market Forecast to 2028 (US$ MN)
- 11.6 Recycled
- DATA TABLE Recycled Market Forecast to 2028 (US$ MN)
- 12 Expanded Polypropylene (EPP) Foam Market, By Application
- 12.1 Automotive
- DATA TABLE Automotive Market Forecast to 2028 (US$ MN)
- 12.1.1 Armrests
- DATA TABLE Armrests Market Forecast to 2028 (US$ MN)
- 12.1.2 Bumpers
- DATA TABLE Bumpers Market Forecast to 2028 (US$ MN)
- 12.1.3 Door Panels
- DATA TABLE Door Panels Market Forecast to 2028 (US$ MN)
- 12.1.4 Roof Pillars
- DATA TABLE Roof Pillars Market Forecast to 2028 (US$ MN)
- 12.1.5 Seat Bracing
- DATA TABLE Seat Bracing Market Forecast to 2028 (US$ MN)
- 12.1.6 Seats
- DATA TABLE Seats Market Forecast to 2028 (US$ MN)
- 12.1.7 Stowage System
- DATA TABLE Stowage System Market Forecast to 2028 (US$ MN)
- 12.1.8 Tool Kits
- DATA TABLE Tool Kits Market Forecast to 2028 (US$ MN)
- 12.2 Packaging
- DATA TABLE Packaging Market Forecast to 2028 (US$ MN)
- 12.2.1 Food Packaging
- DATA TABLE Food Packaging Market Forecast to 2028 (US$ MN)
- 12.2.2 Non-Food Packaging
- DATA TABLE Non-Food Packaging Market Forecast to 2028 (US$ MN)
- 12.3 Consumer Goods
- DATA TABLE Consumer Goods Market Forecast to 2028 (US$ MN)
- 12.3.1 Electronics
- DATA TABLE Electronics Market Forecast to 2028 (US$ MN)
- 12.3.2 Furniture
- DATA TABLE Furniture Market Forecast to 2028 (US$ MN)
- 12.3.3 Textile
- DATA TABLE Textile Market Forecast to 2028 (US$ MN)
- 12.3.4 Toys & Sporting Goods
- DATA TABLE Toys & Sporting Goods Market Forecast to 2028 (US$ MN)
- 12.4 Acoustic
- DATA TABLE Acoustic Market Forecast to 2028 (US$ MN)
- 12.5 Building & Construction
- DATA TABLE Building & Construction Market Forecast to 2028 (US$ MN)
- 12.6 Digital & Technical
- DATA TABLE Digital & Technical Market Forecast to 2028 (US$ MN)
- 12.7 Dunnage
- DATA TABLE Dunnage Market Forecast to 2028 (US$ MN)
- 12.8 Heating, Ventilation, and Air Conditioning (HVAC)
- DATA TABLE Heating, Ventilation, and Air Conditioning (HVAC) Market Forecast to 2028 (US$ MN)
- 12.9 Oil & Gas
- DATA TABLE Oil & Gas Market Forecast to 2028 (US$ MN)
- 12.10 Chemical Industries
- DATA TABLE Chemical Industries Market Forecast to 2028 (US$ MN)
- 12.11 Appliances
- DATA TABLE Appliances Market Forecast to 2028 (US$ MN)
- 12.11.1 Kitchen Appliances
- DATA TABLE Kitchen Appliances Market Forecast to 2028 (US$ MN)
- 12.11.2 Non-Kitchen Appliances
- DATA TABLE Non-Kitchen Appliances Market Forecast to 2028 (US$ MN)
- 13 Expanded Polypropylene (EPP) Foam Market, By Geography
- 13.1 North America
- DATA TABLE North America Market Forecast by Countries to 2028 (US$ MN)
- 13.1.1 US
- 13.1.2 Canada
- 13.1.3 Mexico
- 13.2 Europe
- DATA TABLE Europe Market Forecast by Countries to 2028 (US$ MN)
- 13.2.1 Germany
- 13.2.2 U.K
- 13.2.3 Italy
- 13.2.4 France
- 13.2.5 Spain
- 13.2.6 Rest of Europe
- 13.3 Asia Pacific
- DATA TABLE Asia Pacific Market Forecast by Countries to 2028 (US$ MN)
- 13.3.1 China
- 13.3.2 Japan
- 13.3.3 India
- 13.3.4 Australia
- 13.3.5 New Zealand
- 13.3.6 Rest of Asia Pacific
- 13.4 Middle East
- DATA TABLE Middle East Market Forecast by Countries to 2028 (US$ MN)
- 13.4.1 Saudi Arabia
- 13.4.2 UAE
- 13.4.3 Rest of Middle East
- 13.5 Latin America
- DATA TABLE Latin America Market Forecast by Countries to 2028 (US$ MN)
- 13.5.1 Argentina
- 13.5.2 Brazil
- 13.5.3 Rest of Latin America
- 13.6 Rest of the World (RoW)
- DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2028 (US$ MN)
- 13.6.1 South Africa
- 13.6.2 Others
- 14 Key Player Activities
- 14.1 Acquisitions & Mergers
- 14.2 Agreements, Partnerships, Collaborations and Joint Ventures
- 14.3 Product Launch & Expansions
- 14.4 Other Activities
- 15 Leading Companies
- 15.1 BASF SE
- 15.2 ACH foam Technologies
- 15.3 Bradford Company
- 15.4 Clark Foam
- 15.5 Dongguan City Prosperous Mass Poly Foam Co.Ltd
- 15.6 Dongshin Industry Inc.
- 15.7 DS Smith Plastics
- 15.8 Eurofoam Group
- 15.9 Furukawa Electric Co., Ltd
- 15.10 Hanwha Corporation
- 15.11 JSP Corporation
- 15.12 Kaneka Corporation
- 15.13 Knauf Industries
- 15.14 Marko Foam Products, Inc.
- 15.15 Paracoat Products Limited
- List of Tables
- Table 1 Global Expanded Polypropylene (EPP) Foam Market By Region, Market Forecast (2018-2028) (US $MN)
- Table 2 Global Expanded Polypropylene (EPP) Foam Market By Type, Market Forecast (2018-2028) (US $MN)
- Table 3 Global Expanded Polypropylene (EPP) Foam Market By Low Density, Market Forecast (2018-2028) (US $MN)
- Table 4 Global Expanded Polypropylene (EPP) Foam Market By High Density, Market Forecast (2018-2028) (US $MN)
- Table 5 Global Expanded Polypropylene (EPP) Foam Market By Medium Density/Porous Polypropylene (PP), Market Forecast (2018-2028) (US $MN)
- Table 6 Global Expanded Polypropylene (EPP) Foam Market By Raw Material Type, Market Forecast (2018-2028) (US $MN)
- Table 7 Global Expanded Polypropylene (EPP) Foam Market By Bio-Based Polypropylene, Market Forecast (2018-2028) (US $MN)
- Table 8 Global Expanded Polypropylene (EPP) Foam Market By Synthetic Polypropylene, Market Forecast (2018-2028) (US $MN)
- Table 9 Global Expanded Polypropylene (EPP) Foam Market By Form, Market Forecast (2018-2028) (US $MN)
- Table 10 Global Expanded Polypropylene (EPP) Foam Market By Fabricated EPP, Market Forecast (2018-2028) (US $MN)
- Table 11 Global Expanded Polypropylene (EPP) Foam Market By Molded EPP, Market Forecast (2018-2028) (US $MN)
- Table 12 Global Expanded Polypropylene (EPP) Foam Market By Process, Market Forecast (2018-2028) (US $MN)
- Table 13 Global Expanded Polypropylene (EPP) Foam Market By Melt-State Processing, Market Forecast (2018-2028) (US $MN)
- Table 14 Global Expanded Polypropylene (EPP) Foam Market By Solid-State Processing, Market Forecast (2018-2028) (US $MN)
- Table 15 Global Expanded Polypropylene (EPP) Foam Market By Material, Market Forecast (2018-2028) (US $MN)
- Table 16 Global Expanded Polypropylene (EPP) Foam Market By Complex Shapes, Market Forecast (2018-2028) (US $MN)
- Table 17 Global Expanded Polypropylene (EPP) Foam Market By Electrostatic Discharge Protection, Market Forecast (2018-2028) (US $MN)
- Table 18 Global Expanded Polypropylene (EPP) Foam Market By Flame Retardant, Market Forecast (2018-2028) (US $MN)
- Table 19 Global Expanded Polypropylene (EPP) Foam Market By Low Stick/Low Slip, Market Forecast (2018-2028) (US $MN)
- Table 20 Global Expanded Polypropylene (EPP) Foam Market By Porus, Market Forecast (2018-2028) (US $MN)
- Table 21 Global Expanded Polypropylene (EPP) Foam Market By Recycled, Market Forecast (2018-2028) (US $MN)
- Table 22 Global Expanded Polypropylene (EPP) Foam Market By Application, Market Forecast (2018-2028) (US $MN)
- Table 23 Global Expanded Polypropylene (EPP) Foam Market By Automotive, Market Forecast (2018-2028) (US $MN)
- Table 24 Global Expanded Polypropylene (EPP) Foam Market By Armrests, Market Forecast (2018-2028) (US $MN)
- Table 25 Global Expanded Polypropylene (EPP) Foam Market By Bumpers, Market Forecast (2018-2028) (US $MN)
- Table 26 Global Expanded Polypropylene (EPP) Foam Market By Door Panels, Market Forecast (2018-2028) (US $MN)
- Table 27 Global Expanded Polypropylene (EPP) Foam Market By Roof Pillars, Market Forecast (2018-2028) (US $MN)
- Table 28 Global Expanded Polypropylene (EPP) Foam Market By Seat Bracing, Market Forecast (2018-2028) (US $MN)
- Table 29 Global Expanded Polypropylene (EPP) Foam Market By Seats, Market Forecast (2018-2028) (US $MN)
- Table 30 Global Expanded Polypropylene (EPP) Foam Market By Stowage System, Market Forecast (2018-2028) (US $MN)
- Table 31 Global Expanded Polypropylene (EPP) Foam Market By Tool Kits, Market Forecast (2018-2028) (US $MN)
- Table 32 Global Expanded Polypropylene (EPP) Foam Market By Packaging, Market Forecast (2018-2028) (US $MN)
- Table 33 Global Expanded Polypropylene (EPP) Foam Market By Food Packaging, Market Forecast (2018-2028) (US $MN)
- Table 34 Global Expanded Polypropylene (EPP) Foam Market By Non-Food Packaging, Market Forecast (2018-2028) (US $MN)
- Table 35 Global Expanded Polypropylene (EPP) Foam Market By Consumer Goods, Market Forecast (2018-2028) (US $MN)
- Table 36 Global Expanded Polypropylene (EPP) Foam Market By Electronics, Market Forecast (2018-2028) (US $MN)
- Table 37 Global Expanded Polypropylene (EPP) Foam Market By Furniture, Market Forecast (2018-2028) (US $MN)
- Table 38 Global Expanded Polypropylene (EPP) Foam Market By Textile, Market Forecast (2018-2028) (US $MN)
- Table 39 Global Expanded Polypropylene (EPP) Foam Market By Toys & Sporting Goods, Market Forecast (2018-2028) (US $MN)
- Table 40 Global Expanded Polypropylene (EPP) Foam Market By Appliances, Market Forecast (2018-2028) (US $MN)
- Table 41 Global Expanded Polypropylene (EPP) Foam Market By Kitchen Appliances, Market Forecast (2018-2028) (US $MN)
- Table 42 Global Expanded Polypropylene (EPP) Foam Market By Non-Kitchen Appliances, Market Forecast (2018-2028) (US $MN)
- Table 43 Global Expanded Polypropylene (EPP) Foam Market By Acoustic, Market Forecast (2018-2028) (US $MN)
- Table 44 Global Expanded Polypropylene (EPP) Foam Market By Building & Construction, Market Forecast (2018-2028) (US $MN)
- Table 45 Global Expanded Polypropylene (EPP) Foam Market By Digital & Technical, Market Forecast (2018-2028) (US $MN)
- Table 46 Global Expanded Polypropylene (EPP) Foam Market By Dunnage, Market Forecast (2018-2028) (US $MN)
- Table 47 Global Expanded Polypropylene (EPP) Foam Market By Heating, Ventilation, and Air Conditioning (HVAC), Market Forecast (2018-2028) (US $MN)
- Table 48 Global Expanded Polypropylene (EPP) Foam Market By Oil & Gas, Market Forecast (2018-2028) (US $MN)
- Table 49 Global Expanded Polypropylene (EPP) Foam Market By Chemical Industries, Market Forecast (2018-2028) (US $MN)
- Table 50 Global Expanded Polypropylene (EPP) Foam Market By Appliances, Market Forecast (2018-2028) (US $MN)
- Table 51 Global Expanded Polypropylene (EPP) Foam Market By Kitchen Appliances, Market Forecast (2018-2028) (US $MN)
- Table 52 Global Expanded Polypropylene (EPP) Foam Market By Non-Kitchen Appliances, Market Forecast (2018-2028) (US $MN)
- NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.
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