North America Expanded Polypropylene Foam Market Size, Share & Trends Analysis Report By Product (Ceramic Product, Metal Product, Polymer Product, Hybrid Product), By Form (Block, Sheet & Rod), By Application, By Country, And Segment Forecasts, 2024 - 203

North America Expanded Polypropylene Foam Market Size, Share & Trends Analysis Report By Product (Ceramic Product, Metal Product, Polymer Product, Hybrid Product), By Form (Block, Sheet & Rod), By Application, By Country, And Segment Forecasts, 2024 - 2030

North America Expanded Polypropylene Foam Market Growth & Trends

The North America expanded polypropylene foam market size is anticipated to reach USD 682.97 million by 2030, expanding at a CAGR of 12.4% over the forecast period, according to a new report by Grand View Research, Inc. Developments in the automobile and packaging sectors are likely to drive the demand for the expanded polypropylene (EPP) foam in these application segments. Increasing use of environment-friendly and energy saving products is also expected to positively influence the market growth.

Stringent environmental regulations and increasing focus on indoor air quality are anticipated to drive the EPP foam market in North America. Moreover, increasing investments in the automotive sector by the government and private institutions are projected to contribute to the demand for expanded polypropylene foam.

Rising utilization of noise and vibration insulation solutions in the consumer goods, appliances, and automotive industries is anticipated to urge manufacturers to take up backward integration in the value chain over the forecast period. Greater participation in the value chain is likely to result in time reduction for transforming raw materials into finished products and in gaining cost advantage.

Usage of high-density expanded polypropylene foam is increasing in the industrial packaging applications owing to its high impact strength. Moreover, increasing demand from the automotive industry for the manufacturing of lightweight components is expected to drive the product demand over the forecast period. Widening of distribution channels has also made these products readily available to the users, thus acting as a driving force for the growth of this market.

North America Expanded Polypropylene Foam Market Report Highlights

• By product, the high-density EPP foam segment held the market with the largest revenue share of 51.0% in 2023. The rising need for energy management in the automobile sector is driving the segment
• Based on application, the automotive segment led the market with the largest revenue share of 26.08% in 2023. The North American market is a significant player in the global automotive industry, characterized by its size, innovation, and market dynamics.
• The U.S. dominated the North America expanded polypropylene foam market with the largest revenue share of 70.10% in 2023 and is expected to maintain its position over the forecast period.

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