Expanded Polypropylene (EPP) Foam Market Size, Share & Industry Analysis By Type (Low Density, High Density, Porous PP), By Application (Automotive, Packaging, Consumer Goods, Others) and Regional Forecast, 2024-2032

Expanded Polypropylene (EPP) foam is a polypropylene type. After many impacts EPP regains its form. It therefore has the potential to withstand significant impacts, rendering it an suitable resource for globally modeling aviation and radio-controlled vehicles. EPP foam is manufactured using molding technique for the compression of the steam chest. By using this molding technique, beads of different sizes are glued together, resulting in a solid and lightweight product. Polypropylene is a thermoplastic polymer which is also known as polypropene. EPP is fully recyclable and extremely flexibleIts other characteristics include excellent energy absorption, buoyancy, effect tolerance, thermal insulation, water and chemical tolerance and a high resistance to weight.

EPP foam is commonly used in automotive parts due to its low cost, excellent mechanical properties, and moldability. This helps to reduce vehicle weight and saves fuel. It also helps to reduce the leakage of VOCs from interior parts of vehicles. If EPP foam is additionally mixed with metals, it can consume and disperse a larger amount of energy, such reasons help the trend of making vehicles environmentally sustainable and thereby fuel market demand.

Key Market Driver -

Increased usage in automotive sector drives the market.

Key Market Restraint -

Availability of substitutes hinders the market growth.

However, The emergence of comparatively lower-priced alternatives such as Extended Polyethylene (EPE) and extended polycarbonate on the market further intensifies demand.

Market Segmentation:

Based on type, the market for expanded polypropylene foam is further segmented into low density, high density and porous PP. Based on application, the market for expanded polypropylene foam is further segmented into automotive, packaging, consumer goods and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global expanded polypropylene foam market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the expanded polypropylene foam Market includes SP Corporation ,Kaneka Corporation ,Hanwha Chemical Corporation ,BASF SE , DS Smith plc; Furukawa Electric Co., Ltd.; Sonoco Products Company; Knauf Industries.; Clark Foam Products Corporation; Paracoat Products Ltd and others

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Expanded Polypropylene Foam Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

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In terms of Geography, the expanded polypropylene foam market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output the Asia-Pacific region dominates the expanded polypropylene (EPP) foam market. The expanded polypropylene (EPP) foam market is expected to see a rising demand from India, China and other Asia Pacific countries. In terms of sales and volume, Asia Pacific led the overall demand for extended polypropylene (EPP) foam due to the involvement of main players such as JSP Corporation, Kaneka Corporation and Furukawa Electric Co. with large product portfolios and wide geographical scope. North America is projected to see substantial growth due to rapidly evolving consumer goods markets and increasing competition for products in key end-use verticals such as consumer electronics and packaging. The rapidly developing automotive sector in Europe is projected to fuel product growth over the predicted time frame. Latin America shows moderate growth due to the presence of substitutes.

Segmentation

Expanded Polypropylene (EPP) Foam Industry Developments

• In January 2018, Kaneka Corporation reported a USD 17 million investment to expand Eperan's potential for expanded PE and PP particulate foams at its Belgian Westerlo location. This expansion was pursued, taking into consideration Eperan foam's presence in Europe and other areas of the world. This is expected to improve the global sourcing network for the business as well.


• In August 2017, Kaneka Corporation has announced that it will build a new production plant in Rayong, Thailand to manufacture expanded polyolefin foam. A USD 18 million investment was made to establish a manufacturing capacity of 3,000 metric tons per year to meet the increased competition in Southeast Asia and India.