Market Insights
The global expanded polypropylene (EPP) foam market is expected to grow at a CAGR of 6.5% from 2022 to 2028.
What is Expanded Polypropylene (EPP) Foam?
EPP is a lightweight, closed-cell foam made from polypropylene. EPP is a sustainable material that can be recycled. It is also a non-toxic material that is safe for use in food packaging and other applications where food contact is possible. EPP is much lighter than traditional materials such as wood and metal. This makes it ideal for applications where weight is a concern, such as packaging and transportation.
It is also a good energy absorber. This makes it ideal for applications where impact protection is required, such as automotive bumpers and seat cushions. It is a durable material that can withstand a lot of wear and tear. This makes it ideal for long-term use in applications such as construction and industrial equipment. EPP is a recyclable material. This makes it a sustainable choice for packaging and other applications.
Market Dynamics
The growth of the EPP foam market is driven by the increasing demand for lightweight and durable packaging materials, rising demand for EPP foam in the automotive industry, and growing demand for EPP foam in the construction industry. EPP foam is used in the automotive industry for a variety of applications, such as interior trim, seat cushions, and crash protection components. The growing demand for lightweight and fuel-efficient vehicles is driving the demand for EPP foam in the automotive industry.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Type Analysis
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Low Density, High Density, Porous PP
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Low-density EPP is the most common type of EPP. It is lightweight and has good cushioning properties. It is used in a variety of applications, including packaging, automotive, and construction. High-density EPP is stronger and more rigid than low-density EPP.
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Application Type Analysis
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Automotive, Packaging, Consumer Products
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The fastest growing Expanded Polypropylene (EPP) Foam Market segment is the automotive segment. The automotive segment is expected to grow at a CAGR of 8.5% during the forecast period from 2022 to 2030. The growth of the automotive segment is attributed to the increasing demand for lightweight vehicles, the rising adoption of EPP foam in bumpers and other automotive parts, and the increasing focus on sustainability.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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The Asia-Pacific region is one of the fastest-growing automotive markets in the world. The increasing demand for lightweight vehicles in the region is driving the growth of the EPP foam market.
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By Type
The market is segmented into Low Density, High Density, and Porous PP. Low-density EPP is the most common type of EPP. It is lightweight and has good cushioning properties. It is used in a variety of applications, including packaging, automotive, and construction. High-density EPP is stronger and more rigid than low-density EPP. It is used in applications where strength and durability are required, such as automotive bumpers and industrial equipment. Porous PP is a type of EPP that has a honeycomb structure. It is lightweight and has good sound-absorbing properties. It is used in applications where soundproofing is required, such as automotive interiors and construction walls.
Application Trends
The market is segmented into Automotive, Packaging, and Consumer Products. The fastest-growing expanded polypropylene (EPP) foam market segment is the automotive segment. The automotive segment is expected to grow at a CAGR of 8.5% during the forecast period from 2022 to 2030. The growth of the automotive segment is attributed to the increasing demand for lightweight vehicles, the rising adoption of EPP foam in bumpers and other automotive parts, and the increasing focus on sustainability.
Regional Analysis
The market is segmented into North America, Europe, Asia Pacific, Latin America, and The Middle East & Africa. The Asia-Pacific region is one of the fastest-growing automotive markets in the world. The increasing demand for lightweight vehicles in the region is driving the growth of the EPP foam market. EPP foam is a lightweight material that can be used to replace heavier materials, such as metal and plastic. This helps to improve fuel efficiency and reduce emissions.
The expanded polypropylene (EPP) foam market is segmented into the following categories:
By Type
- Low Density (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- High Density (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Porous PP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Consumer Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the Expanded Polypropylene (EPP) Foam market. Most of the major players are providing complete profile systems including profile seals.
- BASF SE
- Quadrant Plastics
- Armacell International GmBH
- Sealed Air Corporation
- Trexel Incorporated
- JSP Corporation
- Kaneka Corporation
- Hanwha Solutions
- BEWI (Izoblok)
- Dongshin Industry Incorporated
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Expanded Polypropylene (EPP) Foam Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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