Global Expanded Polypropylene Foam Market Share Is Expected To Grow At A CAGR Of 5.10% By 2028

04-Oct-2022 | Facts and Factors

According to Facts and Factors, the expanded polypropylene foam market size was worth USD 972.40 million in 2021 and is estimated to grow to USD 1,310.57 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.10% over the forecast period. The report analyzes the expanded polypropylene foam market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the expanded polypropylene foam market.

Polyethylene foam includes expanded polyethylene foam, sometimes referred to as EPE foam. Similar to how expanded polystyrene foam is formed, it is normally made from expanded pellets (also known as "EPE beads") that are blown into a mould and then expanded in a steam chest. Low-density, semi-rigid, closed-cell foams made of expanded polypropylene are halfway between polyurethane and expanded polystyrene in stiffness/compliance. Like expanded polystyrene foams, expanded polypropylene foams are created by starting with PE beads.

Browse the full “Expanded Polypropylene Foam Market Size, Share, Growth Analysis Report By Type (Low Density, High Density, Porous PP), By Application Type (Automotive, Packaging, Consumer Goods, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/expanded-polypropylene-foam-market

Product adoption in industries including packaging, consumer goods, and furniture is anticipated to impact overall market growth throughout the foreseeable years majorly. The product's remarkable qualities, including durability, chemical & water resistance, thermal insulation, and recyclability, can be attributed to its expanding application breadth in various industries. The production of vehicles and consumer goods has increased due to expanding industrial investment across major economies. In turn, this will probably increase demand for moulded goods and expanded polypropylene foam beads in the following years. Over the period, product demand is anticipated to be driven by the rising need for materials resistant to chemicals and water in the packaging and consumer products industries. However, it is anticipated that the price volatility linked to this material will affect the cost of finished goods, partially impeding the global expanded polypropylene market expansion. Expanded polypropylene foam is subject to the laws governing safety requirements and chemical component dangers.

The global expanded polypropylene foam market has been segmented by type, application type, and region. Based on type, the market is classified into low density, high density, and porous PP. High-density category dominated the market in 2021. Based on application type, the market is classified into automotive, packaging, consumer goods, and others. The automotive segment accounted for the largest market share in 2021.

The global expanded polypropylene foam market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. In 2021, the North American region dominated the market in revenue generation. North America is doing research and development activities to develop new products and technology to produce an expanded polypropylene foam market. This gives companies a competitive advantage in cost benefits, thus increasing the profit margin. Moreover, the technology of government initiatives to encourage an expanded polypropylene foam market also helps drive the region's market growth. Therefore, these factors are expected to support the market expansion in the North American region. 

Report Scope

Some of the main competitors dominating the global expanded polypropylene foam market include JSP Corporation, Kaneka Corporation, Hanwha Chemical Corporation, BASF SE, Furukawa Electric Co., Ltd., DS Smith PLC, Sonoco Products Company, Woodbridge, Auto Multi Styrene, Fabrik Budenheim Kg
Clark Foam Products K.K. Nag Ltd, Knauf Industries.

Recent Development:

• January 2021: The kanaka corporation reported a USD 17 million investment to expand Eperan potential for expanded PE and PP particulate foams.

Global Expanded Polypropylene Foam market is segmented as follows:

By Type

• Low density

• High density
• Porous PP

By Application Type

• Automotive
• Packaging
• Consumer goods
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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