The global expanded polypropylene (EPP) foam market is projected to reach a value of US$ 4,962.51 Mn in 2032, with the market growing at a prolific CAGR of 11.40% from the forecast period of 2022 to 2032. Predicted to reach an estimated US$ 1,685.9 Mn in 2022, the expanded polypropylene (EPP) foam market is driven by heightened demand from sectors like consumer goods, packaging, and furniture.
The increasing scope of expanded polypropylene (EPP) foam application such as the use of expanded polypropylene (EPP) foam sheets in a wide range of industries due to its superior properties will further propel the market growth.
Superior qualities of EPP foam like durability, recyclability, water and chemical resistance, thermal insulation, and others contribute to the extensive usage of EPP foam. With the growing usage of EPP foams in the automotive industry due to its effective tolerance and buoyancy coupled with the expansion of the same industry, the EPP foams market is expected to grow at a rapid growth rate.
Competitive Landscape
Furukawa Electric Co., Ltd, Knauf Industries, Dongshin Industry Inc., Kaneka Corporation, JSP Corporation, BASF SE, SSW Pearl Foam GmbH, Sonoco Products Company, Clark Foam, and Bradford Company among others are some of the major players in the expanded polypropylene (EPP) foam market profiled in the full version of the report.
Leading market players are keen on implementing better supply chain solutions. Incorporating an innovative value chain so as to continue their production without disruption is the primary focus of many businesses in the market.
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Key Segments in The Expanded Polypropylene (EPP) Foam Market
By Grade Type:
- Low Density
- High Density
- Porous PP
By Application:
- Automotive
- Industrial Packaging
- Consumer Products
- Building & construction
- Others
More Insights into Expanded Polypropylene (EPP) Foam Market Report
In its latest report, FMI offers an unbiased analysis of the global expanded polypropylene (EPP) foam market, providing historical data and forecast statistics for 2022 to 2032.
According to the latest FMI reports, based on region, the expanded polypropylene (EPP) foam market in the Asia Pacific region is expected to grow substantially over the forecast period. Currently accounting for 52% of the revenue share, the target market in this region is mainly fueled by escalating demand in important industry verticals.
The market in Japan is predicted to be one of the primary growth drivers in the APAC region. Building and construction sector coupled with the advancing automobile industry push the regional market growth through the assessment period.
Based on segmentation, in terms of the product type, the high-density product segment is predicted to account for the fastest CAGR during 2022-2032. On the basis of application, the automotive industry will likely hold a major share of the market revenue over the projected period.
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