Expanded Polypropylene (EPP) Foam Market predicted to reach USD 3.99 billion by 2030 with a CAGR of 11.3%

The Global Expanded Polypropylene (EPP) Foam Market size is estimated to be USD 1.23 billion in 2019 and is predicted to reach USD 3.99 billion by 2030 with a CAGR of 11.3% from 2020-2030.

Expanded polypropylene (EPP) foam is a closed cell foam, which is lightweight, flexible, recyclable, and non-toxic. It is called for its thermal resistance and impact absorption properties and possesses a high strength to weight ratio. The material, along with water, provides resistance to most of the industrial chemicals. It is a form of polypropylene can resume its shape after several impacts. Thus, it has the ability to absorb massive impacts, making it an ideal material for the radio-controlled vehicles and aviation modelling. EPP foam is manufactured by using the compression steam chest molding technique. Polypropylene, also called as polypropene, which is a thermoplastic polymer. Moreover, used in various applications in textile and packaging industries.

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Top Companies: JSP Corporation, Furukuwa Electric Co., Ltd., Hanwha Corporation, The Woodbridge Group, BASF SE, Sonoco Products Company, Kaneka Corporation, SSW Pearl Foam GmbH, DS Smith Plc and others.

Market Dynamics and Trends:

EPP foams are majorly used in the industrial packaging due to its cushioning capability and the flexibility which gives the security to complex shapes. They are of two types depending upon their densities, which include low density EPP and high density EPP. The high density EPP foams are used in the automotive application in the passenger safety parts and in the automotive bumpers. Generally, in the industrial packaging low density EPP foams are used. They are also used in consumer products and furniture.

Growing awareness of environmental concerns and rising demand for fuel efficient and light weight cars are the major factors for the Expanded Polypropylene (EPP) Foam market growth during the forecast period. Moreover, high investments in manufacturing activities among major economies have led in an increased consumer goods production and automobile, which in turn is estimated to positively influence the market demand over the coming years. Additionally, increasing demand for water-resistant and chemical materials in the packaging and consumer goods industries is slated to boost product demand during the forecast period. However, the price volatility related with this material is projected to impact product prices in the coming years.

It is a highly competitive industry with key players increasingly investing in R&D to improve their quality of the product. This may offer opportunities for the players in the market for the coming years. The market faces moderate to high competition on account of the existence of a large number of fabricators, manufacturers, and distributors in the industry. Furthermore, a majority of the companies follow an integrated approach from production of raw materials, to the manufacturing and distribution of molded sheets, of EPP foam beads and other molded products to various end-use verticals.

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Market Segmentations and Scope of the Study:

The global Expanded Polypropylene (EPP) Foam Market share is analyzed on the basis of product, end-user and geography. On the basis of product, the market is segmented into low density, medium density, and high density. According to the end-user, the Expanded Polypropylene (EPP) Foam market is classified into the automotive, packaging, consumer goods, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and Rest of the World.

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