Expanded Polypropylene (EPP) Foam Market worth $1,619 million by 2025 | Key players Atlas Copco, United Rentals, Inc., Ingersoll Rand, Caterpillar Inc., Loxam Group.

According to recent market research the "Expanded Polypropylene (EPP) Foam Market by Type (Low Density, High Density & Porous PP), Application (Automotive, Packaging, Consumer Products), and Region (North America, Europe, Asia-Pacific) - Global Forecast to 2025" The EPP foam market size is projected to grow from USD 1,253 Million in 2020 to USD 1,619 Million by 2025, at a CAGR of 5.3% during the forecast period. Recyclable & reusable properties, optimum performance, and low weight of EPP foam are driving the market.

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High-density EPP foams possess high compressive strength and energy absorption characteristics compared to low-density EPP foams. They are extensively used to attain high energy absorption to optimize energy management. They offer good stability, high strength-to-weight ratio, and load-bearing structural support. These foams are used in automotive bumpers and interior passenger safety components. In the packaging industry, they are used where rigid and high structural strength foams are required.

EPP foam is used in protective packaging applications due to its smooth & compact surface, good chemical resistance, excellent fabrication capability moisture, fungal resistance, and low water absorption properties. EPP foam is a lightweight material that is relatively easy to manufacture and customize. This factor makes it affordable. The overall packaging industry is driven by various factors, such as packaging material developments, increasing awareness of environmental issues, and the adoption of new regulatory requirements on packaging recycling.

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The APAC EPP foam market is segmented into China, Japan, India, South Korea, and the Rest of APAC. The EPP foam market in APAC is projected to witness the highest CAGR in the next five years. The growth can be attributed to Recyclable & reusable properties, optimum performance, and low weight of EPP foam.

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JSP Corporation is one of the leading manufacturers of plastic products based on foaming technology, which includes expanded polyethylene sheets, expanded polypropylene beads, and other proprietary products using extrusion foam and bead foam technologies. The company operates three business segments namely extrusion business, bead business, and others. Its products are used in the automotive, construction, civil engineering, packaging, and food packaging industries. The company has 10 subsidiaries in Japan, 28 subsidiaries in other countries, and six affiliates, stating a strong presence in the Asia-Pacific region. It has moderate coverage in North and South America but has a weak presence in Europe and the Middle East & Africa. In January 2015, JSP Corporation expanded its EPP foam manufacturing capacity in China and Thailand with a total investment of around USD 15 million. The planned total capacity of EPP foam is 120,000 tons/year.

Kaneka Corporation manufactures and sells polymers, fermentation, biotechnology, and electronic products among others. It operates through four business segments, which are Material Solutions Unit, Nutrition Solutions Unit, Quality of Life Solutions Unit, and Health Care Solutions Unit. It provides polypropylene foam made with the bead method under its Quality-of-Life Solutions Unit business segment. The company markets these products under its brands named EPERAN. In January 2018, Kaneka Corporation announced the investment of USD 17 million to expand the capacity for Eperan expanded PE and PP particle foams at its Westerlo site in Belgium. This expansion was undertaken, keeping in mind the penetration of Eperan foam in Europe and other parts of the world. This is also expected to strengthen the company's global supply network.

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