Global Expanded Polypropylene Foam Market Size Worth USD 2,333.4 Million By 2030 | CAGR 7.07%: Infinium Global Research

Infinium Global Research, a leading market research company, has released a comprehensive report on the Global Expanded Polypropylene Foam Market. The report provides an in-depth analysis of market segments and sub-segments on both global and regional scales, offering insights into the market's driving factors, constraints, and macro indicators. It delivers a comprehensive presentation of trends, forecasts, and dollar values, addressing the current and future state of the global expanded polypropylene foam market. The global expanded polypropylene foam market was valued at USD 1,379.8 Million in 2022 and is expected to reach USD 2,333.4 Million by 2030 and grow at a CAGR of 7.07% over the forecast period.

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Promising Growth for the Expanded Polypropylene Foam Market

The global expanded polypropylene foam market is poised for substantial growth, with an expected Compound Annual Growth Rate (CAGR) of 7.07% between 2023 and 2030. The expanding automotive industry is the principal driving force behind the market's growth. Expanded polypropylene foam, known for its low cost, excellent mechanical properties, and moldability, is commonly used in automotive parts. It helps reduce vehicle weight, save fuel, and minimize the leakage of volatile organic compounds from vehicle interior parts. The increased production of electric cars has further promoted the growth of the expanded polypropylene foam market by making electric vehicles lightweight, thermally insulated, and enhancing their energy absorption capabilities. Additionally, the material's reusability has driven its preference in industries such as furniture, consumer goods, and construction. As recyclability and reusability continue to be paramount in manufacturing, the extended polypropylene (EPP) foam market is set to surge in the upcoming years.

High Costs and Substitutes as Market Challenges

While the market is experiencing substantial growth, it still faces challenges. The high cost of expanded polypropylene foam and the availability of substitutes can significantly impact the market's growth. Manufacturers must address these challenges to maintain and expand their market presence.

Geographical Market Insights

The Asia Pacific region is expected to witness significant growth in the global expanded polypropylene foam market. The region's key end-use sectors, such as consumer goods and packaging, are driving the increased demand for this versatile material. North America, the second-largest market for expanded polypropylene foam, is benefiting from developments in the automobile and packaging sectors, which are driving demand in application segments. The European region also shows strong consumption of EPP foam, particularly in automotive components, consumer products, and building and construction. The presence of key automotive Original Equipment Manufacturers (OEMs) in Europe is expected to strengthen the automotive growth, thereby driving EPP foam demand.

Leading Players in the Market

The global expanded polypropylene foam market features prominent players, including BASF SE, Hanwha Corporation, Dongshin Industry, Inc., JSP Corporation, Kaneka Corporation, Furukawa Electric Co., Ltd., DS Smith plc, Sonoco Products Company, CLARK FOAM PRODUCTS, and Izoblok. These companies play a pivotal role in driving market innovation and competitiveness.

Versatile Properties of Expanded Polypropylene Foam

Expanded polypropylene is a highly versatile closed-cell bead foam with unique properties, including excellent energy absorption, thermal insulation, multiple impact resistance, buoyancy, water and chemical resistance, high strength-to-weight ratio, and 100% recyclability. It can be manufactured in a wide range of densities, transformed by molding, and applied in various industries. For instance, it is used in automotive bumpers and interior passenger safety components, contributing to vehicle weight reduction and fuel savings. It is also used in a variety of consumer products, given its light weight, thermal insulation, and sustainability. Moreover, its role in making vehicles environmentally sustainable has gained traction, which will drive demand in the market.

Manufacturing Complexities and Costs

Despite its versatility and wide range of applications, the manufacturing process of expanded polypropylene foam is complex. It requires technical expertise and specialized custom equipment. Under strictly controlled conditions, extruded pellets expand into consistently shaped beads of expanded polypropylene foam. This complexity, while resulting in high durability, also increases costs compared to some other foam types. This cost factor may deter some end users who seek more cost-effective alternatives.

Growing Application in Diverse Industries

The recyclable and lightweight properties of expanded polypropylene foam have enabled its application in an extensive range of industries, such as packaging, aerospace, and automotive. High-density expanded polypropylene foam is expected to drive market growth in heavy industrial packaging. The material's unique properties have led to increased use in furniture, consumer goods, and construction, as it offers enhanced chemical and mechanical properties. Its reusability and recyclability have made it increasingly attractive to various industries, and this trend is likely to continue, creating numerous opportunities for market growth.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Expanded Polypropylene Foam Market Highlights

2.2. Expanded Polypropylene Foam Market Projection

2.3. Expanded Polypropylene Foam Market Regional Highlights

Chapter 3. Global Expanded Polypropylene Foam Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Expanded Polypropylene Foam Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Type

3.5.2. IGR-Growth Matrix Analysis by Application

3.5.3. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Expanded Polypropylene Foam Market

Chapter 4. Expanded Polypropylene Foam Market Macro Indicator Analysis

Chapter 5. Global Expanded Polypropylene Foam Market by Type

5.1. Low Density

Chapter 6. Global Expanded Polypropylene Foam Market by Application

6.1. Automotive

6.2. Others

Chapter 7. Global Expanded Polypropylene Foam Market by Region 2023-2030

7.1. North America

7.1.1. North America Expanded Polypropylene Foam Market by Type

7.1.2. North America Expanded Polypropylene Foam Market by Application

7.1.3. North America Expanded Polypropylene Foam Market by Country

7.2. Europe

7.2.1. Europe Expanded Polypropylene Foam Market by Type

7.2.2. Europe Expanded Polypropylene Foam Market by Application

7.2.3. Europe Expanded Polypropylene Foam Market by Country

7.3. Asia-Pacific

7.3.1. Asia-Pacific Expanded Polypropylene Foam Market by Type

7.3.2. Asia-Pacific Expanded Polypropylene Foam Market by Application

7.3.3. Asia-Pacific Expanded Polypropylene Foam Market by Country

7.4. RoW

7.4.1. RoW Expanded Polypropylene Foam Market by Type

7.4.2. RoW Expanded Polypropylene Foam Market by Application

7.4.3. RoW Expanded Polypropylene Foam Market by Sub-region

Chapter 8. Company Profiles and Competitive Landscape

8.1. Competitive Landscape in the Global Expanded Polypropylene Foam Market

8.2. Companies Profiles

8.2.1. JSP Corporation

8.2.2. DS Smith plc

8.2.3. Furukawa Electric Co., Ltd.

8.2.4. Hanwha Corporation

8.2.5. Sonoco Products Company

8.2.6. IZOBLOK

8.2.7. Dongshin Industry, Inc.

8.2.8. Clark Foam Products Corporation

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of expanded polypropylene foam.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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