EPP Foam Market by Type (Low-Density, High-Density & Porous PP), Application (Automotive, Packaging, Consumer Products), and Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2028

"Growing demand from automotive application to drive the adoption of EPP foam."

The global EPP foam market is projected to grow from USD 1.4 billion in 2023 to USD 1.8 billion by 2028, at a CAGR of 5.7% from 2023 to 2028. Due to its adaptable qualities, EPP foam has recently seen an unparalleled increase in demand on a global scale, playing a crucial role in a variety of industries. Applications where innovation, sustainability, and high performance are required has created demand of EPP foam, a lightweight, resilient material that is also environmentally friendly.

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"Theporous PP, by typesegment, is projected to grow at the highest CAGR from 2023 to 2028."

To capture dust, pollen, and other airborne particles, porous PP is utilised in car air filters. By removing allergens and pollutants from the cabin air before they can enter the car's interior, cabin air filters constructed of porous PP can help enhance air quality. Lithium-ion batteries in electric and hybrid cars use porous PP as a separator material. It is essential for preventing short-circuits between the positive and negative electrodes of the battery while permitting ion passage.

"Automotive, in by application segment, is projected to grow at the highest CAGR from 2023 to 2028."

EPP foam has commercial opportunities as the market for electric and autonomous vehicles (AVs) expands. Both EVs and AVs require lightweight components to increase range and sophisticated safety measures, which are advantages of EPP foam. The potential of EPP foam to enhance the supply chain by reducing part damage during transit and assembly aids in streamlining production procedures and lowering costs.To improve comfort and aesthetics, EPP foam is used in a variety of interior components, including armrests, door panels, and console inserts.

"Asia Pacific EPP foam market is projected to grow at the highest CAGR from 2023 to 2028."

Asia Pacific is expected to be the fastest-growing market for EPP foam market during the forecast period. Materials like EPP foam that can improve vehicle safety by absorbing impact energy are more necessary as safety regulations in the automobile industry get stringent. Technology improvements in the production of EPP foam have increased its affordability and adaptability. This has promoted its application across a range of industries in Asia Pacific.EPP foam demand is rising as a result of the diverse industrial landscape, rapid economic development, and rising consumer demands in the Asia Pacific region.

Profile break-up of primary participants for the report:

By Company Type: Tier 1 - 18%, Tier 2 - 37%, and Tier 3 - 55%
By Designation: C-level Executives -27%, Directors - 27%, and Others - 46%
By Region: North America-18%, Europe - 18%, Asia Pacific-46%, South America - 9%, and Middle East & Africa - 9%

The EPP foam market report is dominated by players such as BASF SE (Germany), JSP Corporation (Japan), Hanwha Advanced Materials (South Korea), BEWI (Norway), Sonoco Products Company (US), Engineered Foam Products (UK), Kaneka Corporation (Japan), Furukawa Electric Co., Ltd. (Japan), Chemische Fabrik Budenheim KG (Germany), and Yanfeng Woodbridge Lightweight Composites Co., Ltd. (China)

Research Coverage:

The report defines, segments, and projects the EPP foam market based on type, application, and region. It provides detailed information regarding the major factors influencing the market's growth, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key EPP foam solution providers and comprehensively analyses their market shares and core competencies, as well as tracks and analyzes competitive developments, such as expansions, investment, new product launch, collaboration, agreement, merger, and acquisitions undertaken by them in the market.

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