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Expanded Polypropylene Foam Market to Reach USD 1.73 Billion by 2030, Growing at a CAGR of 6.3 Percetage

12-12-2024 05:44 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Expanded Polypropylene Foam market

Expanded Polypropylene Foam market

๐„๐ฑ๐ฉ๐š๐ง๐๐ž๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐ž๐ง๐ž ๐…๐จ๐š๐ฆ ๐ฆ๐š๐ซ๐ค๐ž๐ญ was valued at USD 1125 Million in 2023, and it is expected to reach USD 1725.40 Million by 2030, exhibiting a CAGR of 6.3 % during the forecast period (2024-2030)

๐„๐ฑ๐ฉ๐š๐ง๐๐ž๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐ž๐ง๐ž ๐…๐จ๐š๐ฆ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The expanded polypropylene (EPP) foam market is expanding rapidly, driven by its diverse applications in automotive, packaging, and construction sectors. Known for its lightweight, durable, and recyclable properties, EPP foam is increasingly sought after for eco-friendly solutions and cost-efficiency. As demand for sustainable materials grows, the EPP market is expected to witness significant growth.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/93313/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฑ๐ฉ๐š๐ง๐๐ž๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐ž๐ง๐ž ๐…๐จ๐š๐ฆ ๐ฆ๐š๐ซ๐ค๐ž๐ญ:

Key drivers include the growing demand for lightweight materials in automotive and packaging industries, alongside increasing consumer awareness of sustainable, recyclable products. Additionally, the expansion of the construction and electronics sectors is propelling market growth, as EPP foam provides superior insulation and impact protection.

๐„๐ฑ๐ฉ๐š๐ง๐๐ž๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐ž๐ง๐ž ๐…๐จ๐š๐ฆ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Notable trends in the EPP market include a shift toward more sustainable production practices, the integration of EPP foam in electric vehicle (EV) manufacturing, and technological advancements that enhance its properties. Additionally, the growth of e-commerce and demand for protective packaging solutions is further contributing to the rising adoption of EPP foam across multiple industries.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/93313/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฑ๐ฉ๐š๐ง๐๐ž๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐ž๐ง๐ž ๐…๐จ๐š๐ฆ ๐ฆ๐š๐ซ๐ค๐ž๐ญ

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's booming automotive sector is witnessing a rise in demand for lightweight materials like EPP foam. The growing consumer preference for sustainable packaging solutions also opens new avenues for manufacturers like Vietnam Plastic Joint Stock Company to innovate and expand production.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐'๐ฌ ๐„๐๐ ๐…๐จ๐š๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ

In Thailand, the expanding construction and packaging industries are major contributors to the rise in EPP foam consumption. With local players such as Thai Foam Industry Co. Ltd. investing in expanding their production capabilities, Thailand is expected to become a key market for EPP foam in Southeast Asia.

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง'๐ฌ ๐„๐๐ ๐…๐จ๐š๐ฆ ๐’๐ž๐œ๐ญ๐จ๐ซ

Japan has seen significant mergers and acquisitions in the EPP foam market, especially in the automotive sector. Companies like Sekisui Chemical Co. Ltd. have consolidated with smaller producers to strengthen their foothold in the global market and cater to the growing demand for lightweight, energy-efficient materials.

๐”๐ฉ๐ ๐ซ๐š๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea is focusing on upgrading its EPP foam manufacturing capabilities with the latest technology, such as the incorporation of recycled materials. Companies like LG Chem are at the forefront of these innovations, increasing the sustainability of their products while meeting the increasing demand for EPP foam in electronics packaging.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž'๐ฌ ๐„๐๐ ๐…๐จ๐š๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Singapore's strong push towards sustainable manufacturing and packaging solutions presents significant growth opportunities for the EPP foam market. Companies like Singtel are exploring eco-friendly alternatives in packaging and logistics, creating opportunities for EPP foam suppliers to meet green building and packaging standards.

๐„๐๐ ๐…๐จ๐š๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The United States is witnessing a surge in demand for EPP foam, particularly in the automotive and packaging sectors. The growth of electric vehicles is a major contributor, with companies like General Motors and Tesla increasingly turning to EPP foam for lightweight components.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐„๐๐ ๐…๐จ๐š๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Europe remains a key market for expanded polypropylene foam, with strong demand driven by the automotive and construction sectors. Companies such as BASF and Polystyrene are innovating to create more sustainable and cost-effective EPP foam solutions, further enhancing their market presence.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐„๐๐ ๐…๐จ๐š๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ

In the past year, PlastiComp announced the acquisition of Gurit to expand its production capacity for EPP foam. Additionally, Ineos Styrolution launched a new range of EPP foam materials designed for automotive applications, setting new industry standards for performance and environmental sustainability.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/93313/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐„๐ฑ๐ฉ๐š๐ง๐๐ž๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐ž๐ง๐ž ๐…๐จ๐š๐ฆ ๐ฆ๐š๐ซ๐ค๐ž๐ญ:

by Product Type

Low-density
Medium-density
High-density

by Application

Bumpers
Roof Pillars
Seat Bracing
Armrests
Others

by End-Use

Industry Automotive
Packaging
Consumer Goods
Appliances
Others

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐„๐ฑ๐ฉ๐š๐ง๐๐ž๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐ž๐ง๐ž ๐…๐จ๐š๐ฆ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Sonoco Products Company (U.S.)
2. Clark Foam Products Corp. (U.S.)
3. SP Corporation (U.S.)
4. Package Design & Manufacturing Inc. (U.S.)
5. Woodbridge Group (Canada)
6. JSP Corp. (Japan)
7. Kaneka Corp. (Japan)
8. Furukawa Electric Co., Ltd. (Japan)
9. Hanwha Corp. (South Korea)
10. Polyfoam Australia Pty Ltd (Australia)
11. BASF SE (Germany)
12. DS Smiths plc (UK)
13. Knauf Industries (France)
14. IZOBLOK (Poland)
15. Armacell International S.A. (Switzerland)
16. Chemische Fabrik Budenheim KG (Germany)
17. Automa Multi Styrene (Pty) Ltd (South Africa)

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-expanded-polypropylene-foam-market/93313/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape
โ€ข Expanded Polypropylene Foam market Size, Share, Size & Forecast by different segment
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โ€ข Expanded Polypropylene Foam market Segmentation - A detailed analysis by Product
โ€ข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โ€ข Competitive landscape - Market Leaders, Market Followers, Regional player
โ€ข Competitive benchmarking of key players by region
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆSolid State Transformer Market https://www.maximizemarketresearch.com/market-report/global-solid-state-transformer-market/36056/

โ™ฆGlobal White Cement Market https://www.maximizemarketresearch.com/market-report/global-white-cement-market/16621/

โ™ฆGlobal High Performance Polymer Market https://www.maximizemarketresearch.com/market-report/global-high-performance-polymer-market/104467/

โ™ฆTraction Elevators Market https://www.maximizemarketresearch.com/market-report/traction-elevators-market/188908/

โ™ฆBase Oil Market https://www.maximizemarketresearch.com/market-report/global-base-oil-market/105579/

โ™ฆGlobal Industrial Remote Control Market https://www.maximizemarketresearch.com/market-report/global-intelligent-pump-market/24796/

โ™ฆSpace Logistics Market https://www.maximizemarketresearch.com/market-report/space-logistics-market/184512/

MAXIMIZE MARKET RESEARCH PVT. LTD.

โฎ 3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

โœ† +91 9607365656

๐Ÿ–‚ sales@maximizemarketresearch.com

๐ŸŒ www.maximizemarketresearch.com

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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Transparency Market Research
Expanded Polypropylene (EPP) Foam Systems - Global Industry Analysis 2024
A new research report by Transparency Market Research offers a comprehensive evaluation of the global Expanded Polypropylene Market. The study, titled โ€œExpanded Polypropylene (EPP) Foam Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024โ€, is available for sale on the firmโ€™s website. Expanded polypropylene (EPP) foam is a form of polypropylene. EPP can resume its shape after several impacts. Thus, it has the ability to absorbโ€ฆ