Press release
Expanded Polypropylene Foam Market to Reach USD 1.73 Billion by 2030, Growing at a CAGR of 6.3 Percetage
๐๐ฑ๐ฉ๐๐ง๐๐๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐๐ง๐ ๐ ๐จ๐๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ 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)๐๐ฑ๐ฉ๐๐ง๐๐๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐๐ง๐ ๐ ๐จ๐๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
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.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/93313/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฑ๐ฉ๐๐ง๐๐๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐๐ง๐ ๐ ๐จ๐๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ:
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.
๐๐ฑ๐ฉ๐๐ง๐๐๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐๐ง๐ ๐ ๐จ๐๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/93313/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฑ๐ฉ๐๐ง๐๐๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐๐ง๐ ๐ ๐จ๐๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
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.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐'๐ฌ ๐๐๐ ๐ ๐จ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
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.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง'๐ฌ ๐๐๐ ๐ ๐จ๐๐ฆ ๐๐๐๐ญ๐จ๐ซ
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.
๐๐ฉ๐ ๐ซ๐๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
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.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐'๐ฌ ๐๐๐ ๐ ๐จ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
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.
๐๐๐ ๐ ๐จ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐
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.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐'๐ฌ ๐๐๐ ๐ ๐จ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
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.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐ ๐จ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
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.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/93313/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฑ๐ฉ๐๐ง๐๐๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐๐ง๐ ๐ ๐จ๐๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ:
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
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ฑ๐ฉ๐๐ง๐๐๐ ๐๐จ๐ฅ๐ฒ๐ฉ๐ซ๐จ๐ฉ๐ฒ๐ฅ๐๐ง๐ ๐ ๐จ๐๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
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)
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-expanded-polypropylene-foam-market/93313/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
โข Past Market Size and Competitive Landscape
โข Expanded Polypropylene Foam market Size, Share, Size & Forecast by different segment
โข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โข Expanded Polypropylene Foam market Segmentation - A detailed analysis by Product
โข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โข Competitive landscape - Market Leaders, Market Followers, Regional player
โข Competitive benchmarking of key players by region
โข PESTLE Analysis
โข PORTER's analysis
โข Value chain and supply chain analysis
โข Legal Aspects of business by region
โข Lucrative business opportunities with SWOT analysis
โข Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
โฆSolid State Transformer Market https://www.maximizemarketresearch.com/market-report/global-solid-state-transformer-market/36056/
โฆGlobal White Cement Market https://www.maximizemarketresearch.com/market-report/global-white-cement-market/16621/
โฆGlobal High Performance Polymer Market https://www.maximizemarketresearch.com/market-report/global-high-performance-polymer-market/104467/
โฆTraction Elevators Market https://www.maximizemarketresearch.com/market-report/traction-elevators-market/188908/
โฆBase Oil Market https://www.maximizemarketresearch.com/market-report/global-base-oil-market/105579/
โฆGlobal Industrial Remote Control Market https://www.maximizemarketresearch.com/market-report/global-intelligent-pump-market/24796/
โฆSpace Logistics Market https://www.maximizemarketresearch.com/market-report/space-logistics-market/184512/
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