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Expanded Polypropylene (EPP) Foam Market Size (2024 - 2029)

The Expanded Polypropylene Foam Market is projected to experience significant growth over the forecast period, driven by its non-toxic and recyclable properties and increasing demand from packaging industries. Despite challenges such as the declining automobile industry and competition from other structural foams, the market is expected to expand, with opportunities arising from the demand for bio-based polypropylene foam and the adoption of electric vehicles. The Asia-Pacific region leads in market dominance and is anticipated to exhibit the highest growth rate.

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Market Size of Expanded Polypropylene (EPP) Foam Industry

Expanded Polypropylene (EPP) Foam Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 469.83 Million
Market Size (2029) USD 665.45 Million
CAGR (2024 - 2029) 7.21 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Expanded Polypropylene (EPP) Foam Market Major Players

*Disclaimer: Major Players sorted in no particular order

Expanded Polypropylene (EPP) Foam Market Analysis

The Expanded Polypropylene Foam Market size is estimated at USD 469.83 million in 2024, and is expected to reach USD 665.45 million by 2029, growing at a CAGR of 7.21% during the forecast period (2024-2029).

The market was negatively impacted due to the COVID-19 pandemic in 2020. However, the condition recovered in 2021, and it is expected to observe a stable growth trajectory over the forecast period.

  • Over the short term, the non-toxic and recyclable nature of the material and the rising demand from packaging industries are some of the driving factors which are stimulating the market demand.
  • The declining automobile Industry through previous years and higher prices, among other structural foams available in the market, may hinder the market's growth.
  • On the flip side, higher prices, among other structural foams, are likely to act as restraints for the market studied during the forecast period.
  • The rising demand for bio-based polypropylene foam, its emergence as a replacement for other products, and the increasing adoption of electric vehicles are likely to create opportunities for the market in the coming years.
  • The Asia-Pacific region dominated the market and is expected to witness the highest CAGR over the forecast period.

Expanded Polypropylene (EPP) Foam Industry Segmentation

Expanded polypropylene (EPP) is a highly versatile closed-cell bead foam that provides a unique range of properties, including outstanding energy absorption, multiple impact resistance, thermal insulation, buoyancy, water and chemical resistance, exceptionally high strength-to-weight ratio, and 100% recyclability. The expanded polypropylene (EPP) foam market is segmented by raw material, foam, application, and geography. By raw material, the market is segmented into synthetic polypropylene and bio-based polypropylene. By foam, the market is segmented into fabricated EPP, molded EPP, and other foams. By application, the market is segmented into automotive, dunnage, furniture, food packaging, HVAC, sports and leisure, and other applications. The report offers the market sizes and forecasts for 15 countries across the major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).

Raw Material
Synthetic Polypropylene
Bio-based Polypropylene
Foam
Fabricated EPP
Molded EPP
Other Foams
Application
Automotive
Dunnage
Furniture
Food Packaging
HVAC
Sports and Leisure
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Expanded Polypropylene (EPP) Foam Market Size Summary

The expanded polypropylene (EPP) foam market is poised for significant growth over the forecast period, driven by its non-toxic and recyclable properties, which are increasingly favored in the packaging industry. Despite challenges such as the declining automobile sector and competition from other structural foams, the market is expected to benefit from the rising demand for bio-based polypropylene foam and its adoption in electric vehicles. The Asia-Pacific region, particularly China, is a dominant force in the market, with its robust automotive industry and growing manufacturing activities fueling the demand for EPP foams. The region's focus on environmental sustainability and fuel efficiency further propels the market's expansion.

In the automotive sector, EPP foams are extensively used due to their excellent impact absorption and recoverability, which contribute to vehicle weight reduction and improved fuel efficiency. The increasing production of electric vehicles, which require lightweight and thermally insulated materials, is a significant driver for the EPP foam market. Additionally, the market's consolidation is evident with major players like BASF SE, JSP, Hanwha Solutions, BEWI (Izoblok), and Kaneka Corporation actively shaping the industry's landscape through strategic investments and acquisitions. The Indian market also shows promising growth, driven by its strong packaging and furniture industries, which are expected to continue boosting the demand for EPP foams.

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Expanded Polypropylene (EPP) Foam Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Non-toxic and Recyclable Nature of the Material

      2. 1.1.2 Rising Demand from the Packaging Industry

    2. 1.2 Restraints

      1. 1.2.1 Declining Automobile Industry Through Previous Years

      2. 1.2.2 Higher Price Among Other Structural Foams

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter Five Forces

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Price Analysis

  2. 2. MARKET SEGMENTATION (Market Size by Revenue)

    1. 2.1 Raw Material

      1. 2.1.1 Synthetic Polypropylene

      2. 2.1.2 Bio-based Polypropylene

    2. 2.2 Foam

      1. 2.2.1 Fabricated EPP

      2. 2.2.2 Molded EPP

      3. 2.2.3 Other Foams

    3. 2.3 Application

      1. 2.3.1 Automotive

      2. 2.3.2 Dunnage

      3. 2.3.3 Furniture

      4. 2.3.4 Food Packaging

      5. 2.3.5 HVAC

      6. 2.3.6 Sports and Leisure

      7. 2.3.7 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Expanded Polypropylene (EPP) Foam Market Size FAQs

The Expanded Polypropylene (EPP) Foam Market size is expected to reach USD 469.83 million in 2024 and grow at a CAGR of 7.21% to reach USD 665.45 million by 2029.

In 2024, the Expanded Polypropylene (EPP) Foam Market size is expected to reach USD 469.83 million.

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EPP Foam Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)