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Expanded Polypropylene (EPP) Foam Market Trends

Report ID: GMI7000
Published Date: Oct 2023
Report Format: PDF

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Expanded Polypropylene Foam Market Trends

The Expanded Polypropylene foam industry is poised for steady growth, buoyed by diverse industry demand, with notable trends and factors shaping its trajectory. Key drivers include a rising automotive sector's preference for EPP foam, benefiting from its lightweight, energy-absorbing, and durable attributes. Simultaneously, the packaging industry is increasingly embracing EPP foam due to its protective and insulating properties, spanning electronics, appliances, and food packaging. Manufacturers' innovation in creating new EPP foam grades, marked by higher density, strength, and flame retardance, broadens its applications. Sustainability gains traction as EPP foam's recyclability aligns with evolving consumer and business eco-consciousness.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of expanded polypropylene foam was worth USD 429.3 million in 2023 and will reach USD 809.4 million by 2032, due to the higher demand from the global automotive sector, to offer lightweight and durable properties.

Expanded polypropylene foam market size from the molded foam type segment reached USD 165.8 million in 2022 and is expected to witness commendable growth from 2023 to 2032, on account of its exceptional shock-absorbing and insulating properties.

U.S. expanded polypropylene foam market size recorded USD 91.4 million in 2022 and is expected to witness commendable growth through 2032, owing to the presence of robust automotive sector and the growth of e-commerce in the region.

JSP Corporation, BASF SE, Kaneka Corporation, Furukawa Electric Co., Ltd., DS Smith PLC, and Hanwha Corporation are some of the major expanded polypropylene foam companies worldwide.