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Expanded Polypropylene Foam Market (Type - Low Density; Application - Automotive, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : CM00825

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on expanded polypropylene foam market provides in-depth analysis of segments and sub-segments in the global as well as regional expanded polypropylene foam market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional expanded polypropylene foam market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of global expanded polypropylene foam market. According to the report, the global expanded polypropylene foam market is projected to grow at a CAGR of 5.13% over the forecast period of 2020-2026.

 

Market Insight

Extended polypropylene foam is a profoundly versatile material that has exceptional properties, including extraordinary energy retention, multiple impact resistance, thermal insulation, buoyancy, water and chemical resistance, uncommonly high solidarity to weight proportion, and 100% recyclability. EPP can be made in a wide scope of densities, from 15 to 200 grams for every liter, altered by molding into densities ranging from 18 to 260 grams per liter. EPP is accessible in grades vital for a wide range of uses. High-density grades are used in automotive bumpers and interior passenger safety components as energy management are vital in the sector. Medium densities find applications in furniture and other consumer products and low-density grades are used for packaging applications. Among the global producers, JSP is the world's leading manufacturer of Expanded Polypropylene plastic foam. Among the worldwide makers, JSP is the world's leading producer of Expanded Polypropylene plastic foam.

 

The growing automotive market is the major driving factor for the growth of the Extended Polypropylene (EPP) foam. The automotive industry is one of the largest consumers of expanded polypropylene foams. It is commonly used in automotive parts and owing to its low cost, excellent mechanical properties, and moldability which helps to reduce vehicle weight and saves fuel. In addition, increasing production of the electric cars is promoting the expanded polypropylene foam market’s growth, as expanded polypropylene plays a noteworthy role in making electric cars lightweight and thermally insulated and enhancing energy absorption capabilities. Furthermore, the reusability of the EPP has contributed to the rising preference of the material in the furniture, consumer goods, and construction industries. As recyclability and reusability are becoming a major consideration factor in the overall manufacturing sector and as this trend is expected to continue over the years to come, the market for Extended Polypropylene (EPP) foam will witness an upsurge in the upcoming years. However, the high cost of the material, as well as the availability of other substitutes, will considerably affect the growth of the extended polypropylene foam market. Moreover, the growing application of extended polypropylene foam in an extensive range of industries such as packaging, aerospace, and other industries will create fruitful opportunities for the growth of the market.

 

 Among the geographies, the Asia Pacific region is expected to witness significant growth in the global expanded polypropylene foam market owing to increased product demand in key end-use verticals such as consumer goods and packaging. North America is the second-largest market for expanded polypropylene foam due to developments in the automobile and packaging sectors. Recent developments in the automobile and packaging sectors in North America are expected to drive the demand for the EPP foam in application segments. The consumption of the EPP foam is also high in the European region owing to its applications in automotive components, consumer products, and buildings and construction work. The presence of key automotive OEMs in the Europe region is anticipated to strengthen automotive growth, thereby also driving EPP foam demand.


Global Expanded Polypropylene Foam Market

 

Segment Covered

The report on global expanded polypropylene foam market covers segments such as type, and application. On the basis of type, the sub-markets include low density. On the basis of application, the sub-markets include automotive, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as JSP Corporation, DS Smith plc, Furukawa Electric Co., Ltd., Hanwha Corporation, Sonoco Products Company, IZOBLOK, Dongshin Industry, Inc., and Clark Foam Products Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of expanded polypropylene foam market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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