The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Expanded Polypropylene (EPP) Foam Market Overview
The global expanded polypropylene foam market is anticipated to be valued at USD 984.10 million in 2021, with a compound annual growth rate (CAGR) of 12.24% between 2023 and 2030.
Expanded polypropylene (EPP) foam is a form of polypropylene. The global Expanded Polypropylene (EPP) Foam market is expected to rise in the near future. The increasing product application scope in various industries owing to its superior qualities, such as durability, recyclability, chemical & water resistance, and thermal insulation. Hence, the increasing product penetration in applications, such as packaging, consumer goods, and furniture is projected to fuel the growth of the EPP foam market over the next few years.
Additionally, it is expected that the Expanded Polypropylene (EPP) foam beads and molded products will have large demand in the near future. Also, the rising demand for chemical- and water-resistant materials in the packaging and consumer goods industries is likely to drive product demand over the forecast period. All these notable facts eventually boost the EPP foam market’s development.
Moreover, the easy availability of propylene, which is used as raw material in the production of EPP foam, in major economies has helped strengthen the raw material supply in the global industry. On the other side, the price instability related to this material is expected to affect the final product prices, thus it hampering the market’s growth to some extent.
Expanded Polypropylene (EPP) Foam Market Segment Overview
Based on the density, the High-Density segment has a major share in the market. This is attributed to the rapid expansion of the automotive industry in some major countries such as Germany, China, India, and South Korea, with high uses of this product for passenger safety purposes and NVH reduction applications. Additionally, based on the application, Consumer Goods is the fastest-growing segment in the market. This is on account of the increasing product uses in the production of electronics, furniture, toys, and household appliances due to its enhanced chemical and mechanical properties. Therefore, rising demand for consumer goods, mainly in developing economies, boosting the growth of this segment in the Expanded Polypropylene (EPP) Foam market.
Expanded Polypropylene (EPP) Foam Regional Overview
North America and Europe have a major share in the EPP foam market. This is mainly due to the majority of manufacturers of the EPP foam are located in these regions. Also, many recognized players are entering the Asia Pacific market to grasp an additional market share. The market of the Asia Pacific is projected to grow at the fastest rate owing to rising investments in technological developments and growing demand for quality products in aviation, automotive, packaging, textile, and food & beverages industries in this region.
Expanded Polypropylene (EPP) Foam Market, Key Players
· BASF SE
· DOW Chemicals
· Hanwha Corporation
· Dongshin Industry Inc.
· Kaneka Corporation
· JSP Corporation
· The Woodbridge Group
· SSW Pearl Foam GmbH
· Sonoco Products Company
· Lauren Manufacturing
· Clark
· DS Smith Plastics
· Furukawa Electric Co., Ltd.
· Knauf Industries
· IZOBLOK
· Armacell International S.A.
Expanded Polypropylene (EPP) Foam Market Segmentation
Expanded Polypropylene (EPP) Foam Market, By Density
· High Density
· Low Density
· Porous Density
Expanded Polypropylene (EPP) Foam Market, By Process
· Solid-State Processing
· Melt-State Processing
Expanded Polypropylene (EPP) Foam Market, By Application
· Automotive
· Packaging
· Consumer Goods
· Appliances
· Others
Expanded Polypropylene (EPP) Foam market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Expanded Polypropylene (EPP) Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Density
- 5.2.1. High Density
- 5.2.2. Low Density
- 5.2.3. Porous Density
- 5.3. Market Analysis, Insights and Forecast – By Process
- 5.3.1. Solid-State Processing
- 5.3.2. Melt-State Processing
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Automotive
- 5.4.2. Packaging
- 5.4.3. Consumer Goods
- 5.4.4. Appliances
- 5.4.5. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Expanded Polypropylene (EPP) Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Density
- 6.2.1. High Density
- 6.2.2. Low Density
- 6.2.3. Porous Density
- 6.3. Market Analysis, Insights and Forecast – By Process
- 6.3.1. Solid-State Processing
- 6.3.2. Melt-State Processing
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Automotive
- 6.4.2. Packaging
- 6.4.3. Consumer Goods
- 6.4.4. Appliances
- 6.4.5. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Expanded Polypropylene (EPP) Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Density
- 7.2.1. High Density
- 7.2.2. Low Density
- 7.2.3. Porous Density
- 7.3. Market Analysis, Insights and Forecast – By Process
- 7.3.1. Solid-State Processing
- 7.3.2. Melt-State Processing
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Automotive
- 7.4.2. Packaging
- 7.4.3. Consumer Goods
- 7.4.4. Appliances
- 7.4.5. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Expanded Polypropylene (EPP) Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Density
- 8.2.1. High Density
- 8.2.2. Low Density
- 8.2.3. Porous Density
- 8.3. Market Analysis, Insights and Forecast – By Process
- 8.3.1. Solid-State Processing
- 8.3.2. Melt-State Processing
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Automotive
- 8.4.2. Packaging
- 8.4.3. Consumer Goods
- 8.4.4. Appliances
- 8.4.5. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Expanded Polypropylene (EPP) Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Density
- 9.2.1. High Density
- 9.2.2. Low Density
- 9.2.3. Porous Density
- 9.3. Market Analysis, Insights and Forecast – By Process
- 9.3.1. Solid-State Processing
- 9.3.2. Melt-State Processing
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Automotive
- 9.4.2. Packaging
- 9.4.3. Consumer Goods
- 9.4.4. Appliances
- 9.4.5. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Expanded Polypropylene (EPP) Foam Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Density
- 10.2.1. High Density
- 10.2.2. Low Density
- 10.2.3. Porous Density
- 10.3. Market Analysis, Insights and Forecast – By Process
- 10.3.1. Solid-State Processing
- 10.3.2. Melt-State Processing
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Automotive
- 10.4.2. Packaging
- 10.4.3. Consumer Goods
- 10.4.4. Appliances
- 10.4.5. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. BASF SE
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. DOW Chemicals
- 11.6. Hanwha Corporation
- 11.7. Dongshin Industry Inc.
- 11.8. Kaneka Corporation
- 11.9. JSP Corporation
- 11.10. The Woodbridge Group
- 11.11. SSW Pearl Foam GmbH
- 11.12. Sonoco Products Company
- 11.13. Lauren Manufacturing
- 11.14. Clark
- 11.15. DS Smith Plastics
- 11.16. Furukawa Electric Co., Ltd.
- 11.17. Knauf Industries
- 11.18. IZOBLOK
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
