Expanded Polypropylene Foam Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Apr 2021 | No. of Pages : 250 Pages | Category : Chemical and Material

The global Expanded Polypropylene Foam market size is expected to be worth around US$ 2.56 billion by 2030, according to a new report by Vision Research Reports.

The global Expanded Polypropylene Foam market size was valued at US$ 936.8 Mn in 2020 and is anticipated to grow at a CAGR of 7.3% during forecast period 2021 to 2030.

Growth Factors

Rapid expansion of the global automotive industry in recent years has been the major growth-driving factor for the market. The product is widely used in the automotive industry; for instance, in the production of floor, door, and hood panels, primarily for noise and thermal insulation in passenger and commercial cars. The considerable growth of the automotive industry in Germany, China, and India is expected to drive product demand over the projected period.

Furthermore, the increasing scope of product application in the consumer goods, construction, and packaging industries is expected to have a positive impact on the overall market growth over the coming years. The increasing use of molded EPP (Expanded Polypropylene) foam products in protective packaging and flexible packaging applications respectively in several verticals, including medical, consumer electronics, food & beverages, household appliances, and industrial equipment, is also expected to drive the industry growth over the forecast period. The appliances end-use segment is expected to witness the fastest CAGR, in terms of revenue, during the forecast period. The rapidly growing appliances industry across major economies of Asia Pacific, Europe, and North America is expected to drive the product demand in this segment.

Report Highlights

The high-density product segment accounted for the highest revenue share of more than 50% in 2020 and is expected to grow at the fastest CAGR during the forecast period. This high growth can be attributed to the rapid expansion of the automotive industry in key economies, such as Germany, China, India, and South Korea, with high product usage for passenger safety and NVH reduction applications.

The low-density product segment accounted for the second-highest revenue share in 2020 and is expected to grow at a steady CAGR over the forecast period. The considerable growth of this segment can be attributed to the growing product demand in the packaging industry, owing to its superior characteristics compared to other common materials.

The medium-density product segment is expected to register the second-fastest growth rate during the forecast period owing to the increasing use of the product in consumer goods, such as electronics, toys, and appliances. The fast-emerging consumer goods industry in major economies across the globe is expected to drive the segment growth over the forecast years.

The segment is estimated to have a high growth potential in Asia Pacific, Europe, and North America, mainly as a result of the rapid expansion of the consumer goods industry in these regions. Moreover, rising consumer disposable income levels in these regions are expected to have a positive impact on the consumer goods demand, thereby supporting the segment growth.

The automotive end-use segment accounted for the largest revenue share of over 43% in 2020. The segment is expected to grow steadily retaining the leading position throughout the forecast period, mainly on account of the increasing product usage in passenger safety and NVH reduction applications. The consumer goods industry is expected to witness significant growth over the coming years. This is mainly due to the growing product usage in the production of electronics, furniture, toys, and household appliances on account of its improved chemical and mechanical properties. Increasing demand for the aforementioned consumer goods, primarily in developing economies, acts as a key driver for the segment growth.

EPP foam offers a high strength-to-weight ratio, impact, chemical, & water resistance, and ease of fabrication, which enables custom designing and printing. The automotive industry uses a significant amount of EPP foam in the floor, door panels, seats, and bumpers for acoustic management, thermal insulation, and impact absorption. The growing importance of reducing overall vehicle weight to improve fuel economy is expected to drive the product demand in the automotive segment over the forecast period. The increasing use of foam beads and molded products in the packaging industry is also a key driver for market growth. The growing importance of and solutions respectively across various end-use verticals, such as electronics, FMCG, and industrial equipment, is expected to have a positive impact on the overall product demand over the coming years.

Asia Pacific dominated the overall market accounting for a revenue share of over 52% in 2020, on account of increased product demand in key end-use verticals, such as consumer goods and packaging. The rapidly-growing automotive industry in the region is expected to drive the product demand over the forecast period.

Japan accounted for a substantial share of the APAC regional market in 2020 and is expected to grow at a steady CAGR over the forecast period mainly due to the presence of key players, such as JSP Corporation, Kaneka Corporation, and Furukawa Electric Co., with extensive product portfolios and vast geographical reach.

The market in Europe is expected to witness significant growth over the coming years on account of the recovering automobile industry and rapidly-emerging consumer goods industry in major economies, such as Germany, France, Spain, and Russia. The presence of key automotive OEMs in the region is expected to strengthen the growth of the automotive sector, thereby driving the product demand.

Key Players

  • JSP Corp.


  • Kaneka Corp.

  • DS Smiths plc

  • Hanwha Corp.

  • Furukawa Electric Co., Ltd.

  • Sonoco Products Company

  • Knauf Industries


  • Clark Foam Products Corp.

  • Armacell International S.A.

Market Segmentation

  • Product Outlook 

    • Low-density

    • Medium-density

    • High-density

  • End-use Outlook 

    • Automotive

      • Bumpers

      • Roof pillars

      • Seat bracing

      • Armrests

      • Others

    • Packaging

      • Food Packaging

      • Non-food Packaging

    • Consumer Goods

      • Electronics

      • Furniture

      • Toys & Sporting Goods

      • Others

    • Appliances

      • Kitchen Appliances

      • Non-Kitchen Appliances

    • Others

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

The Expanded Polypropylene Foam market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Expanded Polypropylene Foam market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Expanded Polypropylene Foam market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Expanded Polypropylene Foam market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Expanded Polypropylene Foam market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Expanded Polypropylene Foam capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Expanded Polypropylene Foam by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Expanded Polypropylene Foam market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Expanded Polypropylene Foam market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Expanded Polypropylene Foam market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Expanded Polypropylene Foam industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Expanded Polypropylene Foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Expanded Polypropylene Foam market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Expanded Polypropylene Foam market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Expanded Polypropylene Foam market. These factors have benefited the growth of the global market for Expanded Polypropylene Foam. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Expanded Polypropylene Foam. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Expanded Polypropylene Foam are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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