The global expanded polypropylene foams market was expected to reach USD 1.90 billion in 2025 increasing at a CAGR of 4.4% from 2019 to 2025. Prevalent use of expanded polypropylene foams owing to its increasing usage in the automotive sector, which helps reduce fuel use in vehicles is one of the contributing factors driving the global expanded polypropylene foams market.
The report gives a detailed analysis if the expanded polypropylene market from 2015 to 2025. The report comprises of market drivers, restraints, and opportunities, along with Porter’s five forces analysis and PESTLE. The product portfolio followed by the strategic developments of the key players is included in the report.
Higher disposable incomes of consumers in the region are expected to have a beneficial influence on the purchase of consumer goods and will also have an impact on food output. In 2019 there was an unprecedented global expanded market for polypropylene foam. In the projected period, strong investment in manufacturing development across major economies has led to an increase in car production and consumer goods, increased product penetration into end-use sectors such as packaging, household items, and furnishings is expected to have a significant impact on the overall demand for extensive EPP (extended polypropylene foam), which, in turn, is projected to fuel the demand for EPP foam beads and molded products in the coming years. The efficient production of propylene, the primary raw material used in the manufacture of EPP foam, has helped to increase the supply of raw materials to the growing market for extended polypropylene (EPP) foam in major economies. However, the supply volatility associated with this product is expected to affect food prices in the coming years.
The demand for extended polypropylene (EPP) foam is distinguished by the presence of major, small, and medium-sized businesses, including raw material suppliers, retailers, manufacturers, and distributors. Key players in the expanding polypropylene (EPP) foam industry, such as JSP Corporation and BASF SE, are pursuing the consolidated supply chain, resulting in entry barriers for both raw material suppliers and drug manufacturers. The growing end-use selection of the company can be due to superior performance efficiencies, such as longevity, chemical and water resistance, thermal insulation, and recyclability. The growing demand for chemical and water-resistant materials in the packaging and consumer goods industries is slated to propel product demand over the forecast period.
The global expanded polypropylene foams market has been segmented based on type, application, and region. Based on type, the global expanded polypropylene foam market is categorized into low-density EPP foam, medium density EPP foam, and high-density EPP foam. The medium density sector is expected to have the second-highest growth rate of 4.7% in revenue during the estimated period. This is due to the growing use of drugs in consumer goods such as cars, toys, and appliances. The fast-growing consumer goods industry is expected to fuel product demand in the forecast years in major economies across the globe.
The consumer products industry is expected to see a major rise in the coming years due to the rising use of medications for the manufacture of electronics, clothing, toys, and household appliances. The growing demand for such goods primarily in developed countries is serving as a core driver of the market for extended polypropylene (EPP) foam.
Key Segments of the Global Expanded Polypropylene Foam Market
Product Overview, 2015 - 2025 (USD Million) (Kilo Tons)
- Low Density EPP Foam
- Medium Density EPP Foam
- High Density EPP Foam
Application Overview, 2015 - 2025 (USD Million) (Kilo Tons)
- Consumer Products
Regional Overview, 2015 - 2025 (USD Million) (Kilo Tons)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa