발포 폴리프로필렌 폼 시장 : 세계 시장 규모, 점유율, 동향 분석, 기회, 예측 리포트(2019-2029년)

Global Expanded Polypropylene (EPP) Foam Market Size Set to Steadily Grow at CAGR of 5.81% Reaching USD 1.81 Billion by 2029

Global Expanded Polypropylene (EPP) Foam Market is gaining traction because of the increasing demand for EPP foam for sustainable packaging solutions from various sectors, mainly automobiles.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global Expanded Polypropylene (EPP) Foam Market size at USD 1.22 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Global Expanded Polypropylene (EPP) Foam Market size to grow at a CAGR of 5.81% reaching a value of USD 1.81 billion by 2029. Due to its many favorable characteristics, including high heat resistance and structural strength, expanded polypropylene (EPP) foam is finding increasing use in the automotive industry, which is one of the key growth reasons for its market growth. Furthermore, EPP foam is also entirely recyclable, which is helping it gain popularity as an eco-friendly packaging option. Over the course of the forecast period, this is expected to fuel the growth of the Global EPP Foam Market.

Opportunity: Technological Advancements in EPP Foam

The wide range of applications and expanding demand for expanded polypropylene (EPP) foam is presenting lucrative growth opportunities to its global market. The industry players as well as research institutions are significantly investing in technological advancements in EPP extrusion. Sulzer Chemtech, a Switzerland-based company, and Borealis, an Austrian chemical company, jointly launched a new EPP foam extrusion technology with higher cost efficiency. This innovative technology is also said to have higher efficiency across the value chain and is expected to cut manufacturing costs by up to 60%, as reported by Plastics Technology.

Global Expanded Polypropylene (EPP) Foam Market - By Application

Based on application, the Global Expanded Polypropylene (EPP) Foam Market is segmented into automotive, packaging, consumer goods, and others. The automotive sector accounts for the largest share of the market. EPP foam is widely used in the production of automobiles and numerous car interior components. It also offers various favorable properties, such as high impact absorption performance, lightweight, and energy absorption, which makes it a preferred material in the industry. According to the European Automobile Manufacturers Association, 85.4 million motor vehicles were produced globally in 2022, a 5.7% increase from 2021. With booming automobile production worldwide, the demand for EPP foam is also projected to surge during the forecast period.

Impact of Escalating Geopolitical Tensions on Global Expanded Polypropylene (EPP) Foam Market

The raging war between Israel and Hamas, a Palestine-based militant and nationalist organization, sends shockwaves across various industries, transcending geographic boundaries and affecting businesses globally. The conflict between Israel-Hamas has been a longstanding, deeply entrenched geopolitical issue. On October 07, 2023, Hamas, in a surprise and heavy attack, struck Israel with thousands of rockets and infiltrations. In response, the prime minister of Israel declared war against Hamas and anticipated that the war would be 'long and difficult.' The United States has sent its warships and aid to Israel and stated that its citizens were killed in the war. As of October 31, 2023, it was estimated that more than 10,000 people were killed in the war.

The intensifying war between Israel and Palestine may directly influence the manufacturing operations of the automobile industry, which is a leading end-user sector of expanded polypropylene (EPP) foam. Israel is one of the leading importers of semiconductors used in autonomous vehicles. Modern automobiles, particularly electric cars, require semiconductors since they are used in many different applications, such as monitoring and regulating systems. It is predicted that the disruption of the supply chain and the suspension of semiconductor manufacture in Israel would have a detrimental effect on global vehicle production. The disruption in the automobile sector is expected to have a direct impact on OEM demand for EPP foam, which may affect the growth of Global Expanded Polypropylene (EPP) Foam Market.

Competitive Landscape

Major players operating in the Global Expanded Polypropylene (EPP) Foam Market include Engineered Foam Products, Knauf Industries, Plymouth Foam, K. K. Nag Pvt Ltd, Schaumaplast Group, ARPLANK Direct, BASF SE, JSP Corporation, Hanwha Advanced Materials, BEWI, Sonoco Products Company, Kaneka Corporation, and Yanfeng Woodbridge Lightweight Composites Co., Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Expanded Polypropylene (EPP) Foam Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Expanded Polypropylene (EPP) Foam Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

1. Research Framework

• 1.1. Research Objective
• 1.2. Product Overview
• 1.3. Market Segmentation

2. Executive Summary

3. Global Expanded Polypropylene (EPP) Foam Market Insights

• 3.1. Industry Value Chain Analysis
• 3.2. DROC Analysis
  • 3.2.1. Growth Drivers
    • 3.2.1.1. Rising automotive production
    • 3.2.1.2. Sustainable packaging solutions
  • 3.2.2. Restraints
    • 3.2.2.1. High initial cost
    • 3.2.2.2. Competition from alternative materials
  • 3.2.3. Opportunities
    • 3.2.3.1. Emerging applications
    • 3.2.3.2. Customization and innovation
  • 3.2.4. Challenges
    • 3.2.4.1. Price Volatility
• 3.3. Technological Advancements/Recent Developments
• 3.4. Regulatory Framework
• 3.5. Porter's Five Forces Analysis
  • 3.5.1. Bargaining Power of Suppliers
  • 3.5.2. Bargaining Power of Buyers
  • 3.5.3. Threat of New Entrants
  • 3.5.4. Threat of Substitutes
  • 3.5.5. Intensity of Rivalry

4. Global Expanded Polypropylene (EPP) Foam Market Overview

• 4.1. Market Size & Forecast, 2019-2029
  • 4.1.1. By Value (USD Billion)
• 4.2. Market Share and Forecast
  • 4.2.1. By Type
    • 4.2.1.1. Low-density
    • 4.2.1.2. High-density
    • 4.2.1.3. Porous EPP
  • 4.2.2. By Application
    • 4.2.2.1. Automotive
    • 4.2.2.2. Packaging
    • 4.2.2.3. Consumer Goods
    • 4.2.2.4. Others
  • 4.2.3. By Region
    • 4.2.3.1. North America
    • 4.2.3.2. Europe
    • 4.2.3.3. Asia Pacific (APAC)
    • 4.2.3.4. Latin America (LATAM)
    • 4.2.3.5. Middle East and Africa (MEA)

5. North America Expanded Polypropylene (EPP) Foam Market

• 5.1. Market Size & Forecast, 2019-2029
  • 5.1.1. By Value (USD Billion)
• 5.2. Market Share & Forecast
  • 5.2.1. By Type
  • 5.2.2. By Application
  • 5.2.3. By Country
    • 5.2.3.1. United States
    • 5.2.3.1.1. By Type
    • 5.2.3.1.2. By Application
    • 5.2.3.2. Canada
    • 5.2.3.2.1. By Type
    • 5.2.3.2.2. By Application

6. Europe Expanded Polypropylene (EPP) Foam Market

• 6.1. Market Size & Forecast, 2019-2029
  • 6.1.1. By Value (USD Billion)
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Application
  • 6.2.3. By Country
    • 6.2.3.1. Germany
    • 6.2.3.1.1. By Type
    • 6.2.3.1.2. By Application
    • 6.2.3.2. United Kingdom
    • 6.2.3.2.1. By Type
    • 6.2.3.2.2. By Application
    • 6.2.3.3. Italy
    • 6.2.3.3.1. By Type
    • 6.2.3.3.2. By Application
    • 6.2.3.4. France
    • 6.2.3.4.1. By Type
    • 6.2.3.4.2. By Application
    • 6.2.3.5. Spain
    • 6.2.3.5.1. By Type
    • 6.2.3.5.2. By Application
    • 6.2.3.6. Belgium
    • 6.2.3.6.1. By Type
    • 6.2.3.6.2. By Application
    • 6.2.3.7. Russia
    • 6.2.3.7.1. By Type
    • 6.2.3.7.2. By Application
    • 6.2.3.8. The Netherlands
    • 6.2.3.8.1. By Type
    • 6.2.3.8.2. By Application
    • 6.2.3.9. Rest of Europe
    • 6.2.3.9.1. By Type
    • 6.2.3.9.2. By Application

7. Asia-Pacific Expanded Polypropylene (EPP) Foam Market

• 7.1. Market Size & Forecast, 2019-2029
  • 7.1.1. By Value (USD Billion)
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Application
  • 7.2.3. By Country
    • 7.2.3.1. China
    • 7.2.3.1.1. By Type
    • 7.2.3.1.2. By Application
    • 7.2.3.2. India
    • 7.2.3.2.1. By Type
    • 7.2.3.2.2. By Application
    • 7.2.3.3. Japan
    • 7.2.3.3.1. By Type
    • 7.2.3.3.2. By Application
    • 7.2.3.4. South Korea
    • 7.2.3.4.1. By Type
    • 7.2.3.4.2. By Application
    • 7.2.3.5. Australia & New Zealand
    • 7.2.3.5.1. By Type
    • 7.2.3.5.2. By Application
    • 7.2.3.6. Indonesia
    • 7.2.3.6.1. By Type
    • 7.2.3.6.2. By Application
    • 7.2.3.7. Malaysia
    • 7.2.3.7.1. By Type
    • 7.2.3.7.2. By Application
    • 7.2.3.8. Singapore
    • 7.2.3.8.1. By Type
    • 7.2.3.8.2. By Application
    • 7.2.3.9. Vietnam
    • 7.2.3.9.1. By Type
    • 7.2.3.9.2. By Application
    • 7.2.3.10. Rest of APAC
    • 7.2.3.10.1. By Type
    • 7.2.3.10.2. By Application

8. Latin America Expanded Polypropylene (EPP) Foam Market

• 8.1. Market Size & Forecast, 2019-2029
  • 8.1.1. By Value (USD Billion)
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Application
  • 8.2.3. By Country
    • 8.2.3.1. Brazil
    • 8.2.3.1.1. By Type
    • 8.2.3.1.2. By Application
    • 8.2.3.2. Mexico
    • 8.2.3.2.1. By Type
    • 8.2.3.2.2. By Application
    • 8.2.3.3. Argentina
    • 8.2.3.3.1. By Type
    • 8.2.3.3.2. By Application
    • 8.2.3.4. Peru
    • 8.2.3.4.1. By Type
    • 8.2.3.4.2. By Application
    • 8.2.3.5. Rest of LATAM
    • 8.2.3.5.1. By Type
    • 8.2.3.5.2. By Application

9. Middle East & Africa Expanded Polypropylene (EPP) Foam Market

• 9.1. Market Size & Forecast, 2019-2029
  • 9.1.1. By Value (USD Billion)
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Application
  • 9.2.3. By Country
    • 9.2.3.1. Saudi Arabia
    • 9.2.3.1.1. By Type
    • 9.2.3.1.2. By Application
    • 9.2.3.2. UAE
    • 9.2.3.2.1. By Type
    • 9.2.3.2.2. By Application
    • 9.2.3.3. Qatar
    • 9.2.3.3.1. By Type
    • 9.2.3.3.2. By Application
    • 9.2.3.4. Kuwait
    • 9.2.3.4.1. By Type
    • 9.2.3.4.2. By Application
    • 9.2.3.5. South Africa
    • 9.2.3.5.1. By Type
    • 9.2.3.5.2. By Application
    • 9.2.3.6. Nigeria
    • 9.2.3.6.1. By Type
    • 9.2.3.6.2. By Application
    • 9.2.3.7. Algeria
    • 9.2.3.7.1. By Type
    • 9.2.3.7.2. By Application
    • 9.2.3.8. Rest of MEA
    • 9.2.3.8.1. By Type
    • 9.2.3.8.2. By Application

10. Competitive Landscape

• 10.1. List of Key Players and Their Offerings
• 10.2. Global Expanded Polypropylene (EPP) Foam Market Share Analysis, 2022
• 10.3. Competitive Benchmarking, By Operating Parameters
• 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Expanded Polypropylene (EPP) Foam Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

• 12.1. Engineered Foam Products
• 12.2. Knauf Industries
• 12.3. Plymouth Foam
• 12.4. K. K. Nag Pvt Ltd
• 12.5. Schaumaplast Group
• 12.6. ARPLANK Direct
• 12.7. BASF SE
• 12.8. JSP Corporation
• 12.9. Hanwha Advanced Materials
• 12.10. BEWI
• 12.11. Sonoco Products Company
• 12.12. Kaneka Corporation
• 12.13. Yanfeng Woodbridge Lightweight Composites Co., Ltd
• 12.14. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

• 14.1. Qualitative Research
  • 14.1.1. Primary & Secondary Research
• 14.2. Quantitative Research
• 14.3. Market Breakdown & Data Triangulation
  • 14.3.1. Secondary Research
  • 14.3.2. Primary Research
• 14.4. Breakdown of Primary Research Respondents, By Region
• 14.5. Assumptions & Limitations