발포 폴리프로필렌 폼 시장 예측(-2030년) : 형태, 유형, 원료, 최종사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Expanded Polypropylene (EPP) Foam Market is accounted for $1500.63 million in 2024 and is expected to reach $2489.14 million by 2030 growing at a CAGR of 8.8% during the forecast period. Expanded Polypropylene (EPP) foam is highly versatile closed-cell bead foam known for its exceptional energy absorption, impact resistance, and buoyancy. It is lightweight, flexible, and resistant to water, chemicals, and oils. EPP foam is widely used in various applications, including automotive components, packaging, sports equipment, and consumer products, due to its durability and ability to retain its shape after multiple impacts.

Market Dynamics:

Driver:

Optimum performance and low weight of EPP Foam

Expanded polypropylene (EPP) foam drivers are highly valued in the EPP foam market for their optimal performance and low weight. These drivers combine excellent energy absorption with outstanding impact resistance, making them ideal for automotive, packaging, and consumer goods applications. EPP foam's lightweight nature contributes to fuel efficiency in vehicles and reduces shipping costs in packaging. Additionally, the material's resilience and ability to maintain performance over a wide temperature range enhance its appeal. EPP foam is also recyclable and environmentally friendly, further driving its popularity in various industries.

Restraint:

Less awareness about EPP foam

Less awareness about EPP foam restraint in the Expanded Polypropylene (EPP) foam market stems from several factors. Many potential users and industries are not fully aware of the unique benefits of EPP foam, such as its exceptional energy absorption, durability, and recyclability. Additionally, there is a lack of widespread educational initiatives and marketing efforts to highlight these advantages. This gap in knowledge can hinder the adoption of EPP foam, as decision-makers may opt for more familiar materials despite EPP foam's superior performance characteristics.

Opportunity:

Growing demand for EPP foam in end-use industries

The growing demand for expanded polypropylene (EPP) foam in end-use industries presents a significant market opportunity. EPP foam's lightweight, durable, and recyclable nature makes it highly sought after in the automotive, packaging, consumer goods, and construction sectors. In automotive, it contributes to fuel efficiency and safety due to its energy absorption properties. The packaging industry benefits from its protective qualities and environmental friendliness. Additionally, consumer electronics and appliance markets are increasingly adopting EPP foam for its cushioning and thermal insulation properties. As sustainability and performance standards rise, the versatility and eco-friendly attributes of EPP foam drive its expanding market potential.

Threat:

Volatility in raw material prices

Volatility in raw material prices poses a significant threat to the Expanded Polypropylene (EPP) foam market. EPP foam production relies heavily on polypropylene resin, which is derived from petroleum. Fluctuations in crude oil prices directly impact the cost of polypropylene, causing price instability. This unpredictability makes it challenging for manufacturers to maintain consistent production costs and profit margins. Additionally, supply chain disruptions and geopolitical factors can further exacerbate raw material price volatility, leading to increased operational risks and financial uncertainty for companies in the EPP foam market.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the Expanded Polypropylene (EPP) Foam market. Supply chain disruptions due to lockdowns and restrictions led to a shortage of raw materials and delays in production. Additionally, decreased demand from key industries such as automotive and construction during the early phases of the pandemic caused a temporary dip in market growth. However, the market saw a rebound as EPP foam's applications in packaging, healthcare, and personal protective equipment (PPE) gained prominence. The increased focus on hygiene and safety spurred demand for EPP foam in medical packaging and other protective uses, contributing to the market's recovery and growth post-pandemic.

The Synthetic Polypropylene segment is expected to be the largest during the forecast period

The synthetic polypropylene segment is experiencing significant growth within the Expanded Polypropylene (EPP) foam market due to its versatile applications and superior properties. EPP foam, known for its lightweight, impact resistance, and thermal insulation, is increasingly used in the automotive, packaging, and consumer goods sectors. The demand for synthetic polypropylene is driven by the automotive industry's focus on weight reduction and energy efficiency, as well as the packaging industry's need for durable and protective materials.

The Packaging segment is expected to have the highest CAGR during the forecast period

The packaging segment of the Expanded Polypropylene (EPP) foam market is experiencing significant growth due to its exceptional properties such as lightweight, durability, and excellent cushioning. EPP foam's ability to absorb shock and resist multiple impacts makes it ideal for protecting delicate and high-value items during transportation. Additionally, the material's recyclability and sustainability appeal to eco-conscious consumers and companies. With increasing demand in the e-commerce and logistics sectors, driven by a surge in online shopping, the need for effective packaging solutions is propelling the expansion of EPP foam usage in this segment.

Region with largest share:

The North American region has witnessed significant growth in the Expanded Polypropylene (EPP) Foam market, driven by rising demand across various industries such as automotive, packaging, and consumer goods. EPP foam's lightweight, recyclable, and energy-absorbing properties make it an attractive material for automotive applications, particularly in safety and fuel efficiency enhancements. Additionally, the increasing emphasis on sustainable and eco-friendly materials has bolstered their adoption in packaging solutions. Technological advancements and investments in research and development have further propelled market expansion, positioning North America as a key player in the global EPP foam industry.

Region with highest CAGR:

The Asia-Pacific region has witnessed significant growth in the Expanded Polypropylene (EPP) Foam market due to several factors. Rising demand across diverse industries, such as automotive, packaging, and consumer goods, has been a major driver. Additionally, the region's burgeoning manufacturing sector, coupled with increasing disposable income and urbanization, has fueled the demand for lightweight and durable materials like EPP foam. Moreover, the growing awareness regarding the benefits of EPP foam, such as its recyclability and impact resistance, has further propelled its adoption.

Key players in the market

Some of the key players in Expanded Polypropylene (EPP) Foam market include Armacell International S.A, BASF SE, Chemische Fabrik Budenheim KG, Clark Foam Products Corp, Dongshin Industry Inc, DS Smiths plc, Furukawa Electric Co., Ltd., Hanwha Chemical Corporation, IZOBLOK, JSP Corporation, Kaneka Corporation, Knauf Industries, Signode, Sonoco Products Company and Woodbridge.

Key Developments:

In May 2024, BASF is introducing Aramax(TM) Intrinsic(R) brand fungicide, a dual-active fungicide that delivers broad-spectrum control of 26 cool- and warm-season turf diseases, like snow mold, large patch, brown patch and dollar spot on golf course fairways. Aramax Intrinsic brand fungicide combines the strength of two powerful active ingredients, pyraclostrobin and triticonazole, for long-lasting residual disease control up to 28 days.

In April 2024, Kaneka Corporation has announced that its "Green Planet foam molded product" using KANEKA Biodegradable Polymer Green PlanetTM (hereinafter "Green Planet") has been adopted by Sony Corporation as a cushioning material for its large-screen televisions. The material will be used for 85-inch BRAVIATM television to be released this summer*1. To ensure shock resistance for large, heavy televisions during transportation, a certain level of strength and durability is required.

Forms Covered:

• Molded Expanded Polypropylene (EPP)
• Fabricated Expanded Polypropylene (EPP)

Types Covered:

• Porous Polypropylene (PP)
• Medium Density
• Low Density
• High Density

Raw Materials Covered:

• Synthetic Polypropylene
• Bio-based Polypropylene

End Users Covered:

• Appliances
• Consumer Goods
• Heating, Ventilation, and Air Conditioning (HVAC)
• Dunnage
• Furniture
• Packaging
• Automotive
• Sports and Leisure

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Expanded Polypropylene (EPP) Foam Market, By Form

• 5.1 Introduction
• 5.2 Molded Expanded Polypropylene (EPP)
• 5.3 Fabricated Expanded Polypropylene (EPP)

6 Global Expanded Polypropylene (EPP) Foam Market, By Type

• 6.1 Introduction
• 6.2 Porous Polypropylene (PP)
• 6.3 Medium Density
• 6.4 Low Density
• 6.5 High Density

7 Global Expanded Polypropylene (EPP) Foam Market, By Raw Material

• 7.1 Introduction
• 7.2 Synthetic Polypropylene
• 7.3 Bio-based Polypropylene

8 Global Expanded Polypropylene (EPP) Foam Market, By End User

• 8.1 Introduction
• 8.2 Appliances
  • 8.2.1 Kitchen Appliances
  • 8.2.2 Non-Kitchen Appliances
• 8.3 Consumer Goods
  • 8.3.1 Electronics
  • 8.3.2 Toys & Sporting Goods
• 8.4 Heating, Ventilation, and Air Conditioning (HVAC)
• 8.5 Dunnage
• 8.6 Furniture
• 8.7 Packaging
  • 8.7.1 Food Packaging
  • 8.7.2 Non-food Packaging
• 8.8 Automotive
  • 8.8.1 Armrests
  • 8.8.2 Bumpers
  • 8.8.3 Roof Pillars
  • 8.8.4 Seat Bracing
• 8.9 Sports and Leisure

9 Global Expanded Polypropylene (EPP) Foam Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Armacell International S.A
• 11.2 BASF SE
• 11.3 Chemische Fabrik Budenheim KG
• 11.4 Clark Foam Products Corp
• 11.5 Dongshin Industry Inc
• 11.6 DS Smiths plc
• 11.7 Furukawa Electric Co., Ltd.
• 11.8 Hanwha Chemical Corporation
• 11.9 IZOBLOK
• 11.10 JSP Corporation
• 11.11 Kaneka Corporation
• 11.12 Knauf Industries
• 11.13 Signode
• 11.14 Sonoco Products Company
• 11.15 Woodbridge