Growing demand for consumer goods and packaging drives the growth of the expanded polypropylene (EPP) foam market

The expanded polypropylene (EPP) foam market size is expected to grow at a steady pace CAGR 11.4% between 2023 and 2033. The market share is expected to be $5.52 billion by 2033, while it will probably be valued at $1.87 billion in 2023.

The emergence of smart packaging with insulation, more online shopping and other industrial applications are booming market growth. In addition, the diverse range of product applications also boosts EPP foam sales.
The growing automotive sector, with improved seat upholstery and other vehicle parts, is also taking up a significant portion of the market. At the same time, the recovery of the building and construction industry, along with the absorption of new developments, is likely to transform the market.
The variety of grades and prices are driving industrial investment, and its easy availability is likely to appeal to end users while also becoming a dominant material in many sectors.
New factory operations are taking advantage of the foam’s properties, such as water resistance, thermal insulation, recyclability, and durability. Increased production of automotive components that are assembled later is also gaining popularity.
Higher economic activities in emerging Asian countries such as India and China are also driving the demand for alternative, durable and sustainable materials. Hence, higher consumption of polypropylene foam (EPP) is expected during the forecast period.

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Key points

The United States market is the leader in the North American expanded polypropylene (EPP) foam market in terms of market share. The United States held a market share of 16.7% in 2022. The factors attributed to the growth are industrial expansion and higher penetration of e-commerce platforms. The government promoting alternative materials and their applications is also helping the regional market.
The German polypropylene foam (EPP) market achieved a significant market share of 13.1% in 2022. The advanced automotive sector and extensive R&D facilities contribute to market growth.
The Indian market is expected to grow at a CAGR of 13.1% between 2023 and 2033. This growth is attributed to the rapid growth in automotive production and rising demand for new brands.
China will expand at a CAGR of 12.3% between 2023 and 2033.
Based on material type, the high-density segment held the largest market share of 50.0% in 2022.
Considering the type of application, the leader is the automotive industry segment, which achieved a market share of 40.0% in 2022.

Competitive Landscape

Key suppliers focus on efficient quality, different grades and easy availability. Competitors are also merging, acquiring and collaborating with other companies to increase their supply chain and distribution channel.

Latest market events

Kaneka Corporation has introduced molded foam components with various grades of EPP foam for many applications such as automotive, packaging, industrial insulation and others. The product has properties such as shape forming, multi-impact, energy and water absorption, flexibility and resistance. Besides, the foam’s structural strength, durability and lightweight dynamics also make it an ideal material for automotive applications.
Sonoco Products Company, a foam packaging company, introduced polypropylene foam (EPP) and polyethylene foam (EPE).

Key players

Furukawa Electric Co., Ltd
Knauf Industry
Dongshin Industry Inc.
Kaneka Corporation
JSP Corporation
BASF SE
SSW Pearl Foam GmbH
Sonoco Products Company
Clark’s Foam
Bradford Company

Key Segmentation of Expanded Polypropylene Foam (EPP) Market

By class type:

Low density
High density
PP porous

By application:

Automotive
Industrial packaging
Consumer products
Construction and structures
Others

Key regions

North America
Latin America
Europe
Japan
Asia Pacific excluding Japan
Middle East and Africa

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