The global Expanded Polypropylene (EPP) Foam Market size was USD 1.31 Billion in 2020 and is expected to register a revenue CAGR of 6.0% over the forecast period. Robust market revenue growth is attributed to steadily rising demand for polypropylene foam from automotive and packaging industries globally. Polypropylene foam has high strength and excellent energy absorption properties, which are contributing to its increasing demand for packaging and automotive applications.
Top Companies Operating in the Global Expanded Polypropylene (EPP) Foam Market:
JSP Corporation, BASF SE, Kaneka Corporation, Hanwha Corporation, Mitsui Chemicals, Borealis AG, The Furukawa Electric Co., Ltd., Sonoco Products Company, DS Smith plc, and The Woodbridge Group.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Expanded Polypropylene (EPP) Foam Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Expanded Polypropylene (EPP) Foam Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Expanded Polypropylene (EPP) Foam Market key players
3.2 Global Polypropylene Foam size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Expanded Polypropylene (EPP) Foam Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Expanded Polypropylene (EPP) Foam Market Segmentation
By Type Outlook
- Extruded Polypropylene (XPP) Foams
- Expanded Polypropylene (EPP) Foams
By Application Outlook
- Packaging
- Automotive
- Consumer Products
- Others
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