Global Expanded Polypropylene (EPP) Foam Market Analysis & Trends - Industry Forecast to 2030

Global Expanded Polypropylene (EPP) Foam Market Analysis & Trends - Industry Forecast to 2030

Expanded Polypropylene (EPP) Foam: Market Size

From $2,136.24 million in 2024, the global Expanded Polypropylene (EPP) Foam market is projected to reach $3624.42 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 9.3% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include, increasing demand from automotive industry, investments in emerging economies and increasing usage of electric cars.

Global Expanded Polypropylene (EPP) Foam Market: Market Dynamics

The increasing product penetration in various applications, such as consumer goods, packaging, and furniture, is expected to have a substantial impact on the overall market growth during the forecast years. Furthermore, growth in investments in manufacturing activities across major economies have resulted in a rise in automobile and consumer goods production which in turn led to the growth of the market.

The growing scope for the application of products across several industries can be attributed to the superior qualities of EPP foam, such as chemical & water resistance, durability, recyclability and thermal insulation.

However, the volatility of raw material prices are likely to obstruct the profit boundaries. In addition, optimum performance and low weight of EPP Foam and recyclable & reusable properties of EPP foam will further boost for the expanded polypropylene (EPP) foam market.

Impact of COVID-19 on Expanded Polypropylene (EPP) Foam

The market was undesirably impacted due to COVID-19 in 2024. Owing to scenario of the global pandemic, majority of countries across the globe underwent a lockdown to curb the spread of the virus. The disruptions of supply and demand chain due to lockdowns being practiced had severe effects on the demand for expanded polypropylene (EPP) foam from various applications such as food packaging, automotive, and furniture among others. However, the condition is expected to restore stability in 2021, which is expected to reestablish the growth trajectory of market studied over the forecast period.

By Type

High Density Segment Dominate the Market in 2024

The high density segment made huge revenue in 2024 and growing its prominence during the forecast period. This high growth can be attributed to the rapid expansion of the automotive industry in key economies, such as India, China, Germany, and South Korea, with greater product usage for passenger safety and noise, vibration, and harshness (NVH) reduction applications.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific is likely to have a huge demand in the forecast period. The region is expected to offer substantial opportunities for the EPP foam manufacturers in the approaching years. Many EPP foam manufacturers are either setting up manufacturing units or expanding their existing manufacturing bases in this region to take advantage of the low manufacturing cost.

List of the Key Players Profiled in the Market Include:

• BASF SE
• ACH foam Technologies
• Bradford Company
• Clark Foam
• Dongguan City Prosperous Mass Poly Foam Co.Ltd
• Dongshin Industry Inc.
• DS Smith Plastics
• Eurofoam Group
• Furukawa Electric Co., Ltd
• Hanwha Corporation
• JSP Corporation
• Kaneka Corporation
• Knauf Industries
• Marko Foam Products, Inc.
• Paracoat Products Limited

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others