North America Expanded Polypropylene Foam Market Size, Share & Trends Analysis Report By Product (Low Density, Medium Density, High Density), By Application, By Region, And Segment Forecasts, 2024 - 2030

North America Expanded Polypropylene Foam Market Size, Share & Trends Analysis Report By Product (Low Density, Medium Density, High Density), By Application, By Region, And Segment Forecasts, 2024 - 2030

North America Expanded Polypropylene Foam Market Growth & Trends

The North America expanded polypropylene foam market size is anticipated to reach USD 682.97 million by 2030, expanding at a CAGR of 12.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Developments in the automobile and packaging sectors are likely to drive the demand for the expanded polypropylene (EPP) foam in these application segments. Increasing use of environment-friendly and energy saving products is also expected to positively influence the market growth.

Stringent environmental regulations and increasing focus on indoor air quality are anticipated to drive the EPP foam market in North America. Moreover, increasing investments in the automotive sector by the government and private institutions are projected to contribute to the demand for expanded polypropylene foam.

Rising utilization of noise and vibration insulation solutions in the consumer goods, appliances, and automotive industries is anticipated to urge manufacturers to take up backward integration in the value chain over the forecast period. Greater participation in the value chain is likely to result in time reduction for transforming raw materials into finished products and in gaining cost advantage.

Usage of high-density expanded polypropylene foam is increasing in the industrial packaging applications owing to its high impact strength. Moreover, increasing demand from the automotive industry for the manufacturing of lightweight components is expected to drive the product demand over the forecast period. Widening of distribution channels has also made these products readily available to the users, thus acting as a driving force for the growth of this market.

North America Expanded Polypropylene Foam Market Report Highlights

• Based on product, the market is segmented into low-density Expanded Polypropylene Foam, medium-density Expanded Polypropylene Foam and high-density Expanded Polypropylene Foam.
• Based on application, The automotive segment dominated the North America Expanded Polypropylene Foam Market in terms of revenue in 2023.
• The construction segment is expected to witness the fastest growth over the forecast period. The rise in construction activities in North America is expected to create demand for Expanded Polypropylene Foam (EPP) foam-based products in the region during the forecast period.
• The U.S. Expanded Polypropylene Foam Market held the largest share of 70.10% in 2023 and is expected to maintain its position over the forecast period.

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