At 10.20% CAGR, Global Expanded Polypropylene (EPP) Foam Market to Surpass US$ 2,003.54 Mn By 2030, Forecast Report By Zion Market Research

Expanded Polypropylene (EPP) Foam Market

According to the report published by Zion Market Research, the global Expanded Polypropylene (EPP) Foam Market size was valued at USD 920.85 Million in 2022 and is predicted to reach USD 2,003.54 Million by the end of 2030. The market is expected to grow with a CAGR of 10.20% during the forecast period. The report analyzes the global Expanded Polypropylene (EPP) Foam Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Expanded Polypropylene (EPP) Foam Market industry.

Global Expanded Polypropylene (EPP) Foam Market: Overview

Expanded Polypropylene (EPP) foam is a type of bead foam which is mainly used in the industrial packaging and automotive applications. They have some unique properties such as excellent energy absorption, impact resistance, thermal insulation, chemical and water resistance, etc. EPP foams are mainly used in the industrial packaging owing to its cushioning capability and the flexibility gives excellent security to the complex shapes. EPP foams are of two types depending upon their densities low density EPP grade and high density EPP grade. The high density EPP grade foams are used in the passenger safety parts in the automotive application and in the automotive bumpers.Mostly, in the industrial packaging low density EPP grade foams are used.

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Global Expanded Polypropylene (EPP) Foam Market: Segmentation

The expanded polypropylene (EPP) foam market is segmented globally into its type, application, and region. On the basis of type, the global market is segregated into low density, porous PP, and high density. Based on the application, the market is categorized into consumer products, automotive, packaging, and others. Region wise, the EPP foam market is diversified into Europe, Asia Pacific, North America, South America, and the Middle East and Africa.

Global Expanded Polypropylene (EPP) Foam Market: Growth Factors

The key factors that anticipate the expanded polypropylene (EPP) foam market growth are the growing awareness of the environmental concerns and the increasing demand for cars that are light weight and fuel efficient. The automotive industry is developing very fast owing to the increase in the demand for the automobiles and the rise of the production, hence the global EPP market is expected to grow very fast. Various industries such as aerospace, consumer products, packaging, etc. have a huge demand for the EPP foam owing to its properties such as recyclability and its light weight. The EPP foam is used in automotive parts that are crash prone as it gives excellent strength, but is also light weight in nature and it also has enhanced absorption properties. The EPP foam market is expected to grow owing to the use of the high-density EPP foam in the heavy industrial packaging.

Global Expanded Polypropylene (EPP) Foam Market: Regional Analysis

The region that accounted for the largest market share globally is the North America. The factor that contributes to this market growth is the increasing vehicle production in the region. North America is followed by Asia-Pacific and Europe. In the Asia-Pacific region, there has been an increase in the production of the light weight and premium vehicles in the developing countries such as Korea, India and China. The consumption of the EPP foam is also high in the European region owing to its applications in the automotive components, consumer products, and buildings and construction work.

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