Global Expanded Polypropylene (EPP) Foam Market – Industry Trends and Forecast to 2030

Análisis y tamaño del mercado de espuma de polipropileno expandido (EPP)

Se espera que el mercado mundial de espuma de polipropileno expandido (EPP) crezca a una tasa de crecimiento significativa durante el período de pronóstico. Este crecimiento se atribuye al uso cada vez mayor de productos en una amplia variedad de aplicaciones, que incluyen construcción, embalaje, bienes de consumo y otros. La espuma de polipropileno expandido (EPP) muestra una fuerte preferencia por el embalaje de productos delicados, como placas de circuitos y equipos informáticos, en aplicaciones de embalaje no alimentario. Se espera que estos factores mejoren el crecimiento del mercado de espuma de polipropileno expandido (EPP) a nivel mundial en el período de pronóstico.

Data Bridge Market Research analiza que se espera que el mercado de espuma de polipropileno expandido (EPP) alcance los USD 1.932,16 millones para 2030, que son USD 984,04 millones en 2022, registrando una CAGR del 8,80% durante el período de pronóstico de 2023 a 2030. Además de la información sobre escenarios de mercado como el valor de mercado, la tasa de crecimiento, la segmentación, la cobertura geográfica y los principales actores, los informes de mercado seleccionados por Data Bridge Market Research también incluyen un análisis experto en profundidad, producción y capacidad por empresa representada geográficamente, diseños de red de distribuidores y socios, análisis detallado y actualizado de tendencias de precios y análisis de déficit de la cadena de suministro y la demanda.

Alcance y segmentación del mercado de espuma de polipropileno expandido (EPP)

Definición de mercado

La espuma de polipropileno expandido (EPP) se fabrica a partir de polipropileno. Estas espumas son espumas de células cerradas muy versátiles que ofrecen una gama única de propiedades, como resistencia a múltiples impactos, aislamiento térmico, excelente absorción de energía, flotabilidad, resistencia al agua y a los productos químicos, una reciclabilidad excepcional del 100 % y una alta relación resistencia-peso.

Dinámica del mercado mundial de espuma de polipropileno expandido (EPP)

Conductores

• Creciente demanda de espuma de polipropileno expandido (EPP) en el sector de la automoción

La espuma de polipropileno expandido (EPP) se utiliza ampliamente en el sector de la automoción para el aislamiento térmico, la gestión acústica y la absorción de impactos en el suelo, los asientos, los parachoques y los paneles de las puertas. Además, el creciente uso de coches eléctricos promueve el crecimiento del mercado de espuma de polipropileno expandido (EPP), ya que estas espumas desempeñan un papel importante en la fabricación de vehículos eléctricos ligeros y con aislamiento térmico, mejorando así las capacidades de absorción de energía de los vehículos eléctricos. Por lo tanto, se espera que la creciente demanda de espuma de polipropileno expandido (EPP) en el sector de la automoción impulse el crecimiento del mercado.

• Creciente popularidad de la espuma de polipropileno expandido (EPP) poroso

El polipropileno expandido poroso (EPP) incluye perlas de polipropileno con forma cilíndrica, lo que aumenta el espacio de aire entre las perlas en la forma moldeada final, lo que aumenta los efectos ventajosos de aislamiento acústico y también reduce el peso total. La espuma de polipropileno expandido poroso (EPP) generalmente es de color negro para aplicaciones automotrices, sin embargo, a menudo se encuentra en blanco para productos de embalaje. Está disponible en algunos proveedores en colores vibrantes que son adecuados para una superficie texturizada de calidad de presentación. Por lo tanto, se anticipa que la creciente popularidad de la espuma de polipropileno expandido poroso (EPP) impulsará el crecimiento del mercado.

Oportunidades

• Uso creciente de productos en aplicaciones de seguridad para pasajeros y reducción de ruido, vibración y aspereza (NVH)

The market is anticipated to grow steadily and maintain its lead during the forecast period, because of increased usage of expanded polypropylene (EPP) foam in passenger safety and noise, vibration, and harshness (NVH). Furthermore, the increasing importance of reducing overall weight of passenger vehicles to increase fuel economy is expected to create lucrative opportunities for the growth of the market during the forecast period.

• Surging investments by major players for market expansion

The surging investments by major market players further offer numerous growth opportunities within the market. For instance, KANEKA CORPORATION has announced the investment of USD 17 million in 2018, to increase the capacity for Eperan expanded polypropylene and polyethylene particle foams at its Westerlo site in Belgium. This expansion was undertaken owing to the penetration of Eperan foam in Europe

Restraints/ Challenge

• Fluctuating prices of raw material

The easy availability of propylene which is a major raw material for the production of expanded polypropylene (EPP) foam, in major economies has supported the global industry's raw material supply but the volatility associated with the price of these raw material is anticipated to affect the overall cost of final product prices and limiting the market growth during the forecast period.

• Availability of alternative options

Availability of expanded polypropylene (EPP) foam substitutes in the global market such as expanded polyethylene (EPE) and expanded polycarbonate is another major factor expected to hamper the market growth during the forecast period of 2023 to 2030.

This expanded polypropylene (EPP) foam market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the expanded polypropylene (EPP) foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2022, Hanwha Solutions declared that they are set to divide off its advanced materials business and retail a stake in the unit to increase USD 491 million for investments at abroad and home. The sell-off was primarily considered in November 2021. Private equity firm Glenwood PE has intended to purchase a 49 percent stake in the division for KRW 600 billion, becoming its second largest shareholder after Hanwha.
• In 2022, resulting the settlement of transactions as a favourable tender proposal made by BEWI in November 2021. BEWI acquired around 121,870 shares of Izoblok which are demonstrating 9.62 percent of the capital share in the country. It is worth noticing that BEWI has already acquired 54.21 percent shares of Izoblock in August 2021. Through the latest acquisition, BEWI owns a regulatory stake of 63.83 percent in Izoblok.

 Global Expanded Polypropylene (EPP) Foam Market Scope

The expanded polypropylene (EPP) foam market is segmented on the basis of type, raw material, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Low Density
• High Density
• Porous

Raw Material

• Synthetic Polypropylene
• Bio-Based Polypropylene

Form

• Fabricated
• Molded
• Other Forms

 Application

• Automotive
• Dunnage
• Furniture
• Food Packaging
• HVAC
• Sports and Leisure
• Other Applications

Expanded Polypropylene (EPP) Foam Market Regional Analysis/Insights

The expanded polypropylene (EPP) foam is analyzed and market size insights and trends are provided by country, type, raw material, form and application as referenced above.

The countries covered in the expanded polypropylene (EPP) foam market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the expanded polypropylene (EPP) foam market in terms of revenue growth and market share owing to increase in the product demand form major end-use verticals. Moreover, the rapidly increasing automotive sector will further boost the growth of the market in this region.

Europe is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the improving automobile industry and evolving consumer goods industry in developed economies. Furthermore, the presence of major market players is further anticipated to propel the growth of the market in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Expanded Polypropylene (EPP) Foam Market Share Analysis

The expanded polypropylene (EPP) foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to expanded polypropylene (EPP) foam market.

Some of the major players operating in the expanded polypropylene (EPP) foam market are:

• BASF SE (Germany)
• Hanwha Solutions (South Korea)
• Armacell (Luxembourg)
• Knauf Insulation (U.S.)
• DS Smith (U.K.)
• KANEKA CORPORATION (Japan)
• Sonoco Products Company (U.S.)
• DONGSHIN INDUSTRY INCORPORATED (South Korea)
• Woodbridge (Canada)
• FURUKAWA ELECTRIC CO., LTD (Japan)
• Signode Industrial Group LLC (U.S.)
• Molan-Pino South Africa (Spain)
• Clark Foam Products (U.S.)
• Izoblok (Poland)
• Paracoat Products Ltd. (India)

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