Market Size of Expanded Polypropylene (EPP) Foam Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 469.83 Million |
| Market Size (2029) | USD 665.45 Million |
| CAGR (2024 - 2029) | 7.21 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
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*Disclaimer: Major Players sorted in no particular order |
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Expanded Polypropylene (EPP) Foam Market Analysis
The Expanded Polypropylene Foam Market size is estimated at USD 469.83 million in 2024, and is expected to reach USD 665.45 million by 2029, growing at a CAGR of 7.21% during the forecast period (2024-2029).
The market was negatively impacted due to the COVID-19 pandemic in 2020. However, the condition recovered in 2021, and it is expected to observe a stable growth trajectory over the forecast period.
- Over the short term, the non-toxic and recyclable nature of the material and the rising demand from packaging industries are some of the driving factors which are stimulating the market demand.
- The declining automobile Industry through previous years and higher prices, among other structural foams available in the market, may hinder the market's growth.
- On the flip side, higher prices, among other structural foams, are likely to act as restraints for the market studied during the forecast period.
- The rising demand for bio-based polypropylene foam, its emergence as a replacement for other products, and the increasing adoption of electric vehicles are likely to create opportunities for the market in the coming years.
- The Asia-Pacific region dominated the market and is expected to witness the highest CAGR over the forecast period.
