Expanded Polypropylene (EPP) Foam Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Expanded Polypropylene (EPP) Foam Market is Segmented by Raw Material (Synthetic Polypropylene and Bio-based Polypropylene), Form (Fabricated EPP, Molded EPP, and Other Forms), Application (Automotive, Dunnage, Furniture, Food Packaging, HVAC, Sports and Leisure, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers the market sizes and forecasts in terms of revenue (USD million) for all the above segments.

Market Snapshot

Expanded Polypropylene Epp Foam Market Size
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >6.5 %
Expanded Polypropylene Epp Foam Market Key Players

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Market Overview

The expanded polypropylene (EPP) foam market is projected to register a CAGR of over 6.5% during the forecast period (2022-2027).

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 medium term, the non-toxic and recyclable nature of the material and the rising demand from packaging industries may drive 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 (2022-2027).

The rising demand for bio-based polypropylene foam and its emergence as a replacement for other products are likely to act as opportunities in the future.

The Asia-Pacific region dominated the market, and it is expected to witness the highest CAGR over the forecast period.

Scope of the Report

Expanded polypropylene (EPP) is a highly versatile closed-cell bead foam that provides a unique range of properties, including outstanding energy absorption, multiple impact resistance, thermal insulation, buoyancy, water and chemical resistance, exceptionally high strength to weight ratio, and 100% recyclability. The expanded polypropylene (EPP) foam market is segmented by raw material, form, application, and geography. By raw material, the market is segmented into synthetic polypropylene and bio-based polypropylene. By form, the market is segmented into fabricated EPP, molded EPP, and other forms. By application, the market is segmented into automotive, dunnage, furniture, food packaging, HVAC, sports and leisure, and other applications. The report offers the market sizes and forecasts for 16 countries across the major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).

Raw Material
Synthetic Polypropylene
Bio-based Polypropylene
Fabricated EPP
Molded EPP
Other Forms
Food Packaging
Sports and Leisure
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

The Automotive Application is Expected to Dominate the Market

The automotive sector is currently the largest consumer of EPP foams. The demand for EPP foams has increased over the years, as the EU regulations pertaining to emissions have become more rigorous and laws on recycling of vehicles withdrawn from use have been introduced.

Increasing usage of EPP foams in seating and other automotive components reduces the overall weight of the vehicle by ~10%. The fuel consumption was reduced by ~7%. The share of recyclable materials in vehicles that can be reused is increasing simultaneously.

In addition, increasing electric cars are promoting the EPP foam market’s growth, as EPP plays a significant role in making electric cars lightweight and thermally insulated and enhancing the energy absorption capabilities.

EPP foams are also used in the manufacturing of door pads, headliners, and mats. They make it possible to maintain a constant air temperature in the cockpit and generate ideal conditions for battery operations.

The automotive industry observed about 10% growth in the first nine months of 2021 when compared to the same period in 2020.

The aforementioned aspects may result in the automotive application dominating the market.

Expanded Polypropylene Epp Foam Market Share

China is Expected to Dominate the Asia-Pacific Market

The Asia-Pacific region dominated the global market share. In Asia-Pacific, China is the largest economy in terms of GDP.

China is the largest consumer and manufacturer of EPP foams in the Asia-Pacific region. The growing manufacturing activities in the country are increasing the consumption of plastics and polymers in the region, which is expected to drive the expanded polypropylene (EPP) foam market.

The country’s automotive sector has been shaping for product evolution, with the country focusing on manufacturing products that ensure fuel economy and minimize emissions, owing to the increasing environmental concerns (due to mounting pollution in the country).

The Chinese automotive manufacturing industry is the largest in the world. The country observed a growth of 53% in the first nine months of 2021 in automobile production in comparison to the same period in 2020.

Additionally, the market competition in China has become increasingly fierce in the food and beverage industry, which has enabled companies to tap into overseas markets with an aim to seek more resources and business opportunities.

Hence, based on the above-mentioned aspects, China is expected to dominate the Asia-Pacific market during the forecast period.

Expanded Polypropylene Epp Foam Market Forecast

Competitive Landscape

The expanded polypropylene foam market is consolidated, with the top five companies accounting for a major share of the overall market. The major players (in no particular order) include BASF SE, JSP, Hanwha Group, Izoblok, and Kaneka Corporation, among others.

Recent Developments

  • In April 2021, BEWI announced that it entered an agreement with IZOBLOK to acquire a majority stake (54.21%) of the company. In July 2021, the conditions of the agreement were concluded, and BEWI ASA became an indirect majority shareholder of IZOBLOK SA.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Non-toxic and Recyclable Nature of the Material

      2. 4.1.2 Rising Demand from the Packaging Industry

    2. 4.2 Restraints

      1. 4.2.1 Higher Price among Other Structural Foams

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Price Analysis

  5. 5. MARKET SEGMENTATION (Market Size by Revenue)

    1. 5.1 Raw Material

      1. 5.1.1 Synthetic Polypropylene

      2. 5.1.2 Bio-based Polypropylene

    2. 5.2 Form

      1. 5.2.1 Fabricated EPP

      2. 5.2.2 Molded EPP

      3. 5.2.3 Other Forms

    3. 5.3 Application

      1. 5.3.1 Automotive

      2. 5.3.2 Dunnage

      3. 5.3.3 Furniture

      4. 5.3.4 Food Packaging

      5. 5.3.5 HVAC

      6. 5.3.6 Sports and Leisure

      7. 5.3.7 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles


      2. 6.4.2 BASF SE

      3. 6.4.3 Clark Foam Products Corporation

      4. 6.4.4 Engineered Foam Products

      5. 6.4.5 Hanwha Group

      6. 6.4.6 IZOBLOK

      7. 6.4.7 JSP

      8. 6.4.8 Kaneka Corporation

      9. 6.4.9 KK Nag Pvt. Ltd

      10. 6.4.10 Knauf Industries

      11. 6.4.11 Package Design & Mfg

      12. 6.4.12 Polyfoam Australia Pty Ltd

      13. 6.4.13 Sonoco Products Company

      14. 6.4.14 Woodbridge

    5. *List Not Exhaustive

    1. 7.1 Increasing Demand for Bio-based Polypropylene Foam

    2. 7.2 Emergence as a Replacement for Other Products

**Subject to Availability

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Frequently Asked Questions

The Expanded Polypropylene (EPP) Foam Market market is studied from 2017 - 2027.

The Expanded Polypropylene (EPP) Foam Market is growing at a CAGR of >6.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

BASF SE, Hanwha Group, JSP, Izoblok, Kaneka Corporation are the major companies operating in Expanded Polypropylene (EPP) Foam Market.

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