The global EPP foam market is projected to grow from USD 1.4 billion in 2023 to USD 1.8 billion by 2028, at a CAGR of 5.7% during the forecast period. The report provides a professional in-depth examination of the Market’s current scenario, CAGR, EPP foam market size, market share, gross margin, revenue, price, production growth rate, volume, value, and growth are among the market data assessed and re-validation in the research.
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EPP foam is known for being exceptionally lightweight and providing excellent durability and impact resistance. This makes it a popular option in industries such as automotive and aerospace, where light and sturdy materials are required. The demand for protective packaging materials has increased due to the expansion of e-commerce. EPP foam is a desirable option for packaging delicate and fragile objects due to its cushioning and shock-absorbing properties.
By type, the porous PP segment is estimated to be the fastest-growing EPP foam segment from 2023 to 2028.
The porous PP, by type segment of the EPP foam market, is projected to be the fastest-growing segment from 2023 to 2028. Due to its distinctive porous structure, porous PP is a versatile material with many applications. Porous PP can be used as an acoustic insulation material to reduce noise and vibrations within the car. It is frequently utilized in door panels, headliners, and other interior components to improve the driving experience by reducing noise from the engine, the road, and outside sources.
By application, the automotive segment is estimated to be the fastest-growing segment of the EPP foam market from 2023 to 2028.
The EPP foam market’s automotive, by application segment, is projected to be the fastest-growing segment from 2023 to 2028. EPP foam is ideal for safety components like bumpers, headrests, and side-impact protection features due to its outstanding impact-absorbing qualities. Absorbing and dissipating energy during crashes improves vehicle safety by lowering the possibility of injury to occupants. Reusable dunnage solutions for organizing and safeguarding parts during assembly and transit inside industrial facilities can be made using EPP foam with various customization options. This lowers the price and waste of packaging.
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Asia Pacificis estimated to be the fastest-growing region in the EPP foam market during the forecast period.
Asia Pacific is projected to be the fastest-growing EPP foam market during the forecast period. Due to several factors, the demand for EPP foam is growing in the Asia Pacific region, and this trend is anticipated to continue in the upcoming years. Manufacturing and consumption of consumer electronics are heavily concentrated in Asia Pacific. Delicate electronics parts are packaged in EPP foam to protect them during shipping and handling. Both the demand for EPP foam and the consumer electronics sector are expanding.
EPP Foam Companies
Companies such as BASF SE (Germany), JSP Corporation (Japan), Hanwha Advanced Materials (South Korea), BEWI (Norway), and Sonoco Products Company (US) fall under the winners’ category. These are leading players in the EPP foam market globally. These players have adopted the strategies of expansions, investment, new product launches, collaboration, agreements, mergers, and acquisitions to fulfill the rising demand for EPP foam on the regional and global levels.
BEWI
BEWI is a leading European provider of sustainable packaging and insulation solutions, including products made from EPP foam. The EPP foam products from BEWI are made to be used in a variety of industries, including construction, packaging, automotive, and more. BEWI is a leader in developing products constructed of premium EPP foam that provide outstanding insulation, shock absorption, and durability. In May 2022, BEWI acquired Jablite Group, a leading UK insulation and packaging company.
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JSP Corporation
JSP Corporation is a renowned leader in providing exceptional EPP foam solutions. The remarkable energy absorption and impact resistance of JSP’s EPP foam is widely recognized. This makes it an ideal material for automobile bumpers, headrests, and interior padding, all of which improve passenger safety. In January 2022, JSP International Sarl acquired a substantial 35% ownership stake in GHEPI. This acquisition aims to establish a Center of Excellence dedicated to plastics injection molding and EPP development techniques.
Kaneka Corporation
Kaneka Corporation is well renowned for its cutting-edge EPP foam products. The outstanding thermal insulation properties of Kaneka’s EPP foam make it a viable material for temperature-sensitive packaging applications. Because of its insulating characteristics, products are protected from temperature changes while transported, maintaining their integrity and quality. In March 2022, Kaneka developed a new grade of the EPERAN series. It contains 25% of the recycled content from end-of-life EPP parts.
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