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Expanded Polypropylene (EPP) Foam Market Share

Report ID: GMI7000
Published Date: Oct 2023
Report Format: PDF

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Expanded Polypropylene Foam Market Share

Major players operating in the expanded polypropylene foam industry include:

JSP Corporation
BASF SE
Kaneka Corporation
Furukawa Electric Co., Ltd.
DS Smith PLC
Hanwha Corporation
Sonoco Products Company
The Woodbridge Group

JSP Corporation and BASF SE have captured substantial market shares in the Asia-Pacific expanded polypropylene foam industry, driven by strong regional economic growth across sectors like automotive, packaging, and consumer goods. Rapid urbanization offers fresh opportunities for EPP foam in construction and infrastructure, while government support through initiatives like subsidies and tax breaks bolsters the industry. With well-established regional presence, integrated manufacturing, and extensive product ranges, both companies are positioned for success in the Asia-Pacific market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of expanded polypropylene foam was worth USD 429.3 million in 2023 and will reach USD 809.4 million by 2032, due to the higher demand from the global automotive sector, to offer lightweight and durable properties.

Expanded polypropylene foam market size from the molded foam type segment reached USD 165.8 million in 2022 and is expected to witness commendable growth from 2023 to 2032, on account of its exceptional shock-absorbing and insulating properties.

U.S. expanded polypropylene foam market size recorded USD 91.4 million in 2022 and is expected to witness commendable growth through 2032, owing to the presence of robust automotive sector and the growth of e-commerce in the region.

JSP Corporation, BASF SE, Kaneka Corporation, Furukawa Electric Co., Ltd., DS Smith PLC, and Hanwha Corporation are some of the major expanded polypropylene foam companies worldwide.