Polypropylene Foams Market - By product type (Expanded Polypropylene, Extruded Polypropylene), By End-use (Packaging, Automotive, Construction, Electronics) & Forecast, 2024 – 2032

Polypropylene Foams Market Size

Polypropylene Foams Market size was valued at around USD 1.28 Billion in 2023 and is anticipated to grow at a CAGR of 7% between 2024 and 2032. Polypropylene foams are lightweight and offer high strength-to-weight ratios, making them attractive for industries looking to reduce weight in their products. The automotive industry's focus on weight reduction to improve fuel efficiency and reduce emissions drives demand for lightweight materials like polypropylene foams.

Polypropylene foams are used for protective packaging and thermal insulation, driving demand from industries such as electronics, appliances, and construction. The excellent thermal insulating properties of polypropylene foams contribute to their use in construction and industrial applications.
 

The availability of alternative lightweight and insulating materials may make the deployment of polypropylene foams difficult. While polypropylene foams are recyclable, environmental concerns about plastics may raise demand for more sustainable materials. High-quality polypropylene foam manufacture includes complex manufacturing processes that necessitate specialised equipment and knowledge. As a result, the dangers connected with Polypropylene foams may reduce adoption, thus impeding corporate growth.
 

COVID-19 Impact

The automotive industry, a major consumer of polypropylene foams for lightweighting and insulation, experienced a significant decline in demand due to factory closures and decreased consumer spending. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.
 

Polypropylene Foams Market Trends

Growing awareness of environmental concerns is driving demand for sustainable and recyclable foam materials, leading to research and innovation in eco-friendly polypropylene foams. The automotive industry's emphasis on reducing vehicle weight to improve fuel efficiency and reduce emissions is driving the adoption of lightweight polypropylene foams in vehicle components. The construction industry's focus on energy efficiency and insulation is boosting the use of polypropylene foams for thermal insulation in buildings and infrastructure.
 

Polypropylene Foams Market Analysis

Based on product type, the polypropylene foams market is segmented as Expanded Polypropylene, Extruded Polypropylene, Others. Expanded Polypropylene held a majority market value of USD 1.36 Billion in 2022. EPP's lightweight nature and impact resistance drive its use in automotive components to reduce vehicle weight. EPP's cushioning and protective properties make it suitable for packaging fragile and sensitive items.
 

Based on end-use, the market is segmented as Packaging, Automotive, Construction, Electronics, Others. Packaging held a dominant polypropylene foams market share of around 34.4% in 2022 and is expected to grow at a lucrative pace till 2032. Polypropylene foams provide excellent cushioning and protective properties for fragile and sensitive items during transportation.
 

U.S. dominated the North American region with majority polypropylene foams market share and a revenue of USD 349.7 Million in 2022 and is anticipated to expand at a significant pace from 2023-2032. Stricter fuel efficiency and emissions regulations drive the use of lightweight materials like polypropylene foams in vehicle components to reduce weight.
 

Polypropylene foams Market Share

Some of the major players operating in the Polypropylene foams market are:

• BASF SE
• SEKISUI CHEMICAL CO., LTD.
• Kaneka Corporation
• JSP Corporation
• SABIC
• Recticel
• Borealis AG
• Armacell
• Toray Industries Inc.
• Rogers Corporation
• INOAC Corporation
• RTP Company
• Zotefoams plc
• ACH Foam Technologies LLC
• Pregis LLC  
   

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Polypropylene foams Industry News:

• In March 2022, Hanwha Solutions has announced that the company is set to split off its advanced materials business and sell a stake in the unit to raise USD 491 million for investments at home and abroad.
   
• In February 2022, Following the settlement of transactions corresponding to the Favorable tender offer made by BEWI in November 2021, BEWI has acquired 121,870 shares of Izoblok, representing 9.62% of the capital share in the country.
   

Polypropylene foams market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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By product type

• Expanded Polypropylene
• Extruded Polypropylene
• Others

By End-use

• Packaging
• Automotive
• Construction
• Electronics
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt