Zion Market Research, the market research group announced the analysis report titled ‘Expanded Polypropylene (EPP) Foam Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Expanded Polypropylene (EPP) Foam Market: Overview
Expanded Polypropylene (EPP) foam is a type of bead foam which is mainly used in the industrial packaging and automotive applications. They have some unique properties such as excellent energy absorption, impact resistance, thermal insulation, chemical and water resistance, etc. EPP foams are mainly used in the industrial packaging owing to its cushioning capability and the flexibility gives excellent security to the complex shapes. EPP foams are of two types depending upon their densities low-density EPP grade and high density EPP grade. The high density EPP grade foams are used in the passenger safety parts in the automotive application and in the automotive bumpers.Mostly, in the industrial packaging low density EPP grade foams are used.
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Global Expanded Polypropylene (EPP) Foam Market: Segmentation
The expanded polypropylene (EPP) foam market is segmented globally into its type, application, and region. On the basis of type, the global market is segregated into the low density, porous PP, and high density. Based on the application, the market is categorized into consumer products, automotive, packaging, and others. Region-wise, the EPP foam market is diversified into Europe, Asia Pacific, North America, South America, and the Middle East and Africa.
Global Expanded Polypropylene (EPP) Foam Market: Growth Factors
The key factors that anticipate the expanded polypropylene (EPP) foam market growth are the growing awareness of the environmental concerns and the increasing demand for cars that are lightweight and fuel efficient. The automotive industry is developing very fast owing to the increase in the demand for the automobiles and the rise of the production, hence the global EPP market is expected to grow very fast. Various industries such as aerospace, consumer products, packaging, etc. have a huge demand for the EPP foam owing to its properties such as recyclability and its light weight. The EPP foam is used in automotive parts that are crash prone as it gives excellent strength, but is also light weight in nature and it also has enhanced absorption properties. The EPP foam market is expected to grow owing to the use of the high-density EPP foam in the heavy industrial packaging.
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Global Expanded Polypropylene (EPP) Foam Market: Regional Analysis
The region that accounted for the largest market share globally is the North America. The factor that contributes to this market growth is the increasing vehicle production in the region. North America is followed by Asia-Pacific and Europe. In the Asia-Pacific region, there has been an increase in the production of the lightweight and premium vehicles in the developing countries such as Korea, India, and China. The consumption of the EPP foam is also high in the European region owing to its applications in the automotive components, consumer products, and buildings and construction work.
Global Expanded Polypropylene (EPP) Foam Market: Competitive Players
The major market players in the expanded polypropylene foammarket includeJSP Corporation, Hanwha Corporation, Furukuwa Electric Co., Ltd., The Woodbridge Group, Sonoco Products Company, BASF SE, Kaneka Corporation, DS Smith Plc, SSW Pearl Foam GmbH, and Dongshin Industry Inc.
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Global Expanded Polypropylene (EPP) Foam Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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