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市場調查報告書

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1624893

2024 年至 2031 年發泡聚丙烯 (EPP) 市場（按產品類型、應用和地區劃分）

Expanded Polypropylene (EPP) Foam Market By Product Type (Low-Density, Medium-Density), By Application (Automotive, Packaging, Consumer Products), And Region for 2024-2031

出版日期: 2024年08月17日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

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簡介目錄

發泡聚丙烯 (EPP) 市場評估，2024-2031 年

發泡聚丙烯（EPP）泡沫市場正在迅速擴大。EPP 重量輕且抗衝擊性強，非常適合用於製造保險桿和內裝等汽車零件。預計2023年市場規模將超過18.7749億美元，2031年將達到約44.7229億美元。

此外，該行業還受益於對安全、耐用包裝解決方案日益增長的需求，尤其是對於消費性電子產品而言。EPP 的另一個優點是無害和可回收的特性，這與日益增長的環境問題相一致。總體而言，EPP泡沫的適應性和功能性使其在各個領域取得長期成功。由於對具有成本效益且高效的發泡聚丙烯的需求不斷增加，市場從 2024 年到 2031 年的複合年增長率將達到 11.46%。

發泡聚丙烯 (EPP) 市場：定義/概述

發泡聚丙烯 (EPP) 泡棉是由聚丙烯聚合物製成的閉孔泡棉。它重量輕、耐用且具有高能量吸收性能，適用於廣泛的應用。與其他泡棉不同，EPP 泡棉可以承受多次衝擊而不會發生明顯變形。它還具有防水、防化學品、防油等特性，並且具有優異的絕緣性能。由於這些特性，EPP 泡棉經常用於汽車工業，例如保險桿芯、內裝和安全部件等。它也可用作包裝、消費品和建築業的保護包裝、可重複使用的運輸容器和絕緣材料。

EPP泡沫的適應性和環境效益顯示了其未來的應用。當企業尋找可持續和可回收的材料時，EPP 泡棉脫穎而出，因為它 100% 可回收且重量輕，有助於提高汽車應用中的燃油效率。汽車和航空航太工業對輕質和節能材料的日益重視預計將推動 EPP 泡棉市場的發展。製造流程的創新和生物基聚丙烯的開發有可能改善材料性能，同時減少對環境的影響。

此外，電子商務和電子產業對保護性包裝解決方案的需求不斷增長預計將推動這一成長。總體而言，EPP泡沫的性能、可持續性和適應性相結合可能會在未來幾年在許多行業中取得突破並廣泛認可。

不斷發展的汽車產業將如何推動發泡聚丙烯（EPP）市場的成長？

發泡聚丙烯（EPP）市場預計將隨著汽車工業的擴張而發展。該行業是 EPP 泡沫的主要消費者，EPP 泡沫用於製造輕質部件和安全功能。根據國際汽車製造商組織（OICA）預測，2021年全球汽車產量將達8,010萬輛，較2020年成長3%。汽車產業的復甦顯示 EPP 泡沫的需求增加，這種泡沫在提高汽車的效率和安全性方面發揮關鍵作用。隨著汽車行業優先考慮燃油效率和安全性，對 EPP 泡棉的需求可能會相應增加。

建築業的需求不斷增長預計將推動發泡聚丙烯 (EPP) 泡沫市場的發展。在建築業，EPP泡沫廣泛用於絕緣和輕質結構部件。根據美國人口普查局的數據，2022年美國建築項目價值將達到1.79兆美元，高於2021年的1.59兆美元，增幅為12.2%。建築活動的增加凸顯了對具有優異隔熱性能和結構優勢的材料的需求日益增長，從而推動了該行業對 EPP 泡沫的需求。

原物料價格波動將如何影響發泡聚丙烯（EPP）市場的成長？

膨脹聚丙烯（EPP）泡沫市場的成長預計將受到原物料價格波動的影響。聚丙烯是一種石油衍生的聚合物，在 EPP 泡沫的生產中被大量使用。原油價格的波動會造成聚丙烯成本的顯著差異，進而影響EPP泡沫的整體生產成本。原料成本的波動會為製造商帶來不確定性，導致產品價格上漲和利潤率下降。這種波動可能會降低 EPP 泡沫與其他材料的競爭力，並抑制對 EPP 泡沫生產和開發的投資，從而阻礙市場成長。

成本的變化預計會影響發泡聚丙烯（EPP）泡沫市場的擴張。EPP 泡沫的生產主要依賴聚丙烯，而這種材料的價格會因原油價格波動和供應鏈中斷而大幅波動。這些成本波動可能會增加生產成本，從而增加 EPP 泡沫產品的價格。因此，隨著製造商和消費者尋求更穩定、更具成本效益的替代品，需求可能會下降。

The expanded polypropylene foam (EPP) market is expanding rapidly. The automobile sector is a significant driver, as EPP's lightweight and impact-resistant qualities make it perfect for car elements such as bumpers and interiors. The market size surpass USD 1877.49 Million valued in 2023 to reach a valuation of aroundUSD 4472.29 Million by 2031.

Furthermore, the industry is benefiting from rising demand for safe and long-lasting packaging solutions, notably for consumer electronics. EPP's non-toxic and recyclable nature is another advantage, harmonizing with growing environmental concerns. Overall, EPP foam's adaptability and functionality supply it for long-term success in various areas. The rising demand for cost-effective and efficient expanded polypropylene foam is enabling the market grow at aCAGR of 11.46% from 2024 to 2031.

Expanded Polypropylene (EPP) Foam Market: Definition/ Overview

Expanded Polypropylene (EPP) foam is a closed-cell foam made from polypropylene polymers. It is lightweight, highly durable, and provides substantial energy absorption, making it suitable for various applications. EPP foam differs from other foam forms in that it can tolerate several impacts without causing considerable deformation. It is also resistant to water, chemicals, and oils, and it provides great thermal insulation. Due to these properties, EPP foam is commonly used in the automotive industry for applications like bumper cores, interior trim, and safety components. It is also used in the packaging, consumer products, and construction industries to provide protective packaging, reusable transport containers, and insulation materials.

The adaptability and environmental benefits of EPP foam indicate well for its future use. As businesses seek sustainable and recyclable materials, EPP foam stands out for its 100% recyclability and lightweight nature, which helps to improve fuel efficiency in automobile applications. The increased emphasis on lightweight and energy-efficient materials in the automotive and aerospace industries is expected to boost the market for EPP foam. Manufacturing process innovations and the development of bio-based polypropylene have the potential to improve the material's characteristics while lowering its environmental impact.

Furthermore, the growing demand for protective packaging solutions in the e-commerce and electronics industries is likely to fuel growth. Overall, EPP foam's mix of performance, sustainability, and adaptability positions it for substantial breakthroughs and widespread acceptance across numerous industries in the coming years.

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How Does the Growing Automotive Industry Drive the Growth of the Expanded Polypropylene (EPP) Foam Market?

The Expanded Polypropylene (EPP) Foam Market is expected to develop as the automotive sector expands. The industry is a major consumer of EPP foam, which is used for lightweight components and safety features. According to the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production will reach 80.1 million units in 2021, up 3% from 2020. This rebound in the automotive industry points to an increase in demand for EPP foam, which plays an important role in improving vehicle efficiency and safety. As the automotive industry prioritizes fuel efficiency and safety, demand for EPP foam is likely to rise accordingly.

Rising demand in the construction industry is projected to fuel the Expanded Polypropylene (EPP) Foam Market. The construction industry extensively uses EPP foam for insulation and lightweight structural components. According to the United States Census Bureau, the value of building projects in the United States will reach $1.79 trillion in 2022, up from USD 1.59 Trillion in 2021, a 12.2% rise. This increase in construction activity highlights the growing need for materials with outstanding thermal insulation capabilities and structural benefits, driving up demand for EPP foam in the industry.

How Does the Price Volatility of Raw Materials Impact the Growth of the Expanded Polypropylene (EPP) Foam Market?

The growth of the expanded polypropylene (EPP) foam market, the volatility of raw material prices is anticipated to have an impact on the market. Polypropylene, a petroleum-derived polymer, is significantly used in the creation of EPP foams. Oil price fluctuations can cause considerable differences in the cost of polypropylene, affecting overall EPP foam production costs. When raw material costs fluctuate, manufacturers face uncertainty, which could lead to higher product pricing or worse profit margins. This volatility can stifle market growth by reducing EPP foam's competitiveness in comparison to other materials, as well as discouraging investment in EPP foam production and development.

Cost changes are anticipated to have an impact on the expansion of the polypropylene (EPP) foam market. The production of EPP foam is primarily reliant on polypropylene, a material whose prices can fluctuate dramatically due to fluctuations in oil prices and supply chain disruption. These cost changes might raise production costs, resulting in higher prices for EPP foam products. As a result, manufacturers and consumers may seek more stable and cost-effective alternatives, thus reducing demand.

Category-Wise Acumens

Will the Lightweight Boost the Low-Density EPP Segment for the Expanded Polypropylene (EPP) Foam Market?

The lightweight nature of expanded polypropylene (EPP) foam is predicted to stimulate growth in the low-density EPP category. Low-density EPP is currently the dominating segment in the Expanded Polypropylene (EPP) Foam Market. Low-density EPP foam has an outstanding strength-to-weight ratio, making it ideal for applications requiring weight reduction, such as in the automotive and aerospace industries. This attribute contributes to increased fuel efficiency and lower emissions in automobiles and aircraft.

Furthermore, low-density EPP foam is great at energy absorption and thermal insulation, making it popular in the packaging, consumer products, and building industries. As industries prioritize lightweight materials to meet regulatory norms and consumer preferences, the low-density EPP segment is expected to rise significantly.

Cushioning qualities will drive the expansion of the low-density Expanded Polypropylene (EPP) Foam Market. Low-density EPP foam has high shock absorption and resilience, making it perfect for protective packaging, automotive components, and safety equipment. Its capacity to provide exceptional cushioning while remaining lightweight and resilient makes it extremely desirable in areas were protecting goods and guaranteeing safety are critical. As demand for dependable cushioning solutions rises, the low-density EPP category is likely to expand significantly.

Will Durability and Heat Resistance Fuel the Automotive Category of the Expanded Polypropylene (EPP) Foam Market?

The automotive industry currently holds the dominant position within the expanded polypropylene foam (EPP) market. The durability and heat resistance of expanded polypropylene (EPP) foam will fuel expansion in the automobile industry. EPP foam's strength allows it to endure repeated hits and extreme circumstances, making it perfect for usage in-vehicle components like bumpers, interior panels, and safety systems. Furthermore, its superior heat resistance allows it to sustain performance and structural integrity in high-temperature conditions, which is critical for automotive applications. As the automotive industry continues to focus on improving vehicle safety, performance, and efficiency, the need for long-lasting and heat-resistant EPP foam is likely to increase greatly.

The automotive industry for expanded polypropylene (EPP) foam will rise based on impact absorption and safety. EPP foam's strong impact absorption qualities make it extremely useful in improving vehicle safety by moderating collision forces and lowering injury risks in crashes. Its application in components including vehicle bumpers, seat padding, and interior trim enhances overall crashworthiness and passenger safety. As automotive safety requirements tighten and manufacturers strive to improve vehicle safety features, the need for EPP foam's impact-absorbing qualities is likely to generate significant development in the automotive industry.

Country/Region-wise Acumens

Will Rapid Industrialization Propel the Asian Pacific Region for the Expanded Polypropylene (EPP) Foam Market?

The Asia-Pacific region currently holds the dominant position within the expanded polypropylene foam (EPP) market. Rapid industrialization in Asia-Pacific will result in significant growth in the Expanded Polypropylene (EPP) Foam Market. The region's industrial expansion, particularly in China, India, and Japan, is driving up demand for EPP foam in automotive parts, packaging solutions, and consumer items. Industrial production in emerging Asia is increasing by 3.8% in 2022, with predictions of 4.8% in 2023 and 4.9% in 2024. China's manufacturing PMI increased to 51.9, Japanese manufacturing production increased by 3.2%, and India's Index of Industrial Production improved by 5.2%. This rapid industrial activity shows the growing demand for lightweight, durable, and adaptable materials such as EPP foam, which is driving market growth throughout the region.

Growing consumer demand in Asia-Pacific will generate significant expansion in the Expanded Polypropylene (EPP) Foam Market. The growing middle class boosts consumption in a variety of industries, increasing the need for EPP foam in packaging, furniture, and sporting equipment. With the middle class in East Asia and the Pacific predicted to rise from 2 billion people in 2020 to 3.5 billion by 2030, and the region's middle-class accounting for 65% of the global total by 2030, demand for EPP foam is increasing.

Furthermore, China's per capita disposable income and India's private final consumption expenditure have both increased significantly, boosting the need for EPP foam in consumer products. This solid consumer spending and expanding affluence are boosting the EPP foam market throughout Asia-Pacific.

Will the Technological Advancements in North America Region Drive the Expanded Polypropylene (EPP) Foam Market?

Technological advances in North America will promote the expansion of the polypropylene (EPP) foam market. The region is at the forefront of EPP molding process advances, as well as the development of new applications in medical equipment and building materials. Increased investment in research and development, with a remarkable 15.8% increase in R&D spending in 2021 and an 8% predicted increase in R&D employment, demonstrates this dedication to technological innovation. Furthermore, the approval of new medical gadgets that could use EPP foam, as well as a 10.2% increase in building investment, show EPP foam's rising prospects. These advances are expected to drive the market forward with improved applications and technological innovations.

Consumer awareness will fuel the expansion of the polypropylene (EPP) foam market in North America. Growing environmental concerns and a demand for sustainable packaging solutions are driving up the use of EPP foam, particularly in the packaging of electronics and food goods. With 74% of consumers willing to pay more for sustainable packaging and a large increase in e-commerce sales-USD 1.03 Trillion in the United States and CAD 398 billion in Canada-there is an increasing demand for protective, environmentally friendly materials. These trends reflect the growing market for EPP foam, which is driven by customer demand for environmentally friendly packaging solutions.

Competitive Landscape

The Expanded Polypropylene (EPP) Foam Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the Expanded Polypropylene (EPP) Foam Market include:

JSP, BASF SE, KANEKA CORPORATION, DS Smith, FURUKAWA ELECTRIC CO., LTD., Hanwha Group, Sonoco Products Company, Knauf Industries, Izoblok, DONGSHIN INDUSTRY INCORPORATED, Clark Foam Products Corporation, Paracoat Products Ltd., Molan-Pino South Africa, Signode Industrial Group LLC, Armacel.

Latest Developments

In January 2024, JSP, a Japanese plastic foam manufacturer, purchased a 30% share in GID, a German EPP/EPE recycler. This protects JSP's access to recycled materials in Europe. GID specializes in collecting, sorting, and recycling EPP/EPE trash. The relationship began in 2019 with recycled polypropylene used in JSP's Arpro Rebrand. This agreement comes despite Germany's record-breaking plastic recycling rate (67.5% in 2022) and forthcoming energy subsidies for plastic recyclers.
In March 2022, South Korean chemical manufacturer Hanwha Solutions will sell a stake in its advanced materials division to private equity firm Glenwood PE for USD 491.4 million. The move aims to raise funds for investments in sectors such as batteries and petrochemicals. The advanced materials section includes Hanwha's EPP foam activities, which are well-known in the automotive, packaging, and sports equipment industries.
In February 2022, BEWI bought 121,870 shares of Izoblok through a successful tender offer launched in November 2021, accounting for 9.62% of the company's capital share. It's worth noting that BEWI previously acquired 54.21% of Izoblock's shares in August 2021. With this new transaction, BEWI now owns 63.83% of Izoblok.

1 INTRODUCTION OF GLOBAL EXPANDED POLYPROPYLENE (EPP) FOAM MARKET

1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL EXPANDED POLYPROPYLENE (EPP) FOAM MARKET OUTLOOK

4.1 Overview
4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL EXPANDED POLYPROPYLENE (EPP) FOAM MARKET, BY PRODUCT TYPE

5.1 Overview
5.2 Low-Density
5.3 Medium-Density
5.4 High-Density

6 GLOBAL EXPANDED POLYPROPYLENE (EPP) FOAM MARKET, BY APPLICATION

6.1 Overview
6.2 Automotive
6.3 Packaging
6.4 Consumer Products
6.5 Building & Construction
6.6 Oil & Gas

7 GLOBAL EXPANDED POLYPROPYLENE (EPP) FOAM MARKET, BY GEOGRAPHY

7.1 Overview
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.2.3 Mexico
7.3 Europe
- 7.3.1 Germany
- 7.3.2 U.K.
- 7.3.3 France
- 7.3.4 Rest of Europe
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 Rest of Asia Pacific
7.5 Rest of the World
- 7.5.1 Latin America
- 7.5.2 Middle East and Africa

8 GLOBAL EXPANDED POLYPROPYLENE (EPP) FOAM MARKET COMPETITIVE LANDSCAPE

8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies

9 COMPANY PROFILES

9.1 JSP
- 9.1.1 Overview
- 9.1.2 Financial Performance
- 9.1.3 Product Outlook
- 9.1.4 Key Developments
9.2 BASF SE
- 9.2.1 Overview
- 9.2.2 Financial Performance
- 9.2.3 Product Outlook
- 9.2.4 Key Developments
9.3 KANEKA CORPORATION
- 9.3.1 Overview
- 9.3.2 Financial Performance
- 9.3.3 Product Outlook
- 9.3.4 Key Developments
9.4 DS Smith
- 9.4.1 Overview
- 9.4.2 Financial Performance
- 9.4.3 Product Outlook
- 9.4.4 Key Developments
9.5 FURUKAWA ELECTRIC CO., LTD.
- 9.5.1 Overview
- 9.5.2 Financial Performance
- 9.5.3 Product Outlook
- 9.5.4 Key Developments
9.6 Hanwha Group
- 9.6.1 Overview
- 9.6.2 Financial Performance
- 9.6.3 Product Outlook
- 9.6.4 Key Developments
9.7 Sonoco Products Company
- 9.7.1 Overview
- 9.7.2 Financial Performance
- 9.7.3 Product Outlook
- 9.7.4 Key Developments
9.8 Knauf Industries
- 9.8.1 Overview
- 9.8.2 Financial Performance
- 9.8.3 Product Outlook
- 9.8.4 Key Developments
9.9 Izoblok
- 9.9.1 Overview
- 9.9.2 Financial Performance
- 9.9.3 Product Outlook
- 9.9.4 Key Developments
9.10 DONGSHIN INDUSTRY INCORPORATED
- 9.10.1 Overview
- 9.10.2 Financial Performance
- 9.10.3 Product Outlook
- 9.10.4 Key Developments