Expanded Polypropylene Market Research Report - Global Forecast till 2027

Expanded Polypropylene Market Research Report: By Application (Automobile, Packaging, Consumer Goods, Others) and By Region – Forecast to 2027

ID: MRFR/CnM/8216-HCR | February 2021 | Region: Global | 185 pages

Expanded Polypropylene Market Overview


According to MRFR analysis, Expanded Polypropylene Market is projected to register a CAGR of over 5.4% to reach over USD 2.1 Billion by the end of 2027.


Expanded Polypropylene is a closed-cell bead of polypropylene that offers a unique range of properties such as excellent energy absorption, good impact resistance, thermal insulation, good water, and chemical resistance, buoyancy, exceptional toughness, and recyclability. Owing to its outstanding properties expanded polypropylene finds a wide range of applications in diverse end-use industries that includes automobile, packaging, and consumer goods, amongst others.


The key factor driving the growth of the expanded polypropylene market is its widespread usage in the automobile industry due to its exceptional properties such as lightweight, high energy absorption, enhanced functionality, toughness, and durability. Moreover, with the growing demand for lightweight and recyclable automotive components, the demand for expanded polypropylene is expected to witness a lucrative growth in the coming years.


Another major factor for the growth of expanded polypropylene market is its increasing areas of applications such as air ducts, aerospace, and building & construction, expanding production capacities of polypropylene across the globe, especially in China and Russia and favorable government policies on the use of environment-friendly and recyclable plastic components.


All the above-mentioned factors are projected to boost the demand for expanded polypropylene during the review period.


Key Players



  • JSP Corporation (Japan)

  • Kaneka Corporation (Japan)

  • Hanwha Chemical Corporation (South Korea)

  • BASF SE (Germany)

  • The Dow Chemical Company (US)

  • DS Smith Plc (UK)

  • Sonoco Products Company (US)

  • Chemische Fabrik Budenheim Kg (Germany)

  • Automa Multi Styrene (South Africa)

  • Clark Foam Products (US)


Production Outlook


The global production of polypropylene has reached around 80 million tons in 2018 with China holding around 25% of global production. Further, a rise in polypropylene capacities is witnessed in Russia over the past few years. However, the expanding capacities of polypropylene has led to the oversupply affecting the pricing of the polypropylene globally.


Market USP


Expansion in Production pf Polypropylene


Market Drivers



  • Demand for Recyclable and Reusable EPP Foam

  • Exceptional properties offered by EPP foam

  • Expanding Demand for Lightweight Automotive Components

  • Rising investments in Emerging economies


Market Restraints



  • Volatile raw material prices

  • High price of expanded polypropylene


Segmentation


By Application



  • Automobile: Expanded polypropylene is used to manufacture various automotive components such as bumper systems, sun visors, battery covers, headrests, seats, door panels, and side-impact protection panels. The growing demand for lightweight automotive parts with excellent durability and strength is likely to boost the global expanded polypropylene market over the given forecast period.



  • Packaging: Owing to its lightweight and thermal insulation properties expanded polypropylene is widely used in the packaging industry. The reusable industrial packaging, such as dunnage is usually manufactured from the expanded polypropylene. Further, due to its thermal insulation properties, it is widely used in the packaging of foods and beverages.



  • Consumer Goods: In consumer goods application, expanded polypropylene is used in the manufacturing of electronics products, furniture, household appliance, toys, and other goods. The consumer goods application is likely to witness the highest growth in the given review period.



  • Others: The others segment includes building & construction, aerospace, ventilation systems, etc.


By Region



  • North America: The North American market for Expanded Polypropylene is driven by the expanding automobile and packaging industry in the region.



  • Europe: The market in Europe is projected to witness a demand for Expanded Polypropylene due to the growth of the automotive parts manufacturing industry, the presence of established automobile manufacturers, and a key exporter of packaging materials in the region. Major contributors to the market growth include Germany, the UK, France, Spain, and Russia.



  • Asia-Pacific: Asia-Pacific is the fastest-growing regional market on account of the rapid industrialization in the region. The growth potential is in emerging economies such as India, China, Thailand, Indonesia, and others.



  • Middle East & Africa: The demand for luxury cars in GCC countries and the presence of large oil & gas reserves in the region is the key factor driving the demand for Expanded Polypropylene.



  • Latin America: The Latin American market is projected to witness high demand for Expanded Polypropylene due to the growing automobile industry in Mexico.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 2.1 Billion (2027)
  CAGR   CAGR of over 5.4% (2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   JSP Corporation (Japan) Kaneka Corporation (Japan), Hanwha Chemical, Corporation (South Korea), BASF SE (Germany), The Dow, Chemical Company (US), DS Smith Plc (UK), Sonoco Products Company (US), Chemische Fabrik Budenheim Kg (Germany), Automa Multi Styrene (South Africa), Clark Foam Products (US)
  Key Market Opportunities   The growth of global expanded polypropylene market is its increasing areas of applications such as air ducts, aerospace, and building & construction, expanding production capacities of polypropylene across the globe, especially in China and Russia and favorable government policies on the use of environment-friendly and recyclable plastic components
  Key Market Drivers

  • Demand for Recyclable and Reusable EPP Foam\r\n
  • Exceptional properties offered by EPP foam\r\n
  • Expanding Demand for Lightweight Automotive Components


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    Frequently Asked Questions (FAQ) :


    The calculated CAGR for the Global Expanded Polypropylene Market is over 5%.

    Global Expanded Polypropylene Market will be expecting valuing USD 2.1 Billion by the end of 2027.

    The key factor raising the shares of the expanded polypropylene market is its widespread usage in the automobile industry owing to its outstanding properties such as high energy absorption, lightweight, toughness, enhanced functionality, and durability.

    DS Smith Plc, The Dow Chemical Company, Sonoco Products Company, Automa Multi Styrene, Chemische Fabrik Budenheim Kg, and Clark Foam Products are the prime vendors of the market.

    North America, Europe, Asia-Pacific, and Middle East & Africa are the regions mentioned in the expanded polypropylene market.