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Automotive Expanded Polypropylene (EPP) Foam Market

Automotive Expanded Polypropylene (EPP) Foam Market Analysis By Product Type (Synthetic Polypropylene, Bio-Based Polypropylene), By Product Form (Fabricated EPP, Molded EPP), By Sales Channel, By Region - Global Forecast 2022-2032

Analysis of Automotive Expanded Polypropylene (EPP) Foam market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Global Automotive Expanded Polypropylene (EPP) Foam Market Outlook

The global automotive expanded polypropylene foam market is estimated at USD 449.4 Million in 2022 and is forecast to surpass USD 847.5 Million by 2032, growing at a CAGR of 6.5% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 424.1 Million

Estimated Year Value (2022E)

USD 449.4 Million

Projected Year Value (2032F)

USD 847.5 Million

Global Growth Rate (2022-2032)

 CAGR 6.5%

North America Market Share in 2021

~39%

North America Growth Rate (2022-2032)

CAGR ~6.9%

Collective Value Share (US, China, India) 2022: Top 3 Countries

~45%

Top 5 Companies Market Share in 2021

~25%

Key Companies Profiled

  • FURUKAWA Electric Co. Ltd.
  • Sonoco Protective Solutions
  • Hanwha Corporation
  • DS Smith Plastics
  • BASF SE
  • The Woodbridge Group
  • JSP Corporation
  • Kaneka Corporation
  • SSW Pearl Foam GmbH
  • Other Market Players

The global automotive expanded polypropylene foam market is likely to create an absolute dollar opportunity of USD 398.1 Million by the end of 2032. The global automotive expanded polypropylene foam market holds ~48% of the global expanded polypropylene foam market.

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2017-2021 Global Automotive Expanded Polypropylene Foam Market Outlook in Comparison to 2022-2032 Growth Forecast

Foams are available in different types like polyurethane foams, polyethylene foams, olefins, polystyrene foams etc. The automotive manufacturers are opting more for polypropylene foams in comparison to other foams due to its excellent chemical and heat resistance as well as the freedom of geometric design it offers to attract the customers. Growing applicability of these foams in automobiles for interior trims, bumpers, battery cases, trays, fender liners, instrumental panels and door trims continues to create high demands in the market.

The addition of eco-friendly polypropylene foams by leading corporations like JSP Corporation and Hanwha Group is creating significant attraction among the automakers. These manufacturers are doing innovations with their offerings and are guaranteeing multiple impact resistance, buoyancy, moldability in their offerings.

Widespread benefits of automotive expanded polypropylene (EPP) foam material in impact resistance, energy and shock absorption is fueling its adoption in diverse vehicles. With impressive elasticity, thermal resistance, recyclability, oil resistance, non-toxicity, and shock-proof nature, EPP foam makes an integral part of automotive manufacturing vertical. The automotive industry has witnessed an increase in the global production and consumption of vehicles in recent years. The automotive industry is proliferating, which is also expected to trigger growth in the automotive expanded polypropylene foam market in the forthcoming years.

Fact.MR projects the automotive expanded polypropylene foam market is expected to witness exhibiting growth at 6.5% CAGR during 2022 and 2032 in comparison to a CAGR of 4.6% with which it grew from 2017 and 2021.

Automotive Expanded Polypropylene (EPP) Foam Market

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Impressive Properties Propelling Market Growth

Growing trend of lightweight vehicles is prompting manufacturers in automotive expanded polypropylene foam market to design in-demand components to appeal to a wide consumer base. When automotive expanded polypropylene foam is combined with metals, it helps in reducing weight, increases shock absorption and alleviates vibration and dampening of vehicles. Consequently, automakers are focusing on increased use of automotive expanded polypropylene foam to capitalize on accelerating trend of lightweight vehicles.

While the bio-plastics industry is accelerating rapidly, demand for bio-based polypropylene is likely to grow. There have been several regulatory initiatives envisioned for the promotion of bio plastics to arrest the growing carbon emissions. Rising government regulations on carbon emission have the potential to trigger adoption of bio-based polypropylene in the automotive expanded polypropylene foam market.

The excellent physical properties as compared to other commercially available cellular foams, automotive expanded polypropylene (EPP) foam has witnessed several applications in the automotive industry including safety and sound deadening.

In addition, automotive expanded polypropylene (EPP) foam are used in heat recovery units, hot water valve insulation, and other lightweight rigid structures. As automotive expanded polypropylene (EPP) foam can sustain multiple impacts and returns to its original shape without any deformation, it is highly used for safety applications. Automotive expanded polypropylene (EPP) foam is widely used in other automotive parts and systems such as seating and other interior components.

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Multiple Applications Fueling Market Demand

Automotive expanded polypropylene (EPP) foam is popular for internal and external components including under carpet-floor leveling system, side impact protection, and front impact protection assemblies installed in automotive. With an ideal cost-effective material, low tooling costs and shorter lead-time automotive expanded polypropylene (EPP) foam dominates other types of cellular foams present in the market.

A bead foam which is utilized in the applications such as industrial and automotive packaging is known as expanded polypropylene foam. This foam shows unique and exceptional properties like impact resistance, thermal insulation, water & chemical resistance and outstanding energy absorption. Owing to its unique abilities of cushioning and its flexibleness that offers tremendous protection to composite shapes, automotive expanded polypropylene foams are widely used in industrial packaging.

There are basically two types of automotive expanded polypropylene foams such as low and high density expanded polypropylene foams which are available in various densities. An expanded polypropylene foam with high grade density displays outstanding strength and reduced property of weight.

These foams are utilized in application where the critical parameter is the management of energy. This is the precise reason that such foams are used in automotive applications such as bumpers and other passenger safety parts. On the other hand low density foams are utilized in the applications such as industrial packaging, while medium density foams are applicable to furniture and other consumer products.

Factors Driving the Market Growth of Automotive Expanded Polypropylene Foam Market

One of the most significant factors which is creating robust growth in the automotive expanded polypropylene foam market is growing awareness about environmental concerns and rising demand for light weight and fuel efficient cars. The overall development of automotive sector and growing production and consumption of automobiles worldwide is likely to fuel the growth of automotive expanded polypropylene market.

Growing application of expanded polypropylene foam in wide-ranging industries like automotive, packaging and aerospace due to its light weight and recyclable properties. This foam is light weight, moreover it has outstanding strength along with improved absorption capabilities. These properties increase the use of expanded polypropylene in those automotive parts that are crash prone. Another reason for the greater boost of automotive expanded polypropylene foam market is the utilization of higher density foam in heavy industrial packaging.

Regional Outlook on Automotive Expanded Polypropylene (EPP) Foam Market

Automotive expanded polypropylene foam market is segmented into various regions such as Asia-Pacific, Japan, North America, Europe, MEA and Latin America. North America region has grabbed remarkable share in the automotive expanded polypropylene foam market. This is due to growing production of vehicle in the region. Asia Pacific region is likely to register high compound annual growth rate throughout the projected period due to rise in the manufacturing of premium and light weight vehicles in developing countries such as Korea, China and India.

Apart from North America and Asia-Pacific region, Europe is also exhibiting good growth of expanded polypropylene foam market. This growth of a market in Europe is due to its application in construction, consumer products, and building & construction. Growing constructional activities are fueling the growth of the market in MEA region. On the other hand Latin America is likely to register higher growth rate throughout the projected period due to growing industrialization.

Competitive Landscape: Top Companies in Automotive Expanded Polypropylene Foam Market

The global automotive expanded polypropylene foam market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of automotive expanded polypropylene foam.

Fact.MR has provided detailed information about price points of key manufacturers in automotive expanded polypropylene foam market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • JSP Corporation in 2020 launched a polypropylene foam which is made with 15% recycled maritime waste. It is named as “Arpro 35 Ocean”, and has a medium bulk density of 34 g/l for light weight molded parts. This is likely to improve the market share coupled with the profitability of the company in coming years
  • DS Smith PLC in 2021 launched customer-centric automotive website to deliver innovative, and eco-friendly polypropylene foams for automobile manufacturers. This will bolster their position as a automotive industries supplier

Global Automotive Expanded Polypropylene Foam Market by Category

  • By Product Type, Global Automotive Expanded Polypropylene Foam Market is segmented as:

    • Synthetic Polypropylene
    • Bio-Based Polypropylene
    • Other Product Types
  • By Product Form, Global Automotive Expanded Polypropylene Foam Market is segmented as:

    • Fabricated EPP
    • Molded EPP
    • Other Product Forms
  • By Sales Channel, Global Automotive Expanded Polypropylene Foam Market is segmented as:

    • OEM (Original Equipment Manufacturer)
    • Aftermarket
  • By Region, Global Automotive Expanded Polypropylene Foam Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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The global value of automotive expanded polypropylene foam market is estimated to be worth over USD 449.4 Million in 2022.

The demand is anticipated to surpass USD 847.5 Million by 2032 end.

During 2017-2021, global automotive expanded polypropylene foam market grew at 4.6% CAGR.

Some of the prominent players in automotive expanded polypropylene foam market are FURUKAWA Electric Co. Ltd., Sonoco Protective Solutions, Hanwha Corporation, DS Smith Plastics, etc.

North America tops the global automotive expanded polypropylene foam market accounting for 38.7% of global market share in 2022.

Fabricated EPP segment under the product form segment contributes 42.3% of market share in global sales of automotive expanded polypropylene foam.

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