Wednesday 15 November 2017

The Rising Awareness Of Environmental Concerns Is The Major Driver For The Growth Of EPP Foam Market

The global expanded polypropylene (EPP) foam market is set to achieve around USD 1.3 billion by 2025. Expanded polypropylene is an extremely useful closed-cell bead. It exhibits some exceptional properties such as flexibility, water and chemical resistance, impact resistance, energy absorption, and thermal insulation.

Expanded Polypropylene (EPP) Foam Market 


EPP foams are categorized into different grades such as high density, medium density, and low density. High density grade EPP foams are exceptionally strong and light weight, which allows it to be widely used in heavy industrial packaging and automotive applications such as bumpers and interior safety parts. Medium density EPP grades are mostly used in furniture and various consumer products. Low density EPP foam is used for flexible and protective packaging in several fields, including food and beverages, medical, industrial equipment, consumer electronics, and household appliances.

For instance, DS Smith developed “ARPRO Porous”, a unique open cell bead used widely in car interiors for reducing noise, vibration, and harshness (NVH) without increasing the weight of the vehicle.

In May 2017, the company launched “AKYBOARD 3DS”, a polypropylene sheet with bubble structure. This product is light weight and scratch-resistant and is used in various light utility vehicle applications such as floor protection and van lining.

According to Grand View Research, Inc., rising demand for chemical- as well as water-resistant material in the packaging and consumer goods industry and rapidly growing automotive sector can propel the expanded polypropylene (EPP) foam market . The need to reduce the weight of a vehicle to increase fuel economy is estimated to drive demand for EPP foam in the automotive industry during the forecast period (2014 to 2025).

Propylene is a key raw material used for manufacturing and is easily available in the market. However, it may face stiff competition from lower-priced alternatives such as expanded polycarbonate, and expanded polyethylene (EPE).

Medium density EPP foams are projected to observe substantial growth in future due to their increasing usage in manufacturing toys, furniture, electronics, and household appliances. The high-density segment is predicted to expand at significant growth during the forecast period due to extensive use in the automotive industry for safety of travelers and reduction of noise, vibration, and harshness.

Asia Pacific dominated the market in recent years due to increased product demand in key end-use industries including packaging and automotive. Europe is expected to observe momentous growth owing to a recovering automotive sector and expanding consumer goods industry.

Prominent players operating in the market include JSP Corporation, Kaneka Corporation, BASF SE, Hanwha Corporation, and Clark Foam Products Corporation.

In-Depth research report on Expanded Polypropylene (EPP) Foam Market:
http://www.grandviewresearch.com/industry-analysis/expanded-polypropylene-epp-foam-market

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