The North America Expanded Polypropylene Foam Market size is anticipated to reach USD 682.97 million by 2030, expanding at a CAGR of 12.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Developments in the automobile and packaging sectors are likely to drive the demand for the expanded polypropylene (EPP) foam in these application segments. Increasing use of environment-friendly and energy saving products is also expected to positively influence the market growth.
Stringent
environmental regulations and increasing focus on indoor air quality are
anticipated to drive the EPP foam market in North America. Moreover, increasing
investments in the automotive sector by the government and private institutions
are projected to contribute to the demand for expanded polypropylene foam.
Rising
utilization of noise and vibration insulation solutions in the consumer goods,
appliances, and automotive industries is anticipated to urge manufacturers to
take up backward integration in the value chain over the forecast period.
Greater participation in the value chain is likely to result in time reduction
for transforming raw materials into finished products and in gaining cost
advantage.
Usage
of high-density expanded polypropylene foam is increasing in the industrial
packaging applications owing to its high impact strength. Moreover, increasing
demand from the automotive industry for the manufacturing of lightweight
components is expected to drive the product demand over the forecast period.
Widening of distribution channels has also made these products readily
available to the users, thus acting as a driving force for the growth of this
market.
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summary: North America Expanded Polypropylene Foam Market Report
North
America Expanded Polypropylene Foam Market Report Highlights
- Based on
product, the market is segmented into low-density Expanded Polypropylene
Foam, medium-density Expanded Polypropylene Foam and high-density Expanded
Polypropylene Foam.
- Based on
application, The automotive segment dominated the North America Expanded
Polypropylene Foam Market in terms of revenue in 2023.
- The
construction segment is expected to witness the fastest growth over the
forecast period. The rise in construction activities in North America is
expected to create demand for Expanded Polypropylene Foam (EPP) foam-based
products in the region during the forecast period.
- The U.S.
Expanded Polypropylene Foam Market held the largest share of 70.10% in
2023 and is expected to maintain its position over the forecast period.
Related Press Release@ North America Expanded Polypropylene Foam Market
North America Expanded
Polypropylene Foam Market Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD
339.44 million |
|
Revenue
forecast in 2030 |
USD
682.97 million |
|
Growth
rate |
CAGR of
12.4% from 2024 to 2030 |
|
Historical
data |
2018 -
2023 |
|
Forecast period |
2024 - 2030 |
North
America Expanded Polypropylene Foam Market Segmentation
Grand
View Research has segmented North America expanded polypropylene foam market
report based on product, application, and country:
North
America EPP Foam Product Outlook (Volume, Tons; Revenue, USD Million, 2018
- 2030)
- Low Density
- Medium
Density
- High Density
North
America EPP Foam Application Outlook (Volume, Tons; Revenue, USD Million,
2018 - 2030)
- Automotive
- Bumper Cores
- Seating
- Instrument
Panels
- Interior
trim components (Headliners, Door Panels, Armrests)
- Underbody
protection (Fuel Tanks, Exhaust Systems, Suspension Components)
- Construction
- Insulation
(Wall and Roof)
- Formwork
- Underlayment
- Structural
Components
- Packaging
- Protective
packaging
- Temperature
controlled packaging
- Reusable/returnable
packaging
- Consumer
Electronics
- Protective
Cases
- Insulation
- Aerospace
- HVAC
- Heat
Exchanger Casings
- Insulation
(Heating and Air conditioning Systems)
- Medical
- Others
- Horticulture
- Furniture
& Design
- Toys
- Military
& Defense
North
America EPP Foam Country Outlook (Volume, Tons; Revenue, USD Million, 2018
- 2030)
- North America
- U.S.
- Canada
- Mexico
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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