In 2023, the automotive expanded polypropylene foam market is expected to be worth USD 478.61 million. By the end of the projection period, which runs from 2023 to 2033, the market is anticipated to continue to expand and surpass a valuation of USD 898.42 million. This sector is anticipated to expand at a 6.5% CAGR during the predicted period.
This foam is popular for internal and external components including under carpet-floor leveling systems, side impact protection, and front impact protection assemblies installed in automotive. With an ideal cost-effective material, low tooling costs, and shorter lead time EPP foam dominates other types of cellular foams present in the market.
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Market Titans
- 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
Key findings of the automotive expanded polypropylene foam study:
- Innovative manufacturing processes implemented by automotive expanded polypropylene foam vendors in detail.
- Region-wise and country-wise fragmentation of the automotive expanded polypropylene foam to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global automotive expanded polypropylene foam.
- Regional breakdown of the automotive expanded polypropylene foam based on predefined taxonomy.
In-Depth Assessment on Key Segments
- By Product Type :
- Synthetic Polypropylene
- Bio-Based Polypropylene
- Other Product Types
- By Product Form :
- Fabricated EPP
- Molded EPP
- Other Product Forms
- By Sales Channel :
- OEM (Original Equipment Manufacturer)
- Aftermarket
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Regional Analysis
Asia-Pacific, Japan, North America, Europe, the Middle East and Africa (MEA), and Latin America are some of the geographical divisions of the market. The North American continent has dominated the market. This is attributed to the region’s expanding vehicle manufacturing. Due to an increase in the production of high-end and lightweight automobiles in developing nations like Korea, China, and India, the Asia Pacific area is predicted to grow rapidly over the course of the forecasted period.
The EPP foam market is expanding strongly in Europe as well as in North America and the Asia-Pacific region. The market’s expansion in Europe is the result of its use in consumer goods, building & construction, and construction. The MEA region’s construction market is expanding as a result of rising construction activity. On the other hand, due to its increasing industrialization, Latin America is likely to have faster growth throughout the anticipated period.
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