Expanded polypropylene (EPP) foams are a recyclable closed cell moulded foams which are broadly used by automotive manufacturers because of its performance benefits such as lightweight, excellent functionality, durability, and recyclability.
Based on Types, the EPP foams market is segmented into Low-Density PP Foams, High-Density PP Foams, and Porous PP Foams. The Low-Density PP Foams segment has a growing demand in the packaging industry, owing to its superior characteristics. Porous PP foams in the automotive industry for sound and vibration absorption. Interior design and protection of vehicles is the largest application of Porous PP foams.
Based on Applications, the market is bifurcated into Transportation, Consumer Products, Electrical & Electronics, and Others. The automotive industry accounted for the largest share in the EPP Foam Market, accounting for over 40% of the total market share. The rising demand for noise-reduction vehicle interiors is expected to drive the demand for EPP Foams.
Asia Pacific dominates the EPP foam market and accounts for more than 45% of the total market share. Consumer goods and Electrical & Electronics industries in China, India, and Japan are experiencing rapid growth due to industrialization, availability of raw materials, and accessibility of labor which will boost the market growth in the forecast period. North America accounted for more than 20% of the market share owing to growing End-Use Industries in the US and Canada. The extensive usage of high-performance materials for automobile parts as a result of the rising demand for fuel-efficient vehicles has increased the use of EPP foam rather than the alternatives that are now available.
Knauf Industries launched a new EPP Foam production line for car parts in its plant in Nowa Wie? Wroc?awska.
EPP foam is widely used in the automotive sector for thermal insulation, acoustic management, and impact absorption in the floor, seats, bumpers, and door panels.
The growing usage of electric cars promotes the growth of the EPP foam market because these foams play an important role in manufacturing lightweight and thermally insulated electric vehicles, thereby improving the energy absorption capabilities of electric vehicles. It helps in reducing the overall weight by 10% and fuel consumption by 6-7%.
Therefore, increasing demand for Expanded Polypropylene Foam in the Automotive sector is expected to drive the market growth for passenger safety and noise, vibration, and harshness (NVH).
The rising significance of reducing the weight of vehicles to enhance fuel efficiency is expected to drive the growth of the EPP Foam market during the forecast period.
Propylene is a major raw material used for the manufacture of Expanded Polypropylene (EPP) Foam. Crude Oil is the raw material used for the production of Propylene. The volatility associated with the prices of oil globally is expected to affect the overall Expanded Propylene Foam market and hinder the market growth during the forecast period.
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