Expanded Polypropylene Foam Market Size, Share and forecast

A closed-cell bead foam with a wide range of applications, expanded polypropylene (EPP) is made from polypropylene resin. Steam and pressure are used to expand polypropylene beads, fusing them into a lightweight, strong, and moldable substance to produce the foam. Because of its remarkable resilience and energy absorption, the material produced by the manufacturing process has special qualities that enable it to sustain repeated impacts without permanently deforming. Other well-known qualities of EPP include its high strength-to-weight ratio, ability to insulate against heat and sound, and resistance to chemicals and water. These qualities make it a high-performance material, as does its capacity to be recycled.   

According to SPER market research, ‘Global Expanded Polypropylene Foam Market Growth, Size, Trends Analysis – By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ states that the Global Expanded Polypropylene Foam Market is estimated to reach USD 3621.67 million by 2034 with a CAGR of 11.47%. 

Drivers: 

Expanded polypropylene foam is environmentally safe. It is easy to recycle and completely non-toxic. Recycling polypropylene is becoming an increasingly popular and cost-effective solution. The entire recycling process is easy with the help of a competent EPP recycling machine. The GREENMAX EPP Recycling Machine from INTCO Recycling can compress EPP into ingots, which are then sent to manufacturers to be used in other products. The recycling process consists of five steps: collecting, sorting, cleaning, melting, and using recycled PP to make new products. Therefore, for recycling the majority of other items, the first three steps are the same. But the last two are important. In reprocessing, collectible PP materials are melted at 2,400 °C and then crushed into granules in an extruder. After that, these pellets can be used to start making new products. 

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Restraints: 

The decline that the automotive industry has been going through for a few years was exacerbated by the coronavirus outbreak. A prolonged period of sector contraction would only have a longer-term negative impact on the global economy, both in the short and long term. The International Monetary Fund (IMF) has identified the automotive sector as a major contributor to the overall decline in industrial output. The decrease in vehicle manufacturing, which also lowers the production of automotive parts, limits the global market for EPP foam. Automakers in the US were depending on selling off their current stock, but now they have to worry about running out of supplies while the country is under lockdown. Auto sales are expected to be greatly impacted by the final production loss. Expanded polypropylene (EPP) foam is majorly sold in the Asia-Pacific region due to major manufacturing in the automotive and electronics industries, rapid industrialization, and robust growth in the consumer goods and packaging industries. Some of the major market players are: Armacel, Clark Foam Products Corporation, DONGSHIN INDUSTRY INCORPORATED, DS Smith, Hanwha Group, JSP, KANEKA CORPORATION, Knauf Industries, Sonoco Products Company. 

For More Information, refer to below link: –   

Expanded Polypropylene Foam Market Share

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