Latin America Expanded Polypropylene Foam Market Size & Outlook
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Latin America expanded polypropylene foam market highlights
- The Latin America expanded polypropylene foam market generated a revenue of USD 103.1 million in 2024.
- The market is expected to grow at a CAGR of 8.2% from 2025 to 2033.
- In terms of segment, high density was the largest revenue generating product in 2024.
- High Density is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 103.1 million |
| Market revenue in 2033 | USD 211.9 million |
| Growth rate | 8.2% (CAGR from 2025 to 2033) |
| Largest segment | High density |
| Fastest growing segment | High Density |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High Density, Low Density, Medium Density |
| Key market players worldwide | JSP Corp, Basf SE, Kaneka Corp, DS Smith PLC, Furukawa Electric Co Ltd, Hanwha, Sonoco Products Co, Knauf, Crown Holdings Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.9% of the global expanded polypropylene foam market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,086.6 million by 2033.
High density was the largest segment with a revenue share of 46.85% in 2024. Horizon Databook has segmented the Latin America expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2021 to 2033.
The presence of oil exporting countries in the region enables a steady supply of raw materials at relatively low prices. However, the volatility associated with raw material prices has restrained the market growth. The oil shock in the recent past has majorly affected GDP growth in the region, with the current economic slowdown resulting in a slowdown in manufacturing activities in the region.
The recovery in the global oil prices is expected to aid in the recovery of major oil exporting economies in CSA, which, in turn, is expected to trigger manufacturing activities and industrial growth in the region. The presence of robust automotive and consumer goods industries in the region is expected to drive the market growth of EPP foam in end-use segments over the forecast period.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| JSP Corp | View profile | 3282 | 4-2, 3-chome Marunouchi, Shi-Nisseki Building, Chiyoda-ku, Tokyo, Japan, 100-0005 | https://www.co-jsp.co.jp |
| Knauf | View profile | 51-100 | Utrecht, Utrecht, The Netherlands, Europe | https://knauf.be/nl |
| DS Smith PLC | View profile | 29672 | 1 Paddington Square, Level 3, London, United Kingdom, W2 1DL | https://www.dssmith.com |
| Kaneka Corp | View profile | 13284 | 3-2-4, Nakanoshima, Kita-ku, Osaka, Japan, 530-8288 | http://www.kaneka.co.jp |
| Hanwha | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hanwhacorp.co.kr/eng/index.jsp |
| Crown Holdings Inc | View profile | 25000 | 14025 Riveredge Drive, Suite 300, Tampa, FL, United States, 33637-2015 | https://www.crowncork.com |
| Furukawa Electric Co Ltd | View profile | 51314 | Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, Japan, 100-8322 | http://www.furukawa.co.jp |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Sonoco Products Co | View profile | 23000 | 1 N. Second Street, Hartsville, SC, United States, 29550 | http://www.sonoco.com |
Latin America expanded polypropylene foam market size, by country, 2021-2033 (US$M)
Latin America Expanded Polypropylene Foam Market Outlook Share, 2024 & 2033 (US$M)
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