Expanded Polypropylene Foam Market Size, Share & Trends Report

Expanded Polypropylene Foam Market Size, Share & Trends Analysis Report, By Product (Low Density, Medium Density, High Density), By Application (Bumpers, Roof Pillars, Seat Bracing, Armrests, Others), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-931-9
  • Number of Pages: 180
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the expanded polypropylene foam market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for expanded polypropylene foam market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of expanded polypropylene foam market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Expanded Polypropylene Foam Market Categorization:

The expanded polypropylene foam market was categorized into three segments, namely product (High Density, Low Density, Medium Density), application (Bumpers, Roof Pillars, Seat Bracing, Armrests), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The expanded polypropylene foam market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The expanded polypropylene foam market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourteen countries, namely, the U.S.; Canada; Mexico; Germany; France; the UK.; Italy; China; India; Japan; Brazil; Argentina; GCC Countries; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Expanded polypropylene foam market companies & financials:

The expanded polypropylene foam market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • JSP Corporation -JSP Corporation is a foamed plastic manufacturer headquartered in Tokyo, Japan. The company operates through two operating segments, namely Bead and Extrusion. The company’s Bead business segment deals with bead foaming technology and is engaged in the manufacturing of various foamed products including polypropylene, polystyrene, and polyethylene. Whereas, its Extrusion segment is involved in the production of polystyrene, polyethylene, and polypropylene boards and sheets. The Expanded Polypropylene (EPP) offered by the company is sold under the brand name, ARPRO, which is primarily used for the manufacture of automobile seat cores, bumpers, and cushioning materials. The product is recyclable in nature, light in weight, and offers thermal, chemical, sound, and acoustical resistance. Other products offered by the company include STYRODIA, FOAMCORE, MIRAMAT, STYRENE PAPER, CAPLON, MIRABOARD, P-BOARD, and MIRAFOAM. The products serve five major industries including automotive, civil engineering, packaging, construction, and food packaging across North America, South America, Asia Pacific, and Europe.

  • BASF SE: BASF SE is a specialty chemical manufacturer that is involved in the production of solvents, plasticizers, monomers, glues, electronic chemicals, pigments, care chemicals, nutrition, health products, battery materials, engineering plastics, polyurethane, automotive & industrial coating materials, fungicides, herbicides, insecticides, and crop care products. The company operates through five business divisions, namely Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The company manufactures expanded polypropylene beads under its Performance Products division, marketed under the brand name, Neopolen P. The key applications served by the product include automotive construction, packaging & transport containers, furniture, sports, leisure, fireproofing, and dunnage trays.

  • Kaneka Corporation - Kaneka Corporation is a chemical manufacturing company operating through seven business lines including Chemicals, Functional Plastics, Expandable Plastics & Products, Foodstuff Products, Life Sciences Products, Electronic Products, and Synthetic Fibers. It offers a broad range of products including PVC, caustic soda, hydrochloric acid, liquid polymers, acrylic films, engineering plastic compounds, extruded polystyrene foam boards, expanded polystyrene, and polyolefin foam products. The company’s Expandable Plastics segment is engaged in the manufacturing of polypropylene foam, polyethylene foam, and expandable polystyrene. It operates in the domestic as well as international markets including the U.S., Belgium, Singapore, Malaysia, China, and India.

  • DS Smith PLC - DS Smith PLC is involved in the manufacture of paper and packaging products. It operates business through Packaging, Paper, Plastic, and Recycling Segments. The key product offerings include packaging solutions from recycled papers and plastics. The plastic products offered include foam products, injection molded products, and packaging & dispensing solutions. The foam and molded products find applications in acoustics management, thermal insulation, cushioning, and protection in automotive, consumer goods, and specialty packaging industries. The company has its presence in 37 countries. It operates multiple manufacturing & distribution units across Europe. The company manufactures and distributes its products through a well-established network. In addition, it offers fabrication and recycling services for plastic and paper products.

  • Furukawa Electric Co., Ltd. - Furukawa Electric Co., Ltd. is primarily involved in the manufacture of metals, photonics, and polymers. The company operates its business through Telecommunications, Energy, Automobile, Electronic Parts, and Construction product segments. The key product offerings for automobile segment include wire harness, connectors, functional parts & materials, and interior finishing materials. As a part of the interior finishing materials, it offers a range of foam products and foamed light reflective sheets for automobiles. The company offers recyclable and non-cross linked polypropylene foam products for acoustic management and heat insulation in automobiles. It operates multiple manufacturing & distribution units across Asia Pacific, North America, Europe, and Latin America.

  • Hanwha Corporation - Hanwha Corporation is a chemical manufacturing business that operates its business through four major segments, namely Explosives, Defense, Trading, and Machinery. The company is involved in the manufacture & distribution of a wide range of automotive, solar, functional, and electronic materials through Hanwha Chemical. Hanwha Chemical is involved in the manufacture, distribution, and fabrication services for high-performance plastic materials including EPS, EPP, EPE, and others. Hanwha Corporation is a global player with manufacturing bases and distribution centers located in Asia, Europe, the Americas, and Middle East.

  • Sonoco Products Company - Sonoco Products Company is involved in the manufacture of packaging products and solutions for automotive, construction, consumer goods, and food & beverages markets. The key products and service offerings include rigid paper containers, pallets, plastics, material handling, protective packaging, and others. The company offers a wide range of molded foam, foam packaging products, and caters to the packaging needs of automotive, electronics, pharmaceuticals, and furniture markets. The company has its presence in more than 33 countries. The company manufactures and distributes a wide range of protective packaging products through its subsidiary, Sonoco Protective Solutions. The key product offerings include molded foam components and foam packaging coupled with fabrication services such as shape molding, die cut, and wire cut.

  • Knauf Industries - Knauf Industries operates as a subsidiary of the Knauf Group and is involved in the manufacture of high-performance plastics, plastic injection, extrusion & thermoforming, and lost foam conversion, and fabrication services. The key product offerings of the company include Expanded Polystyrene (EPS), Expanded Polypropylene (EPP), and Molded Products. The company, through its product offerings, caters to automotive, packaging, consumer electronics, and components markets. It operates manufacturing, fabrication, and distribution units in multiple locations across Europe, Asia, and Latin America.

  • IZOBLOK - IZOBLOK is involved in the manufacture of EPP foam products for automotive and packaging industries. The key product offerings include EPP foam products and fabrication services. It acquired SSW PearlFoam GmbH, a Germany-based manufacturer and processor of foam plastics, especially EPP. The company, in collaboration with SSW PearlFoam GmbH, focusses on strengthening the distribution channel for EPP foam products and product diversification.

  • Dongshin Industry, Inc. - Dongshin Industry, Inc. is involved in the manufacture and conversion of EPP foam and foam products for automotive marine, automotive, sports & leisure, industrial materials, and packaging solutions. The key product offerings include bumper energy absorbers, sun visor core, side impact door pad, integrated door trim, seat cushion pads, and carpet under floor for automobiles. The company operates its manufacturing and fabrication facilities in Ulsan and Pyeongtaek in South Korea and caters to the demand for foam and related products in domestic markets. 

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Expanded Polypropylene Foam Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Expanded Polypropylene Foam Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation



This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.



We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon