Table of Content

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 REGIONS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 UNIT CONSIDERED 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key industry insights 20
2.1.2.3 Breakdown of primary interviews 20
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 DATA TRIANGULATION 23
2.4 ASSUMPTIONS 25
2.5 LIMITATIONS 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 30
4.1 SIGNIFICANT OPPORTUNITIES IN THE EPP FOAM MARKET 30
4.2 EPP FOAM MARKET, BY TYPE 30
4.3 APAC EPP FOAM MARKET, BY APPLICATION AND COUNTRY, 2019 31
4.4 EPP FOAM MARKET, BY KEY COUNTRIES 31
4.5 EPP FOAM MARKET, DEVELOPED VS. DEVELOPING COUNTRIES 32

5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Recyclable & reusable properties of EPP foam 34
5.2.1.2 Optimum performance and low weight of EPP foam 34
5.2.2 RESTRAINTS 34
5.2.2.1 Higher price of EPP foam over other types of foam 34
5.2.2.2 Volatile raw material prices 34
5.2.3 OPPORTUNITIES 35
5.2.3.1 Growing demand for EPP foam in end-use industries 35
5.2.3.2 Investments in emerging economies 35
5.2.4 CHALLENGES 35
5.2.4.1 Less awareness about EPP foam 35
5.3 PORTER’S FIVE FORCES ANALYSIS 36
5.3.1 INTENSITY OF COMPETITIVE RIVALRY 36
5.3.2 BARGAINING POWER OF BUYERS 37
5.3.3 BARGAINING POWER OF SUPPLIERS 37
5.3.4 THREAT OF SUBSTITUTES 37
5.3.5 THREAT OF NEW ENTRANTS 37
5.4 MACROECONOMIC OVERVIEW AND KEY INDICATORS 38
5.4.1 GLOBAL GDP TRENDS AND FORECASTS 38
5.4.2 TRENDS IN THE PACKAGING INDUSTRY 39
5.4.3 GROWTH INDICATORS IN THE AUTOMOTIVE INDUSTRY 41

6 EPP FOAM MARKET, BY TYPE 43
6.1 INTRODUCTION 44
6.2 LOW DENSITY 45
6.2.1 LOW-DENSITY EPP FOAMS HAVE HIGH DEMAND IN THE PACKAGING INDUSTRY 45
6.3 HIGH DENSITY 46
6.3.1 THESE FOAMS HAVE GOOD STABILITY, HIGH STRENGTH-TO-WEIGHT RATIO, AND LOAD-BEARING STRUCTURAL SUPPORT 46
6.4 POROUS PP 47
6.4.1 THESE FOAMS HELP IN NOISE AND VIBRATION REDUCTION 47

7 EPP FOAM MARKET, BY APPLICATION 48
7.1 INTRODUCTION 49
7.2 AUTOMOTIVE 50
7.2.1 EPP FOAM IS USED WIDELY IN AUTOMOTIVE APPLICATIONS FOR ITS LOW WEIGHT 50
7.3 PACKAGING 51
7.3.1 AFFORDABILITY OF EPP FOAM IS DRIVING THE DEMAND IN PACKAGING APPLICATIONS 51
7.4 CONSUMER PRODUCTS 53
7.4.1 ENERGY ABSORPTION AND ACOUSTIC INSULATION ARE BOOSTING THE DEMAND IN CONSUMER PRODUCTS 53
7.5 OTHERS 54

8 EPP FOAM MARKET, BY REGION 55
8.1 INTRODUCTION 56
8.2 NORTH AMERICA 57
8.2.1 US 61
8.2.1.1 The automotive industry is driving the demand for EPP foam 61
8.2.2 CANADA 62
8.2.2.1 The market is fueled by the demand in packaging applications 62
8.2.3 MEXICO 63
8.2.3.1 The country is attracting investments by key market players 63
8.3 EUROPE 64
8.3.1 GERMANY 68
8.3.1.1 Increased demand from automotive parts manufacturing sector is driving the market 68
8.3.2 FRANCE 69
8.3.2.1 The country is one of the leading exporters of packaging materials globally 69
8.3.3 SPAIN 70
8.3.3.1 The country has the presence of established car manufacturers 70
8.3.4 UK 71
8.3.4.1 Significant investments are made for automotive R&D 71
8.3.5 NETHERLANDS 72
8.3.5.1 The growing automotive sector is likely to boost the demand for EPP foam 72
8.3.6 REST OF EUROPE 73
8.4 APAC 73
8.4.1 CHINA 76
8.4.1.1 Growing industrial and manufacturing activities are resulting in increasing the demand for EPP foam 76
8.4.2 INDIA 77
8.4.2.1 Promising automobile manufacturing growth is expected to drive the demand for EPP foam 77
8.4.3 JAPAN 78
8.4.3.1 The manufacturing industry is projected to experience low growth due to saturated market conditions 78
8.4.4 SOUTH KOREA 79
8.4.4.1 The key automobile manufacturers are headquartered in the country 79
8.4.5 THAILAND 80
8.4.5.1 It is the largest automobile producer among Southeast Asian countries 80
8.4.6 REST OF APAC 80
8.5 SOUTH AMERICA 81
8.5.1 BRAZIL 83
8.5.1.1 The market for EPP foam in Brazil is led by demand from the automotive industry 83
8.5.2 ARGENTINA 84
8.5.2.1 High demand for luxury cars and SUVs is witnessed in the country due to increasing consumer spending 84
8.5.3 REST OF SOUTH AMERICA 84
8.6 MIDDLE EAST & AFRICA 84
8.6.1 SOUTH AFRICA 86
8.6.1.1 The EPP foam market is driven by the presence of various car manufacturers in the country 86
8.6.2 MOROCCO 87
8.6.2.1 Presence of a large number of automobile companies is boosting the market 87
8.6.3 REST OF MIDDLE EAST & AFRICA 87

9 COMPETITIVE LANDSCAPE 88
9.1 INTRODUCTION 88
9.2 COMPETITIVE SCENARIO 89
9.2.1 INVESTMENT & EXPANSION 89

10 COMPANY PROFILES 90
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
10.1 JSP CORPORATION 90
10.2 KANEKA CORPORATION 93
10.3 HANWHA CHEMICAL CORPORATION 96
10.4 BASF SE 99
10.5 FURUKAWA ELECTRIC CO., LTD. 101
10.6 DS SMITH PLC 103
10.7 SONOCO PRODUCTS COMPANY 105
10.8 WOODBRIDGE 107
10.9 AUTOMA MULTI STYRENE 108
10.10 CHEMISCHE FABRIK BUDENHEIM KG 109
10.11 CLARK FOAM PRODUCTS 110
10.12 K. K. NAG LTD. 111
10.13 KNAUF INDUSTRIES 112
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

11 APPENDIX 113
11.1 DISCUSSION GUIDE 113
11.2 KNOWLEDGE STORE 115
11.3 AVAILABLE CUSTOMIZATIONS 117
11.4 RELATED REPORTS 117
11.5 AUTHOR DETAILS 118



List of Figures



FIGURE 1 EPP FOAM MARKET SEGMENTATION 15
FIGURE 2 EPP FOAM MARKET: RESEARCH DESIGN 17
FIGURE 3 EPP FOAM MARKET SIZE ESTIMATION 21
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 22
FIGURE 5 EPP FOAM MARKET: DATA TRIANGULATION 24
FIGURE 6 HIGH-DENSITY EPP FOAM WAS THE LEADING SEGMENT IN 2019 28
FIGURE 7 AUTOMOTIVE WAS THE LEADING APPLICATION OF EPP FOAM IN 2019 28
FIGURE 8 APAC WAS THE LARGEST MARKET FOR EPP FOAM IN 2019 29
FIGURE 9 EPP FOAM MARKET TO WITNESS GROWTH BETWEEN 2020 AND 2025 30
FIGURE 10 POROUS PP TO BE THE FASTEST-GROWING SEGMENT 30
FIGURE 11 AUTOMOTIVE SEGMENT AND CHINA ACCOUNTED FOR THE LARGEST SHARES 31
FIGURE 12 INDIA TO BE A LUCRATIVE MARKET FOR EPP FOAM 31
FIGURE 13 MARKET IN DEVELOPING COUNTRIES TO GROW FASTER THAN
IN DEVELOPED COUNTRIES 32
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
IN THE EPP FOAM MARKET 33
FIGURE 15 PORTER’S FIVE FORCES ANALYSIS: EPP FOAM MARKET 36
FIGURE 16 GLOBAL PACKAGING PRODUCTION OVERVIEW, BY TYPE (2017) 39
FIGURE 17 HIGH DENSITY IS THE MAJOR SEGMENT OF EPP FOAM MARKET 44
FIGURE 18 AUTOMOTIVE IS THE MAJOR APPLICATION SEGMENT OF EPP FOAM MARKET 49
FIGURE 19 INDIA TO BE THE FASTEST-GROWING MARKET 56
FIGURE 20 NORTH AMERICA: EPP FOAM MARKET SNAPSHOT 58
FIGURE 21 EUROPE: EPP FOAM MARKET SNAPSHOT 65
FIGURE 22 APAC: EPP FOAM MARKET SNAPSHOT 74
FIGURE 23 COMPANIES ADOPTED INVESTMENT & EXPANSION AS THE KEY GROWTH STRATEGY BETWEEN 2015 AND 2020 88
FIGURE 24 JSP CORPORATION: COMPANY SNAPSHOT 90
FIGURE 25 JSP: SWOT ANALYSIS 91
FIGURE 26 KANEKA CORPORATION: COMPANY SNAPSHOT 93
FIGURE 27 KANEKA CORPORATION: SWOT ANALYSIS 95
FIGURE 28 HANWHA CHEMICAL CORPORATION: COMPANY SNAPSHOT 96
FIGURE 29 HANWHA: SWOT ANALYSIS 97
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FIGURE 30 BASF: COMPANY SNAPSHOT 99
FIGURE 31 BASF: SWOT ANALYSIS 100
FIGURE 32 FURUKAWA ELECTRIC: COMPANY SNAPSHOT 101
FIGURE 33 FURUKAWA ELECTRIC: SWOT ANALYSIS 102
FIGURE 34 DS SMITH: COMPANY SNAPSHOT 103
FIGURE 35 DS SMITH: SWOT ANALYSIS 104
FIGURE 36 SONOCO PRODUCTS COMPANY: COMPANY SNAPSHOT 105
FIGURE 37 SONOCO PRODUCTS COMPANY: SWOT ANALYSIS 106

 

List of Tables



TABLE 1 EPP FOAM MARKET TO REGISTER HIGH GROWTH BETWEEN 2020 AND 2025 27
TABLE 2 GDP PERCENTAGE CHANGE OF KEY COUNTRIES, 2019–2024 38
TABLE 3 GLOBAL FLEXIBLE PACKAGING PRODUCTION (VOLUME), BY REGION 40
TABLE 4 GLOBAL AUTOMOTIVE PRODUCTION IN KEY COUNTRIES 2017?2018 (MILLION UNITS) 41
TABLE 5 EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 44
TABLE 6 EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (KILOTON) 45
TABLE 7 LOW-DENSITY EPP FOAM MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 45
TABLE 8 LOW-DENSITY EPP FOAM MARKET SIZE, BY REGION, 2018–2025 (KILOTON) 45
TABLE 9 HIGH-DENSITY EPP FOAM MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 46
TABLE 10 HIGH-DENSITY EPP FOAM MARKET SIZE, BY REGION, 2018–2025 (KILOTON) 46
TABLE 11 POROUS PP EPP FOAM MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 47
TABLE 12 POROUS PP EPP FOAM MARKET SIZE, BY REGION, 2018–2025 (KILOTON) 47
TABLE 13 EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 49
TABLE 14 EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 50
TABLE 15 EPP FOAM MARKET SIZE IN AUTOMOTIVE APPLICATION, BY REGION 2018–2025 (USD MILLION) 50
TABLE 16 EPP FOAM MARKET SIZE IN AUTOMOTIVE APPLICATION, BY REGION 2018–2025 (KILOTON) 51
TABLE 17 EPP FOAM MARKET SIZE IN PACKAGING APPLICATION, BY REGION 2018–2025 (USD MILLION) 52
TABLE 18 EPP FOAM MARKET SIZE IN PACKAGING APPLICATION, BY REGION 2018–2025 (KILOTON) 52
TABLE 19 EPP FOAM MARKET SIZE IN CONSUMER PRODUCTS APPLICATION, BY REGION, 2018–2025 (USD MILLION) 53
TABLE 20 EPP FOAM MARKET SIZE IN CONSUMER PRODUCTS APPLICATION, BY REGION, 2018–2025 (KILOTON) 53
TABLE 21 EPP FOAM MARKET SIZE IN OTHER APPLICATIONS, BY REGION 2018–2025 (USD MILLION) 54
TABLE 22 EPP FOAM MARKET SIZE IN OTHER APPLICATIONS, BY REGION 2018–2025 (KILOTON) 54
TABLE 23 EPP FOAM MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 57
TABLE 24 EPP FOAM MARKET SIZE, BY REGION, 2018–2025 (KILOTON) 57
TABLE 25 NORTH AMERICA: EPP FOAM MARKET SIZE, BY COUNTRY 2018–2025 (USD MILLION) 58
TABLE 26 NORTH AMERICA: EPP FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON) 59
TABLE 27 NORTH AMERICA: EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 59
TABLE 28 NORTH AMERICA: EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (KILOTON) 59
TABLE 29 NORTH AMERICA: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 60
TABLE 30 NORTH AMERICA: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (KILOTON) 60
TABLE 31 US: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 61
TABLE 32 US: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 61
TABLE 33 CANADA: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 62
TABLE 34 CANADA: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 62
TABLE 35 MEXICO: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 63
TABLE 36 MEXICO: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 63
TABLE 37 EUROPE: EPP FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 66
TABLE 38 EUROPE: EPP FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON) 66
TABLE 39 EUROPE: EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 66
TABLE 40 EUROPE: EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (KILOTON) 67
TABLE 41 EUROPE: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 67
TABLE 42 EUROPE: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 67
TABLE 43 GERMANY: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 68
TABLE 44 GERMANY: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 68
TABLE 45 FRANCE: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 69
TABLE 46 FRANCE: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 69
TABLE 47 SPAIN: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 70
TABLE 48 SPAIN: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 70
TABLE 49 UK: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 71
TABLE 50 UK: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 71
TABLE 51 NETHERLANDS: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 72
TABLE 52 NETHERLANDS: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (KILOTON) 72
TABLE 53 APAC: EPP FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 74
TABLE 54 APAC: EPP FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON) 75
TABLE 55 APAC: EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 75
TABLE 56 APAC: EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (KILOTON) 75
TABLE 57 APAC: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 75
TABLE 58 APAC: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 76
TABLE 59 CHINA: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 76
TABLE 60 CHINA: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 77
TABLE 61 INDIA: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 77
TABLE 62 INDIA: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 78
TABLE 63 JAPAN: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 78
TABLE 64 JAPAN: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 79
TABLE 65 SOUTH KOREA: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 79
TABLE 66 SOUTH KOREA: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 80
TABLE 67 SOUTH AMERICA: EPP FOAM MARKET SIZE, BY COUNTRY 2018–2025 (USD MILLION) 81
TABLE 68 SOUTH AMERICA: EPP FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON) 81
TABLE 69 SOUTH AMERICA: EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 81
TABLE 70 SOUTH AMERICA: EPP FOAM MARKET SIZE, BY TYPE, 2018–2025 (KILOTON) 82
TABLE 71 SOUTH AMERICA: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 82
TABLE 72 SOUTH AMERICA: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (KILOTON) 82
TABLE 73 BRAZIL: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 83
TABLE 74 BRAZIL: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 83
TABLE 75 MIDDLE EAST & AFRICA: EPP FOAM MARKET SIZE, BY COUNTRY 2018–2025 (USD MILLION) 85
TABLE 76 MIDDLE EAST & AFRICA: EPP FOAM MARKET SIZE, BY COUNTRY 2018–2025 (KILOTON) 85
TABLE 77 MIDDLE EAST & AFRICA: EPP FOAM MARKET SIZE, BY TYPE 2018–2025 (USD MILLION) 85
TABLE 78 MIDDLE EAST & AFRICA: EPP FOAM MARKET SIZE, BY TYPE 2018–2025 (KILOTON) 85
TABLE 79 MIDDLE EAST & AFRICA: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 86
TABLE 80 MIDDLE EAST & AFRICA: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (KILOTON) 86
TABLE 81 SOUTH AFRICA: EPP FOAM MARKET SIZE, BY APPLICATION 2018–2025 (USD MILLION) 87
TABLE 82 SOUTH AFRICA: EPP FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON) 87
TABLE 83 INVESTMENT & EXPANSION, 2015–2020 89