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US Automotive EPP Foam Market By Product Type (Synthetic Polypropylene , Bio-Based Polypropylene, Other Product Types) By Product Form (Fabricated EPP, Molded EPP) Growth, Future Prospects & Competitive Analysis, 2020 – 2030

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US Automotive EPP Foam Market Overview

The automotive Expanded Polypropylene (EPP) foam market in the United States is witnessing substantial growth. In 2022, the valuation of the global automotive EPP foam market stood at USD 0.45 billion, and it is projected to escalate to USD 0.71 billion by 2030, registering a compound annual growth rate (CAGR) of 6.80%. This remarkable expansion is primarily due to the escalating demand for fuel-efficient, lightweight vehicles, coupled with the inherent non-toxicity and shock-absorbing qualities of EPP foam. These features make it an ideal material for safety-related applications within the automotive sector. The North American region, in particular, has been leading in this market. The anticipated increase in the use of EPP foam is mainly for manufacturing components that enhance passenger safety and contribute to the reduction of noise, vibration, and harshness (NVH) in vehicles. The market is geographically segmented, with North America being a pivotal region. Key drivers of this market include the application of EPP foam in passenger safety and NVH reduction. However, the market faces challenges such as the volatility in the prices of raw materials, which could impede its growth trajectory.

US Automotive EPP Foam Market Drivers and Trends

The United States automotive Expanded Polypropylene (EPP) foam market is being driven by several key factors:

  1. Demand for Fuel-Efficient Lightweight Vehicles: The increasing preference for fuel-efficient and lightweight vehicles significantly contributes to the growth of the EPP foam market. EPP foam is extensively utilized in various vehicle parts and systems, including seating and interior components, due to its lightweight nature.
  2. Environmental Considerations: The rising environmental awareness and the automotive industry’s shift towards sustainable materials are prompting manufacturers to opt for EPP foam, recognized for its non-toxic and shock-proof properties.
  3. Safety Applications: The use of EPP foam in safety applications within the automotive industry is gaining traction due to its exceptional ability to absorb multiple impacts and revert to its original shape, ensuring no deformation.
  4. Industrial Expansion and E-Commerce Growth: Industrial expansion and the growing influence of e-commerce platforms, which have increased the adoption of EPP foam across various sectors, are also supporting the growth of the US market.
  5. Government Promotion of Alternative Materials: Initiatives and promotions by the US government to encourage the use of alternative materials have further propelled the regional market’s expansion.
  6. Growth of the Automotive Sector: The burgeoning automotive sector, particularly with enhanced cushioning in seats and other vehicle components, is increasingly consuming EPP foam.

Overall, the demand for fuel-efficient lightweight vehicles, environmental considerations, safety applications, the expansion of the industrial and e-commerce sectors, and governmental support for alternative materials are all driving significant growth in the US automotive EPP foam market.

US Automotive EPP Foam Market Challenges and Restraint Factors

The US automotive EPP (Expanded Polypropylene) foam market is encountering several challenges that are impeding its growth. One significant issue is the price fluctuations of polypropylene, a key raw material in EPP foam production, affected by supply-demand imbalances, currency variations, and market speculation. Additionally, the scarcity of raw materials poses a critical challenge, potentially impacting the cost of finished products and constraining market expansion. Environmental concerns associated with the production of EPP foam, despite its non-toxic and shock-proof attributes, may also restrict its adoption in the automotive industry. The market is further characterized by intense competition, with major players like JSP, BASF SE, KANEKA CORPORATION, and others vying for dominance. This competitive landscape, combined with the current price volatility of raw materials, is expected to significantly influence the cost of finished products and limit the growth prospects of the EPP foam market.

Opportunities

The United States automotive Expanded Polypropylene (EPP) foam market is poised for growth, buoyed by several promising opportunities:

  1. Increasing Demand for Smart Packaging: The surge in smart packaging solutions, which offer superior insulation properties, coupled with the growing trend of online shopping, is catalyzing market expansion.
  2. Diverse Product Applications: The broad spectrum of applications for EPP foam, particularly within the expanding automotive sector, is driving an upsurge in its sales. The automotive industry alone accounts for a significant share of the EPP foam market.
  3. Revival of Building and Construction Industry: The resurgence of the building and construction industry, integrating new advancements, is expected to significantly transform the EPP foam market landscape.
  4. Variety in Grades and Pricing: The availability of EPP foam in various grades and price points, along with increased industrial investment and accessibility, is anticipated to influence end-user preferences and dominate market trends.
  5. Increased Consumption in Emerging Asian Markets: The heightened economic activities in emerging Asian countries, particularly India and China, are fostering a shift towards alternative, durable, and sustainable materials. This trend is anticipated to lead to higher consumption of EPP foam during the forecast period, further bolstering the market’s growth potential.

Interesting Facts about the US Automotive EPP Foam Market

  • EPP foam is characterized by its closed-cell bead structure, making it highly versatile and suitable for a wide range of applications.
  • One of the primary properties of EPP foam is its exceptional ability to absorb energy. This makes it ideal for applications where shock absorption is crucial, such as in automotive safety components.
  • EPP foam can withstand multiple impacts without significant degradation, ensuring long-term durability and reliability in applications where repetitive stress or impact is common.
  • It offers excellent thermal insulation properties, making it a preferred material in applications requiring temperature control or insulation.
  • The material’s buoyancy makes it suitable for use in water-related applications, while its resistance to chemicals enhances its durability in harsh environments.
  • EPP foam’s high strength-to-weight ratio makes it a lightweight yet strong material, ideal for reducing the overall weight of products without compromising on strength.
  • EPP foam is fully recyclable, aligning with modern sustainability goals and environmental concerns. This aspect is increasingly important in industries aiming to reduce their carbon footprint.
  • The automotive sector employs EPP foam extensively due to its various performance benefits, such as lightweight, functionality, durability, and recyclability.
  • Within the automotive industry, EPP foam is used in numerous components, including seating for comfort and safety, bumpers for impact absorption, stowage systems for space efficiency, side impact protection for enhanced safety, and bumper cores for improved vehicle safety.
  • The foam can be customized to suit different designs and requirements, making it a flexible option for a multitude of applications.
  • Its 100% sustainable nature is particularly appealing in the automotive industry, which is increasingly focused on reducing environmental impact.
  • The automotive sector is currently the largest consumer of EPP foams, primarily due to the material’s properties that align well with automotive manufacturing requirements.
  • The demand for EPP foam has grown significantly as emission laws, particularly in the European Union, have become more stringent. The material’s lightweight nature contributes to lower vehicle emissions, helping manufacturers comply with these regulations.

Competitive Analysis

The top key players in the US automotive EPP foam market include:

The key players in the US automotive EPP foam market, along with competitive analysis, include:

  • JSP Corporation
  • BASF SE
  • Hanwha Corporation
  • Knauf Industries
  • DS Smith Plastics
  • Sekisui Alveo
  • Pregis LLC
  • Sonoco Products Company
  • SABIC
  • The Woodbridge Group
  • Plymouth Foam
  • Bohler-Uddeholm
  • Others

These companies are prominent in the development and production of US automotive EPP foams, and their competitive positioning is reflected in factors such as production, value, price, gross margin, and product portfolio. Their contributions play a significant role in shaping the global US automotive EPP foam market.

Future Outlook

  • The global automotive EPP foam market has shown consistent growth in recent years and is expected to maintain its upward trend.
  • The preference of the automotive sector for EPP foam, owing to its lightweight, energy-absorbing, and durable properties, is a significant growth driver.
  • The rising production of automobiles and consumer goods is expected to bolster the market.
  • The escalating demand for environmentally friendly and sustainable materials is likely to contribute to market growth.
  • The development and growth of various economies are influencing the market positively.
  • The increasing preference for eco-friendly materials is a key factor in market expansion.
  • The US automotive EPP foam market is poised for notable growth in the upcoming years, propelled by the automotive industry’s inclination towards this versatile and sustainable material.

Segmentation

  • By Product Type
    • Synthetic Polypropylene
    • Bio-Based Polypropylene
    • Other product types
  • By Product Form
    • Fabricated EPP
    • Molded EPP
    • Other Product Forms
  • By Sales Channel
    • OEM (Original Equipment Manufacturer)
    • Aftermarket
  • By Region

CHAPTER NO. 1 :

INTRODUCTION 14

1.1. Report Description  14

1.1.1. Purpose of the Report 14

1.1.2. USP & Key Offerings. 14

1.2. Key Benefits for Stakeholders 14

1.3. Target Audience  15

1.4. Report Scope 16

 

CHAPTER NO. 2 :

EXECUTIVE SUMMARY 17

2.1. Automotive EPP Foam Market Snapshot. 17

2.2. U.S. Automotive EPP Foam Market, 2017 – 2022 (Kilo Tons) (USD Million) . 18

2.1. Insights from Primary Respondents. 18

 

CHAPTER NO. 3 :

IMPACT ANALYSIS OF COVID 19 & RUSSIA-UKRAINE WAR ON

AUTOMOTIVE EPP FOAM MARKET . 19

3.1. Impact Assessment of COVID-19 Pandemic, By Region . 19

3.1.1. Supply chain disruptions 19

3.1.2. Demand fluctuations . 19

3.1.3. Shift in product mix . 19

3.1.4. Reduced industrial activity. 19

3.1.5. Temporary disruptions and delays. 19

3.1.6. Shift in focus towards essential services. 19

3.2. Russia-Ukraine War Impacts 20

3.2.1. Uncertainty and economic instability. 20

3.2.2. Supply chain disruptions 20

3.2.3. Regional market shifts . 20

3.2.4. Shift in government priorities 20

 

CHAPTER NO. 4 :

AUTOMOTIVE EPP FOAM MARKET – INDUSTRY ANALYSIS  21

4.1. Introduction 21

4.2. Market Drivers 22

4.2.1. Driving Factor 1 Analysis 22

4.2.2. Driving Factor 2 Analysis 23

4.3. Market Restraints 24

4.3.1. Restraining Factor Analysis 24

4.4. Market Opportunities 25

4.4.1. Market Opportunity Analysis. 25

4.5. Porter’s Five Forces Analysis 26

4.6. Value Chain Analysis 27

4.7. Buying Criteria28

 

CHAPTER NO. 5 :

ANALYSIS COMPETITIVE LANDSCAPE  29

5.1. Company Market Share Analysis – 2022 29

5.1.1. U.S. Automotive EPP Foam Market: Company Market Share, by Volume,

2022 29

5.1.2. U.S. Automotive EPP Foam Market: Company Market Share, by

Revenue2022. 30

5.1.3. U.S. Automotive EPP Foam Market: Top 6 Company Market Share, by

Revenue2022. 30

5.1.4. U.S. Automotive EPP Foam Market: Top 3 Company Market Share, by

Revenue2022. 31

5.1. U.S. Automotive EPP Foam Market Company Volume Market Share, 2022  32

5.2. U.S. Automotive EPP Foam Market Company Revenue Market Share, 2022. 33

5.3. Company Assessment Metrics, 2022 . 34

5.3.1. Stars 34

5.3.2. Emerging Leaders 34

5.3.3. Pervasive Players. 34

5.3.4. Participants. 34

5.4. Strategic Developments 35

5.4.1. Acquisitions & Mergers 35

5.4.2. New Product Launch 35

5.4.3. Regional Expansion 35

5.5. Key Players Product Matrix . 36

 

CHAPTER NO. 6 :

AUTOMOTIVE EPP FOAM MARKET – BY TYPE SEGMENT ANALYSIS 37

6.1. Automotive EPP Foam Market Overview, by Type Segment . 37

6.1.1. Automotive EPP Foam Market Volume Share, By Type, 2022 & 2030. 38

6.1.2. Automotive EPP Foam Market Revenue Share, By Type, 2022 & 2030 . 38

6.1.3. Automotive EPP Foam Market Attractiveness Analysis, By Type. 39

6.1.4. Incremental Revenue Growth Opportunity, by Type, 2023 – 2030 39

6.1.5. Automotive EPP Foam Market Revenue, By Type, 2017, 2022, 2026 &

2030 40

6.2. ICE 41

6.3. EV 42

 

CHAPTER NO. 7 :

AUTOMOTIVE EPP FOAM MARKET – BY DISTRIBUTION CHANNEL

SEGMENT ANALYSIS . 43

7.1. Automotive EPP Foam Market Overview, by Distribution Channel Segment  43

7.1.1. Automotive EPP Foam Market Revenue Share, By Distribution Channel,

2022 & 2030 44

7.1.2. Automotive EPP Foam Market Revenue Share, By Distribution Channel,

2022 & 2030 44

7.1.3. Automotive EPP Foam Market Attractiveness Analysis, By Distribution

Channel . 45

7.1.4. Incremental Revenue Growth Opportunity, by Distribution Channel, 2023 –

2030 45

7.1.5. Automotive EPP Foam Market Revenue, By Distribution Channel, 2017,

2022, 2026 & 2030  46

7.2. OEM’s 47

7.3. Aftermarket 48

 

CHAPTER NO. 8 :

COMPANY PROFILES. 49

8.1. JSP Corporation . 49

8.1.1. Company Overview 49

8.1.2. Product Portfolio . 49

8.1.3. Swot Analysis. 49

8.1.4. Business Strategy. 50

8.1.5. Financial Overview. 50

8.2. BASF SE 51

8.3. Hanwha Corporation . 51

8.4. Knauf Industries 51

8.5. DS Smith Plastics. 51

8.6. Sekisui Alveo 51

8.7. Pregis LLC 51

8.8. Sonoco Products Company  51

8.9. SABIC 51

8.10. The Woodbridge Group. 51

8.11. Plymouth Foam . 51

8.12. Bohler-Uddeholm 51

8.13. Vicell 51

8.14. Borealis AG 51

8.15. Armacell 51

 

CHAPTER NO. 9 :

RESEARCH METHODOLOGY  52

9.1. Research Methodology 52

9.2. Phase I – Secondary Research  53

9.3. Phase II – Data Modeling 53

9.3.1. Company Share Analysis Model . 54

9.3.2. Revenue Based Modeling. 54

9.4. Phase III – Primary Research  55

9.5. Research Limitations. 56

9.5.1. Assumptions 56

 

List of Figures

FIG NO. 1. U.S. Automotive EPP Foam Market Volume & Revenue, 2017 – 2022 (Kilo Tons) (USD Million).18

FIG NO. 2. Porter’s Five Forces Analysis for U.S. Automotive EPP Foam Market26

FIG NO. 3. Value Chain Analysis for U.S. Automotive EPP Foam Market27

FIG NO. 4. Company Share Analysis, 2022 29

FIG NO. 5. Company Share Analysis, 2022 30

FIG NO. 6. Company Share Analysis, 2022 30

FIG NO. 7. Company Share Analysis, 2022 31

FIG NO. 8. Automotive EPP Foam Market – Company Volume Market Share, 2022.32

FIG NO. 9. Automotive EPP Foam Market – Company Revenue Market Share, 2022 33

FIG NO. 10. Automotive EPP Foam Market Volume Share, By Type, 2022 & 2030 38

FIG NO. 11. Automotive EPP Foam Market Revenue Share, By Type, 2022 & 2030.38

FIG NO. 12. Market Attractiveness Analysis, By Type .39

FIG NO. 13. Incremental Revenue Growth Opportunity by Type39

FIG NO. 14. Automotive EPP Foam Market Revenue, By Type, 2017, 2022, 2026 & 2030 .40

FIG NO. 15. U.S. Automotive EPP Foam Market for ICE, Volume & Revenue (Kilo Tons) (USD Million) 2017 – 2030 41

FIG NO. 16. U.S. Automotive EPP Foam Market for EV, Volume & Revenue (Kilo Tons) (USD Million)

2017 – 2030 42

FIG NO. 17. Automotive EPP Foam Market Revenue Share, By Distribution Channel, 2022 & 2030 .44

FIG NO. 18. Automotive EPP Foam Market Revenue Share, By Distribution Channel, 2022 & 2030 .44

FIG NO. 19. Market Attractiveness Analysis, By Distribution Channel45

FIG NO. 20. Incremental Revenue Growth Opportunity by Distribution Channel 45

FIG NO. 21. Automotive EPP Foam Market Revenue, By Distribution Channel, 2017, 2022, 2026 & 2030 .46

FIG NO. 22. U.S. Automotive EPP Foam Market for OEM’s, Volume & Revenue (Kilo Tons) (USD Million) 2017 – 2030 .47

FIG NO. 23. U.S. Automotive EPP Foam Market for Aftermarket, Volume & Revenue (Kilo Tons) (USD Million) 2017 – 2030 .48

FIG NO. 24. Research Methodology – Detailed View52

FIG NO. 25. Research Methodology 53

 

List of Tables

TABLE NO. 1. : U.S. Automotive EPP Foam Market: Snapshot.17

TABLE NO. 2. : Drivers for the Automotive EPP Foam Market: Impact Analysis22

TABLE NO. 3. : Restraints for the Automotive EPP Foam Market: Impact Analysis.24

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