Europe Expanded Polypropylene Foam Market Size & Outlook
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Europe expanded polypropylene foam market highlights
- The Europe expanded polypropylene foam market generated a revenue of USD 169.5 million in 2024.
- The market is expected to grow at a CAGR of 8.8% 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, Germany is expected to register the highest CAGR from 2025 to 2033.
Europe data book summary
| Market revenue in 2024 | USD 169.5 million |
| Market revenue in 2033 | USD 365.3 million |
| Growth rate | 8.8% (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, Europe region accounted for 14.7% 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 46.31% in 2024. Horizon Databook has segmented the Europe expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2021 to 2033.
Europe accounted for the second-largest market share in 2020. The primary reason for the growth in demand for expanded polypropylene foam in this region is the booming automobile industry in Germany and the UK.
The automotive industry, being the key end-use segment for the product, is expected to continue its dominance in Europe as the automotive market in the UK, Spain, Germany, and France is witnessing significant growth.
Germany is expected to witness the fastest growth over the forecast period owing to the presence of automotive giants such as Volkswagen AG, Daimler AG, MAN Trucks, and BMW AG. In addition, the rapidly emerging consumer goods industry in major economies such as Germany, France, Spain, and Russia is expected to propel the demand for expanded polypropylene foam over the analysis 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 |
Europe expanded polypropylene foam market size, by country, 2021-2033 (US$M)
Europe Expanded Polypropylene Foam Market Outlook Share, 2024 & 2033 (US$M)
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