Canada Expanded Polypropylene Foam Market Size & Outlook
Canada expanded polypropylene foam market, 2018-2030 (US$M)
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Canada expanded polypropylene foam market highlights
- The Canada expanded polypropylene foam market generated a revenue of USD 102.1 million in 2022 and is expected to reach USD 239.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.3% from 2023 to 2030.
- In terms of segment, high density was the largest revenue generating product in 2022.
- High Density is the most lucrative product segment registering the fastest growth during the forecast period.
Expanded polypropylene foam market data book summary
| Market revenue in 2022 | USD 102.1 million |
| Market revenue in 2030 | USD 239.9 million |
| Growth rate | 11.3% (CAGR from 2022 to 2030) |
| Largest segment | High density |
| Fastest growing segment | High Density |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| 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, Canada accounted for 10.4% of the global expanded polypropylene foam market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. expanded polypropylene foam market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 298.0 million by 2030.
High density was the largest segment with a revenue share of 41.82% in 2022. Horizon Databook has segmented the Canada expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive industry in Canada is likely to account for a significant demand for EPP foam owing to rising demand for new vehicles, mainly among the aging baby boom population in Canada and the U.S. Moreover, favorable economic conditions are anticipated to continue to support the Canadian motor vehicle manufacturing industry.
However, improving vehicle technology, which aids in extending the average length of vehicle ownership, coupled with easy access to ridesharing & carpooling is anticipated to restrain the demand among the urban millennials. Allard Motor Works, Bombardier Recreational Products, Bombardier, Inc., Canadian Electric Vehicles, Dupont Industries, and Conquest Canada are among the key domestic manufacturers operating in automotive industry in Canada.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada expanded polypropylene foam market size, by product, 2018-2030 (US$M)
Canada Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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