Japan Expanded Polypropylene Foam Market Size & Outlook
Japan expanded polypropylene foam market, 2018-2030 (US$M)
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Japan expanded polypropylene foam market highlights
- The Japan expanded polypropylene foam market generated a revenue of USD 90.0 million in 2022 and is expected to reach USD 214.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 11.5% 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 90.0 million |
| Market revenue in 2030 | USD 214.8 million |
| Growth rate | 11.5% (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, Japan accounted for 9.1% 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 Asia Pacific, China expanded polypropylene foam market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 344.4 million by 2030.
High density was the largest segment with a revenue share of 42.56% in 2022. Horizon Databook has segmented the Japan expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of major players such as JSP Corporation and Kaneka Corporation, which have a wide product portfolio and geographical reach, strengthens the market prospects of EPP foam and molded products in Japan. Medium-density EPP foam products are likely to witness high growth on account of their increasing use in consumer electronics.
Electronics industry in Japan has witnessed rapid growth over the past few years and is expected to further grow on account of the increasing demand for smartphones, tablets, smart gear, and TVs. In addition, the growing demand for corrosion-resistant, water resistant, lightweight, and durable materials in the manufacturing of household appliances for kitchen and laundry applications in Asian markets is expected to drive the market growth of EPP over the forecast period.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan expanded polypropylene foam market size, by product, 2018-2030 (US$M)
Japan Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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