U.S. Expanded Polypropylene Foam Market Size & Outlook
U.S. expanded polypropylene foam market, 2018-2030 (US$M)
Related Markets
U.S. expanded polypropylene foam market highlights
- The U.S. expanded polypropylene foam market generated a revenue of USD 124.1 million in 2022 and is expected to reach USD 298.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 11.6% 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 124.1 million |
| Market revenue in 2030 | USD 298.0 million |
| Growth rate | 11.6% (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, U.S. accounted for 12.6% 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 41.9% in 2022. Horizon Databook has segmented the U.S. 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 shifting focus of the U.S. automotive industry toward electricity-powered and fuel-efficient cars has resulted in numerous innovations and technological advancements, which has given rise to the growing consumer demand for luxury electric cars.
The increasing demand for fuel-efficient cars has resulted in the widespread use of high-performance materials for auto components, which, in turn, has promoted the use of chemically stable EPP foam as opposed to the available substitutes.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. expanded polypropylene foam market size, by product, 2018-2030 (US$M)
U.S. Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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