Product Code: ETC4476385 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India expanded polypropylene (EPP) foam market import shipment demonstrated a robust CAGR from 2020-2024. The growth rate between 2023 and 2024 displayed a slight moderation compared to the overall trend, indicating a stable expansion trajectory with strong momentum.
The India EPP foam market is expanding with the rising demand for lightweight, impact-resistant, and insulating materials. EPP foam finds applications in automotive components, packaging, and construction due to its unique properties. As industries seek to reduce weight and improve energy efficiency in their products, EPP foam has gained prominence.
The EPP foam market in India is experiencing growth due to its versatile applications, especially in the automotive and packaging sectors. The lightweight, durable, and energy-absorbing properties of EPP foam make it a preferred choice for automobile components and protective packaging. The rise in automotive manufacturing and e-commerce activities in India is propelling the demand for EPP foam products.
The India expanded polypropylene (EPP) foam market faces challenges in terms of the cost of EPP foam production and the need for consistent quality in foam properties. Meeting the diverse requirements of industries using EPP foam, from automotive to packaging, can be technically demanding. Regulatory compliance, including safety standards, recycling initiatives, and environmental concerns, present ongoing challenges. Intense competition and the need for continuous research and development efforts to create innovative EPP foam products add complexity to the market.
The India Expanded Polypropylene (EPP) Foam Market experienced some fluctuations during the COVID-19 pandemic. The demand for EPP foam, which is widely used in packaging and automotive applications, was affected by disruptions in these sectors. Automotive production and consumer goods manufacturing were temporarily halted due to lockdowns and reduced consumer spending. Nevertheless, the packaging industry, especially for essential products, remained robust, contributing to the EPP foam market`s stability.
Key players in the India expanded polypropylene foam market include JSP Corporation, Kaneka Corporation, BASF, and DS Smith. They provide EPP foam used in automotive, packaging, and consumer goods.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Expanded Polypropylene (EPP) Foam Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume, 2021 & 2031F |
3.3 India Expanded Polypropylene (EPP) Foam Market - Industry Life Cycle |
3.4 India Expanded Polypropylene (EPP) Foam Market - Porter's Five Forces |
3.5 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Expanded Polypropylene (EPP) Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and sustainable packaging solutions |
4.2.2 Growth in automotive and consumer goods industries driving the demand for expanded polypropylene (EPP) foam |
4.2.3 Rising awareness about the benefits of EPP foam in insulation and cushioning applications |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Competition from alternative materials such as expanded polystyrene (EPS) |
4.3.3 Lack of awareness and limited adoption in certain industries |
5 India Expanded Polypropylene (EPP) Foam Market Trends |
6 India Expanded Polypropylene (EPP) Foam Market, By Types |
6.1 India Expanded Polypropylene (EPP) Foam Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Low Density, 2021-2031F |
6.1.4 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By High Density, 2021-2031F |
6.1.5 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Porous PP, 2021-2031F |
6.2 India Expanded Polypropylene (EPP) Foam Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.4 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.2.5 India Expanded Polypropylene (EPP) Foam Market Revenues & Volume, By Others, 2021-2031F |
7 India Expanded Polypropylene (EPP) Foam Market Import-Export Trade Statistics |
7.1 India Expanded Polypropylene (EPP) Foam Market Export to Major Countries |
7.2 India Expanded Polypropylene (EPP) Foam Market Imports from Major Countries |
8 India Expanded Polypropylene (EPP) Foam Market Key Performance Indicators |
8.1 Adoption rate of EPP foam in new industries or applications |
8.2 Investment in RD for developing innovative EPP foam products |
8.3 Percentage increase in demand for eco-friendly packaging solutions |
8.4 Improvement in manufacturing efficiency and cost reduction initiatives |
9 India Expanded Polypropylene (EPP) Foam Market - Opportunity Assessment |
9.1 India Expanded Polypropylene (EPP) Foam Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Expanded Polypropylene (EPP) Foam Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Expanded Polypropylene (EPP) Foam Market - Competitive Landscape |
10.1 India Expanded Polypropylene (EPP) Foam Market Revenue Share, By Companies, 2024 |
10.2 India Expanded Polypropylene (EPP) Foam Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |