The EPP foam market is projected to attain a valuation of USD 2.49 billion by the year 2030. This represents an increase from USD 1.93 billion in 2025, with a CAGR of 5.2% over the forecast period from 2025 to 2030. EPP foam is distinguished for its lightweight characteristics combined with superior durability and impact resistance, making it a preferred material choice across various sectors, notably the automotive and aerospace industries, where the requirements for lightweight and resilient materials are critical.
Companies such as Knauf Industries (France), JSP Corporation (Japan), Hanwha Advanced Materials (South Korea), Kaneka Corporation (Japan), and WuXi Hi-Tec Environmental Material Co., Ltd. (China) are categorized as leading players in the global EPP foam market. These companies have employed strategies such as expansions, investments, new product launches, collaborations, agreements, mergers, and acquisitions to meet the increasing demand for EPP foam both regionally and globally.
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Knauf Industries (France)
Knauf Industries stands as a prominent international manufacturer renowned for its expertise in plastic shaping, with a primary emphasis on cellular resins such as EPS, EPP, and circular materials, as well as plastic injection and extrusion-thermoforming processes. Operating across thirty-eight global sites with a workforce exceeding two thousand employees, the company serves as a vital partner to major industrial sectors, including automotive, food, housing, and HVAC. The ID LAB innovation and development center is committed to devising customized solutions that address intricate challenges such as weight reduction, insulation enhancement, and improved product protection.
Knauf Industries offers innovative solutions that facilitate the development of lighter vehicles, enhance food safety, improve insulation performance, and create more advanced industrial components. This mission is underpinned by a firm dedication to a circular economy, exemplified by initiatives such as Knauf Circular®, which ensure the recycling and recovery of waste materials. The company's strategic emphasis on sustainability, combined with its capacity to deliver tailored, high-quality products through cutting-edge technology and expertise, reinforces its reputation as a dependable and progressive industry leader.
JSP (Japan)
JSP is a renowned global manufacturer specializing in polymer-based materials across the Americas, Europe, and Asia. The corporation develops and supplies a diverse range of products, including materials, sheets, and boards, tailored for various industrial and consumer applications. With research, development, and manufacturing facilities strategically located in key industrial centers worldwide, JSP emphasizes safety, efficiency, and sustainability while providing comprehensive support to clients through its extensive global supply and service network.
The company’s ARPRO brand includes a range of expanded polypropylene (EPP) foams supplied worldwide to industries such as automotive, construction, HVAC, civil engineering, and packaging. ARPRO is manufactured in different grades designed for specific uses, like fire retardancy, electrostatic discharge protection, UV resistance, and recycled materials. The brand also offers specialized solutions for lightweighting, impact energy absorption, thermal and acoustic insulation, and environmentally friendly grades with high recycled content.
Market Ranking
The EPP foam market is consolidated, with five major companies—JSP, Kaneka, Knauf, Hanwha Advanced Materials, and Wuxi Hi-Tech—collectively representing approximately 55–60% of the global market. JSP maintains its leadership through advanced manufacturing technologies and a robust international presence, whereas Kaneka capitalizes on its expertise in high-performance polymers. Knauf has expanded its global footprint and product portfolio significantly via the acquisition of BASF’s Neopolen segment, thereby reinforcing its position as a prominent participant in the advanced foam materials sector. Hanwha Advanced Materials continues to augment its presence in the EPP market by providing high-performance, lightweight solutions to global automotive OEMs and emphasizing research and development on next-generation foam technologies. Wuxi Hi-Tech has experienced rapid growth within Asia by offering customizable EPP solutions. The remaining 40–45% of the market is highly fragmented among regional and niche players, fostering innovation in sustainable and specialized foam products.
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EPP Foam Market by Type (Low-density, High-density, Porous PP), Application (Automotive, Packaging, Consumer Products), and Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2030
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