Asia Pacific Expanded Polyethylene (EPE) Foam Market Size By Form (Coils & Rolls, Sheets & Planks, Customized Shapes), By Product (Laminated, Non Laminated), By Application (Packaging, Insulation, Construction, Automotive), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Asia Pacific Expanded Polyethylene (EPE) Foam Market Size By Form (Coils & Rolls, Sheets & Planks, Customized Shapes), By Product (Laminated, Non Laminated), By Application (Packaging, Insulation, Construction, Automotive), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Asia Pacific Expanded Polyethylene (EPE) Foam Market Size By Form (Coils & Rolls, Sheets & Planks, Customized Shapes), By Product (Laminated, Non Laminated), By Application (Packaging, Insulation, Construction, Automotive), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Asia Pacific Expanded Polyethylene Foam Market Size
Asia Pacific Expanded Polyethylene (EPE) Foam Market size was valued at around USD 939.4 million in 2019 and will showcase a growth rate close to 5% CAGR from the period between 2020 to 2026. Proliferating automotive, construction, and electronic industries across the region have led to rising demand for packaging materials and will boost the market growth over the projected time period.
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Expanded polyethylene (EPE) foam is a closed cell type, non-crossed linked, moulded semi rigid type of polyethylene foam that is used for several applications including packaging, insulation, among others. EPE foam is produced by low-density polyethylene resin, which has good plasticity, resistance to moisture, toughness, and strong anti-collision characteristics.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Asia Pacific Expanded Polyethylene (EPE) Foam Market Size in 2019 | 938.4 Million (USD) |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 5.1% |
| 2026 Value Projection | 1,329.2 Million (USD) |
| Historical Data for | 2016 to 2018 |
| No. of Pages | 121 |
| Tables, Charts & Figures | 127 |
| Segments covered | Form, Product, Application, Country |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Asia Pacific Expanded Polyethylene Foam Market Analysis
The rising e-commerce industry across the globe has provided lucrative opportunities for Asia Pacific expanded polyethylene foam market expansion over the forecast timeframe. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), in 2017, the internet retailing market share of Asia Pacific was around 47.2%. The share already surpassed the combined share of North America & Europe and is expected to further showcase a significant growth rate.
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Cell size and cell size distribution are the essential characteristics that enhance the efficiency and performance of EPE foams. The development of several special additives that enhance such characteristics is important in several crucial applications such as insulation, leisure articles, and noise reduction applications. Additives such as Atmer 7300 contain an anti-static agent that enhances mold release performance along with improvement in cell size distribution of the end products.
Growing automotive industry coupled with presence of several leading automobile manufacturers such as Toyota, Honda, General Motors, Nissan among others in the region will drive the demand for EPE foam over the study timeframe. Additionally, other European automobile players, such as Volkswagen, BMW, and Daimler AG are having their production facilities across the Asia Pacific.
Rising population, increasing purchasing power, and better standards of living create an upsurge in effective mobility and luxurious vehicles. All these will support the Asia Pacific expanded polyethylene (EPE) foam market growth.
Fluctuating crude oil prices are posing major threat to the Asia Pacific expanded polyethylene foam market. The expanded polyethylene foam is manufactured by polyethylene (PE) resin, mainly low-density polyethylene (LDPE). The price of PE resins is volatile in nature as it is directly linked to the international crude oil prices, resulting in high fluctuations. Rising geopolitical disputes coupled with growing oil price war between several countries including Saudi Arabia and Russia are bringing frequent price fluctuations in the market.
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EPE foam coils & rolls are widely used in several applications and accounted for over 40% consumption share in 2019. The availability of a wide range of EPE foam coils & rolls, i.e., in various dimensions and colours, along with easy handing of these forms will increase its usage.
Coils are mainly used in insulation of AC ducting, air handling units, and split AC. Rising urbanization and the growing usage of chillers & cold storage applications in several end-user industries are expected to drive the Asia Pacific expanded polyethylene foam market demand over the forecast timeframe.
Laminated EPE foam products hold around 25% of the volumetric share in the Asia Pacific expanded polyethylene foam market. It will showcase a considerable growth owing improved characteristics of these products such as strength and chemical properties. These products are laminated with several materials depending on the foam applications such as HDPE and aluminum, among others.
Laminated foams are mainly available with foam thickness lower than 10 mm. These products are used in thermal insulation applications and as foam covers for laptops & other electronic equipment.
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The packaging application holds dominance in the Asia Pacific expanded polyethylene (EPE) foam market share owing to the growing e-commerce industry across APAC. This segment will witness prominent gains of over 5.3% CAGR by 2026. EPE foams are widely used in packaging applications owing to excellent weight to strength and shock absorption properties.
EPE foams are sustainable and environment friendly. The rising trends toward the usage of such products to minimize adverse environment impacts coupled with the development of new EPE foam packaging materials are expected to drive the demand for EPE foams in the packaging applications.
China holds dominance in the Asia Pacific expanded polyethylene (EPE) foam market, accounting for over half of volumetric shares owing to the growing packaging and automotive industries in the country. The rising automotive production and proliferating online shopping across the country are expected to drive the regional growth.
China is amongst the major importers of EPE foam from several Asian and North American industry players. However, ongoing trade war with the U.S., and other health issues are affecting the market and are expected to slow the market growth over the next two to three years.
Asia Pacific Expanded Polyethylene Foam Market Share
Industry participants involved in Asia Pacific expanded polyethylene foam market are expanding their production facilities across the Asia Pacific owing to rising demand for advanced EPE foam materials. For instance, in 2018, Supreme Industries Limited expanded its foam production capacity by four kilotons per annum at its Hosur, India Plant to cater to the rising demand from the South Indian market.
Some of the key participants in the industry ecosystem are
- Armacell
- KANEKA CORPORATION
- Sonoco Products Company
- MODERN MATERIAL ENTERPRISES CO., LTD,
- Supreme Industries Limited.
The Asia Pacific Expanded Polyethylene (EPE) Foam market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2016 to 2026, for the following segments
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Market, By Form
- Coils & Rolls
- Sheets & Planks
- Customized Shapes
Market, By Product
- Laminated
- Non laminated
Market, By Application
- Packaging
- Insulation
- Construction
- Automotive
- Others
Market, By Country
- China
- Taiwan
- India
- Japan
- Australia
- Vietnam
- Malaysia
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry Insights and validation
1.1.4 Scope, definitions, & forecast parameters
1.1.4.1 Definitions
1.1.4.2 Forecast parameters & considerations
1.1.5 Data sources
1.1.5.1 Paid sources
1.1.5.2 Secondary
1.1.5.3 Primary
Chapter 2 Executive Summary
2.1 Asia Pacific Expanded Polyethylene (EPE) foam industry 3600 synopsis, 2016 - 2026
2.1.1 Business trends
2.1.2 Form trends
2.1.3 Product trends
2.1.4 Application trends
2.1.5 Country trends
Chapter 3 Asia Pacific Expanded Polyethylene (EPE) Foams Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2016 – 2026
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Manufacturers
3.3.3 Distributors
3.3.4 Profit margin analysis
3.3.5 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Pricing analysis
3.4.1.1 Cost structure analysis
3.4.1.1.1 R&D Cost
3.4.1.1.2 Manufacturing Cost
3.4.1.1.3 Raw Material Cost
3.4.1.1.4 Distribution Cost
3.4.1.1.5 Operating Cost
3.4.1.1.6 Miscellaneous Cost
3.5 Technology Landscape
3.5.1 Enhanced Expanded Polyethylene (EPE) technology
3.5.2 Aromatic EPE foams
3.6 Regulatory landscape
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Growing automotive industry in the Asia Pacific region
3.7.1.2 Rising demand for EPE foam in packaging and insulation applications
3.7.1.3 Growth of the construction industry and rising importance of green buildings
3.7.2 Industry pitfalls & challenges
3.7.2.1 Limited recycling companies and presence of substitutes
3.7.2.2 Fluctuating crude oil prices
3.8 Innovation and sustainability
3.8.1 Future trends
3.8.1.1 Anti-static foams
3.8.1.2 Conductive EPE foams
3.8.2 Patent Analysis
3.9 Growth potential analysis, 2019
3.10 Competitive landscape, 2019
3.10.1 Top player analysis, 2019
3.10.2 Key stakeholders
3.10.3 Strategy dashboard
3.11 Porter's analysis
3.11.1 Threat of new entrants
3.11.2 Threat of substitutes
3.11.3 Industry rivalry
3.11.4 Supplier’s power
3.11.5 Buyer’s power
3.12 PESTEL analysis
Chapter 4 Asia Pacific Expanded Polyethylene (EPE) Foam Market, By Form
4.1 Asia Pacific Expanded Polyethylene (EPE) foam market, form insights
4.2 Coils & Rolls
4.2.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
4.2.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
4.3 Sheets & Planks
4.3.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
4.3.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
4.4 Customized shapes
4.4.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
4.4.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
Chapter 5 Asia Pacific Expanded Polyethylene (EPE) Foam Market, By Product
5.1 Asia Pacific Expanded Polyethylene (EPE) foam market, product insights
5.2 Laminated products
5.2.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
5.2.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
5.3 Non-non-laminated products
5.3.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
5.3.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
Chapter 6 Asia Pacific Expanded Polyethylene (EPE) Foam Market, By Application
6.1 Asia Pacific Expanded Polyethylene (EPE) foam market, application insights
6.2 Packaging
6.2.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
6.2.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
6.3 Insulation
6.3.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
6.3.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
6.4 Construction
6.4.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
6.4.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
6.5 Automotive
6.5.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
6.5.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
6.6 Other applications
6.6.1 Market estimates and forecast, 2016 - 2026, (Kilotons) (USD Million)
6.6.2 Market estimates & forecast, by country, 2016-2026 (Kilotons) (USD Million)
Chapter 7 Asia Pacific Expanded Polyethylene (EPE) Foam Market, By Country
7.1 Asia Pacific Expanded Polyethylene (EPE) foam market, country insights
7.2 China
7.2.1 China EPE foam market estimates & forecast, 2016 - 2026, (Kilotons) (USD Million)
7.2.2 China EPE foam market estimates & forecast, by form, 2016 - 2026, (Kilotons) (USD Million)
7.2.3 China EPE foam market estimates & forecast, by product, 2016 - 2026, (Kilotons) (USD Million)
7.2.4 China EPE foam market estimates & forecast, by application, 2016 - 2026, (Kilotons) (USD Million)
7.3 Taiwan
7.3.1 Taiwan EPE foam market estimates & forecast, 2016 - 2026, (Kilotons) (USD Million)
7.3.2 Taiwan EPE foam market estimates & forecast, by form, 2016 - 2026, (Kilotons) (USD Million)
7.3.3 Taiwan EPE foam market estimates & forecast, by product, 2016 - 2026, (Kilotons) (USD Million)
7.3.4 Taiwan EPE foam market estimates & forecast, by application, 2016 - 2026, (Kilotons) (USD Million)
7.4 India
7.4.1 India EPE foam market estimates & forecast, 2016 - 2026, (Kilotons) (USD Million)
7.4.2 India EPE foam market estimates & forecast, by form, 2016 - 2026, (Kilotons) (USD Million)
7.4.3 India EPE foam market estimates & forecast, by product, 2016 - 2026, (Kilotons) (USD Million)
7.4.4 India EPE foam market estimates & forecast, by application, 2016 - 2026, (Kilotons) (USD Million)
7.5 Japan
7.5.1 Japan EPE foam market estimates & forecast, 2016 - 2026, (Kilotons) (USD Million)
7.5.2 Japan EPE foam market estimates & forecast, by form, 2016 - 2026, (Kilotons) (USD Million)
7.5.3 Japan EPE foam market estimates & forecast, by product, 2016 - 2026, (Kilotons) (USD Million)
7.5.4 Japan EPE foam market estimates & forecast, by application, 2016 - 2026, (Kilotons) (USD Million)
7.6 Australia
7.6.1 Australia EPE foam market estimates & forecast, 2016 - 2026, (Kilotons) (USD Million)
7.6.2 Australia EPE foam market estimates & forecast, by form, 2016 - 2026, (Kilotons) (USD Million)
7.6.3 Australia EPE foam market estimates & forecast, by product, 2016 - 2026, (Kilotons) (USD Million)
7.6.4 Australia EPE foam market estimates & forecast, by application, 2016 - 2026, (Kilotons) (USD Million)
7.7 Vietnam
7.7.1 Vietnam EPE foam market estimates & forecast, 2016 - 2026, (Kilotons) (USD Million)
7.7.2 Vietnam EPE foam market estimates & forecast, by form, 2016 - 2026, (Kilotons) (USD Million)
7.7.3 Vietnam EPE foam market estimates & forecast, by product, 2016 - 2026, (Kilotons) (USD Million)
7.7.4 Vietnam EPE foam market estimates & forecast, by application, 2016 - 2026, (Kilotons) (USD Million)
7.8 Malaysia
7.8.1 Malaysia EPE foam market estimates & forecast, 2016 - 2026, (Kilotons) (USD Million)
7.8.2 Malaysia EPE foam market estimates & forecast, by form, 2016 - 2026, (Kilotons) (USD Million)
7.8.3 Malaysia EPE foam market estimates & forecast, by product, 2016 - 2026, (Kilotons) (USD Million)
7.8.4 Malaysia EPE foam market estimates & forecast, by application, 2016 - 2026, (Kilotons) (USD Million)
Chapter 8 Company Profiles
8.1 Armacell
8.1.1 Business overview
8.1.2 Financial data
8.1.3 Product landscape
8.1.4 Strategic outlook
8.1.5 SWOT analysis
8.2 KANEKA CORPORATION
8.2.1 Business overview
8.2.2 Financial data
8.2.3 Product landscape
8.2.4 Strategic outlook
8.2.5 SWOT analysis
8.3 Sonoco Products Company
8.3.1 Business overview
8.3.2 Financial data
8.3.3 Product landscape
8.3.4 SWOT analysis
8.4 RAHIL FOAM PVT. LTD.
8.4.1 Business overview
8.4.2 Financial data
8.4.3 Product landscape
8.4.4 SWOT analysis
8.5 Modern Material Enterprises Co., Ltd.
8.5.1 Business overview
8.5.2 Financial data
8.5.3 Product landscape
8.5.4 SWOT analysis
8.6 Supreme Industries Limited
8.6.1 Business overview
8.6.2 Financial data
8.6.3 Product landscape
8.6.4 SWOT analysis
8.7 Sing Home Polyfoam (Suzhou) Co., Ltd.
8.7.1 Business overview
8.7.2 Financial data
8.7.3 Product landscape
8.7.4 SWOT analysis
8.8 Kiwi Thermopack
8.8.1 Business overview
8.8.2 Financial data
8.8.3 Product landscape
8.8.4 SWOT analysis
8.9 T.G & Son Corp. LTD.
8.9.1 Business overview
8.9.2 Financial data
8.9.3 Product landscape
8.9.4 SWOT analysis
8.10 Long Future Co., Ltd.
8.10.1 Business overview
8.10.2 Financial data
8.10.3 Product landscape
8.10.4 SWOT analysis