Trusted Business Insights presents the Latest Study on India Expanded Polyethylene (EPE) Foam Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: India Expanded Polyethylene (EPE) Foam Market
The India expanded polyethylene foam market size was estimated at USD 96.4 million in 2016. It is projected to register a CAGR of 4.2% during the forecast period. Rising popularity of EPE foams as good thermal insulation in electronics packaging and insulation sectors is projected to have a positive impact on demand. In addition, the positive outlook for automotive sector in emerging economies particularly, India as a result of new product launches and urban development is expected to promote the penetration of these products in near future.
EPE foam has a wide application due to its properties, such as excellent thermal insulation, resistance to moisture, durability, flexible mechanical features, and ease of transportation. However, due to the lack of recyclability, the product generally ends up in landfills. The growing concern over environmental issues regarding EPE and its disposability is projected to restrain the growth of the market.
Growth of the construction industry is propelled by various policies in emerging markets, such as India and China, as well as the growing implementation of Building Information Modeling (BIM) in European nations, which attempts to combine architecture, construction, and engineering tools to produce more efficient plans and better manage existing and new infrastructure.
Growing importance of green building, which refers to the use of environmentally viable and resource-efficient processes throughout a buildings lifecycle, is likely to boost the demand for EPE foam as an insulating material over the projected period.
EPE is an ideal choice for green building design as it utilizes recycled content and offers high energy efficiency, which are tangible environmental advantages. Most of the goals associated with green building are met by the application of EPE, such as localized manufacturing, which reduces the impact of distant transportation of materials and reduces jobsite waste and labor cost during installation.
Market Segmentation, Outlook & Viewpoint: India Expanded Polyethylene (EPE) Foam Market
Application Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
Key Players, Recent Developments & Regional Insights: India Expanded Polyethylene (EPE) Foam Market
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On the basis of application, the market can be segmented into electronics packaging, mattresses, insulation, construction, automotive, and others. The insulation segment held around 26.1% of the overall India expanded polyethylene (EPE) foam market in terms of revenue in 2016.
Expanded polyethylene foam is extensively used for insulation in air conditioners, cold water pipes, household and commercial refrigerators, industrial chillers, and air handling units. Continuous growth due to commercial and residential construction activities along with rising consumer spending on luxury goods is expected to drive the demand for air conditioning systems in India.
In addition, low ownership rate and rising disposable income is expected to favorably impact market growth. The commercial sector is expected to exhibit high growth in requirement of proper air conditioning systems owing to growing infrastructure spending, as well as demand for educational buildings, retail stores and healthcare which is expected to propel requirement of the product in air conditioning systems manufacturing over the forecast period.
Electronics packaging segment held another largest share in the overall market. Expanded polyethylene foam packaging solutions are designed and manufactured to protect products from magnetic, electrostatic, atmospheric, shock damage, or vibration. The solutions include different packaging types including boxes, liners, materials, storage containers, and spacers.
Vibration dampening, electric insulation, moisture, and weather are some of the factors that impact the product during transportation or storage. Therefore, proper selection of packaging is primarily dependent on the type of product that is packaged and surrounding environmental conditions. All abovementioned will impact the growth in electronics packaging positively over the forecast period.
In terms of region, South India accounted for USD 33.8 million in 2016 in terms of revenue and is anticipated to expand at a CAGR of 4.0% over the forecast period. The region accounted for the largest market share. Tamil Nadu is among the top ten automobile manufacturing hubs globally and has a capacity to produce over 1.4 million cars per year. Automobile manufacturing units of several companies including Ford Motors, BMW, Royal Enfield, Renault, Mitsubishi, and Daimler is situated in Tamil Nadu making it an ideal market for EPE foam in South India.
Indias electronics industry is the most robust in South Indian states. The region has a total of two BrownField EMCs and nine Greenfield EMCs. The construction sector is also expected to witness growth at a good pace in states including Karnataka, Tamil Nadu, Andhra Pradesh, and Telangana because of surge in requirement of household infrastructure. These factors are expected to propel demand regional demand over the forecast period.
The major states driving growth in East India include West Bengal, Bihar, Jharkhand, and Assam. Government of Indias Make in India scheme coupled with initiatives by the regional governments is expected to attract automobile and electronics manufacturers over the forecast period.
India Expanded Polyethylene (EPE) Foam Market Share Insights
The market is a highly competitive with industry players undertaking several activities including mergers, acquisitions, capital expansions, and strategic alliances to reinforce their competitive positions. Established players are concentrating on expanding their share alongside productivity through technological innovation as well.
The market is fragmented in nature owing to the presence of numerous manufacturers. The pricing framework depends on raw material suppliers and manufacturers. The market is marked by a large number of companies in Gujarat and Maharashtra. Mergers and acquisitions and joint ventures are some of the key strategies adopted by the key players to increase market presence.
Government policies favoring growth of the automotive, electronics, and construction industry, coupled with the demand for efficient packaging solutions, will propel the market over the forecast period. Companies cater to extensive fabrication requirements in domestic markets and engage in mergers and acquisitions to address cross-border demand through capacity expansion and product diversification.
The India EPE foams market is dominated by major players, such as Supreme Industries Limited, Raghav Industries Ltd., Royal EPE Foam Private Limited, IRE-TEX Premier India Limited, Suvi International (P) Ltd., Sri Sai Speciality Packagings & SSSP Safety Solution, Orion Pack Art, Laxmi EPE Foam Sheets, Polytec Packins (India) Pvt. Ltd., Rohit Poly Products Private Limited, Superpacks, Rhyno Group, and Goldcoin Foam Pvt. Ltd.
Key Insights Covered: India Expanded Polyethylene (EPE) Foam Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of India Expanded Polyethylene (EPE) Foam industry.
2. major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of India Expanded Polyethylene (EPE) Foam industry.
3. major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of India Expanded Polyethylene (EPE) Foam industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of India Expanded Polyethylene (EPE) Foam industry.
5. market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of India Expanded Polyethylene (EPE) Foam industry.
Research Methodology: India Expanded Polyethylene (EPE) Foam Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Quick Read Table of Contents of this Report @ India Expanded Polyethylene (EPE) Foam Market, Sector / Industry Report & Analysis 2025
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