According to recent study titled ‘Asia Pacific Expanded Polyethylene (EPE) Foam Market Size By Form  By Product, By Application Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, Asia Pacific expanded polyethylene (EPE) foam market is projected to record modest growth over 2020-2026.
 

Asia Pacific expanded polyethylene (EPE) foam market is primarily driven by growing utilization of foam for a wide array of applications such as food packaging, insulation, and construction, cites the research report.
 

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For the uninitiated, expanded polyethylene is a closed cell, semi-rigid, and non-cross-linked form of foam that is highly impact absorbent. EPE foam is used for various applications such as foam tube, foam padding, and food sheet. This plastic is eco-friendly and recyclable, has no odor or taste, and is resistant to insects and fungi.
 

Based on form, Asia Pacific expanded polyethylene foam market split into coils & rolls, customized shapes, and sheets & planks. Coils & rolls segment is projected to register 5% CAGR over the forecast period on account of its extensive use in insulation, packaging, and construction applications.
 

Elaborating on product type, Asia Pacific expanded polyethylene foam market is bifurcated into laminated and non-laminated. Among these, the non-laminated segment accounts for significant market share and is set to expand with a CAGR of 3.5% in terms of volume over the analysis timeline.
 

Speaking of the application spectrum, Asia Pacific expanded polyethylene market is categorized into packaging, automotive, insulation, construction, and others. The insulation segment is likely to exhibit a CAGR of 5% over the estimated timeframe. The growth can be attributed to use of EPE in the electronics industry for insulation of devices like split AC and industrial chillers owing to its superior resistance to water, oils, and other chemicals.
 

Considering the regional outlook, Taiwan EPE foam market is estimated to record a CAGR of 4% over the assessment period, attributable to developing industrial sector and growing production capabilities of manufacturers in the region.
 

Major players operating in Asia Pacific expanded polyethylene foam market Supreme Industries Limited, Kaneka Corp., Long Future Co., Limited, Kiwi Thermopack, T.G & Son Corp. Limited, Modern Material Enterprises Co., Limited, Sonoco Products Co., Sing Home Polyfoam (Suzhou) Co., Limited, Armacell, and Rahil Foam Pvt. Limited.