Global Expanded Polypropylene Foam Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2019 to 2026, reaching nearly US$ XX Mn.
The global Expanded Polypropylene Foam market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Expanded Polypropylene Foam report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Expanded Polypropylene Foam Market Overview:
Expanded Polypropylene (EPP) Foam is a versatile bead foam that provides services such as energy absorption, impact resistance, thermal insulation, chemical resistance, and 100% recyclability.
Global Expanded Polypropylene Foam Market Dynamics:
Increasing product application scope in various industries attributed to its superior qualities, like durability, chemical & water resistance, thermal insulation, and recyclability and rising investments in manufacturing activities across major economies have resulted in an increased automobile and consumer goods production. These all aforementioned factors are expected to drive the global expanded polypropylene foam market demand during the forecast period.
The growing demand for chemical-resistant and water-resistant materials in the packaging and consumer goods industries is likely to propel product demand during the forecast period.
The price fluctuation associated with this material is expected to affect the final product prices, these factor restraining the market growth to some extent.
Global Expanded Polypropylene Foam Market Segment Analysis:
By Product, the expanded polypropylene foam market is segmented into low-density, medium-density, high-density. The high-density product segment held the highest revenue share of more than 50% in 2020 and is expected to grow at the fastest CAGR during the forecast period. This high growth is thanks to the rapid expansion of the automotive industry in key economies, including Germany, China, India, and South Korea, with high product usage for passenger safety.
By End User, the market is segmented into automotive, packaging, consumer goods, and others. The automotive segment held a 43% market share in terms of revenue, in 2020. Increasing demand for the product for the production of electronics, furniture, toys, and household appliances primarily in developing economies, acts as a key driver for the segment growth.
Global Expanded Polypropylene Foam Market
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Global Expanded Polypropylene
Global Expanded Polypropylene Foam Market Regional Insights:
The Asia Pacific dominated the overall market with a 52% share in terms of revenue, in 2020 thanks to increased product demand in key end-use verticals, like consumer goods and packaging. The rapidly growing automotive industry in the region is expected to drive the product demand during the forecast period.
Japan accounted for a substantial share of the APAC regional market in 2020 and is expected to grow at a steady CAGR during the forecast period mainly thanks to the presence of key players, including JSP Corporation, Kaneka Corporation, and Furukawa Electric Co., with extensive product portfolios and vast geographical reach.
Global Expanded Polypropylene Foam Market Regional Insights
Global Expanded Polypropylene
The objective of the report is to present a comprehensive analysis of the global Expanded Polypropylene Foam market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Expanded Polypropylene Foam market dynamics, structure by analyzing the market segments and project the global Expanded Polypropylene Foam market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the global Expanded Polypropylene Foam market make the report investor’s guide.
Global Expanded Polypropylene Foam Market Scope: Inquire before buying
Global Expanded Polypropylene Foam Market
Global Expanded Polypropylene Foam Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Expanded Polypropylene Foam Market Key Players
• Automa Multi Styrene (Pty) Ltd
• BASF SE
• Chemische Fabrik Budenheim KG
• Clark Foam Products Corporation
• DS Smith PLC
• Hanwha Corporation
• IZOBLOK GmbH
• JSP Corporation
• Kaneka Corporation
• KK Nag Pvt Ltd
• Knauf Industries
• Package Design & Manufacturing Inc.
• Polyfoam Australia Pty Ltd
• Sonoco Products Company
• The Woodbridge Group
• Others
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