Expanded Polypropylene Foam Market Research Report

Expanded Polypropylene Foam Market:

Growth opportunities in the Expanded Polypropylene Foam Market look promising over the next six years. This is mainly due to easy availability of raw material required for their production, optimum performance and lighter-weight.

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Expanded Polypropylene Foam Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Some of the major drivers contributing to the growth of the global Expanded Polypropylene (EPP) Foam Market include its reclaimable & recyclable property, lighter weight, and flawless performance. Also, their augmenting demand in enormous applications, such as packaging, furniture, and consumer goods, will further strengthen the market size. In addition, the aggravating usage across various industry verticals led by their exclusive qualities, which include strength, resilience to chemical & water, thermal insulation, and recyclability, is propelling the market growth. The mounting investments in production activities across various emerging nations have raised the production of consumer goods and automobiles. This, in turn, is projected to stimulate the demand for beads and molded products made from this foam, which will supplement the market growth. Moreover, the rising demand for chemical- and water-proof materials in the packaging and consumer goods industries is paving the way for market growth. The easy accessibility of the essential raw material required for the production of EPP foam in developed economies has assisted a huge supply of raw material in the market. However, fluctuations in the price of this material influencing the value of the final product will hinder market growth.

Regional Drivers

Based on the regional coverage, Asia-Pacific is expected to lead the market during the forecast period. China persists to be the largest consumer and producer of EPP foam. The growing demand for plastics and polymers owing to the enlargement of manufacturing units in the country is driving the market growth. The country's automotive industry has been framing for product evolution, emphasizing producing products that focus on the economy's growth with minimum emissions, led by the increasing environmental concerns. China entered the packaging industry lately compared to other countries, which has grown to a large-scale industry over the decades. For instance, ChinaplasOnline.com, a technology-oriented and innovation-driven trade fair proffers brilliant opportunities for the packaging industry in the country. Furthermore, the ongoing enhancement in the living standard of individuals is fuelling their willingness to invest in home interiors. The amplifying purchasing power of the people has supplemented the furniture industry. Thus, all these factors are bolstering the market growth.

Expanded Polypropylene Foam Market’s leading Manufacturers:

· Armacell

· Knauf Gips KG

· Furukawa Electric Co., Ltd.

· DS Smith

· BASF SE

· Izoblok

· Sonoco Products Company

· Hanwha Corp.

· KANEKA CORPORATION

· JSP Corporation

Expanded Polypropylene Foam Market Segmentation:

Segmentation by Type

· Low Density

· High Density

· Porous PP

Segmentation by Application

· Automotive

· Packaging

· Consumer Goods

· Other

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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