The global demand for Expanded Polypropylene Foam Market is presumed to reach the valuation of nearlyUSD XX MN by 2027 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2020-2027. Whereas with regards to volume, the market was calculated XX Tons in 2021 and foreseen to touch XX Tons by 2027 with a CAGR of XX% during 2021-2027.
Expanded Polypropylene (EPP) is an engineering plastic foam and has been widely used in various applications like packaging, automotive and other end-use industries, owing to its unique combination of material properties such as toughness, thermal insulation, chemical and water resistance, etc. Expanded polypropylene foam (EPP) was developed by JSP Company and is one of the highly produced foamed polymers globally. EPP also has good mechanical properties, and a homogeneous and closed-cell structure due to a stable thermal conductivity, even in moist environments. Thus, EPP can act as a senior heat preservation material. It is a moderately oil-resistant material with good general chemical resistance, and burns in the absence of non-toxic gas release compared to PS foams. It can recover and use, and the degradation performance is better than PS foams and PE foams.
Growing environmental concerns and the growing demand for light weight and fuel efficient cars are the key factors that anticipate the expanded polypropylene (EPP) foam market growth. Many industries such as packaging, aerospace, consumer products and others have an enormous demand for the EPP foam because to its properties such as recyclability and light weight. Rising demand for light weight, recyclable, and shock absorption properties in the packaging application is fuelling the demand for expanded polypropylene foam worldwide. However, volatility in raw material prices is the major restraint in the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of expanded polypropylene foam.
The entire expanded polypropylene foam market has been sub-categorized into product and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End User
- Low Density
- Medium Density
- High Density
- Consumer goods
This section covers regional segmentation which accentuates on current and future demand for expanded polypropylene foam market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Expanded Polypropylene Foam Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the expanded polypropylene foam market include FURUKAWA ELECTRIC CO. LTD., Sonoco Protective Solutions, Hanwha Corporation, DS Smith Plastics, BASF SE, The Woodbridge Group, JSP Corporation, Kaneka Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.