Rising demand for lightweight vehicles is expected to drive sales in the expanded polypropylene (EPP) foam market. According to a study by Future Market Insights (FMI), the market is expected to exhibit 6.0% CAGR between 2021 and 2031
Globally, the growth of global expanded polypropylene (EPP) foam market is driven by the increasing demand from automotive and industrial packaging industries. EPP foam is a special kind of foam, which is light weight, highly durable, offers energy or shock absorption, and wear, tear, impact and chemical resistance.
Application of EPP foam is expected to increase across diverse industries as they look for advanced industrial packaging solutions. Of these, the automotive sector is expected to account for nearly half of EPP foam sales over the forecast period.
Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-2600
Key Takeaways from EPP Foam Market Study
- The global EPP foam market is estimated to reach a market value of US$ 2.24 Bn by 2031
- Rising automotive production will enable the U.S. account for nearly 80% of sales in North America
- Increasing construction spending will enable the U.K. market exhibit a solid 5.1% y-o-y growth in 2021
- Construction and industrial recovery will boost sales in Germany and France
- Besides China, Japan and South Korea will emerge as key markets backed by rising industrial application in East Asia
“Despite sluggish growth registered amid pandemic, EPP foam sales are expected to pick up in response to economic recovery across the world. Manufacturers are likely to capitalize on the opportunity by offering quality products and competitive pricing,” said a lead analyst at FMI.
Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-2600
Who is winning?
Key manufacturers in the EPP Foam market such asBASF SE, Schaumaplast GmbH & Co. KG, Hanwha Corporation, Recticel, Furukawa Electric Co., Ltd, Knauf Industries, Paracoat Products Limited, Kaneka Corporation, JSP Corporation, ACH foam Technologies, The Woodbridge Group, SSW Pearl Foam GmbH, Sonoco Products Company, Clark Foam, Bradford Company, Dongshin Industry Inc., DS Smith Plastics, Marko Foam Products, Inc., Eurofoam Group, Dongguan City Prosperous Mass Poly Foam Co.Ltd are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.
To Know More about EPP Foam Market:
A new market research report published by Future Market Insights (FMI) on the global EPP Foam market report offers in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the EPP Foam market through three different segments- grade type, by manufacturing process, by application and region. The EPP Foam report also offers detailed analysis of pricing analysis by different grade type’s demand across various application and patent analysis in the market.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/2600
Expanded Polypropylene (EPP) Foam Market by Category
Grade Type
- Low Density
- High Density
- Porous PP
Application
- Automotive
- Industrial Packaging
- Consumer Products
- Building & constructions
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
