Expanded Polypropylene Foam Market was valued at USD 995.61 Million in 2021, and it is expected to reach USD 1623.14 Million by 2029, exhibiting a CAGR of 6.3 % during the forecast period (2022-2029)
Expanded Polypropylene Foam Market Overview:
A newly released report offers an in-depth analysis of the Expanded Polypropylene Foam Market , providing valuable insights into its market values, scope, and regional dynamics. The research, conducted by a dedicated team, delves into the market’s segmentation, key drivers, restraints, and regional perspectives.
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Expanded Polypropylene Foam Market Report Scope:
The report comprehensively scopes the Expanded Polypropylene Foam Market, utilizing a robust research methodology. Revenue data from major suppliers, coupled with vendor offerings, forms the foundation for market segmentation. The bottom-up technique, incorporating the income of major firms, is employed to estimate the overall market size. This extensive research aims to deliver a detailed understanding of the primary elements influencing the growth of the Expanded Polypropylene Foam Market industry.
Expanded Polypropylene Foam Market Research Methodology:
Expanded polypropylene foam (EPP) is expected to see rapid growth in the consumer goods, packaging, and automotive industries between 2021 and 2029, mostly due to the growing use of foam beads and moulded items. Over the course of the projection period, there is anticipated to be a rise in demand for expanded polypropylene foam due to the automotive sector’s rapid growth. The Expanded Polypropylene Foam industry is anticipated to have new opportunities for expansion as thermoplastics replace glass and metal in automotive components.
Expanded Polypropylene Foam Market Dynamics:
Due to the enhanced mechanical and chemical qualities provided by expanded polypropylene foam (EPP foam), the automotive industry is the largest end user of molded products for a variety of applications. The market for EPP foam is anticipated to be driven by the growing usage of thermoplastics rather than glass and metal in automotive components.
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Expanded Polypropylene Foam Market Segmentation:
by Product Type
1. Low-density
2. Medium-density
3. High-density
by Application
1. Bumpers
2. Roof Pillars
3. Seat Bracing
4. Armrests
5. Others
by End-Use Industry
1. Automotive
2. Packaging
3. Consumer Goods
4. Appliances
5. Others
Expanded Polypropylene Foam Market Key Players:
1. Sonoco Products Company (U.S.)
2. Clark Foam Products Corp. (U.S.)
3. SP Corporation (U.S.)
4. Package Design & Manufacturing Inc. (U.S.)
5. Woodbridge Group (Canada)
6. JSP Corp. (Japan)
7. Kaneka Corp. (Japan)
8. Furukawa Electric Co., Ltd. (Japan)
9. Hanwha Corp. (South Korea)
10. Polyfoam Australia Pty Ltd (Australia)
11. BASF SE (Germany)
12. DS Smiths plc (UK)
13. Knauf Industries (France)
14. IZOBLOK (Poland)
15. Armacell International S.A. (Switzerland)
16. Chemische Fabrik Budenheim KG (Germany)
17. Automa Multi Styrene (Pty) Ltd (South Africa)
Expanded Polypropylene Foam Market Regional Insights:
The research includes an extensive regional analysis, blending primary and secondary research to offer a realistic perspective. Country-level analysis considers regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators. Separate market share data is presented for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, empowering analysts to conduct targeted competitive analysis.
COVID-19 Impact Analysis:
The report doesn’t shy away from addressing the impact of COVID-19 on the Expanded Polypropylene Foam Market. A complete assessment, based on import, suppliers, and market players, unveils the pandemic’s influence and strategies to navigate the challenges.
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Expanded Polypropylene Foam Market Key Questions Answered:
The Expanded Polypropylene Foam Market Report answers pivotal questions, including:
- Which segment dominated the Expanded Polypropylene Foam Market share?
- How was the competitive scenario in 2020?
- What factors fueled the Expanded Polypropylene Foam Market growth?
- Which region held the maximum market share in 2020?
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