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:
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Expanded Polypropylene Foam Market: Due to the enhanced mechanical and chemical qualities provided by EPP foam, the automotive market is the primary end user of this material and its moulded products. The market for EPP foam is anticipated to rise because to the growing preference for thermoplastics over glass and metal in automotive components. The usage of PVC, PE, PU, PP, and acrylic materials for automobile parts such trim components, floor, hood & door panels, and bumper parts is a result of technological advancements in the automotive industry and the increased emphasis on energy efficient, light, and durable materials.
Segmentation:
by Product Type
1. Low-density
2. Medium-density
3. High-density
Industry for Expanded Polypropylene Foam Low-density EPP foam held the biggest market share by product type in 2021 and is anticipated to expand at a CAGR of 5.6% from 2021 to 2029. Due to growing demand for lightweight, non-toxic foam in packaging applications, the low-density expanded polypropylene foam market is anticipated to have significant growth throughout the projected period. Expanded polypropylene foam market growth is anticipated to be positively impacted by rising demand for high-impact resistant packaging solutions for consumer electronics and equipment.
Due to growing manufacturing, building, and transportation activities worldwide, particularly in emerging nations, the packaging business has experienced tremendous expansion during the past few years. increasing significance of specialised packaging options for industrial machinery, electronics.
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
Market for Expanded Polypropylene Foam According to end-use industries, automotive represented for 42.68% of the volume of the expanded polypropylene foam market in 2021, making it the dominant end-use sector. Expanded polypropylene (EPP) foam, which is used in packaging, goes through several stages of development to meet end-user requirements and regulatory standards. A few requirements that plastics need to meet for packaging end uses are increased food product shelf life, greater performance against wear and tear, and durability.
By 2029, packaging end use is anticipated to represent 27.83% of the total volume, increasing its market share throughout the forecast period. Growing demand for plastics in applications such fittings and couplings, industrial tools, food-handling equipment, personal computers (PC), laptops.
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Key Players:
The Market competitive landscape Expanded Polypropylene Foam gives information by competitor. Business overview, financials, revenue produced, Market potential, investment in R&D, new Market efforts, worldwide presence, production sites and facilities, production capacity, company strengths and weaknesses, product launch, product width and breadth, application domination are all mentioned. The data points presented above are only linked to the firms’ concentration on the Expanded Polypropylene Foam sector. These are the main 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)
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Regional Analysis:
The country portion of the Expanded Polypropylene Foam Market study additionally includes individual Market affecting elements and changes in legislation in the Market that affect present and future Market trends. Consumption volumes, production sites and volumes, import export analysis, price trend analysis, raw material costs, and downstream and upstream value chain analysis are some of the primary indicators utilised to anticipate the Market situation for particular nations. While providing forecast analysis of the nation data, the existence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes, are also taken into account.
COVID-19 Impact Analysis on Expanded Polypropylene Foam Market:
A detailed study of Covid-19 impacts the Expanded Polypropylene Foam Market is provided in the report.
The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Expanded Polypropylene Foam Market segments.
Key Questions answered in the Expanded Polypropylene Foam Market Report are:
- At what growth rate is the Expanded Polypropylene Foam Market evolving?
- Who are the major Market giants operating in the global Expanded Polypropylene Foam Market?
- Which application segment of the Expanded Polypropylene Foam Market is observing the fastest growth?
- What is the primary driving factor of the global Expanded Polypropylene Foam Market?
