Expanded Polypropylene Foam market Overview:
The Expanded Polypropylene Foam market competitive landscape breaks out information by a rival. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application domination are all contained in the details. The data points presented above are only relevant to the firms’ emphasis on the Expanded Polypropylene Foam market .
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Market Scope:
This Expanded Polypropylene Foam market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansion For more information on the Expanded Polypropylene Foam market , please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Market Dynamics: 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 following are the key players of the Expanded Polypropylene Foam market –
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 region portion of the research also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Data points such as downstream and upstream value chain analysis, technological trends and porter’s five forces analysis, and case studies are only a few of the indicators utilized to anticipate the market scenario for different nations.
COVID-19 Impact Analysis on Expanded Polypropylene Foam market : The report also discusses how COVID-19 affected the Expanded Polypropylene Foam market .
Key Questions Answered in the Expanded Polypropylene Foam market Report are:
- What will be the CAGR of the Expanded Polypropylene Foam market during the forecast period (2022-2029)?
- Which segment emerged as the leading segment in the Expanded Polypropylene Foam market ?
- Which are the prominent players in the Expanded Polypropylene Foam market ?
- What key trends are likely to emerge in the Expanded Polypropylene Foam market in the forecast period?
- What will be the Expanded Polypropylene Foam market size by 2029?
- Which company held the largest share in the Expanded Polypropylene Foam market in 2020?
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