Expanded Polypropylene Foam Market Analysis, Size, Growth, Share & Forecast to 2027 | Grand View Research Inc.
“Expanded Polypropylene Foam Market Worth $1.5 Billion By 2027�
The global expanded polypropylene foam market size is expected to reach USD 1.5 billion by 2027, according to a new report by Grand View Research, Inc., registering a revenue-based CAGR of 6.1% over the forecast period. The rapid growth of the automotive industry in recent years has been a major factor driving the market for EPP foam. Further, the increasing application scope of the product in the consumer goods, construction, and packaging industries is expected to have significant impact on the overall market over the coming years. The product witnessed wide application in the automotive industry for the manufacture of floor, door, and hood panels, primarily for noise and thermal insulation in passenger and commercial cars. The considerable growth of the automotive industry in Germany, China, and India is expected to drive product demand over the projected period. The increasing use of molded EPP foam products in protective and flexible packaging applications for numerous verticals, including medical, consumer electronics, food and beverages, household appliances, and industrial equipment, is expected to drive the market for EPP foam over the forecast period.
The consumer goods vertical is expected to witness growth over the coming years, projected at a CAGR of 6.0% during the forecast period, in terms of revenue. The rapidly growing consumer goods industry across major economies of Asia Pacific, Europe, and North America is expected to drive product demand over the forecast years.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/expandedpolypropylene-epp-foam-market Further key findings from the repot suggest:
Follow Us: