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:
The market for expanded polypropylene (EPP) foam was estimated at USD 921.5 million in 2019 and is expected to grow at a significant rate during the forecast period on account of increasing application scope of the product in consumer goods and protective packaging industry verticals The medium density segment accounted for a considerable share in 2019 and is expected to witness the highest growth rate of 6.1%, in terms of revenue, over the forecast period owing to increasing application scope in consumer goods and furniture applications
The consumer goods segment is expected to witness the highest revenue-based CAGR of 6.0% during the forecast period, primarily on account of increasing application scope in the rapidly growing consumer goods industry worldwide
The Asia Pacific region dominated the overall market for expanded polypropylene (EPP) foam, in terms of revenue in 2019 and is expected to witness the highest growth rate of 6.7% during the forecast period. This is attributed to high product application scope in the growing automotive, consumer goods, and packaging verticals
The key strategies adopted by the industry players include capacity expansions, mergers and acquisitions, technical collaborations, and distribution agreements
Key players include JSP Corporation; BASF SE; Kaneka Corporation; DS Smith plc; Furukawa Electric Co., Ltd.; Hanwha Corporation; Sonoco Products Company; Knauf Industries; IZOBLOK; Dongshin Industry, Inc.; Clark Foam Products Corporation; Paracoat Products Ltd.; Molan Pino South Africa (PTY) Ltd; PDM Foam; and Armacell International S.A.
Grand View Research has segmented the global expanded polypropylene foam market on the basis of product, end use, and region: Expanded Polypropylene (EPP) Foam Product Outlook (Volume, Tons; Revenue, USD Million, 2016 2027) Low Density
Medium Density
High Density
Expanded Polypropylene (EPP) Foam End-use Outlook (Volume, Tons; Revenue, USD Million, 2016 2027) Automotive
Packaging
Consumer goods
Appliances
Others
Expanded Polypropylene (EPP) Foam Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 2027) North America
Follow Us:
o
U.S.
o
Canada
o
Mexico
Europe o
Germany
o
France
o
U.K.
o
Italy
Asia Pacific o
China
o
India
o
Japan
o
South Korea
Central & South America o
Brazil
Middle East & Africa o
South Africa
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research scope and assumptions 1.3 Information Procurement 1.3.1 Purchased Database 1.3.2 Gvr’s Internal Database 1.3.3 Secondary Sources 1.3.4 Third Party Perspective 1.3.5 Primary Research 1.4 Information Analysis 1.4.1 Data Analysis Models 1.5 Market Formulation and Data Visualization 1.6 Data Validation and Publishing Chapter 2 Executive Summary 2.1 Segment outlook Chapter 3 Expanded Polypropylene (EPP) Foam Market Variables, Trends, and Scope
Follow Us:
3.1 Market segmentation and scope 3.2 Market lineage outlook 3.2.1 Global Polymer Foam Market 3.3 Penetration & growth prospect mapping 3.4 Global expanded polypropylene (EPP) foam industry value chain analysis 3.4.1 Raw Material Trends 3.4.1.1 Polypropylene (PP) 3.4.1.2 Propylene 3.4.1.3 Metallocene 3.4.1.4 Ziegler-Natta 3.4.2 Manufacturing Process 3.5 Technology overview 3.5.1 Injection Molding 3.5.2 Extrusion Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
Follow Us: