Global Polypropylene Foams Market, By Product Type (Expanded Polypropylene (EPP) Foams, Extruded Polypropylene (XPP) Foams), Grade (High Density, Medium Density, Low Density), Application (Automotive, Consumer Products, HVAC-R, Lightweight Constructions, Packaging and Logistics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Polypropylene foams market size is valued at USD 1.85 billion by 2028 and is expected to grow at a compound annual growth rate of 5.90% for the forecast period of 2021 to 2028. Data Bridge Market Research report on polypropylene foams market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Polypropylene foam are also known as expanded polypropylene foam and is a highly versatile foam material which provides a wide range of properties such as high resistivity against water and chemicals. Also there is a high demand for polypropylene foams in automotive, packaging and consumer products activates.
The rapidly increasing automotive and packaging industry demand has highly influenced growth of the polypropylene foams market. In line with this, the rapid urbanization as well as the increase in disposable income and rapid change in lifestyle among the consumers are also acting as a key determinant favoring the growth of the polypropylene foams market over the forecast period of 2021 to 2028. Also the rapid surge in the demand for durable foams and recyclable foam and increasing preference for packed and frozen food as well as the high demand of these foams owing to their sustainable and eco-friendly nature are also positively impacting the growth of the polypropylene foams market. The major factor accountable for the growth of the market is the growing preference for these foams because of the exceptional light weight and impressive strength to weight ratio.
However, the high cost of polypropylene foams as well as the fluctuating prices of raw materials and rising environmental awareness issues may act as key restraint towards polypropylene foams market growth rate in the forecast period of 2021 to 2028, whereas the excessive lack of awareness about polypropylene foams have the potential to challenge the growth of the polypropylene foams market in the above mentioned forecast period.
Furthermore, the high demand for high end polypropylene foams in the automotive sector from emerging nations as well as the increasing demand for new products and innovations and the growing need for research and development in polypropylene foams will further offer a variety of growth opportunities for the polypropylene foams market in the above mentioned forecast period.
This polypropylene foams market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses 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, geographical expansions, technological innovations in the market. To gain more info on polypropylene foams market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polypropylene Foams Market Scope and Market Size
Polypropylene foams market is segmented on the basis of product type, grade and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the polypropylene foams market is segmented into expanded polypropylene (EPP) foams and extruded polypropylene (XPP) foams.
- On the basis of grade, the polypropylene foams market is segmented into high density, medium density and low density.
- The application segment for polypropylene foams market is segmented into automotive, consumer products, HVAC-R, lightweight constructions, packaging and logistics and others.
Global Polypropylene Foams Market Country Level Analysis
Polypropylene foams market is analyzed and market size, volume information is provided by country, product type, grade and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the polypropylene foams market because of the rapidly changing lifestyle, increasing population as well as the high demand for consumer products packed due to increase in the number of nuclear families with higher disposable income within this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to increasing spending of nations on construction in emerging economies of India and China within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polypropylene Foams Market Share Analysis
Polypropylene foams market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polypropylene foams market.
The major players covered in the polypropylene foams market report are BASF SE, Dow, DuPont, Kaneka Corporation, Hanwha Advanced Materials America, MITSUI CHEMICALS AMERICA, INC., Borealis AG, FURUKAWA ELECTRIC CO., LTD., Sonoco Products Company, DS Smith, K. K. Nag Ltd., Pregis LLC, Sekisui Alveo, Woodbridge, CLARK FOAM PRODUCTS, JSP, Zotefoams plc, Polyfoam Australia, Williams Foam and BEWiSynbra Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.