Polypropylene Foams Market Gaining Traction from Thriving EPP Demand in Automotive Industry
Increasing usage of polymer foams, especially polypropylene foams in the automobile industry, building materials, packaging materials, and sports equipment has been identified by IndustryARC analysts to project the global polypropylene foams market value to increment at a notable compound annual growth rate (CAGR) of 5.90% during the forecast period of 2019 to 2025. According to the report, the global polypropylene foams market offered opportunities worth $1.02 billion in the year 2018.
The report titled: “Polypropylene Foams Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019-2025).” It offers a complete analysis of the competitive landscape, the market shares of the competitors, market trends, market demands, market drivers, market challenges, and product analysis. These provide the key market participants with the necessary business intelligence and help them to understand the future of the global polypropylene foams market.
Global Polypropylene Foams Market: Demand Analysis
Polypropylene is a thermoplastic polymer, an ideal material for the automotive zone. Thermoplastic foams are the chosen one among numerous polymer foams available. Expanded polypropylene foams and extruded polypropylene foams are the two major foam forms of the polypropylene. Currently, polypropylene resin is the cheapest plastic which is broadly used in the packaging, construction, and automotive industries. Polypropylene foam sheets, and polypropylene foam rolls are widely used in packaging industry.
Global Polypropylene Foams Market: Leading Segments
EPP is gaining traction from automotive manufacturers due to its effective performance aids such as energy management, enhanced functionality, durability, recyclability, improved fuel efficiencies, drop in carbon emissions, and reduction of automobiles weight. Which are predominantly used in applications such as seating, door panels, bumpers, stowage systems, pillars, parcel shelves, floor levelers, tool kits, sun visors, head rests, and myriad filler parts. For this, an automotive application is foreseen to grow at a CAGR of 5.10% during the aforesaid period.
Presently 400[HS1] million tonnes of plastic is produced per year in the world, in which China contributes largest share. Now-a-days, polypropylene is one of the major types of plastics which are popular in use. APAC held a dominating regional share of about 30% in the global polypropylene market as of 2018. This is due to the ascending trend of polypropylene in China. Imports and domestic prices of polypropylene in this country reckoned the stronger future of polypropylene in this region. In 2016 China held as a leading manufacturer of polypropylene with its 20.2 [HS2] million tons of production, which accounts for a share of 27% in the global production of polypropylene.
Global Polypropylene Foams Market: Disruptive Trends
o Emerging as a substitute for polystyrene and polyethylene based thermoplastics foams due to its higher hardness, superior impact strength, chemical resistance and higher service temperature range.
o Widespread of high-density grades EPP in automotive parts and systems along with seating, and even interior passenger safety components as well.
o Major use of EPP in appliance packaging, horticulture, food, construction and consumer products, pharmaceutical, & medical are impacting the growth of the global polypropylene market.
Global Polypropylene Foams Market: Competitive Landscape
BASF SE, Borealis AG, DS Smith PLC., Hanwha Corporation, Pregis Corporation, Kaneka Corporation, Sonoco Products Company, Synbra Holding, JSP, Mitsui Chemicals, and Winconsin Foam Products are the key strategic players which are operating with major market share in the global polypropylene foams market
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A. Extruded Polypropylene (XPP) Foam Market
B. Expanded Polypropylene (EPP) Foam Market
C. Polypropylene (PP) Resin Market
D. Polymer Foam Market
E. Europe Polypropylene Market
F. Polyolefin Foam Market
G. Polymers Market
H. Elastomeric Foam Market
What can you expect from the report?
The polypropylene foams market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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