Market Insight: Expanded Polypropylene Foam Market to Grow at a CAGR of 11% by 2024

Lucintel has announced the launch of a market research report entitled “Growth Opportunities in the Global Expanded Polypropylene Foam Market 2019-2024″.

This market report for expanded polypropylene foam identifies and predicts future opportunities for growth in the expanded polypropylene foam market for various segments and for the various regions of North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for expanded polypropylene foam in automotive, packaging, and consumer goods industries.

According to our market report, the expanded polypropylene foam market is expected to grow with a CAGR of 11% from 2019 to 2024. Some of the dominant players in the expanded polypropylene foam market are JSP Corporation, BASF SE, Kaneka Corporation, Furukawa Electric Co., Ltd., DS Smith PLC, Hanwha Corporation, Sonoco Products Company, The Woodbridge Group, SSW Pearlfoam GmbH, and Dongshing Industry, Inc.

In the expanded polypropylene foam market automotive, packaging, and consumer goods are the major end use industries. The major growth driver for this market is the increasing use of expanded polypropylene foam due to its thermal absorption, excellent energy absorption, and lightweight properties in various industries.

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