According to a market report by Lucintel, the future of the expanded polypropylene foam market looks promising with opportunities in the automotive, packaging, and consumer goods industries. The expanded polypropylene foam market is expected to grow with a CAGR of 11% from 2019 to 2024. 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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In this market, low density, high density, and porous PP are the major foam type based on different density. Low density is the largest segment.
Within the expanded polypropylene foam market, automotive, packaging, and consumer goods are the major end use industries. Automotive is the largest end use industry for expanded polypropylene foam.
The Asia Pacific region will remain the largest market over the forecast period due to increasing demand from consumer goods and automotive industry.
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. are among the major manufacturers of expanded polypropylene foam.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the expanded polypropylene foam market by density type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Expanded Polypropylene Foam Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the expanded polypropylene foam market by density type, end use industry, and region as follows:
By Density Type [$M shipment analysis for 2013 – 2024]:
Low Density
High Density
Porous PP
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Automotive
Packaging
Consumer Goods
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
Spain
France
United Kingdom
Russia
Asia Pacific
China
Japan
India
South Korea
Thailand
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/expanded-polypropylene-foam-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.