Expanded Polypropylene (EPP) Foam Market Analysis, Overview, Growth, Demand and Forecast By 2025

1st November 2018 – ****** Expanded Polypropylene (EPP) Foam Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Expanded Polypropylene (EPP) is highly versatile closed-cell bead foam exclusively used in industrial and automotive packaging. It has excellent outstanding energy absorption property, multiple impact resistance, water and chemical resistance, thermal insulation, and buoyancy.  Prominent factors that are playing a major role in the growth of Expanded Polypropylene (EPP) Foam Market are growing awareness of environmental concerns and rising demand for fuel-efficient and lightweight cars. On the other hand, volatility in raw material prices and the prices of expanded polypropylene foam are the factors restraining overall market growth.

 

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Expanded Polypropylene (EPP) Foam Industry is segmented based on grade types, applications, and region. Grade types such as Low Density Grade, High Density Grade, and Medium Density Grade classify Expanded Polypropylene (EPP) Foam Market. Applications into Building and Construction, Industrial Packaging, Consumer Products, Automotive Parts, and others classify Expanded Polypropylene (EPP) Foam Industry. Expanded Polypropylene (EPP) Foam Market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

 

Globally, Asia Pacific accounts the largest market share of Expanded Polypropylene (EPP) Foam Market in terms of revenue and volume and is estimated to lead the overall market in the upcoming years. The reason being, rising product demand such as packaging and consumer goods. China and India is the major consumer of Expanded Polypropylene (EPP) Foam Industry, as rising production of light weight and premium vehicles. North America and Europe follow suit.

 

The key players of Expanded Polypropylene (EPP) Foam Market Dongshing Industry, JSP Corporation, SSW Pearlfoam GmbH, BASF SE, The Woodbridge Group, Kaneka Corporation, Sonoco Products Company, Furukawa Electric Co. Ltd., Hanwha Corporation, and DS Smith PLC. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

 

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