Polypropylene is a thermoplastic polymer which can be readily formed by catalytic polymerization of propylene. In foam form it is used for various applications such as packaging, automobile, construction, electrical and electronics, and medical industries.
Market Analysis and Insights: Global Polypropylene Foams Market
Due to the COVID-19 pandemic, the global Polypropylene Foams market size is estimated to be worth US$ 1014.2 million in 2023 and is forecast to a readjusted size of US$ 1232.3 million by 2030 with a CAGR of 3.3% during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Expanded Polypropylene Foams accounting for % of the Polypropylene Foams global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Automotive segment is altered to an % CAGR throughout this forecast period.
The Asia-Pacific region is expected to witness the highest growth rate in the polypropylene foams market, in terms of value and volume, from 2016 to 2022. In recent years, the demand for automotive and packaging applications has increased in the region due to the increasing population and rising disposable incomes, thus driving the need for polypropylene foams in the region. Polypropylene foams are leading the market as these foams are totally recyclable. With the superior properties, polypropylene foams enable the reduction of CO2 emissions. Due to the outstanding mechanical properties of polypropylene foams, they can be used over and over again for several years, even under extreme climatic conditions. The strong demand for high end polypropylene foams in the automotive sector from emerging nations and recuperating developed nations is expected to drive the growth of this market in the future.
Global Polypropylene Foams Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Polypropylene Foams Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Expanded Polypropylene Foams
Extruded Polypropylene Foams
Segment by Application
Automotive
Packaging
Consumer Products
Others
By Company
JSP
BASF
Kaneka
Hanwha
Mitsui Chemicals
Borealis
Furukawa Electric
Sonoco Products
DS Smith
K. K. NAG
Pregis
Sekisui Alveo
Ssw Pearlfoam
Synbra
Woodbridge
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
