Expanded Polypropylene Foam Market Overview:

The Expanded Polypropylene Foam market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Expanded Polypropylene Foam Market, as well as the reasons for variations in the industry's growth in various locations.

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Market Scope:

Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.

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Segmentation:

by Product Type

1. Low-density
2. Medium-density
3. High-density

Industry for Expanded Polypropylene Foam Low-density EPP foam held the biggest market share by product type in 2021 and is anticipated to expand at a CAGR of 5.6% from 2021 to 2029. Due to growing demand for lightweight, non-toxic foam in packaging applications, the low-density expanded polypropylene foam market is anticipated to have significant growth throughout the projected period. Expanded polypropylene foam market growth is anticipated to be positively impacted by rising demand for high-impact resistant packaging solutions for consumer electronics and equipment.


by Application

1. Bumpers
2. Roof Pillars
3. Seat Bracing
4. Armrests
5. Others

by End-Use Industry

1. Automotive
2. Packaging
3. Consumer Goods
4. Appliances
5. Others

Market for Expanded Polypropylene Foam According to end-use industries, automotive represented for 42.68% of the volume of the expanded polypropylene foam market in 2021, making it the dominant end-use sector. Expanded polypropylene (EPP) foam, which is used in packaging, goes through several stages of development to meet end-user requirements and regulatory standards. A few requirements that plastics need to meet for packaging end uses are increased food product shelf life, greater performance against wear and tear, and durability.

Key Players in the Expanded Polypropylene Foam Market are:

1. Sonoco Products Company (U.S.)
2. Clark Foam Products Corp. (U.S.)
3. SP Corporation (U.S.)
4. Package Design & Manufacturing Inc. (U.S.)
5. Woodbridge Group (Canada)
6. JSP Corp. (Japan)
7. Kaneka Corp. (Japan)
8. Furukawa Electric Co., Ltd. (Japan)
9. Hanwha Corp. (South Korea)
10. Polyfoam Australia Pty Ltd (Australia)
11. BASF SE (Germany)
12. DS Smiths plc (UK)
13. Knauf Industries (France)
14. IZOBLOK (Poland)
15. Armacell International S.A. (Switzerland)
16. Chemische Fabrik Budenheim KG (Germany)
17. Automa Multi Styrene (Pty) Ltd (South Africa)

Regional Analysis:

Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Expanded Polypropylene Foam market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

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COVID-19 Impact Analysis on Expanded Polypropylene Foam Market:

Due to a break in operations, end-user sectors where Expanded Polypropylene Foam are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Expanded Polypropylene Foam manufacturers, affecting the development of the Expanded Polypropylene Foam market in 2020. End-user business demand for Expanded Polypropylene Foam has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Expanded Polypropylene Foam Market Report are:

Which segment had the largest share in the Expanded Polypropylene Foam market in 2021?
What is the competitive landscape of the Expanded Polypropylene Foam market?
Which are the key drivers aiding the Expanded Polypropylene Foam market growth?
Which region has the maximum share in the Expanded Polypropylene Foam market?
What will be the CAGR of the Expanded Polypropylene Foam market during the forecast period (2022-2027)?
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