Versatile applications across industries coupled with eco-friendly nature of polypropylene will bolster the global expanded polypropylene foam market to cross US$ 1.6 Bn between 2019 and 2029. This is attributed to market factors such as manufacturing sector investments in developed economies, preference of sustainable alternatives over traditional plastic derivatives, and raw material availability. Expanded Polypropylene Foam is used in manufacturing automotive components (bumpers, safety feature), food & beverage packaging, furniture products, and other consumer goods. The expanded polypropylene foam (EPP) market is characterized by presence of small, medium, and large companies where major organizations are developing self-sufficient models of manufacturing EPP foam, from raw materials to the finished product.
The global expanded polypropylene foam market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each expanded polypropylene foam market player in a comprehensive way. Further, the expanded polypropylene foam market report emphasizes the adoption pattern of the expanded polypropylene foam across various industries.
The expanded polypropylene foam market report highlights the following players:
- JSP Corporation
- DS Smith Plc.
- Kaneka Corporation
- Sonoco Products Company
The expanded polypropylene foam market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
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Industrial Applications Guide Future Demand
Surging demand for light-weight, recyclable, and shock absorbent material will drive the expanded polypropylene market towards sustained growth. Automotive, packaging, and consumer products such as furniture, gym accessories are expected to present continuous revenue prospects. The market stands to gain immensely from an increase in production across complimentary industries. Market players are investing in automation and application of EPP foam in unexplored verticals. There is an emerging trend of developing end-to-end production facilities amidst the presence of suppliers, distributors, and fabricators in the competitive landscape. New entrants might face barriers due to this strategy. The global expanded polypropylene foam market is well poised for an upward growth trajectory between 2019 and 2029.