Expanded Polypropylene (EPP) foam is a bead foam that is widely used in the automotive and industrial packaging applications. Expanded Polypropylene (EPP) foam have some exclusive properties like it is water and chemical resistance, impact resistance, excellent energy absorption and thermal insulation. EPP foams are widely used in the industrial packaging application and due to its cushioning capability and the flexibility helps to provide excellent security to the complex shapes. EPP foams are available in two different types which depends upon their densities, those types are low density EPP grade and high density EPP grade. Low density EPP grades are used in industrial packaging applications and High density EPP grade foams are used in the passenger safety parts in the automotive application.
Expanded Polypropylene Foam Market: Key Players
The research study includes profiles of leading companies operating in the global expanded polypropylene foam market. Key players profiled in the report include: JSP Corporation, Kaneka Corporation, Hanwha Chemical Corporation, BASF SE, Armacell International S.A., SP Corporation, DS Smith plc, Furukawa Electric Co. Ltd., Sonoco Products Company and PDM Foam.
Drivers for the Global Expanded Polypropylene Foam Market:
Increasing demand for consumer goods, construction, furniture, electronics, toys and household appliances are some of the major factor that boost the growth of the global expanded polypropylene foam market. Along with this, easy availability of propylene, which is used as a key raw material in the manufacturing process of the EPP foam is also one of the factor that is driving the growth of the global expanded polypropylene foam market.
Opportunities for the Global Expanded Polypropylene Foam Market:
The rapidly growing automotive industry and expanded polypropylene (EPP) foam material used in the automotive is one of the major factor that is expected to drive the growth of the global expanded polypropylene foam market in the forecast period. Along with this, increasing diffusion of the product in various industries like consumer goods and packaging also boost the growth of the global expanded polypropylene (EPP) foam market in the forecast period.
Restrains for the Global Expanded Polypropylene Foam Market:
High cost volatility associated with the material used for manufacturing process of EPP foam is one of the major factor that is hampering the growth of the global expanded polypropylene foam market. Along with this, manufacturing process also requires huge investments is also one of the factor that is hampering the growth of the global expanded polypropylene foam market.
Region Wise, Global Expanded Polypropylene Foam Market Analysis:
On the basis of region, the AIOps market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific held the largest share in the market because of increased in product demand for various end-use verticals like consumer goods and packaging, substantial opportunities are available for the EPP foam manufacturers and huge investments in the advanced manufacturing processes and research activities. North America is also having maximum share in EPP foam market followed by European countries market.
Global Expanded Polypropylene Foam Market: Product analysis
- Low Density
- High Density
- Porous PP
Global Expanded Polypropylene Foam Market: Application analysis
- Consumer Products
Global Expanded Polypropylene Foam Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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