[180 Pages Report] The Polypropylene Foams Market is projected to reach USD 1.27 Billion by 2021, at a CAGR of 5.78% from 2016 to 2021. In this study, 2015 has been considered the base year for estimating market size. This report aims to estimate the market size and future growth potential of the polypropylene foams market across different segments such as, type, application, and region. Factors influencing market growth such as, drivers, restraints, opportunities, and industry-specific challenges have been studied in the report. Also, the report analyzes the opportunities in the market for stakeholders and presents the competitive landscape for the market leaders.

Top-down and bottom-up approaches have been used to estimate and validate the size of the global market and estimate the sizes of various other dependent submarkets in the polypropylene foams market. The research study involved the use of extensive secondary sources, directories and databases such as, Hoovers, Bloomberg, Chemical Weekly, Factiva, Related Associations/Institutes, and other government associations. Private & company websites are also used to identify and collect information useful for the technical, market-oriented, and commercial study of the global polypropylene foams market. After arriving at the total market size, the overall market has been split into several segments and subsegments. The figure given below provides a breakdown of primaries conducted during the research study, on the basis of company type, designation, and region.

To know about the assumptions considered for the study, download the pdf brochure

In the polypropylene foams value chain, the design and prototype phase is carried out according to end-user specifications and needs. The specifications and properties change with the change in the application industry. The raw material for polypropylene foams is the base material, propylene. This base material is used to manufacture polypropylene, and polypropylene resin. These resins are used by foam manufacturers such as, BASF SE (Germany), Borealis AG (Austria), DS Smith Plc (U.K.), Furukawa Electric Co., Ltd. (Japan), JSP (Japan), Kaneka Corporation (Japan), K. K. Nag Ltd. (India), Mitsui Chemicals, Inc. (Japan), Pregis Corporation (U.S.), Sekisui Alveo AG (Switzerland), Sonoco Products Company (U.S.), SSW PearlFoam GmbH (Germany), Synbra Holding bv (Netherlands), Hanwha Corporation (South Korea), and The Woodbridge Group (Canada) to manufacture products for end-user industries, such as automotive, packaging, consumer products, and others. The value chain includes the manufacture of polypropylene foams and the delivery of products to end-users.

Key Target Audience:

Manufacturers of polypropylene foams

Raw material suppliers

Molded foam providers

Industry associations

Traders, and distributors of polypropylene foams

Research institutes and government organizations

Market research and consulting firms

Manufacturers in end-use industries, i.e., automotive, packaging, and consumer products, among others

Environment protection agencies

Scope of the Report:

This research report categorizes the global polypropylene foams market on the basis of type, application, and region.

On the basis of Type:

Expanded Polypropylene Foams

Extruded Polypropylene Foams

On the basis of Application:

Automotive

Packaging

Consumer Products

Others

On the basis of Region:

Asia-Pacific

North America

Europe

South America

Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options are available for the report:

Regional Analysis:

Country-level analysis of the polypropylene foams market by application.

Company Information:

Detailed analysis and profiles of additional market players.

The global polypropylene foams market is projected to reach USD 1.27 Billion by 2021, at a CAGR of 5.78% from 2016 to 2021. The growing demand for light weight automotives is leading to an increase in the demand in the polypropylene foams market. Rising demand from end-use industries in the developed and emerging countries has triggered the growth of the polypropylene foams market.

In 2015, the automotive application segment accounted for the largest market share, in terms of volume, followed by the packaging, consumer products, and other applications. The rising demand for new products and innovations, as well as the need for research and development in polypropylene foams has encouraged companies to adopt organic and inorganic strategies and to increase their market shares in the respective regions.

Expanded polypropylene (EPP) foam is currently the leading type of polypropylene foam. However, extruded polypropylene (XPP) foam is the fastest growing type, and is preferred by many major end-use industries for different applications, due to its superior performance characteristics such as, high impact resistance, light weight, water & moisture resistance, and shape retention property.

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 2021. 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.

The polypropylene foams market also has some restraints which restricts the growth of the market. These restraints include, the high price of polypropylene foams, as the overall cost of production for polypropylene foam is high compared to other competitive foams such as expanded polystyrene (EPS) or polyurethane (PU) foam and there is lower awareness about the product. The presence of ample competitive products in the market creates problems for the small volume products. Hence, end-users are faced with different grades and large volumes of the competitive products in the global market.

Companies such as, BASF SE (Germany), Borealis AG (Austria), DS Smith Plc (U.K.), Furukawa Electric Co., Ltd. (Japan), JSP (Japan), Kaneka Corporation (Japan), K. K. Nag Ltd. (India), Mitsui Chemicals, Inc. (Japan), Pregis Corporation (U.S.), Sekisui Alveo AG (Switzerland), Sonoco Products Company (U.S.), SSW PearlFoam GmbH (Germany), Synbra Holding bv (Netherlands), Hanwha Corporation (South Korea), and The Woodbridge Group (Canada) are the key players in the global polypropylene foams market. The diverse product portfolios, strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are some of the factors that strengthen the positions of these companies in the polypropylene foams market. They have been adopting various organic and inorganic growth strategies to further strengthen their positions.

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