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Polypropylene Foams Market - What are the main factors that contributing towards industry growth?

Author : Rahul Varpe | Published Date : 2019-03-28 

In the regions of Asia Pacific, the demand for polypropylene foams market is quite high particularly in the food packaging industry. This is because of the changing lifestyle and rising population. The consumers are slowly shifting towards ready-to-eat or easy-to-cook food products.

Additionally, there is a higher demand for consumer products packed in smaller quantities due to rise in the number of nuclear families with higher disposable income. This is anticipated to enhance the polypropylene foam market. Furthermore, on account of the rapid growing automobile industry, the regions of Europe and Asia Pacific are likely to be the foremost markets for polypropylene foam.

The central and eastern regions of Europe have observed rising demand for polypropylene foam and are expected to enhance the global market growth of polypropylene in the next 7 years. Also, growing spending of nations on construction in developing economies of India and China are likely to have a positive impact on the regional markets. Northern America and the middle east & Africa are likely to exhibit a modest growth rate.

To access the table of contents or view the Polypropylene Foams Market report in detail, please click the link below: www.gminsights.com/request-toc/upcoming/1264

Polypropylene Foams Market size by the end of the estimated timeframe is anticipated to gain substantially, with a moderate CAGR. The demand for polypropylene foams is increasing rapidly worldwide because of its better performance compared to the other foams in the market. It is a thermoplastic polymer which has high molecular weight and is synthetic.

The polypropylene foam has a rising demand in the emerging markets and is expected to drive the market in the next few years as it is sustainable and eco-friendly. It ideal performance, durability and light weight is helping it gain popularity in the market and also an advantage over the other foams. Furthermore, it is also recyclable and reusable.

For the polypropylene foams market, in the coming years, packaging is anticipated to be an extremely attractive segment. Moreover, polypropylene foams consumption in the automobile sector is projected to rise due to the increasing demand of vehicles of lighter weight which will not only increase the fuel efficiency, but also reduce the carbon emission and costs to an increased extent.

The polypropylene foams market contains two different segmentations viz. (EPP, XPP). The major driver of the future polypropylene foams market is the Expanded Polypropylene foams (EPP). These EPPs have good chemical resistance and good low temperature performance. These types of foams are available in various types such as – porous PP, high density and low density. The demand for these EPP foams are majorly supported by developments in the consumer products industries, HVAC, packaging and automobile.

The prominent players competing in polypropylene foams market are The Woodbridge Group, Hanwha Corporation, Synbra Holding bv, SSW PearlFoam GmbH, Sonoco Products Company, Sekisui Alveo AG, Pregis Corporation, Mitsui Chemicals, Inc., K. K. Nag Ltd., Kaneka Corporation, JSP, Furukawa Electric Co., Ltd., DS Smith Plc, Borealis AG and BASF SE to name some.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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