Expanded Polypropylene Market, Growth, Key Developments, Demand, Share & Business Segment Overview to 2030
Research Reports
Mar 25, 2022
Expanded Polypropylene Market Overview
According to the global market trends and the analysis by the business chiefs, the Expanded Polypropylene Market is projected to register a CAGR of over 5.4% to reach over USD 2.1 Billion by the end of 2027.
Expanded Polypropylene, as the sole market produce, can be understood as a closed-cell bead of polypropylene that offers a unique range of properties: excellent energy absorption, good impact resistance, thermal insulation, good water, and chemical resistance, buoyancy, and exceptional toughness and recyclability. Due to its outstanding properties, expanded polypropylene finds a wide range of applications in diverse end-use industries, including automobile, packaging, and consumer goods.
The key factor driving the growth of the expanded polypropylene market is its widespread usage in the automobile industry. The trends are increasing, followed by the rising demands of the sector and its services amongst various customer chunks due to its exceptional properties such as lightweight, high energy absorption, enhanced functionality, toughness, and durability. Moreover, with the growing demand for lightweight and recyclable automotive components, the demand for expanded polypropylene is expected to witness lucrative growth in the coming years, as a part of the forecast period that will be ending in 2027.
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Key Players
The major market players in the market are
- AUTOMA MULTI STYRENE
- BASF SE
- Chemische Fabrik Budenheim KG
- Clark Foam Products Corporation
- DS Smith
- Hanwha Group
- Izoblok
- JSP
- KANEKA CORPORATION
- K. Nag Ltd
- Knauf Industries
- Package Design & Mfg
- Polyfoam Australia Pty Ltd
- Sonoco Products Company
- Woodbridge
Expanded Polypropylene Market Segmentation
The expanded polypropylene market has been segmented based on the following to meet the rising needs of the global target audience:
By Application
- Automobile
- Packaging
- Consumer Goods
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
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Regional Classification
The North American market for Expanded Polypropylene is driven by the expanding automobile and packaging industry in the region. The market in Europe is projected to witness a demand for Expanded Polypropylene due to the growth of the automotive parts manufacturing industry, the presence of established automobile manufacturers, and a key exporter of packaging materials in the region. Significant contributors to the global market growth include Germany, the UK, France, Spain, and others like Russia. The Asian Pacific region is emerging as the fastest-growing regional market on account of the rapid industrialization in the region. The growth potential is in emerging economies such as India, China, Thailand, Indonesia is commendable. The demand for luxury cars in GCC countries and large oil & gas reserves in the region is the key factor driving the demand for Expanded Polypropylene. The Latin American market is projected to witness high demand for Expanded Polypropylene due to the growing automobile industry in Mexico.
Recent Development
The growth of the global expanded polypropylene market is its increasing applications in various sections like air ducts, aerospace, and building & construction, expanding production capacities of polypropylene across the globe. This is propelling, especially in China and Russia, and favorable government policies on the use of environment-friendly and recyclable plastic components.
In the year 2020, one of the leading market players, JSP had announced their product line which is named ARPRO 5134 RE, which contains recycled content with over 25% and they are produced from the recycled expanded polypropylene. Therefore they reduce wastage and landfills.
In the year 2020 one of the leading market players, BASF had introduced their product range that is named Neopolen P 9235 which is capable of exhibiting improved surface properties and color impression with over 20%.
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Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Factor Analysis
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Service Providers Of Expanded Polypropylene
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 End-Use Industries
4.2 Porter’s Five Forces Model
4.2.1 Threat Of New Entrants
4.2.2 Intensity Of Competitive Rivalry
4.2.3 Threat Of Substitutes
4.2.4 Bargaining Power Of Suppliers
4.2.5 Bargaining Power Of Buyers
4.3 Pricing Analysis
5 Market Dynamics Of Global Expanded Polypropylene Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
6 Global Expanded Polypropylene Market, By Density
6.1 Introduction
6.2 Low Density
6.2.1 Market Estimates & Forecast, 2018–2027
6.2.2 Market Estimates & Forecast, By Region, 2018–2027
6.3 High Density
6.3.1 Market Estimates & Forecast, 2018–2027
6.3.2 Market Estimates & Forecast, By Region, 2018–2027
6.4 Porous PP
6.4.1 Market Estimates & Forecast, 2018–2027
6.4.2 Market Estimates & Forecast, By Region, 2018–2027
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