|
(MoneyNewsWire.Net, May 30, 2018 ) 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.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-polypropylene-foams-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/9357356
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.
Request free sample @ https://www.researchcosmos.com/request/9357356
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.
Check for discount @ https://www.researchcosmos.com/discount/9357356
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
|
