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Polymers Market - Forecast, 2024-2030
Global Polymers Market
Global Polymers Market size is forecast to reach around $ 997.77 billion by 2030, after growing at a CAGR of 5.4% during 2024-2030. Polymer is one of the widely used chemical products in almost all the sectors such a medical, aerospace, packaging, automotive, construction, electrical appliances, and medical sector, and consequently, the global polymers market is thriving. Polymers are used widely as a substitute of metal and mineral based products due to its high performance, cost-effectiveness, and low weight. Increase in the retail sector and prospering e-commerce industry is demanding for more packaging material that is influencing the significance of the polymers market. The major factors driving the growth of this market are the increasing demand for polymers in various end-use industries, the rising adoption of lightweight and sustainable materials, the technological innovations, and the supportive government policies and initiatives. However, some of the challenges faced by this market are the fluctuations in the raw material prices, the environmental concerns, the competition from alternative materials, and the trade barriers. Furthermore, growing demand for polymer in the electronic industry for the manufacturing of different electrical parts such as switches and sockets are driving the Polymers Market.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞
Report Coverage
The report: “Polymers Market – Forecast (2024-2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Polymers Market.
By Type: Polypropylene, Polyethylene (HDPE, LDPE, LLDPE, and Others), Polyvinyl Chloride, Polystyrene (Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS)), Polyurethane (Flexible Polyurethane Foam, Rigid Polyurethane Foam, Thermoplastic polyurethane (TPU), and Others), and Others.
By Process: Injection Moulding, Extrusion, and Others.
By End-Use Industry: Packaging (Rigid and Flexible), Building and Construction (Roofing, Windows, Flooring, and Others), Automotive (Engine, Tires, Body Panel, and Others), Electrical and Electronics, Agriculture, Medical/Healthcare, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)
Key Takeaways
In the Latin America region, Brazil is the major market for the Polymer owing to a rise in the purchasing power of consumers, growing consumer packaged goods market, and rise in corn, wheat, and sugarcane production and consumption across the country owing to the Bio-based plastic and polymers are gaining prominent growth.
The polymers are observed to be the better substitutes than glass, and metals that is leveraging the polymers market. The increasing demand for specialty polymers are fuelling the growth of the polymers market.
Progression in 3D printing is improving the growth aspects of polymers and plastic manufacturing. The changing preference of consumers from metal 3D printing to plastic material 3D printing is leading to substantial growth in the polymers market.
Fluctuation in international oil prices tend to force companies to search for an alternative stable source of the raw material for packaging, which further provides lucrative opportunities for the growth of Polymer industry.
Evolution of the natural and environment-friendly polymers in the packaging sector for food packaging, cosmetics packaging and pharmaceutical packaging is driving the growth.
Comparatively lower awareness about the biodegradable polymer in emerging nations like India, Thailand, South Africa and Qatar are hampering the market growth.
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Extruded Plastics Market : Technology Advancements, Industry Insights, Trends And Forecast 2033
The extruded plastics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Extruded Plastics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The extruded plastics market size has grown strongly in recent years. It will grow from $232.87 billion in 2023 to $246.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industrialization and manufacturing growth, lightweighting in automotive, construction and infrastructure development, sustainable practices, consumer goods and packaging.
The extruded plastics market size is expected to see strong growth in the next few years. It will grow to $315.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to eco-friendly extruded plastics, electric and autonomous vehicles, infrastructure modernization, medical device manufacturing, advanced extrusion processes. Major trends in the forecast period include high-performance extruded plastics, 3d printing with extruded plastics, smart extruded products, co-extrusion technology, foam extrusion.
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The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers - The rise of the packaging industry is significantly contributing to the growth of the extruded plastics market going forward. Packaging refers to enclosing or protecting products for distribution, storage, sale, and use. Extruded plastics are helpful in creating highly durable and effective packaging solutions. As a result, the rise of the packaging industry increases the demand for the extruded plastics market. For instance, in 2021, according to the India Brand Equity Foundation, an Indian government export promotion agency, packaging demand and consumption in India increased by 200%, which increased from 4.3 kgs per person per annum (PPPA) to 8.6 kgs PPPA. Therefore, the rise of the packaging industry is driving the growth of the extruded plastics market.
The extruded plastics market covered in this report is segmented –
1) By Type: Low Density Polyethylene, High Density Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Other Types 2) By Form: Films, Pipes, Sheets, Tubes, Wires and Cables 3) By End-User: Packaging, Building and Construction, Automotive, Consumer Goods, Electrical and Electronics, Other End Users
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Regional Insights - Asia-Pacific was the largest region in the extruded plastics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the extruded plastics market during the forecast period. The regions covered in the extruded plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies - Major companies operating in the extruded plastics market include Apogee Enterprises Inc., Olsen Doors and Windows Limited, Fletcher Building Limited, YKK AP Inc., Bradnam's Windows & Doors, Fenesta Building Systems, PGT Innovations Inc., Geeta Aluminium Co. Pvt. Ltd., Ply Gem Holdings Inc., Andersen Corporation, Sapa Group, Alupure, Alteza Healthcare Private Limited, Reynaers Aluminium, Schuco International Group, Bemis Company Inc., LyondellBasell Industries N.V., Trex Company Inc., Teijin Limited, Borealis AG, Westlake Corporation, NOVA Chemicals Corporation, Mitsubishi Chemical Group Corporation, Plastipak Holdings Inc., Sigma Plastics Group of FL, Bunzl Extrusions Inc., Avient Corporation, The Ensinger Group, REHAU Polymers Pvt Ltd, Primex Plastics Private Limited
Table of Contents 1. Executive Summary 2. Extruded Plastics Market Report Structure 3. Extruded Plastics Market Trends And Strategies 4. Extruded Plastics Market – Macro Economic Scenario 5. Extruded Plastics Market Size And Growth ….. 27. Extruded Plastics Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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Extruded Polypropylene Foam Market Shows Strong Growth with Leading Players | Borealis AG, DS Smith, Sonoco Products Company, Mitsui Chemicals Inc., JSP, Pregis Corporation.
Extruded Polypropylene Foam Market are light in weight, high melting point, can be recycle and is environment friendly. Polypropylene is a saturated polymer which is referred as CnH2n available in both fibre and plastic. They are used in packaging, transportation, building and construction.
The Global Extruded Polypropylene Foam Market accounted for USD 654.64 million in 2016 and is projected to grow at a CAGR of 6.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Competitive Analysis: Global Extruded Polypropylene Foam Market
Few of the major competitors currently working in Global Extruded Polypropylene Foam Market are BASF SE, Borealis AG, DS Smith, Sonoco Products Company, Mitsui Chemicals Inc., JSP, Pregis Corporation, NMC SA, Sekisui Voltek, LLC, Zotefoams PLC, Kaneka, TORAY INDUSTRIES, INC., W.R Grace& Co. Conn., Trexel Inc., Tongxiang Bofan Decorative Material Co.,Ltd. and Braskem among others.
Key Pointers Covered in the Global Extruded Polypropylene Foam Market Trends and Forecast to 2026
Global Extruded Polypropylene Foam Market New Sales Volumes
Global Extruded Polypropylene Foam Market Replacement Sales Volumes
Global Extruded Polypropylene Foam Market Installed Base
Global Extruded Polypropylene Foam Market By Brands
Global Extruded Polypropylene Foam Market Size
Global Extruded Polypropylene Foam Market Procedure Volumes
Global Extruded Polypropylene Foam Market Product Price Analysis
Global Extruded Polypropylene Foam Market Healthcare Outcomes
Global Extruded Polypropylene Foam Market Cost of Care Analysis
Global Extruded Polypropylene Foam Market Regulatory Framework and Changes
Global Extruded Polypropylene Foam Market Prices and Reimbursement Analysis
Global Extruded Polypropylene Foam Market Shares in Different Regions
Recent Developments for Global Extruded Polypropylene Foam Market Competitors
Global Extruded Polypropylene Foam Market Upcoming Applications
Global Extruded Polypropylene Foam Market Innovators Study
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Market Segmentation: Global Extruded Polypropylene Foam Market
Market Segmentation: Global Extruded Polypropylene Foam Market
On the basis of type, the global extruded polypropylene foam market is segmented into low density and high density.
On the basis of end use, the global extruded polypropylene foam market is segmented into packaging, transportation, building and construction.
On the basis of geography, the global extruded polypropylene foam market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Major Market Drivers: Global Extruded Polypropylene Foam Market
Increasing usage in the automobile and packaging industry due to light weighted
Environment friendly and can be recycle
Market Restraint
High cost of extruded propylene foam
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Key insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key Market players involved in this industry
Detailed analysis of the Market Segmentation
Competitive analysis of the key players involved
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Marine Composites Market
Bio-Based Polyamide (PA) Market
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Extruded polypropylene foam market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to grow at a CAGR of 7.1% in the above-mentioned forecast period. Extruded polypropylene foam is lightweight, high melting point, recyclable and environmentally friendly. Polypropylene is a saturated polymer referred to as CnH2n which is available in both fibre and plastic.
#Extruded Polypropylene Foam Market#Extruded Polypropylene Foam Market share#Extruded Polypropylene Foam Market size#Extruded Polypropylene Foam Market trends#Extruded Polypropylene Foam Market news#Extruded Polypropylene Foam Market report
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Polypropylene Foams Market to Witness an Outstanding Growth by 2022 – 2028
Stratview Research has published a new report on the Polypropylene Foams Market after a thorough analysis of the market. The key sources of information gathered for the report include various industry experts, suppliers, manufacturers, associations along with business distributions. The research report determines unique benefits of the various market size, share and the patent industry.
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The objective of the Polypropylene Foams Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Polypropylene Foams Market.
Market Insights – The Polypropylene Foams Marketis projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Polypropylene Foams Market are-
BASF SE
Kaneka Corporation
Hanwha Corporation
Mitsui Chemicals, Inc.
Borealis AG
Furukawa Electric Co., Ltd.
Sonoco Products Company
DS Smith PLC.
K. K. NAG Ltd.
Pregis Corporation
Growth drivers and Market Value:
This report, from Stratview Research, studies the Polypropylene Foams Market value and growth drivers over the trend period of 2022-27. According to the report -
Polypropylene foams market is likely to witness an impressive CAGR of 7.2% during the forecast period. The rising demand for lightweight automobiles is the prime factor that is bolstering the growth of the global polypropylene foams market. Further, the growing claim from various end-use industries in the industrialized and emerging economies has prompted the evolution of the polypropylene foams market.
Segment Analysis:
Based on Type:
Based on the type, the market is segmented as expanded polypropylene (EPP) foams, extruded polypropylene (XPP) foams, and type (Density Basis). Expanded polypropylene (EPP) foam is presently governing the market. However, extruded polypropylene (XPP) foam is estimated to be the fastest-growing segment during the forecast period, and is chosen by several key end-use industries for various applications, owing to its premium performance properties, such as lightweight, elevated impact resistance, water & moisture confrontation, and shape withholding property.
Based on Region:
In terms of regions, Asia-Pacific is estimated to depict the maximum growth in the polypropylene foams market, in terms of value and volume, during the forecast period. In current years, the claim from packaging applications and automotive sectors has grown in the region, owing to rising population and increasing disposable income, which in turn, is driving the polypropylene foams market in the region. Polypropylene foams are dominating the market as they are absolutely recyclable. With their remarkable characteristics, polypropylene foams qualify for CO2 emissions reduction. Driven by their superior mechanical properties, polypropylene foams can be employed time and again for many years, even under severe environmental circumstances. The robust call for high-end polypropylene foams in automotive industries from developing countries and convalescing developed nations is anticipated to bolster the growth of this market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.
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Critical Questions Answered in the Report
What are the key trends in the global Polypropylene Foams Market?
How the Polypropylene Foams Market (and its various sub-segments) has grown in the last five years?
What would be the growth driver and growth rate in next five years?
What is the impact of COVID-19 on the Polypropylene Foams Market?
What are the key strategies adopted by the major vendors to lead in the Polypropylene Foams Market?
What is the market share of the key players?
Target Audience
The following is a list of the customers that the Polypropylene Foams Market aims to convert the most:
Manufacturing Organizations
Distributors & Suppliers
Potential Investors
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, or to cover analysis on any particular geography or segment, please send your inquiry at [email protected] or +1-313-307-4176.
What we do –Stratview Research is a growing market research firm. Experts here illustrate innovative, descriptive, and comprehensive insights through market research to satisfy your individual and organizational objectives. We assist the users to make well-informed, profound and favourable decisions to comprehend the advantages of forthcoming trends, developments, assessments, and opportunities through our precise understanding of the market.
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Global Polypropylene Foams Market Study, 2015-2030
Analysis of the POLYPROPYLENE FOAMS MARKET
A comprehensive market study on the POLYPROPYLENE FOAMS MARKET Market provides an overview of the demand-supply and consumption patterns of Polypropylene Foams Market across six different regions. This market study describes the Polypropylene Foams Market Market, with focus on major countries and their subsequent demand for different segments. This report on the global Polypropylene Foams Market market offers a complete overview of various factors impacting positively or negatively on the overall growth of the Keyword market.
Distinct market estimations and forecasts are presented in this comprehensive Polypropylene Foams Market market study. Various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, magazine articles, world economic outlook, and databases have been referred to identify and collect information useful for this extensive commercial study of Polypropylene Foams Market. Moreover, both micro-economic and macro-economic factors have been considered to arrive at growth rate and size estimation in the short and long-term forecast. Prismane Consulting supplements this with primary research. The primary sources are experts from related industries and suppliers. For market forecast, and production / plant operating rates, we assume numerous reasons that drive production including new production capacity is brought on-stream, Planned, and unplanned outages of existing capacities and Subdued demand from end-use applications.
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The current COVID-19 pandemic is causing high and rising human costs worldwide. Isolation, nationwide lockdowns, and widespread closures to stop the spread of the virus have severely impacted the economy. As a result, the global economy declined by an around of -3.5% in 2020, much worse and below the 2008-2009 subprime mortgage crisis. The global economy has grown between 5% and 6% in 2021 and 2022 due to the normalization brought in the regional economic activities on back of the fading COVID-19 pandemic and stability in the crude oil prices. The economic activities have been aided by the new policies surrounding financial, agricultural, industrial, and manufacturing sector. The report on Polypropylene Foams Market Market studies and outlines the impact of COVID-19 and presents the forecasts for the short, mid and long-term. The report also covers Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, End-use Industry / Applications Market, Reasoning & Analysis, Insightful Commentary, Market Review, Comparative Analysis, Latest Trends and market developments, Key players, Strategic Issues and Recommendations, Business Opportunity Assessment and much more.
Global Polypropylene Foams Demand Analysis By Type, By Application,
(Volume, Value) (2015–2030)
Strategic Issues
Demand Analysis and Forecast (2015 – 2030)
Demand
Demand Growth Rate (%)
Driving Force Analysis
Global Polypropylene Foam Market, By Type
Expanded Polypropylene (EPP) Foams
Extruded Polypropylene (XPP) Foams
Global Polypropylene Foam Market, By Application
Packaging
Automotive
Consumer Products
Others
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Real-world industry, consulting, and market research experience
Average work experience of 10+ years
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Prismane Consulting is a unique global boutique consulting firm with an Indian origin. We present ourselves to the world outside providing management, economic and technical expertise to improve customer engagement, boost operational efficiency, reduce costs, and achieve superior business results. Prismane Consulting serves leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We have been advising clients on their key strategic issues solving their toughest and most critical business problems. To know more write to us on [email protected]
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Polymers Market - Forecast, 2024-2030
Global Polymers Market
Global Polymers Market size is forecast to reach around $ 997.77 billion by 2030, after growing at a CAGR of 5.4% during 2024-2030. Polymer is one of the widely used chemical products in almost all the sectors such a medical, aerospace, packaging, automotive, construction, electrical appliances, and medical sector, and consequently, the global polymers market is thriving. Polymers are used widely as a substitute of metal and mineral based products due to its high performance, cost-effectiveness, and low weight. Increase in the retail sector and prospering e-commerce industry is demanding for more packaging material that is influencing the significance of the polymers market. The major factors driving the growth of this market are the increasing demand for polymers in various end-use industries, the rising adoption of lightweight and sustainable materials, the technological innovations, and the supportive government policies and initiatives. However, some of the challenges faced by this market are the fluctuations in the raw material prices, the environmental concerns, the competition from alternative materials, and the trade barriers. Furthermore, growing demand for polymer in the electronic industry for the manufacturing of different electrical parts such as switches and sockets are driving the Polymers Market.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞
Report Coverage
The report: “Polymers Market – Forecast (2024-2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Polymers Market.
By Type: Polypropylene, Polyethylene (HDPE, LDPE, LLDPE, and Others), Polyvinyl Chloride, Polystyrene (Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS)), Polyurethane (Flexible Polyurethane Foam, Rigid Polyurethane Foam, Thermoplastic polyurethane (TPU), and Others), and Others.
By Process: Injection Moulding, Extrusion, and Others.
By End-Use Industry: Packaging (Rigid and Flexible), Building and Construction (Roofing, Windows, Flooring, and Others), Automotive (Engine, Tires, Body Panel, and Others), Electrical and Electronics, Agriculture, Medical/Healthcare, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)
Key Takeaways
In the Latin America region, Brazil is the major market for the Polymer owing to a rise in the purchasing power of consumers, growing consumer packaged goods market, and rise in corn, wheat, and sugarcane production and consumption across the country owing to the Bio-based plastic and polymers are gaining prominent growth.
The polymers are observed to be the better substitutes than glass, and metals that is leveraging the polymers market. The increasing demand for specialty polymers are fuelling the growth of the polymers market.
Progression in 3D printing is improving the growth aspects of polymers and plastic manufacturing. The changing preference of consumers from metal 3D printing to plastic material 3D printing is leading to substantial growth in the polymers market.
Fluctuation in international oil prices tend to force companies to search for an alternative stable source of the raw material for packaging, which further provides lucrative opportunities for the growth of Polymer industry.
Evolution of the natural and environment-friendly polymers in the packaging sector for food packaging, cosmetics packaging and pharmaceutical packaging is driving the growth.
Comparatively lower awareness about the biodegradable polymer in emerging nations like India, Thailand, South Africa and Qatar are hampering the market growth.
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Polypropylene Foam Market Sales, Ex-factory Price, Revenue, Gross Margin Analysis Report Till 2022
Polypropylene foam also called as polypropene, is an industrial plastic substance with advanced physical and chemical properties such as structural strength, acoustical properties energy absorption, and thermal insulation. Polypropylene foams are utilized in a broad range of functions such as high performance plastic, textiles and reused containers of many kinds, automotive components, laboratory equipment & polymers bank notes. It is a thermoplastic polymer which can be willingly formed by catalytic polymerization in the form of foam it is utilized for many applications such as an automobile, packaging, construction, and electrical and electronics, medical industries. The polypropylene foam is expected to witness a huge growth over the forecast period and this shift is expected to grow over the forecast period. Increasing requirement from China’s packaging market and growing requirement for small weight vehicles are accepted to be the main drivers for the polypropylene foam market over the forecast period
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Additionally increasing the requirement for biodegradable products coupled with outstanding quality, energy absorbing, durability, and innovative methods is expected to increase the polypropylene foam industry over the forecast period. Moreover, instability of raw material costs and growing awareness concerning environmental concerns may obstruct the growth for polypropylene foam market. The shift towards budding bio-based polypropylene is expected to open the new opportunity for this market. Polypropylene is a general kind of thermoplastic polymer. It has many applications across diverse industries including stationary, textile and packaging. Polypropylene foam is admired owing to its high quality, lightweight, and resilient nature.
Increasing applications of this foam is expected to contribute to the huge growth in the global polypropylene foams industry over the forecast period. Moreover, superior physical properties such as quality, outstanding energy absorbing property, and durability, is expected to propel the demand of polypropylene foam market in increasing end-user industries such as food & beverages packaging and automobiles. A surge in the requirement for durable foams, requirement for recyclable foams, and the upcoming innovative techniques & upcoming safety regulations for the utilization of these foams is expected to be the one of the most influencing reasons for the worldwide market with the augmented emphasis on diverse types and their prospective applications.
Some of the other key drivers of the market are growing pressure for dirt-free water and air, stringent government regulations, and the need for recovering the standard of manufacturing and processing end-products. Recyclability is an increasing issue which could drive the market. The polypropylene foam is expected to witness a huge growth over the forecast period and this shift is expected to grow over the forecast period. Increasing requirement from China’s packaging market and growing requirement for small weight vehicles are accepted to be the main drivers for the polypropylene foam market over the forecast period.
On the basis of chemical structure and composition, the market can be segregated into Extruded polypropylene and expended polypropylene. The demand for both the categories is expected to increase over the forecast period owing to their increasing demand over the forecast period. On the basis of end-user industries, the market can be segregated into textile, automotive, consumer products, and packaging & labelling. Automotives section is expected to capture maximum share over the forecast period owing to extensive utilization of this foam due to its recyclability and high quality.
On the basis of the geographical region, the market can be segregated into Asia Pacific, Europe, North America and Rest of the World. Asia Pacific is expected to capture maximum revenue over the forecast period owing to the fact that many developing and developed countries in this area are becoming automobile manufacturing hub and thus increasing the consumption of these foams in Asia Pacific. Europe and North America comes from Asia Pacific. In both the region, the growth of this market is expected to be fuelled by latest innovations & technological advancements coupled with stringent government regulations. The Asia Pacific section is expected to rule this industry with its increasing demand for polypropylene foams in various applications, particularly the packaging and automotive segments. The Asia pacific and European market are expected to show an increasing growth over the forecast period with the associated industries accepted to soothe the whole business need in the particular regions
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Some of the key players in the market are BASF S.E., K. K. Nag Ltd., Sekisui Alveo, Ssw Pearlfoam Gmbh, Jsp Corporation, Mitsui Chemicals, Ds Smith Plc, Furukawa Electric, Zotefoams Plc., Synbra, Sonoco Products Co., NMC Group, Armacell, Huntsman, Moulded Foams, Proseat, SSI Schaefer, Zotefoams, Storopack Group and PMPF. The worldwide markets for polypropylene foam are significantly piercing their end-use market. They have diverse traits as per their application and manufacturing requirement in the end goods. R&D is the main part of this industry. The associations, manufacturing companies, and end-product manufacturers inculcate high investments for prospective advancements and technology alterations of polypropylene foams to compete the new requirements coming from many end-user industries. Polypropylene foams are leading among all the competitive foams accessible, in terms of revenue, consumption articulated by its best possible cost to performance factor. The market is expected to be innovation driven over the forecast period.
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Emerging Trends in Extruded Polypropylene (XPP) Foam Market
The XPP foam market is projected to grow from USD 751.0 million in 2018 to USD 1,048.8 million by 2023, at a CAGR of 6.9% between 2018 and 2023. APAC is estimated to be the largest consumer of XPP foam in 2018. The demand for XPP foam is mainly driven by its properties such as recyclability and eco-friendliness in comparison to other competitive foams, such as PU and PE, and high functional characteristics such as high stiffness, chemical resistance, heat stability, impact resistance, light weight, and good sound insulation. The market has high growth potential in APAC, the Middle East & Africa, and South America, as the demand for XPP foams from the automotive industry is expected to increase rapidly in these regions during the forecast period.
Some of the major players in the XPP foam market include Borealis (Austria), Mitsui Chemicals (Japan), BASF (Germany), Sekisui Voltek (US), Sonoco Products (US), DS Smith Plc (UK), NMC SA (Belgium), Pregis LLC (US), and Zotefoams Plc (UK). Investment & expansion is the key strategy adopted by the market players to achieve growth in the XPP foam market. This strategy accounted for the largest share of all the strategies adopted by the market players to expand their global presence and increase their share in the XPP foam market between 2015 and 2018.
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For instance, Toray Industries has acquired a plot measuring about 350,000 m2 at Andhra Pradesh, India, for its local subsidiary Toray Industries (India) Private Limited. The company has decided to establish a new base for its polypropylene (PP) spunbond for hygiene materials, whose market is expected to expand along with the increasing demand for disposable diapers.
The new facility will have an annual production capacity of about 18,000 tons and is scheduled to start operations in April 2020. The expansion will help cater to the growing demand from manufacturing industries such as automotive, home electric appliances, chemicals, pharmaceuticals, and construction machinery. Beside investment & expansion, the companies adopted merger & acquisition, new product launch, and partnership & collaboration to expand their market share and distribution network. These strategies also accounted for a significant share in the total number of growth strategies adopted by the players in the global XPP foam market between 2015 and 2018.
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Based on type, the low-density type segment is estimated to account for the largest share of the XPP foam market in 2018. The low-density XPP foam market growth is driven by the increasing demand from automotive, protective packaging, and insulation applications. The automotive industry dominates the consumption of low-density XPP foam. The use of low-density XPP foam in automotive applications helps in impact protection and weight reduction of vehicles.
Based on end-use industry, the automotive segment is estimated to account for the largest share of the XPP foam market in 2018. XPP foam is highly demanded in automotive and packaging end-use industries. The automotive end-use industry dominates the overall XPP foam market. XPP foam is widely used in bumpers, floor acoustic barriers, sun visors, side door panels as energy absorbers, headliners, and so on. It is becoming a preferred choice in the automotive end-use industry as it offers high impact strength while enabling weight reduction to increase the fuel efficiency.
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#Extruded Polypropylene (XPP) Foam Market#Extruded Polypropylene Foam Market#Extruded Polypropylene (XPP) Foam#XPP Foam Market#XPP Foam#Foam#Extruded Polypropylene Foam Manufacture#XPP Foam Industry#foam industry
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Polypropylene Foam Market Key Players, Industry Overview, Supply and Consumption Demand Analysis to 2022
24th February 2021 – Polypropylene foam also called as polypropene, is an industrial plastic substance with advanced physical and chemical properties such as structural strength, acoustical properties energy absorption, and thermal insulation. Polypropylene foams are utilized in a broad range of functions such as high performance plastic, textiles and reused containers of many kinds, automotive components, laboratory equipment & polymers bank notes. It is a thermoplastic polymer which can be willingly formed by catalytic polymerization in the form of foam it is utilized for many applications such as an automobile, packaging, construction, and electrical and electronics, medical industries. The polypropylene foam is expected to witness a huge growth over the forecast period and this shift is expected to grow over the forecast period. Increasing requirement from China’s packaging market and growing requirement for small weight vehicles are accepted to be the main drivers for the polypropylene foam market over the forecast period
Additionally increasing the requirement for biodegradable products coupled with outstanding quality, energy absorbing, durability, and innovative methods is expected to increase the polypropylene foam industry over the forecast period. Moreover, instability of raw material costs and growing awareness concerning environmental concerns may obstruct the growth for polypropylene foam market. The shift towards budding bio-based polypropylene is expected to open the new opportunity for this market. Polypropylene is a general kind of thermoplastic polymer. It has many applications across diverse industries including stationary, textile and packaging. Polypropylene foam is admired owing to its high quality, lightweight, and resilient nature.
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Increasing applications of this foam is expected to contribute to the huge growth in the global polypropylene foams industry over the forecast period. Moreover, superior physical properties such as quality, outstanding energy absorbing property, and durability, is expected to propel the demand of polypropylene foam market in increasing end-user industries such as food & beverages packaging and automobiles. A surge in the requirement for durable foams, requirement for recyclable foams, and the upcoming innovative techniques & upcoming safety regulations for the utilization of these foams is expected to be the one of the most influencing reasons for the worldwide market with the augmented emphasis on diverse types and their prospective applications.
Some of the other key drivers of the market are growing pressure for dirt-free water and air, stringent government regulations, and the need for recovering the standard of manufacturing and processing end-products. Recyclability is an increasing issue which could drive the market. The polypropylene foam is expected to witness a huge growth over the forecast period and this shift is expected to grow over the forecast period. Increasing requirement from China’s packaging market and growing requirement for small weight vehicles are accepted to be the main drivers for the polypropylene foam market over the forecast period.
On the basis of chemical structure and composition, the market can be segregated into Extruded polypropylene and expended polypropylene. The demand for both the categories is expected to increase over the forecast period owing to their increasing demand over the forecast period. On the basis of end-user industries, the market can be segregated into textile, automotive, consumer products, and packaging & labeling. Automotive section is expected to capture maximum share over the forecast period owing to extensive utilization of this foam due to its recyclability and high quality.
On the basis of the geographical region, the market can be segregated into Asia Pacific, Europe, North America and Rest of the World. Asia Pacific is expected to capture maximum revenue over the forecast period owing to the fact that many developing and developed countries in this area are becoming automobile manufacturing hub and thus increasing the consumption of these foams in Asia Pacific. Europe and North America comes from Asia Pacific. In both the region, the growth of this market is expected to be fuelled by latest innovations & technological advancements coupled with stringent government regulations. The Asia Pacific section is expected to rule this industry with its increasing demand for polypropylene foams in various applications, particularly the packaging and automotive segments. The Asia pacific and European market are expected to show an increasing growth over the forecast period with the associated industries accepted to soothe the whole business need in the particular regions.
Some of the key players in the market are BASF S.E., K. K. Nag Ltd., Sekisui Alveo, Ssw Pearlfoam Gmbh, Jsp Corporation, Mitsui Chemicals, Ds Smith Plc, Furukawa Electric, Zotefoams Plc., Synbra, Sonoco Products Co., NMC Group, Armacell, Huntsman, Moulded Foams, Proseat, SSI Schaefer, Zotefoams, Storopack Group and PMPF. The worldwide markets for polypropylene foam are significantly piercing their end-use market. They have diverse traits as per their application and manufacturing requirement in the end goods. R&D is the main part of this industry. The associations, manufacturing companies, and end-product manufacturers inculcate high investments for prospective advancements and technology alterations of polypropylene foams to compete the new requirements coming from many end-user industries. Polypropylene foams are leading among all the competitive foams accessible, in terms of revenue, consumption articulated by its best possible cost to performance factor. The market is expected to be innovation driven over the forecast period.
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Polypropylene Foam Plastics Market Key Trends and Opportunities | 2020-2025
A new professional report Global Polypropylene Foam Plastics market provides complete analysis about the market size, share, overview and growth prospects which are impacting the growth of the market. Global Polypropylene Foam Plastics market report helps consumers to recognize the market challenges and opportunities. The Polypropylene Foam Plastics market report extensively offers the latest information about the technological developments and market growth prospect on the basis of the regional landscape.
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The information available within the global Polypropylene Foam Plastics market report isn't only supported the facts but also on the case studies, which analysts have included to deliver appropriate information to the clients during a well-versed manner. Moreover, for better understanding, the report includes statistical figures, graphs, tables, and charts associated with the knowledge mentioned in textual form. The report also provides the market dynamics like drivers, restraints, strategies & guidelines, trends, avenues, and technological improvements anticipated to possess an impression on the Polypropylene Foam Plastics Market growth within the projected period.
Key Players in the global Polypropylene Foam Plastics market covered in Reports:
BASF, Kaneka, Hanwha, Mitsui Chemicals, JSP, Borealis, Kingspan Gefinex, Sonoco Products Company, DS Smith, K. K. NAG, Pregis, Sekisui Alveo, SSW Pearlfoam, Synbra Holding, Woodbridge Group
Key Types in the global Polypropylene Foam Plastics market covered in Reports:
Extruded Polypropylene Foam Plastics
Expanded Polypropylene Foam Plastics
Key Applications in the global Polypropylene Foam Plastics market covered in Reports:
Automotive
Packaging
Construction
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Regions & Countries Mentioned within the Polypropylene Foam Plastics Report:
North America (United States)
Europe (Germany, France, UK)
Asia-Pacific (China, Japan, India)
Latin America (Brazil)
The Middle East & Africa
Key questions answered through this market research report:
What Are Market Polypropylene Foam Plastics Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Counter measures to Economic Impact, Marketing Channels for Polypropylene Foam Plastics Industry?
Who Are the worldwide Key Players during this Polypropylene Foam Plastics Market?
What’s market research of Polypropylene Foam Plastics Market by Taking Applications and kinds in Consideration?
what's Economic Impact on Polypropylene Foam Plastics Industry?
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PLASTIC FOAMS MARKET ANALYSIS
Plastic foam is synthetic resins, which can be changed to sponge-like mass, acting as close-cell structure or open-cell structure. The plastic foam generally includes urethanes, polyurethanes, vinyl, cellulose acetate, phenolics, etc. Generally, most of these plastics are derivatives of crude oil, whereas some of them are of natural origin. Plastic foams find applications in the number of products depending upon their characteristics.
Plastic foams are classified on the basis of density, flexibility, etc. Low-density foams find applications in the packaging industry, insulation, and manufacturing of bedding and upholstery. High-density foams are used for footwear soles, simulated wood, and automotive interiors. Moreover, they are also used automotive exteriors.
Market Outlook
Global plastic foams market size is expected to expand significantly, registering a CAGR of 4.92% during the forecast period (2019-2027). Growing use of plastic foam in various industries is expected to increase its demand and thereby support growth of the market. Growing population around the globe is fueling growth of the construction industry. This, in turn, is expected to increase the demand for plastic foam and hence drive the market growth during the forecast period. Furthermore, growing awareness regarding environmental concerns and stringent government regulations has increased the demand for bio-degradable foams.
Moreover, key players around the world are investing heavily in research and development to produce innovative products, so as to reduce adverse effects on the environment. All these factors are expected to increase the demand for plastic foams and thereby boost the market growth in the near future. Plastic foams find application in packaging, transportation, perishable food, and electric equipment. Rising use of plastic foams in these industries is expected to increase its demand and hence accelerate the market growth during the forecast period.
However, the global plastic foams market is expected to witness restrains during the forecast period. This is due to growing government regulations on plastic foams. Although manufacturers are producing biodegradable foams, their manufacturing cost remains higher than petroleum-based plastic foams.
Market Regional Analysis
Asia Pacific is expected to account for a significant market share in the global plastic foams market during the forecast period. This is owing to increasing demand for plastic foams from the construction industry from emerging economies such as India and China. Growing population in India and China has accelerated growth of the construction industry and hence, it is expected to drive the market growth. Moreover, North America and Europe are expected to show significant market growth during the forecast period, owing to high presence of major players
Market Players
Major players operating in the global plastic foams market include Crest Foam Industries, Carpenter Company, BASF SE., Dolco Packaging, Certain Teed, and Dow Chemicals.
Key Developments
In 2018, DS smith plastics introduced new extruded polypropylene packaging line for pharmaceutical applications in France. The new AkyPure comprises hygienic, fiber-free and moist-resistant packaging solutions. The solution are manufactured in compliance with international good manufacturing practices (GMP). The new line launched by name such as AkyPure Tray, AkyPure Box and AkyPure bulk container.
In October 2019, the Zotefoams plc. introduced its ReZorce technology to produce a range of recyclable high density polyethylene monomaterials which offering moisture and oxygen barrier properties for the food industry. This new technology involves a multilayer HDPE film with foamed layers critical in providing moisture vapor transmission and oxygen barrier properties. The technology uses combination of resin and foam layers to create a cost-effective barrier packaging that uses up to 20% less material due to the foam structure.
In April, 2019, the 3A composites launched its first PET foam core product ‘AIREX T92’ based on recycled plastic bottles. The original Airex T92 core material is made of PET plastic. It can also produce from recycled PET plastics bottles which is more environmentally sustainable.
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Polypropylene Foam Market Research 2020-2025 Report by Rising Demand, Future Scope, Market Status
Polypropylene Foam Market also called as polypropene, is an industrial plastic substance with advanced physical and chemical properties such as structural strength, acoustical properties energy absorption, and thermal insulation. Polypropylene foams are utilized in a broad range of functions such as high performance plastic, textiles and reused containers of many kinds, automotive components, laboratory equipment & polymers bank notes. It is a thermoplastic polymer which can be willingly formed by catalytic polymerization in the form of foam it is utilized for many applications such as an automobile, packaging, construction, and electrical and electronics, medical industries.
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The key driving factors responsible for the growth of Polypropylene Foam market :
The polypropylene foam is expected to witness a huge growth over the forecast period and this shift is expected to grow over the forecast period. Increasing requirement from China’s packaging market and growing requirement for small weight vehicles are accepted to be the main drivers for the polypropylene foam market over the forecast period
Additionally increasing the requirement for biodegradable products coupled with outstanding quality, energy absorbing, durability, and innovative methods is expected to increase the polypropylene foam industry over the forecast period. Moreover, instability of raw material costs and growing awareness concerning environmental concerns may obstruct the growth for polypropylene foam market. The shift towards budding bio-based polypropylene is expected to open the new opportunity for this market. Polypropylene is a general kind of thermoplastic polymer. It has many applications across diverse industries including stationary, textile and packaging. Polypropylene foam is admired owing to its high quality, lightweight, and resilient nature.
Increasing applications of this foam is expected to contribute to the huge growth in the global polypropylene foams industry over the forecast period. Moreover, superior physical properties such as quality, outstanding energy absorbing property, and durability, is expected to propel the demand of polypropylene foam market in increasing end-user industries such as food & beverages packaging and automobiles. A surge in the requirement for durable foams, requirement for recyclable foams, and the upcoming innovative techniques & upcoming safety regulations for the utilization of these foams is expected to be the one of the most influencing reasons for the worldwide market with the augmented emphasis on diverse types and their prospective applications.
Some of the other key drivers of the market are growing pressure for dirt-free water and air, stringent government regulations, and the need for recovering the standard of manufacturing and processing end-products. Recyclability is an increasing issue which could drive the market. The polypropylene foam is expected to witness a huge growth over the forecast period and this shift is expected to grow over the forecast period. Increasing requirement from China’s packaging market and growing requirement for small weight vehicles are accepted to be the main drivers for the polypropylene foam market over the forecast period.
On the basis of chemical structure and composition, the market can be segregated into Extruded polypropylene and expended polypropylene. The demand for both the categories is expected to increase over the forecast period owing to their increasing demand over the forecast period. On the basis of end-user industries, the market can be segregated into textile, automotive, consumer products, and packaging & labelling. Automotives section is expected to capture maximum share over the forecast period owing to extensive utilization of this foam due to its recyclability and high quality.
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