Polypropylene Foams Market worth 1.27 Billion USD by 2021

The report "Polypropylene Foams Market by Type (EPP, XPP), Application (Automotive, Packaging, Consumer Products), Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2021", 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.

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Browse 103 market data tables and 20 figures spread through 180 pages and in-depth TOC on “Polypropylene Foams Market by Type (EPP, XPP), Application (Automotive, Packaging, Consumer Products), Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2021”

Automotive: The leading application segment in the polypropylene foams market

Automotive is the largest application segment in the polypropylene foams market, where polypropylene foams are majorly used in the side impact, under carpet, child seat, console box, tool boxes, shock absorbers, trunk liners, crash protection, head rest, head liners, car interiors, and sun visors. Vehicles need light weight foams to enable reduction in fuel consumption and provide greater mileage. The increasing demand for PP foams in the automotive sector is driven by the growing global vehicle production. PP foams are mainly used in high-end & luxury vehicles. The growing demand for automobiles is expected to enhance the demand for PP foam products, globally. The automobile industry demands highly durable and light weight foams since enhancing fuel efficiency of a vehicle is one of the most important requirements in automotive manufacturing.

Extruded Polypropylene (XPP) Foams: The fastest-growing type in the polypropylene foams market

Extruded polypropylene (XPP) foam is projected to be the fastest-growing type in the polypropylene foams market. Extruded polypropylene foams have superior performance characteristics such as, high impact resistance, light weight, water & moisture resistance, and shape retention property, due to which it is ideal for many performance driven applications. The demand for these foams is also driven by the increasing acceptance of XPP foam in the packaging application segment, globally. Due to high heat stability, superior chemical resistance, the demand for XPP foams has been increasing very rapidly since the last two years in the food packaging sector. Also, in 2015, the growth of the automotive industry in the BRICS countries was 8.0%-9.0%, due to which the consumption of XPP foams across the BRICS countries is expected to grow during the next five years.

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Key Market Players -

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.