Polypropylene Foam Market Report

Polypropylene Foam Market Analysis, Market Size, Application, Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2015 to 2022

Format: PDF  |  Report ID: GVR1964

Growing automotive and packaging industry demand is projected to positively influence the global polypropylene foam market over the next seven years. Unique polypropylene features such as absorption, acoustical properties, thermal insulation, structural strength and chemical inertness are estimated to boost the global market. Substantial increase in demand from the major end-use industries is a key factor for the estimated growth of the polypropylene foam market. Surge in the demand for durable foams and recyclable foams are expected to assist the polypropylene market growth. Automotive industry is anticipated to grow at a rapid pace over the next few years. Rise in disposable income and change in lifestyle among the consumers is expected to be beneficial to the automotive industry growth and finally have positive impact on the polypropylene foam market. Packaging industry was the most lucrative end-use industry for the polypropylene foam market. Growing preference for packed and frozen food is estimated to help packaging industry growth and eventually benefit the overall market. Increase in demand for bio-based polypropylene is also expected to impact the global market growth positively. R&D initiatives by the major industry participants have led to extensive technological modifications required to meet the continuous increasing demand. This is touted to bolster the global polypropylene foam market growth. Dunnage or reusable industrial packaging has observed brisk growth owing to high demand from end-use industry applications such as furniture and toys and is eventually is expected to have positive influence on the overall polypropylene market. Demand in the fragile goods sector has observed substantial growth over the last five years and is further projected to assist the global polypropylene foam market. Injection molding industry accounts for over 50% total market shares. It is estimated to have brisk growth over the next seven years and is anticipated to be beneficial to the overall market. Textile industry is also anticipated to have rapid global market growth over the next seven years and is expected to directly impact the polypropylene foams market. Supporting agencies such EPA have implemented supporting regulations for bio-based polypropylene, thereby aiding the overall market growth. Growing demand for bio-based substitutes such as PLA and PET is predicted to assist the global market growth. Films industry which uses polypropylene as a major raw material accounted for more than approximately 15% of the total volume. It is also expected to assist the global market growth. Shale production in North America resulted in raw material prices reduction, thereby aiding the regional polypropylene foam market growth. Whereas, volatile raw material price in the other regions is projected to hinder the global polypropylene market growth. Environmental concerns related to polypropylene usage are expected to hamper the global market. Strict government policies and guidelines for conventional polymer are expected to deter the global polypropylene foam market growth.

Europe and Asia Pacific have dominated the global polypropylene foam market and held the majority market share over the past few years. Eastern & Central European region have witnessed growing demand for polypropylene foam and are anticipated to boost up the global market growth over the next seven years. Growing construction spending in emerging economies such as China, India and South east India is expected to have positive influence on the regional market. North America and Middle East & Africa are expected to have moderate growth rate.

Investments made by major industry participants for constant technological advancements are further anticipated to boost the global polypropylene foam market. Prominent polypropylene foam industry participants include NMC Group, BASF S.E., Zotefoams, Borealis, The Wood Bridge Group, JSP, Thai Foam, Kaneka, Synbra, Sekisui Alveo, Storopack Group, Armacell, SSW Pearl Foam, DS Smith, SSI Schaefer, Furukawa Electric, Sonoco Products, Huntsman, Proseat, K.K. Nag, Pregis, Mitsui Chemicals, Polyfoam Australia, Moulded Foams and PMPF.

 

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