Expanded Polypropylene (EPP) Foam Market to surpass USD 809 Million by 2032, Says Global Market Insights inc.
Expanded Polypropylene (EPP) Foam Industry size is expected to register 7.5% CAGR between 2024 and 2032 propelled by increasing demand from the automotive industry.
Selbyville, Delaware , Feb. 06, 2024 (GLOBE NEWSWIRE) — Expanded Polypropylene (EPP) Foam Market is poised to be worth more than USD 809 million by the end of 2032, as per a
Asia Pacific to emerge as a lucrative market destination
Asia Pacific Expanded polypropylene foam market held a sizable revenue share in 2023 and is set to exhibit robust growth through 2032. The strong presence of the flourishing automotive and packaging industries is propelling the demand for EPP foam in the region. With increasing automotive production and the growing focus on sustainable packaging solutions, EPP foam helps meet the need for versatile and eco-friendly materials. Moreover, the rising consumer awareness regarding the benefits of EPP foam in consumer goods and industrial applications will further accelerate the regional industry expansion.
EPP Foam Industry Participants
Some of the major companies engaged in the expanded polypropylene foam market are DS Smith PLC, BASF SE, Sonoco Products Company, JSP Corporation, Furukawa Electric Co., Ltd., Kaneka Corporation, The Woodbridge Group, and Hanwha Corporation. Strategic initiatives led by these industry players, including acquisitions and partnerships, to enhance technological capabilities, broaden market reach, and foster innovations will augment the industry outlook. For instance, in October 2023, Knauf Industries GmbH, a European molded component expert, acquired the Neopolen expanded polypropylene business from BASF.
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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