In a recently published report, Global Polypropylene Foams Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Polypropylene Foams Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Polypropylene Foams market is valued approximately at USD 1.07 Billion in 2018 and is anticipated to grow with a growth rate of more than 5.72% over the forecast period 2019-2026. Polypropylene Foams are also known as polypropene that is an engineering plastic material containing advanced chemical and physical properties such as structure strength, energy absorption, thermal insulation and acoustical properties. Polypropylene Foams have wide range of application in textiles, laboratory equipment and automotive components. The growing concern towards environmental sustainability and cost benefits associated with recycling properties of polypropylene is driving the growth of market over the forecast years. Whereas, enhanced physical property such as quality, lightweight nature and excellent energy absorption property is a lucrative opportunity for the growth of polypropylene in the end-use industries such as automobile and food & beverages. The polypropylene foams have good low temperature impact, low density, good thermal insulation and efficient heat resistance that made it impressively usable for the food and beverage and packaging industries. Hence, rising growth in food and beverage industries accelerate the growth of market. For instance: As per Inhouse research, the revenue in global food and beverage industry is expected to grow up to USD 76,082 million till 2020 and projected to grow with annual growth rate of 8.4% from 2020-2024. However, strict government regulations and rising environmental concerns related to polypropylene hamper the growth of market over the forecast years.
The regional analysis of global Polypropylene Foams market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is accounts for the largest share in the global polypropylene foam owing to the rising demand from automotive and packing industry coupled with increased population and rising disposable income. Similarly, outstanding mechanical properties of polypropylene foams and increase in production of automobiles are the factors responsible for fastest growing of Asia Pacific region in between 2018-2026.
Market player included in this report are:
Mitsui Chemicals, Inc.
Furukawa Electric Co., Ltd.
Sonoco Products Company
DS Smith PLC.
K. K. NAG Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Expanded Polypropylene (EPP) Foams
Extruded Polypropylene (XPP) Foams
Type (Dentist basis)
By End-use industries:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Polypropylene Foams Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
About Kenneth Research
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