Global Extruded Polypropylene Foam Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz, in its upcoming report titled, “Global Extruded Polypropylene Foam Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global extruded polypropylene foam market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global extruded polypropylene foam market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global extruded polypropylene foam market is estimated to exhibit a X.X% CAGR in terms of value during the forecast period 2018–2027. The global extruded polypropylene foam market report has been segmented on the basis of application and region.

Extruded polypropylene foam is thermoplastic material which can be processed with many techniques and used in wide range of applications. It is chemical and thermal resistant which make it suitable for outdoor use. The properties of extruded polypropylene foam includes low density, moisture barrier, microwavable, and further can be recycled. It produces less solid wasted as compared to other plastics.

The demand for extruded polypropylene foam is projected to grow over the forecast period owing to growing demand in automotive industries. The automobile manufacturing industries are adopting techniques to reduce the weight of the automobile which helps in improving the performance of the vehicle. Versatile property of extruded polypropylene foam and low costs makes it preferable for packaging. Rising demand for reusable bottles and eco-friendly kitchenware is expected to boost the demand for extruded polypropylene foam.

Low density extruded polypropylene foam is non-reactive, structured, chemical & high-temperature resistant foam. It is majorly used in automobile and building & construction industries. Growing demand for automotive industry on account of growing demand in manufacturing door liners, engine sheds, and roof trunk liner is expected to boost the demand for low-density polypropylene foam.

Transportation is the major application segment in the global extruded polypropylene foam market. Growing demand for manufacturing lightweight vehicles is expected to fuel the market growth of extruded polypropylene foam. Temperature resistance property and high strength offered by the products is responsible for their high demand. Rising innovation in automotive materials, along with the introduction of new manufacturing techniques is expected to have a positive impact on the extruded polypropylene foam market over the forecast period.

The Asia Pacific is expected to be the fastest growing region. Growing automobile industry in India, China, and Japan coupled with rising disposable income of the people in the region is expected to fuel the market growth of extruded polypropylene foam. Rising investment in building construction by the developing economies in the region is expected have a positive impact on the market demand for extruded polypropylene foam.

Market segmentation and key players operating in the global market:

Global specialty silica market segmentation, by product:

• High density
• Low density

Global specialty silica market segmentation, by application:

• Building & construction
• Transportation
• Packaging
• Others

Global specialty silica market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa