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:
JSP.
BASF S.E.
Kaneka Corporation
Hanwha Corporation
Mitsui Chemicals, Inc.
Borealis AG
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:

By Type:

Expanded Polypropylene (EPP) Foams
Extruded Polypropylene (XPP) Foams
Type (Dentist basis)

By End-use industries:
Automotive
Packaging
Consumer products
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
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
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors