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Expanded Polypropylene (EPP) Foam Market Size
- Report ID: GMI7000
- Published Date: Oct 2023
- Report Format: PDF
Expanded Polypropylene Foam Market Size
Expanded Polypropylene Foam Market was valued at around USD 429.3 Million in 2023 and is estimated to exhibit around 7.5% CAGR from 2024 to 2032. owing to the increased demand from the automotive sector, where EPP foam is valued for its lightweight and durable properties in applications like bumpers and interior components. The packaging industry is also witnessing a surge in EPP foam adoption due to its protective qualities. Manufacturers are innovating by introducing new EPP foam grades with enhanced attributes, expanding its application scope. Sustainability is a key focus as EPP foam is recyclable, aligning with the growing environmental consciousness.
The expanded polypropylene (EPP) foam market is projected to grow steadily, yet several challenges could impede its progress. Raw material price fluctuations, stemming from polypropylene's petrochemical origin, can affect EPP foam's cost competitiveness. Stringent regulations, covering safety, emissions, and recyclability, can raise production costs and complexities.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Expanded Polypropylene Foam Market Size in 2023: | USD 429.3 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.5% |
| 2032 Value Projection: | USD 809.4 Million |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 203 |
| Segments covered: | Type, Application, End use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Expanded Polypropylene Foam Market Scope
