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Polypropylene Foams Market Size

Report ID: GMI6699
Published Date: Sep 2023
Report Format: PDF

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Polypropylene Foams Market Size

Polypropylene Foams Market size was valued at around USD 1.28 Billion in 2023 and is anticipated to grow at a CAGR of 7% between 2024 and 2032. Polypropylene foams are lightweight and offer high strength-to-weight ratios, making them attractive for industries looking to reduce weight in their products. The automotive industry's focus on weight reduction to improve fuel efficiency and reduce emissions drives demand for lightweight materials like polypropylene foams.

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Polypropylene foams are used for protective packaging and thermal insulation, driving demand from industries such as electronics, appliances, and construction. The excellent thermal insulating properties of polypropylene foams contribute to their use in construction and industrial applications.

Polypropylene Foams Market Report Attributes
Report Attribute	Details
Base Year:	2023
Polypropylene Foams Market Size in 2023:	USD 1.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7%
2032 Value Projection:	USD 2.3 Billion
Historical Data for:	2018 to 2023
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Product type, End user
Growth Drivers:	Growing packaging industry Growing automotive industry Growing electronics industry
Pitfalls & Challenges:	Competition from Alternative Materials Regulatory Compliance Complex Manufacturing Processes

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The availability of alternative lightweight and insulating materials may make the deployment of polypropylene foams difficult. While polypropylene foams are recyclable, environmental concerns about plastics may raise demand for more sustainable materials. High-quality polypropylene foam manufacture includes complex manufacturing processes that necessitate specialised equipment and knowledge. As a result, the dangers connected with Polypropylene foams may reduce adoption, thus impeding corporate growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for polypropylene foams was valued at around USD 1.28 billion in 2023 and is estimated to reach USD 2.31 billion by the end of 2032, as these foams are lightweight and offer high strength-to-weight ratios.

Expanded Polypropylene held a majority market value of over USD 1.36 billion in 2022 and will gain traction as EPP's lightweight nature and impact resistance drive its use in automotive components to reduce vehicle weight.

U.S. polypropylene foams market was valued over USD 349.7 million in 2022 and is anticipated to expand at a significant pace from 2023-2032, owing to the stricter fuel efficiency and emissions regulations that drive the use of lightweight materials like polypropylene foams in vehicle components to reduce weight.

BASF SE, SEKISUI CHEMICAL CO., LTD., Kaneka Corporation, JSP Corporation, SABIC, Recticel, Borealis AG, Armacell, Toray Industries, Inc., Rogers Corporation, INOAC Corporation, RTP Company, Zotefoams plc, ACH Foam Technologies, LLC, Pregis LLC among others.