Polypropylene Foams Market is expected to grow at a CAGR of 7.2% during the next five years, according to a newly added report by Stratview Research. The rising demand for lightweight automobiles is the prime factor that is bolstering the growth of the global polypropylene foams market. Further, the growing claim from various end-use industries in the industrialized and emerging economies has prompted the evolution of the polypropylene foams market.
The report offers detailed insights into relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in three ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different types, expanded polypropylene (EPP) foam is presently governing the market.
The automotive application is projected to register the largest share of the market in the coming five years, in the segment of end-use industry type.
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Asia-Pacific is estimated to depict the maximum growth in the polypropylene foams market, in terms of value and volume, during the forecast period. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.
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The report further mentions about the key manufacturing players BASF SE, Kaneka Corporation, Hanwha Corporation, Mitsui Chemicals Inc., Borealis AG, Furukawa Electric Co. Ltd., Sonoco Products Company, DS Smith PLC, K.K. NAG Ltd., and Pregis Corporation who are emerging fast and their roles in the growing market. It also portraits the crucial mergers, acquisitions, and other current happenings in the polypropylene foams market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Polypropylene Foams Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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