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Polypropylene Foams Market 2018 Analysis By Key Players: Woodbridge Foam Corp, Synbra Holding B.V., Sekisui Alveo, Pregis, K K Nag Ltd, DS Smith, Sonoco, Borealis, Mitsui Chemicals Group, Hanwha Corporation, BASF, JSP, Armacell
Press release from: Data Bridge Market Research
Global Polypropylene Foams Market, By Type (EPP, XPP), By Application (Automotive, Packaging, Consumer Products, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Major Market Competitors:
• BASF SE
• Kaneka Corporation
• Hanwha Corporation
• Mitsui Chemicals, Inc.
• Furukawa Electric Co., Ltd.
• Sonoco Products Company
• DS Smith
• K. K. NAG Ltd.
• Pregis Corporation
• Sekisui Alveo AG
• Synbra Holding BV
• Woodbridge Foam Corporation
• Armacell Enterprise GmbH & Co. KG
• NMC Group
• Alpha Foam Ltd.
• CLARK FOAM PRODUCTS
• Mammoth Products, Inc.
• Miles Products
• American Excelsior, Inc.
• Williams Foam
• Quality Foam Packaging, Inc
• Many more
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The global polypropylene foams market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
The global polypropylene foams market accounted for USD 960.3 million in 2016 and is projected to grow at a CAGR of 5.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Polypropylene is a thermoplastic polymer which can be readily formed by catalytic polymerization of propylene. Polypropylene foams are used for the packaging purpose and is durable and light weight. There is a growing demand for polypropylene foams in automotive, packaging and consumer products activates, which is expected to be one of the major drivers of the market over the next seven years.
Major market drivers:
• Better performance compared to the other foams
• Sustainable and eco-friendly
• Ideal performance, durability and light weight of polypropylene
• High price of polypropylene foams
• Low awareness about polypropylene foams
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On the basis of type:
On the basis of application:
• Consumer Products
On the basis of geography:
• North America
• South America
• Middle East & Africa
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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