Press release
Increasing Demand For Polypropylene Foams In The Automotive Industry Is Set To Fuel The Market Growth During The Forecast Period 2021-2031
Polypropylene Foams Market: Overview and DynamicsPolypropylene foam is also known as expanded polypropylene foam which is a highly versatile foam material providing a range of properties such as high resistivity against water and chemicals. Attributed to its exceptional lightweight and impressive strength-to-weight ratio, polypropylene foam is primarily used in automotive applications.
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Other unique properties such as outstanding energy absorption and thermal insulation polypropylene foams are emerging as a choice of material in the range of applications inducing consumer and industrial goods for foaming purposes. Owing to their proven aforementioned advantages polypropylene foams are set to replace polyethylene foam sheets in numerous applications including automotive and packaging applications.
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Segmentation analysis of Polypropylene Foams Market:
The global polypropylene foams market is bifurcated into three major segments: grade, application, and region.
On the basis of grade, polypropylene foams market has been segmented as follows:
High Density
Medium Density
Low Density
On the basis of application, polypropylene foams market has been segmented as follows:
Automotive
Consumer Products
HVAC-R
Lightweight Constructions
Packaging and Logistics
Others
On the basis of geographic regions, polypropylene foams market is segmented as
North America
Europe
Latin America
East Asia
South Asia and Oceania
Middle East & Africa
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Polypropylene Foams Market: Key Players
Prominent players in the global polypropylene foams market are JSP, K. K. Nag Ltd., FOAMTECH Ltd., Nomaco, Pregis LLC., Clark Foam Products, Kaneka Corporation, BASF, Mitsui Chemicals, and Hanwha Advanced Materials America. The polypropylene foams market is a partially fragmented one consisting of local and international players.
In order to meet the increasing demand for various densities of polypropylene foams as per applications, companies are offering products ranging from high, medium, and low-density foams. Companies like JSP, BASF, and Kaneka offer a range of products with different densities for specific applications. Further, market goliaths like BASF and JSP launched two new recyclable polypropylene foams in order to strengthen their market position over their competitors. The aforementioned factors are set to assist the polypropylene foams marketgrowth during the forecast period.
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The Polypropylene Foams Market Report Covers Exhaustive Analysis On:
Market Segments
Market Dynamics
Market Size & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
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