Polypropylene Foam Market to Witness Comprehensive Growth by 2020

Posted by shahir on November 15th, 2017

Polypropylene foam (PP), also known as polypropene, is an engineering plastic material with advanced chemical and physical properties such as energy absorption, structural strength, thermal insulation and acoustical properties. Polypropylene foams are used in range of applications such as, textiles, high performance plastic parts and reusable containers of various types, laboratory equipment, automotive components, and polymers bank notes. 

Request For Report Sample: https://www.persistencemarketresearch.com/samples/3250

On the basis of chemical composition the global polypropylene foam market can be broadly categorize in two different markets variant namely expended polypropylene (EPP) and Extruded poly polypropylene. On the basis of end user application of the polypropylene foam, the market can be further segmented in the four broad categories namely, automotives, packaging, consumers product and others. Automotive application segment of polypropylene market holds the largest share in 2013 and it is also experiencing the fasted growth rate over the last few years.

Some of the major drivers of the global polypropylene foam market include, growing concern towards environment sustainability, strict government regulations, and the cost benefits associated with recyclable properties of polypropylene foam as polypropylene foam can be fully recycled. Moreover enhanced physical properties such as quality, lightweight nature & excellent energy absorbing property, and durability, is propelling the demand of polypropylene foam market in growing end user industries such as automobiles and food and beverages packaging.

Asia Pacific is the largest producer and consumer of polypropylene foam market. It is then followed by Europe and North America. The polypropylene foam market is growing in double digit in Asia Pacific. Over the last few year china became a global hub for the automobile manufacturing.