Market Analysis: Global Polypropylene Foams Market
Global Polypropylene Foams Market is expected to rise from its initial estimated value of USD 1.02 billion in 2018 to an estimated value of USD 1.65 billion by 2026, registering a CAGR of 5.4% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in Ideal performance, durability and light weight of polypropylene.
Market Definition: Global Polypropylene Foams Market
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.
- Due to sustainable and eco-friendly, this significant act as a driver to market.
- High price of polypropylene foams, due to high cost this act as restraints to the market.
- Low awareness about polypropylene foams, due to Low awareness, this act as restraints to the market
Segmentation: Global Polypropylene Foams Market
- Consumer Products
- Food Grade
- Medical Grade
- Consumer Products
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In October 2018, Sonoco announced Acquisition of Conitex Sonoco Joint Venture, Conitex Sonoco is a vertically integrated global leader in the manufacture of paper-based cones and tubes used in the textile industry.
- In January 2017, Johnson Plastics announced full integration of Johnson Plastics and Bur-Lane, Inc. with the launch of Johnson Plastics Plus. Johnson Plastics Plus customers have access to the largest full product offering in the industry from both Bur-Lane and Johnson Plastics, providing more choices than ever before.
Global polypropylene foams market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polypropylene foams market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working polypropylene foams market are BASF SE (Germany), KANEKA CORPORATION (Japan), Hanwha Group (South Korea), Mitsui Chemicals, Inc. (Japan), Borealis AG (Europe), FURUKAWA ELECTRIC CO., LTD. (Japan), Sonoco Products Company (US), DS Smith (UK), K. K. Nag Ltd. (India), Pregis LLC (US), Sekisui Alveo (Switzerland), Synbra B.V. (Europe), Woodbridge (Canada), NMC Healthcare (UK), CLARK FOAM PRODUCTS (USA), Mammoth Products, Inc. (USA), Miles Manufactured Products Inc., Quality Foam Packaging, Inc. (USA), Johnson Plastics Plus (US), Williams Foam (USA).
Research Methodology: Global Polypropylene Foams Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed 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.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved