The Global Extruded Polypropylene Foam Market report 2018-2027, has been prepared By MarketResearch.Biz, based on a deep market analysis with inputs from industry experts. This report covers the market landscape, size, key players, segmentation, production, revenue and its growth prospects for the upcoming years.
Extruded polypropylene foam is thermoplastic material which can be processed with many techniques and used in wide range of applications. It is chemical and thermal resistant which make it suitable for outdoor use. The properties of extruded polypropylene foam include low density, moisture barrier, microwavable, and further can be recycled. It produces less solid wasted as compared to other plastics.
The demand for extruded polypropylene foam is projected to grow over the forecast period owing to the growing demand in automotive industries. The automobile manufacturing industries are adopting techniques to reduce the weight of the automobile which helps in improving the performance of the vehicle. Versatile property of extruded polypropylene foam and low costs make it preferable for packaging. Rising demand for reusable bottles and eco-friendly kitchenware is expected to boost the demand for extruded polypropylene foam.
Extruded Polypropylene Foam Market Outlook:
Transportation is the major application segment in the global extruded polypropylene foam market. Growing demand for manufacturing lightweight vehicles is expected to fuel the market growth of extruded polypropylene foam. Temperature resistance property and high strength offered by the products is responsible for their high demand. Rising innovation in automotive materials, along with the introduction of new manufacturing techniques is expected to have a positive impact on the extruded polypropylene foam market over the forecast period.
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Global specialty silica market segmentation, by product:
- High density
- Low density
Global specialty silica market segmentation, by application:
- Building & construction
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Extruded Polypropylene Foam Market by Region:
The Asia Pacific is expected to be the fastest growing region. Growing automobile industry in India, China, and Japan coupled with rising disposable income of the people in the region is expected to fuel the market growth of extruded polypropylene foam. Rising investment in building construction by the developing economies in the region is expected have a positive impact on the market demand for extruded polypropylene foam.