Global Expanded Polypropylene (EPP) Market Share
Global Expanded Polypropylene (EPP) Market Share

Global Expanded Polypropylene (EPP) Market Share 2019 Analysis | Major Players of Industry are BASF SE, KANEKA Belgium NV, FURUKAWA ELECTRIC CO., LTD., DS Smith, Hanwha Advanced Materials America

Global Expanded Polypropylene (EPP) Market is expected to rise to an estimated value of USD 1.6 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. The high growth of this market is because of rising demand of expanded polypropylene (EPP) in industries. Few of the major competitors currently working in the global expanded polypropylene (EPP) market are BASF SE, KANEKA Belgium NV, FURUKAWA ELECTRIC CO., LTD., DS Smith, Hanwha Advanced Materials America, Sonoco Products Company, Woodbridge, DONGSHIN INDUSTRY INCORPORATED, Knauf Industries, Clark Foam Products Corp., Paracoat Products Ltd, Molan-Pino South Africa, Armacell International S.A., Lauren Manufacturing, Cooper Standard, DuPont de Nemours, Inc, Dow, Huntington Solutions among others.

Global Expanded Polypropylene (EPP) Market By Type (Low Density, High Density, Medium Density), Process (Solid-State Processing and Melt-State Processing), Application (Automotive, Packaging, Consumer Goods, Others), and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

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Competitive Analysis:

Global expanded polypropylene (EPP) 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 expanded polypropylene (EPP) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition:

Expanded Polypropylene (EPP) is a kind of foam which is used in packaging applications. The Polypropylene foam is multipurpose and recyclable it is having various EPP foam has capacity to continue its shape even after a several impacts and make it ideal material for the radio-controlled vehicles, universally. Polypropylene exhibits various properties including thermal insulation, energy absorption, high strength, recyclability, water and chemical resistance and many more.

Market Drivers:

  • Increase demand of demand for cars that are light weight and fuel efficient can fuel the market growth
  • Rising demand of expanded polypropylene in heavy industrial packaging can increase the market growth
  • Increase demand of polypropylene in textile industries can fuel the market growth
  • Strict government regulation on carbon emission and environmental concerns can also act as a market driver

Market Restraints:

  • Price volatility in material prices can hamper the market growth
  • Unfavorable regulatory conditions can also restricts the growth of this market
  • Emerging consumer goods demand can also hamper the market growth

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 Segmentation: Global Expanded Polypropylene (EPP) Market

By Type

  • Low Density
  • High Density
  • Medium Density

By Process

  • Solid-State Processing
  • Melt-State Processing

By Application

  • Automotive
  • Packaging
  • Consumer Goods
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Key Developments in the Market:

  • In March 2019, Huntington Solutions which is a leading a leading provider of custom-engineered expanded polystyrene and expanded polypropylene acquired RADVA Corporation. The main aim for this launch is to expand their footprint in the Mid-Atlantic region and to fulfill their customer needs and requirements
  • In April 2018, ExxonMobil launched advanced polypropylene the main aim from this launch is to offer a significant step beyond traditional polypropylene performance along with providing new business opportunity to customers in automotive parts, rigid packaging, nonwovens, and appliances

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

 

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About Data Bridge Market Research 8440 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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