Market revenue in 2022 | USD 984.0 million |
Market revenue in 2030 | USD 2,306.5 million |
Growth rate | 11.2% (CAGR from 2022 to 2030) |
Largest segment | High density |
Fastest growing segment | High Density |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | High Density, Low Density, Medium Density |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to expanded polypropylene foam market will help companies and investors design strategic landscapes.
high density was the largest segment with a revenue share of 42.32% in 2022. Horizon Databook has segmented the Global expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in automotive industry directly influences the growth of related industries such as steel, plastics, and aftermarket services. Automotive market is the largest end user of expanded polypropylene foam and molded products for numerous applications owing to the improved mechanical and chemical properties offered by EPP foam.
The technological changes in automotive industry and the growing focus on energy efficient, light, and durable materials have led to the use of PVC, PE, PU, PP, and acrylic materials for auto parts including trim components, floor, hood & door panels, and bumper parts. Vehicle production in Asia Pacific has seen rapid growth owing to the increasing demand for passenger cars in China and India. In addition, the presence of major players, such as Hyundai, Nissan, Toyota, Tata, Maruti, and Isuzu among others, in the region has led to the rapid market growth.
Horizon Databook provides a detailed overview of global-level data and insights on the Global expanded polypropylene foam market , including forecasts for subscribers. This global databook contains high-level insights into Global expanded polypropylene foam market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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