Asia Pacific Expanded Polypropylene Foam Market Size & Outlook
Asia Pacific expanded polypropylene foam market, 2018-2030 (US$M)
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Asia Pacific expanded polypropylene foam market highlights
- The Asia Pacific expanded polypropylene foam market generated a revenue of USD 400.8 million in 2022.
- The market is expected to grow at a CAGR of 11.7% from 2023 to 2030.
- In terms of segment, high density was the largest revenue generating product in 2022.
- High Density is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 400.8 million |
| Market revenue in 2030 | USD 970.4 million |
| Growth rate | 11.7% (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 |
| Key market players worldwide | JSP Corp, Basf SE, Kaneka Corp, DS Smith PLC, Furukawa Electric Co Ltd, Hanwha, Sonoco Products Co, Knauf, Crown Holdings Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.7% of the global expanded polypropylene foam market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 970.4 million by 2030.
High density was the largest segment with a revenue share of 42.51% in 2022. Horizon Databook has segmented the Asia Pacific expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
Consumer goods and electronics manufacturing industries in China, India, and Singapore are experiencing rapid growth owing to rapid industrialization, availability of raw materials, and easy availability of labor.
China’s exports accounted for nearly 29.38% of its GDP in 2017 and it remains one of the largest exporters of consumer durables and automobile components in the world. These are expected to be the key factors impacting the growth of the product penetration in the consumer goods and electronics industries in this region.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific expanded polypropylene foam market size, by country, 2018-2030 (US$M)
Asia Pacific Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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