Brazil Expanded Polypropylene Foam Market Size & Outlook
Brazil expanded polypropylene foam market, 2018-2030 (US$M)
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Brazil expanded polypropylene foam market highlights
- The Brazil expanded polypropylene foam market generated a revenue of USD 38.6 million in 2022 and is expected to reach USD 86.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10.6% 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.
Expanded polypropylene foam market data book summary
| Market revenue in 2022 | USD 38.6 million |
| Market revenue in 2030 | USD 86.3 million |
| Growth rate | 10.6% (CAGR from 2022 to 2030) |
| Largest segment | High density |
| Fastest growing segment | High Density |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 3.9% of the global expanded polypropylene foam market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil expanded polypropylene foam market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 86.3 million by 2030.
High density was the largest segment with a revenue share of 42.75% in 2022. Horizon Databook has segmented the Brazil 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 market demand for EPP foam is driven by the increasing use of foam products for noise insulation, thermal insulation, and impact resistance in automobiles, packaging solutions, and consumer goods. The current economic slowdown in the country has resulted in a decrease in the overall vehicle production and a fall in the expenditure on consumer goods.
The slow pace of the economy is likely to hamper the market growth of EPP foam over the forecast period. Consumer goods industry in Brazil has witnessed rapid growth over the past few years owing to the increasing disposable income and changing consumption patterns. EPP foam products find numerous applications in consumer goods market owing to which the market is expected to witness steady growth over the forecast period.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil expanded polypropylene foam market size, by product, 2018-2030 (US$M)
Brazil Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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