Europe Expanded Polypropylene Foam Market Size & Outlook
Europe expanded polypropylene foam market, 2018-2030 (US$M)
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Europe expanded polypropylene foam market highlights
- The Europe expanded polypropylene foam market generated a revenue of USD 145.6 million in 2022.
- The market is expected to grow at a CAGR of 10.9% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 145.6 million |
| Market revenue in 2030 | USD 333.1 million |
| Growth rate | 10.9% (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, Europe region accounted for 14.8% 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 42.03% in 2022. Horizon Databook has segmented the Europe expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounted for the second-largest market share in 2020. The primary reason for the growth in demand for expanded polypropylene foam in this region is the booming automobile industry in Germany and the UK.
The automotive industry, being the key end-use segment for the product, is expected to continue its dominance in Europe as the automotive market in the UK, Spain, Germany, and France is witnessing significant growth.
Germany is expected to witness the fastest growth over the forecast period owing to the presence of automotive giants such as Volkswagen AG, Daimler AG, MAN Trucks, and BMW AG. In addition, the rapidly emerging consumer goods industry in major economies such as Germany, France, Spain, and Russia is expected to propel the demand for expanded polypropylene foam over the analysis period.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe expanded polypropylene foam market size, by country, 2018-2030 (US$M)
Europe Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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