Germany Expanded Polypropylene Foam Market Size & Outlook
Germany expanded polypropylene foam market, 2018-2030 (US$M)
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Germany expanded polypropylene foam market highlights
- The Germany expanded polypropylene foam market generated a revenue of USD 51.9 million in 2022 and is expected to reach USD 121.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 11.2% 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 51.9 million |
| Market revenue in 2030 | USD 121.6 million |
| Growth rate | 11.2% (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, Germany accounted for 5.3% 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 Europe, Germany expanded polypropylene foam market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 121.6 million by 2030.
High density was the largest segment with a revenue share of 42% in 2022. Horizon Databook has segmented the Germany expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
Superior properties of EPP such as energy absorption, multiple impact resistance, thermal insulation, buoyancy, water and chemical resistance, and exceptionally high strength-to-weight ratio have increased the end-use scope of the product in a broad range of industries, which include food container, packaging, automotive components, and sports equipment manufacturing. The presence of numerous manufacturers in Germany and availability of skilled labor has increased the consumption of EPP in this region.
Germany dominates the automotive production in Europe and holds a majority of the demand for light vehicles. The growing demand for impact resistant, durable, and thermal resistant consumer electronics products is expected to open new opportunities for market 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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Germany expanded polypropylene foam market size, by product, 2018-2030 (US$M)
Germany Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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