India Expanded Polypropylene Foam Market Size & Outlook
India expanded polypropylene foam market, 2018-2030 (US$M)
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India expanded polypropylene foam market highlights
- The India expanded polypropylene foam market generated a revenue of USD 110.1 million in 2022 and is expected to reach USD 269.4 million by 2030.
- The India market is expected to grow at a CAGR of 11.8% 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 110.1 million |
| Market revenue in 2030 | USD 269.4 million |
| Growth rate | 11.8% (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, India accounted for 11.2% 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 Asia Pacific, China expanded polypropylene foam market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 344.4 million by 2030.
High density was the largest segment with a revenue share of 42.51% in 2022. Horizon Databook has segmented the India expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
EPP foam beads and molded products find application for noise insulation, water resistance, thermal insulation, shock absorption, and impact resistance on account of their favorable chemical and mechanical properties.
The increasing use of EPP foam in packaging and consumer goods is likely to drive market growth over the forecast period. Consumer goods industry in India has witnessed rapid growth in the past decade owing to major technological breakthroughs, primarily in consumer electronics segment.
The rapidly growing consumer electronics segment is expected to have a positive impact on the growth of EPP market. The presence of domestic and international EPP foam manufacturers and fabricators in the country on account of the easy availability of raw materials and lower production costs is expected to drive the market growth.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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India expanded polypropylene foam market size, by product, 2018-2030 (US$M)
India Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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