South Africa Expanded Polypropylene Foam Market Size & Outlook
South Africa expanded polypropylene foam market, 2018-2030 (US$M)
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South Africa expanded polypropylene foam market highlights
- The South Africa expanded polypropylene foam market generated a revenue of USD 18.7 million in 2022 and is expected to reach USD 38.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.5% 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 18.7 million |
| Market revenue in 2030 | USD 38.8 million |
| Growth rate | 9.5% (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, South Africa accounted for 1.9% 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 Middle East & Africa, Gulf Cooperation Council expanded polypropylene foam market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 54.4 million by 2030.
High density was the largest segment with a revenue share of 42.78% in 2022. Horizon Databook has segmented the South Africa expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
Growing demand for corrosion-resistant, lightweight, and durable products by consumers is expected to open new avenues for market growth over the forecast period. The kitchen and laundry segment is likely to be a key segment in the market and is expected to grow at a significant rate owing to rising consumer dependency on electrical equipment for household applications. As a result, the demand for plastics in manufacturing household appliances is anticipated to grow over the projected period.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa expanded polypropylene foam market size, by product, 2018-2030 (US$M)
South Africa Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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