DALLAS, May 29, 2015 /PRNewswire/ --
The report "Expanded Polypropylene (EPP) Foam Market by Type (Low Density, High Density & Porous PP) and by Application (Automotive, Packaging, Consumer Products & Others) - Global Forecast to 2019" published by MarketsandMarkets, The current worth of the global EPP Foams Market 2013 is $573.20 Million and is estimated to reach $1,225.6 Million by 2019, registering a CAGR of 11.4% from 2014 to 2019.
Browse 78 market data Tables and 47 Figures spread through 117 Pages and in-depth TOC on "Expanded Polypropylene (EPP) Foam Market".
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The global EPP foam types are significantly penetrating their end-use industries market. They have different characteristics as per their manufacturing and application requirement in end products. The Asia-Pacific region is expected to dominate this market with its growing demand for EPP foams in different applications, especially in the automotive and packaging segments. The Asia-Pacific and North American markets are estimated to show a rising growth in between 2014-2019 with the allied industries expected to stabilize the overall business need in the respective regions.
R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers are investing for future advancements and technology modifications of EPP foams to match the new demands coming from various end-user industries. EPP foams are dominant among all the competitive foams available, in terms of consumption and revenue, reasoned by its optimal cost to performance factor.
The market report analyzes the global EPP foam market with respect to market drivers, restraints, opportunities, and challenges in different regions. Asia-Pacific is the largest region, both in terms of volume and value, followed by Europe and North America. China, Japan, U.S., Germany, Brazil, and Russia are expected to persist as successful foam markets. The key players in the global EPP foams market are BASF S.E (Germany), DS Smith (U.K.), JSP Corporation (Japan), Kaneka Corporation (Japan), Furukuwa Electric Co.(Japan), The Woodbridge Group (Canada), SSW Pearl Foam Gmbh (Germany), Sonoco (U.S.), Hanwha Corporation (South Korea), Dongshing (South Korea) and others.
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The Eastern and Central European and emerging Southeast Asian and Latin American nations that will host some global events are expected to be growth factors of the EPP foam market. An increase in auto sales, proposals for improvement of infrastructure, and rising housing market in emerging economies will drive the EPP foams market.
The EPP foams demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The current worth of the global EPP foams market (2013) is $573.20 Million and is estimated to reach $1,225.6 Million by 2019, registering a CAGR of 11.4% from 2014 to 2019. The high demand across the industries, such as packaging, bedding & furniture, building & construction, and automotive will increase the demand for EPP foams.
Browse Related Reports:
Polypropylene Foams Market by Application (Automotive, Packaging, Consumer Products & Others), by Type (Expanded Polypropylene Foams and Extruded Polypropylene Foams) & Geography - Trends and Forecasts to 2018
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