DUBLIN, June 04, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/v84xmh/expanded) has announced the addition of the "Expanded Polypropylene (EPP) Foam Market by Type, and by Application - Global Forecast to 2019" report to their offering.
The global expanded polypropylene (EPP) foam market (2014-2019) is estimated to reach $1,225.6 Million by 2019, registering a CAGR of 11.4% from 2014 to 2019.
EPP foam: 312.44 kilotons of market size in terms of volume by 2019 signifying a firm annualized growth rate of over 9.4%.
The global EPP foam market, along with its end products, has witnessed a significant growth for the past few years and this growth is estimated to continue in the coming years. Quality, durability, lightweight nature, and excellent energy absorbing property, an upsurge in the demand for durable foams, the demand for recyclable foams, and the upcoming safety regulations & innovative techniques developed for the use of EPP foams will be the key influencing factors for the global EPP foam market with the increased emphasis on different types and their applications.
Currently, Asia-Pacific is the largest customer of EPP foams. Among all the countries in the region, China and Japan lead the EPP foams market, with the largest share in the regional volumetric consumption of EPP foam in 2013. The EPP foam market size in terms of volume is comparatively low in the RoW region, but is estimated to register a stable CAGR from 2014 to 2019.
Almost 58.6% of the total demand of EPP foams was for the automotive segment in 2013, with packaging application as the fastest-growing end-user segment. As an end-user, automotive is the largest segment of EPP foams, primarily due to the high penetration in all the regions and the demand for lightweight foams from auto component manufacturers.
The Asia-Pacific and the European regions are the most active markets in terms of strategic initiatives, owing to their emerging and mature market demands respectively. The automotive end-user industry led this rapid growth in the EPP foams market backed by the global automotive vehicle production.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 EPP Foam Market, By Type
8 EPP Foam Market, By Application
9 EPP Foam Market, Regional Analysis
10 Competitive Landscape
11 Company Profiles
- BASF SE
- DS Smith PLC
- Dongshing Industry, Inc.
- Furukawa Electric Co., Ltd.
- HANWHA Corporation
- JSP Corporation
- Kaneka Corporation
- SSW Pearlfoam Gmbh
- The Woodbridge Group
For more information visit http://www.researchandmarkets.com/research/v84xmh/expanded