INDORE, India, November 17, 2016 /PRNewswire/ --
Expanded polypropylene (EPP) foam market is growing with a CAGR of 12% owing to increasing adoption of expanded polypropylene (EPP) foam in automotive industry across the globe. The growing environmental concerns and rising demand for light weight and fuel efficient cars is increasing the demand in the global expanded polypropylene (EPP) market. In 2015, the global vehicles production is accounted at 69 million out of which 25% of the production is contributed by the China only. Asia Pacific dominates the global market and held around 36% of revenue share in 2015. Whereas, Asia Pacific is growing significantly owing to growing concern for light weight vehicles and rising manufacturing activities in the various emerging countries such as India, China, Korea and many others.
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Remarkably Lightweight: beneficial in weight saving Application
The lightweight and eco-friendly properties of the expanded polypropylene (EPP) foam is increasing its application in various industries such as automotive, aerospace, building and construction, consumer products and packaging. The automotive industry is the largest consumer of the expanded polypropylene (EPP) foam as it is applied to make vehicles lighter, dropping system physique equal to 10 kg in seating systems. Lighter cars deplete emissions, as CO2 yield rises by 10 g/km for each 100 kg of vehicle physique and reduce fuel consumption. In 2015, around 24 million light weight vehicles were being sold in China only where as in North America around 20 million light weight vehicles were sold owing to huge concerns for pollution.
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Energy Absorption Capacity: The growth giver
The properties of expanded polypropylene (EPP) foam such as huge energy absorption capacity, thermal insulation, and chemical inertness are pushing the demand for the EPP in various applications such as automotive, consumer products, etc. The energy absorbing properties endures numerous impact deprived of damage. Its extraordinarily high strength to weight ratio and light weight make it a good choice for vehicle crash fortification components. High density expanded polypropylene is expected to grow with an eye-popping CAGR during the forecasted period due to high energy absorption and thermal insulation as compared to other foam. The high density expanded polypropylene (EPP) foam can be applied in energy captivating packaging for even the heaviest of industrial applications. Chemical inert properties are also increasing its scope as expanded polypropylene is unaffected by the exposure to greases, oil, chemicals and petroleum. Thus, the energy absorption properties of EPP is increasing the growth in the global expanded polypropylene (EPP) foam market.
About Occams Business Research & Consulting (OBRC)
Occams Business Research & Consulting has been in the business (Market Research) for the past three years. OBRC, based in India, is formed by two women analysts, Shyamal Moghe and Sathya Durga, who started the company after years of working as analysts and project managers for companies such as Frost & Sullivan, Smart Analyst etc. and have an excellent track record for the best customer satisfaction.
Shyamal Moghe (Shyamal Moghe)
Sathya Durga (Sathya Durga)
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