Global Market Insights, Inc. adds a new Polypropylene Foams Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
Polypropylene Foams Market size by the end of the estimated timeframe is anticipated to gain substantially, with a moderate CAGR. The demand for polypropylene foams is increasing rapidly worldwide because of its better performance compared to the other foams in the market. It is a thermoplastic polymer which has high molecular weight and is synthetic.
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The polypropylene foam has a rising demand in the emerging markets and is expected to drive the market in the next few years as it is sustainable and eco-friendly. It ideal performance, durability and light weight is helping it gain popularity in the market and also an advantage over the other foams. Furthermore, it is also recyclable and reusable.
The high price of polypropylene foams and its low awareness in the market are the major restraining factors that can hamper its future market growth. Also, fluctuation in the prices of raw materials and the rising environmental awareness issues might end up hampering the demand for polypropylene in the near future. This is because the primary feedstocks required for the manufacture of polypropylene foam are crude oil and natural gas. The basic raw materials used in the manufacture of propylene which is a monomer of polypropylene are ethylene and naphtha. Therefore, the prices of natural gas and crude oil have a direct impact on the price of polypropylene. Shift on the road to developing bio-based polypropylene is estimated to open new paths for this market.
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The prominent players competing in polypropylene foams market are The Woodbridge Group, Hanwha Corporation, Synbra Holding bv, SSW PearlFoam GmbH, Sonoco Products Company, Sekisui Alveo AG, Pregis Corporation, Mitsui Chemicals, Inc., K. K. Nag Ltd., Kaneka Corporation, JSP, Furukawa Electric Co., Ltd., DS Smith Plc, Borealis AG and BASF SE to name some.
The main industry participants that make investments for persistent technological improvements are further projected to enhance the polypropylene foams market globally.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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