Polypropylene Foams Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Polypropylene Foams Market is segmented By Product (Expanded Polypropylene Foams, Extruded Polypropylene Foams), By End-use (Automotive, Packaging, Co....
Polypropylene Foams Market Size
Market Size in USD
CAGR6.3%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 6.3% |
| Market Concentration | Medium |
| Major Players | BASF SE, Kaneka Corporation, Hanwha Corporation, Mitsui Chemicals, Inc., Borealis AG |
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Polypropylene Foams Market Analysis
The Global Polypropylene Foams Market is estimated to be valued at USD 2.2 Bn in 2024 and is expected to reach USD 4.9 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031. Polypropylene foams find wide applications in automotive, packaging, building & construction, furniture & bedding and other industries. Rising demand from end use industries along with growth in construction activities is expected to drive the market during the forecast period.
The market is expected to witness significant growth over the forecast period. Growing automotive production along with increasing penetration of polypropylene foams as an insulation material is expected to support the market growth. Moreover, growing need for shockproof and lightweight packaging solutions is further expected to augment the demand in packaging industry. Rapid urbanization along with increasing investments in commercial and residential construction projects especially in emerging economies will also contribute to the growth of polypropylene foams market during the forecast period.