Industry News

Global Polypropylene Foams Market to Grow at a CAGR of 11.36% from 2013-2018: TechNavio

Published on 2014-08-29. Author : SpecialChem

LONDON -- TechNavio, the independent tech-focused global research firm, has published a report on the Global Polypropylene Foams Market 2014-2018, which is expected to grow at a CAGR of 11.36 percent during the period 2013-2018.

Polypropylene foams are engineering plastic materials with unique material properties such as energy absorption, structural strength, thermal insulation, acoustical properties, and chemical inertia; these are recyclable and lightweight in nature. The exclusive properties of this material make it an appropriate material for lightweight, energy management, thermal insulation, and cushioning applications across various industries. Some of the major end-users of polypropylene foams include the Automotive, Packaging, and Consumer Products industries.

"An emerging trend in the Global Polypropylene Foams market is an initiative by the key vendors to develop bio-based polypropylene," says Faisal Ghaus, Vice President of TechNavio.

"The development of bio-based polypropylene will have a significant impact on the Global Polypropylene Foams market as polypropylene foams are derived from propylene."

Key Market Drivers

  • Growing Demand from End-users
  • Demand for Lightweight and High-performance Foams
  • Vendors Striving for Perfection in End-products

Key Market Trends

  • Development of Bio-based Polypropylene Foams
  • Increased Investment in Infrastructure and R&D
  • Growing M&A

Key Market Vendors

  • Borealis AG
  • JSP Corp.
  • Kaneka Corp.
  • Sekisui Alveo AG

To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

About TechNavio

TechNavio is among the leading technology research and advisory companies with a global coverage. It focuses on emerging technology trends that can shape the market. It identifies and explains these trends to customers to help them make better decisions.

TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. It builds forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help customers identify new and existing opportunities in their markets. It also helps customers assess their competitive position in a changing market scenario.

Source: TechNavio

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