PP foams market worth $1.9 billion by 2018

Source：MarketsandMarkets Release Date：2014-05-27 157

Plastics & Rubber

Polypropylene foams market projected to grow by 11.4% annually from 2013 – 2018

THE Asia-Pacific region is expected to dominate the polypropylene foams in different applications, especially the automotive and packaging segments. In the latest report by MarketsandMarkets on this sector, the Asia-Pacific and European markets are estimated to show a rising growth in the next five years.

The current worth of the global polypropylene foams market (2012) is $1 billion and is estimated to reach $1.9 billion by 2018, growing at 11.4% from 2013 to 2018. The high demand across the industries, such as packaging, bedding & furniture, building & construction, and automotive will increase the overall polypropylene foams consumption.

R&D is a key part of this market, the report says, as manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of polypropylene foams to match the new demands coming from various end-user industries. PP foams are dominant among all the competitive foams available, in terms of consumption and revenue, reasoned by its optimal cost to performance factor.

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