Dallas, TX -- (SBWIRE) -- 02/14/2014 -- The report covers the important global polypropylene foams markets, including expanded polypropylene and extruded polypropylene foams. It further divides the market on the basis of types, as low density and high density polypropylene foams; applications, and geography. The market data for these types is given with respect to volume (kilotons) and value ($million). The market value of polypropylene foams was estimated to be $1,019.9 million in 2012 and is projected to grow with a CAGR of about 8.4% from 2013 to 2018. The data mentioned in the report are based on the overall demand for the polypropylene foams.
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The total market for global polypropylene foams has been analyzed based on the Porter’s five forces model. This gives an idea about the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to polypropylene foams’ raw materials, manufacturers, and end uses. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players which are contributing to the global polypropylene foams industry.
The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as stringent environmental regulations, growing purchasing power and greater economic growth in developing countries, growth in end-user industries, increasing investment in infrastructure; and restraints such as availability and cost of specialized raw materials needed for specific polypropylene foams. The economic slowdown in Europe and U.S. also affected the economy of other developed countries, which are of key importance for the commercial success of new materials and its end-user market.
The global polypropylene foams market is also classified based on different applications. The important applications include automotive, packaging, consumer products, and others. The automotive and packaging segments are expected to show rapid growth in the future.
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The key companies in this market are Armacell (U.S.), BASF (Germany), Borealis AG (Austria), SSW PearlFoam GmbH (Germany), JSP Corporation (Japan), Kaneka (Belgium), NMC Group (Belgium), Pregis (U.S.), Sekisui Alveo (Switzerland), etc. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serve the customers more effectively. Investments in R&D, followed by expansions were the most preferred strategies by the top players in the year 2012 which is driving the demand of polypropylene foams. Their strategy to capture the market in developing economies includes expansions and agreements.
The Asia-Pacific region emerged to be the driving factor for this market, contributing to more than 38% of the global demand in terms of consumption. China is the leading country in the consumption of polypropylene foams, due to the increased demand from the automotive and packaging industries. The important emerging economies such as Brazil, India, Russia, etc. are further lined up for the brighter future in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading polypropylene foams companies in the past few years. Furthermore, different polypropylene foams market participants are also profiled in the report.
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