North America Expanded Polypropylene Foam Industry Insights

The North America expanded polypropylene foam market size was valued at USD 148.37 million in 2019 and is expected to witness significant growth in the years to come. Recent developments in the automobile and packaging sectors are likely to drive the demand for the expanded polypropylene foam in these application segments.


Increasing use of environment-friendly and energy saving products is also expected to positively influence the expanded polypropylene (EPP) foam market growth in North America. High automotive and consumer goods manufacturing activities in North America have contributed to the growing demand in the past few years.



Furthermore, presence of key players in North America is expected to bolster the growth of the expanded polypropylene foam market. Rising utilization of noise and vibration insulation solutions in automotive applications, consumer goods, and appliances is anticipated to compel the manufacturers in North America to opt for backward integration in the value chain over the coming years.


Greater participation in the value chain is likely to result in time reduction for transforming raw materials into finished products and in gaining cost advantage. Insulation manufacturers are expanding their production capacity and infrastructure with an aim to cater to the growing demand for expanded polypropylene foam in North America.


Moreover, many of the expanded polypropylene foam manufacturing companies in America are taking up strategies, such as acquisition and partnership, for procuring raw materials. Mergers and joint ventures are an integral part of the North America expanded polypropylene foam market and they allow companies to expand their market position.

 

Source: https://www.grandviewresearch.com/industry-analysis/north-america-expanded-polypropylene-foam-market