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Showing posts with the label Expanded Polypropylene Foam Market 2028

Expanded Polypropylene Foam Market To Expand Industry Growth At USD 1.56 Billion By 2028

  San Francisco, 29 April 2021:   The Report  Expanded Polypropylene Foam Market  Size, Share & Trends Analysis Report By Product (Low-, Medium-, High-density), By End-use (Automotive, Appliances), By Region (APAC, Europe), And Segment Forecasts, 2021 - 2028 The global expanded polypropylene foam market size is expected to reach USD 1.56 billion by 2028, registering a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Rapid expansion of the global automotive industry in recent years has been the major growth-driving factor for the market. The product is widely used in the automotive industry; for instance, in the production of floor, door, and hood panels, primarily for noise and thermal insulation in passenger and commercial cars. The considerable growth of the automotive industry in Germany, China, and India is expected to drive product demand over the projected period. Furthermore, the increasing scope of product application in the cons