According to a market report by Lucintel, the future of the global closed cell EPP foam market looks promising with opportunities in the automotive, packaging, and consumer products markets. The global closed cell EPP foam market is expected to grow with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are the growing preference for packaging materials resistant to chemicals and water, and the expanding versatility of the product.
A more than 150-page report to understand trends, opportunity and forecast in closed cell EPP foam market to 2030 by type (low-density and high-density), application (automotive, packaging, consumer products, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, high-density will remain a larger segment over the forecast period due to growing demand for lightweight materials.
Within the application category, automotive will remain a larger segment due to growing demand for electric vehicles.
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In terms of regions, APAC will remain the largest region over the forecast period due to growing demand for high-quality products.
BASF, JSP, Hanwha Advanced Materials, BEWI, Sonoco Products, Engineered Foam Products, Kaneka, Furukawa Electric, Chemische Fabrik Budenheim, Yanfeng Woodbridge Lightweight Composites are the major suppliers in the closed cell EPP foam market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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