Polypropylene Foam Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2020–2028
Rising utilization of polypropylene foam in the automotive industry is a significant factor driving revenue growth of the polypropylene foam market Market Size – USD 1.31 Billion in 2020, Market Growth – at a CAGR of 6.0%, Market Trends – Advancements in the Polypropylene Foam The global Polypropylene Foam Market size is expected to reach USD 2.07 Billion in 2028 and register a CAGR of 6.0% over the forecast period, according to the latest report by Reports and Data. Rapid global polypropylene foam market revenue growth can be attributed to increasing utilization of polypropylene foam in the automotive industry owing to flexibility and lightweight properties. The excellent energy absorption and high strength properties of polypropylene foams is contributing to growing demand in the automotive industry. Expanded polypropylene foam in the automotive industry is due to enhance fuel consumption and reduce overall weight of vehicles. Increasing adoption of recyclabl...