Polypropylene (PP) Board Market is Forecasted to Reach US$ 1.6 Billion in 2030, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global Polypropylene (PP) Board Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2024: US$ 1.2 billion

Market Size in 2030: US$ 1.6 billion

Growth (CAGR): 3.6% during 2024-2030

Leading Application Type: Packaging & Protection

Leading Thickness Type: <=10 MM

Leading Outer Skin Material Type: Polypropylene

Leading Product Type: Corrugated Sheet

Leading Region: Europe

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Polypropylene (PP) Board Market:

The global Polypropylene (PP) Board Market is segmented based by application type, thickness type, outer skin material type, product type & Region 

Based on application type: The PP Board Market is segmented into outdoor signs & displays, packaging & protections, building solutions, automotive renewable energy, and others. Packaging & Protection is expected to remain dominant whereas Renewable energy is estimated to be the fastest-growing application type during the forecast period.

PP boards are a preferred material for packaging applications owing to their impressive impact resistance. Its strength enhances the durability of containers and packaging systems, providing robust protection against impacts and ensuring the integrity of the packaged items.

Key players are adopting recirculating packaging to reduce waste, promote recycling, and minimize environmental impact.

PP board is expected to have the highest growth rate in renewable energy, owing to the growing applications of PP honeycomb panels in solar panels and wind turbines. These panels have excellent resistance to moisture, chemicals, and UV, making them robust and ideal for the prevailing harsh environmental conditions common in renewable energy like wind power equipment in areas near the coast and solar panels in extremely exposed places.

Based on thickness type: The market is segmented into <=10 MM, 11-20 MM, and >20 MM. <=10 MM is expected to remain the dominant and fastest-growing thickness type during the forecast period.

Key advantages of <=10 MM this thickness type include lightweight, flexibility, ease of cutting and fabricating, and cost-effectiveness.

The thickness range of the Bubble and Corrugated Sheet is 2 MM to 10 MM. PP Honeycomb's thickness ranges from 3MM to 30 MM. However, the preferred thickness for honeycomb is also <=10 MM, making this the dominant and fastest-growing thickness in the market.

Based on outer skin material type: The market is segmented into PP and others. PP is estimated to remain the predominant material used for the outer skin material, mainly due to Bubble Sheets and corrugated sheets composed entirely of 100% PP.

PP is widely adopted in various industries for its versatility and cost-effectiveness.

Based on product type: The market is segmented into bubble sheets, honeycomb, and corrugated sheets. Corrugated sheets are projected to continue maintaining their dominance as they are extensively adopted across various industries, including automotive, construction, packaging, and other industries.

Corrugated sheets combine lightweight construction with enhanced strength and rigidity, making them a versatile and cost-effective solution for a wide range of industrial and commercial applications.

Honeycomb is expected to experience rapid growth, particularly in renewable energy (solar panels and wind turbines) in the foreseeable future.

To know the most attractive segments, click here for a free sample of the report:

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 Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Europe is expected to remain the largest market for PP Board, whereas Asia-Pacific is estimated to be the fastest-growing during the forecast period. This growth outlook is majorly attributed to the following–

• The market for PP boards is dominated by Europe due to the presence of many key players and the higher demand for PP products. Europe is highly inclined towards sustainability and PP being the recyclable material makes it the preferred material in this region.
• Asia-Pacific is anticipated to emerge as the fastest-growing region, due to the presence of many key players and manufacturing hubs for various industries including automotive, construction, and renewable energy. The focus on manufacturing activities drives the demand for lightweight and durable PP boards in this region.
• China, Japan, and India are key countries in this region, with China notably holding the dominant market share.

Polypropylene (PP) Board Market Drivers:

PP boards are extensively adopted across various industries, including automotive, construction, packaging, renewable energy, and other industries due to their lightweight, and enhanced strength and rigidity.

• The unique structure provides additional strength and rigidity to the panel. PP boards combine lightweight construction with enhanced strength and rigidity, making them a versatile and cost-effective solution for a wide range of industrial and commercial applications.
• PP boards are also widely used to create reusable shipping containers, pallets, and other logistics solutions.
• In the foreseeable period, their applications are anticipated to grow significantly in renewable energy (solar panels and wind turbines).
• Additionally, PP is recyclable; hence, PP boards are environmentally friendly as compared to other materials. Their durability allows them to endure repeated use, while their lightweight nature helps lower shipping costs, all these factors are driving the market's growth.

Top 10 Companies in the Polypropylene (PP) Board Market:

Stratview Research has identified the following companies as the top market players:

·      Inteplast Group

·      Primex Plastics Corporation

·      Karton S.p.A.

·      Corplex

·      Beaulieu International Group (Distriplast)

·      Ondaplast S.p.A.

·      Polyreflex Hi-Tech Co., Ltd.

·      RENOLIT SE

·      Ardenplast

·      Industrial Plastics Belgium

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the data center liquid cooling market, answering critical questions like

-       How big is the sales opportunity?

-       Which regions offer the best sales opportunities?

-       Which are the most attractive market segments?

-       Which are the top players and their market positioning?

-       How complex is the business environment?

-       What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

·      Polypropylene (PP) Honeycomb Market 

·       Polypropylene (PP) Bubble Sheets Market 

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Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

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