#Extruded Polypropylene (XPP) Foam Market Forecast

[researchexpert]

Extruded Polypropylene (XPP) Foam Market Foreseen to Grow Exponentially by 2023

Extruded Polypropylene (XPP) Foam Market Foreseen to Grow Exponentially by 2023

The XPP foam market is projected to grow from USD 751.0 million in 2018 to USD 1,048.8 million by 2023, at a CAGR of 6.9% between 2018 and 2023. APAC is estimated to be the largest consumer of XPP foam in 2018. Browse 58 market data Tables and 38 Figures spread through 119 Pages and in-depth TOC on “Extruded Polypropylene (XPP) Foam Market by Type (Low-Density, High-Density), End-use Industry…

[stratviewresearch]

Polypropylene Foams Market to Witness an Outstanding Growth by 2022 – 2028

Stratview Research has published a new report on the Polypropylene Foams Market after a thorough analysis of the market. The key sources of information gathered for the report include various industry experts, suppliers, manufacturers, associations along with business distributions. The research report determines unique benefits of the various market size, share and the patent industry.

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The objective of the Polypropylene Foams Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.

In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Polypropylene Foams Market.

Market Insights – The Polypropylene Foams Marketis projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.

Few key players operating in the Polypropylene Foams Market are-

BASF SE

Kaneka Corporation

Hanwha Corporation

Mitsui Chemicals, Inc.

Borealis AG

Furukawa Electric Co., Ltd.

Sonoco Products Company

DS Smith PLC.

K. K. NAG Ltd.

Pregis Corporation

Growth drivers and Market Value:

This report, from Stratview Research, studies the Polypropylene Foams Market value and growth drivers over the trend period of 2022-27. According to the report -

Polypropylene foams market is likely to witness an impressive CAGR of 7.2% during the forecast period. The rising demand for lightweight automobiles is the prime factor that is bolstering the growth of the global polypropylene foams market. Further, the growing claim from various end-use industries in the industrialized and emerging economies has prompted the evolution of the polypropylene foams market.

Segment Analysis:

Based on Type:

Based on the type, the market is segmented as expanded polypropylene (EPP) foams, extruded polypropylene (XPP) foams, and type (Density Basis). Expanded polypropylene (EPP) foam is presently governing the market. However, extruded polypropylene (XPP) foam is estimated to be the fastest-growing segment during the forecast period, and is chosen by several key end-use industries for various applications, owing to its premium performance properties, such as lightweight, elevated impact resistance, water & moisture confrontation, and shape withholding property.

Based on Region:

In terms of regions, Asia-Pacific is estimated to depict the maximum growth in the polypropylene foams market, in terms of value and volume, during the forecast period. In current years, the claim from packaging applications and automotive sectors has grown in the region, owing to rising population and increasing disposable income, which in turn, is driving the polypropylene foams market in the region. Polypropylene foams are dominating the market as they are absolutely recyclable. With their remarkable characteristics, polypropylene foams qualify for CO2 emissions reduction. Driven by their superior mechanical properties, polypropylene foams can be employed time and again for many years, even under severe environmental circumstances. The robust call for high-end polypropylene foams in automotive industries from developing countries and convalescing developed nations is anticipated to bolster the growth of this market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.

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Critical Questions Answered in the Report

What are the key trends in the global Polypropylene Foams Market?

How the Polypropylene Foams Market (and its various sub-segments) has grown in the last five years?

What would be the growth driver and growth rate in next five years?

What is the impact of COVID-19 on the Polypropylene Foams Market?

What are the key strategies adopted by the major vendors to lead in the Polypropylene Foams Market?

What is the market share of the key players?

Target Audience

The following is a list of the customers that the Polypropylene Foams Market aims to convert the most:

Manufacturing Organizations

Distributors & Suppliers

Potential Investors

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, or to cover analysis on any particular geography or segment, please send your inquiry at sales@stratviewresearch.com or +1-313-307-4176.

What we do –Stratview Research is a growing market research firm. Experts here illustrate innovative, descriptive, and comprehensive insights through market research to satisfy your individual and organizational objectives. We assist the users to make well-informed, profound and favourable decisions to comprehend the advantages of forthcoming trends, developments, assessments, and opportunities through our precise understanding of the market.

[dbmrmarketnews]

Polypropylene foams market size is valued at USD 1.85 billion by 2028 and is expected to grow at a compound annual growth rate of 5.90% for the forecast period of 2021 to 2028.

[shinynerdlover]

Extruded Polypropylene (XPP) Foam Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2031

Extruded Polypropylene (XPP) Foam Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2031

Extruded Polypropylene (XPP) Foam Market: Introduction Expanded polypropylene (XPP) is a closed-cell bead foam that possess unique properties such as multiple impact resistance, thermal insulation, water and chemical resistance, high strength, and recyclability. As name indicates, extruded polypropylene foam is manufactured by extruding a mixture of a physical blowing agent, polypropylene resin,…

[researge]

Global Polypropylene Foams Market Study, 2015-2030

Analysis of the POLYPROPYLENE FOAMS MARKET

A comprehensive market study on the POLYPROPYLENE FOAMS MARKET Market provides an overview of the demand-supply and consumption patterns of Polypropylene Foams Market across six different regions. This market study describes the Polypropylene Foams Market Market, with focus on major countries and their subsequent demand for different segments. This report on the global Polypropylene Foams Market market offers a complete overview of various factors impacting positively or negatively on the overall growth of the Keyword market.

Distinct market estimations and forecasts are presented in this comprehensive Polypropylene Foams Market market study. Various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, magazine articles, world economic outlook, and databases have been referred to identify and collect information useful for this extensive commercial study of Polypropylene Foams Market. Moreover, both micro-economic and macro-economic factors have been considered to arrive at growth rate and size estimation in the short and long-term forecast. Prismane Consulting supplements this with primary research. The primary sources are experts from related industries and suppliers. For market forecast, and production / plant operating rates, we assume numerous reasons that drive production including new production capacity is brought on-stream, Planned, and unplanned outages of existing capacities and Subdued demand from end-use applications.

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The current COVID-19 pandemic is causing high and rising human costs worldwide. Isolation, nationwide lockdowns, and widespread closures to stop the spread of the virus have severely impacted the economy. As a result, the global economy declined by an around of -3.5% in 2020, much worse and below the 2008-2009 subprime mortgage crisis. The global economy has grown between 5% and 6% in 2021 and 2022 due to the normalization brought in the regional economic activities on back of the fading COVID-19 pandemic and stability in the crude oil prices. The economic activities have been aided by the new policies surrounding financial, agricultural, industrial, and manufacturing sector. The report on Polypropylene Foams Market Market studies and outlines the impact of COVID-19 and presents the forecasts for the short, mid and long-term. The report also covers Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, End-use Industry / Applications Market, Reasoning & Analysis, Insightful Commentary, Market Review, Comparative Analysis, Latest Trends and market developments, Key players, Strategic Issues and Recommendations, Business Opportunity Assessment and much more.

Global Polypropylene Foams Demand Analysis By Type, By Application,

(Volume, Value) (2015–2030)

Strategic Issues

Demand Analysis and Forecast (2015 – 2030)

Demand

Demand Growth Rate (%)

Driving Force Analysis

Global Polypropylene Foam Market, By Type

Expanded Polypropylene (EPP) Foams

Extruded Polypropylene (XPP) Foams

Global Polypropylene Foam Market, By Application

Packaging

Automotive

Consumer Products

Others

Why Prismane Consulting?

Chemical Sciences, Engineering, Oil & Gas, Finance, Economics and Business backgrounds

Real-world industry, consulting, and market research experience

Average work experience of 10+ years

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About Prismane Consulting

Prismane Consulting is a unique global boutique consulting firm with an Indian origin. We present ourselves to the world outside providing management, economic and technical expertise to improve customer engagement, boost operational efficiency, reduce costs, and achieve superior business results. Prismane Consulting serves leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We have been advising clients on their key strategic issues solving their toughest and most critical business problems. To know more write to us on info@prismaneconsulting.com

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Global Extruded Polypropylene (XPP) Foam Industry 2019 Market Research Report Key Trends, Size, Shares, Forecast and Opportunities

Global Extruded Polypropylene (XPP) Foam Industry 2019 Market Research Report Key Trends, Size, Shares, Forecast and Opportunities

Global Extruded Polypropylene (XPP) Foam Market Report

The market research study on the worldwide Global Extruded Polypropylene (XPP) Foam Marketwill incorporate the whole ecosystem of the business, covering significant regions specifically North America, Asia Pacific, Europe, Latin America and Middle East and Africa, and the significant countries falling under those regions. The study will…

[abhijeetw]

Polypropylene Foams Market worth 1.27 Billion USD by 2021

The report "Polypropylene Foams Market by Type (EPP, XPP), Application (Automotive, Packaging, Consumer Products), Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2021", The global polypropylene foams market is projected to reach USD 1.27 Billion by 2021, at a CAGR of 5.78% from 2016 to 2021.

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Browse 103 market data tables and 20 figures spread through 180 pages and in-depth TOC on “Polypropylene Foams Market by Type (EPP, XPP), Application (Automotive, Packaging, Consumer Products), Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2021”

Automotive: The leading application segment in the polypropylene foams market

Automotive is the largest application segment in the polypropylene foams market, where polypropylene foams are majorly used in the side impact, under carpet, child seat, console box, tool boxes, shock absorbers, trunk liners, crash protection, head rest, head liners, car interiors, and sun visors. Vehicles need light weight foams to enable reduction in fuel consumption and provide greater mileage. The increasing demand for PP foams in the automotive sector is driven by the growing global vehicle production. PP foams are mainly used in high-end & luxury vehicles. The growing demand for automobiles is expected to enhance the demand for PP foam products, globally. The automobile industry demands highly durable and light weight foams since enhancing fuel efficiency of a vehicle is one of the most important requirements in automotive manufacturing.

Extruded Polypropylene (XPP) Foams: The fastest-growing type in the polypropylene foams market

Extruded polypropylene (XPP) foam is projected to be the fastest-growing type in the polypropylene foams market. Extruded polypropylene foams have superior performance characteristics such as, high impact resistance, light weight, water & moisture resistance, and shape retention property, due to which it is ideal for many performance driven applications. The demand for these foams is also driven by the increasing acceptance of XPP foam in the packaging application segment, globally. Due to high heat stability, superior chemical resistance, the demand for XPP foams has been increasing very rapidly since the last two years in the food packaging sector. Also, in 2015, the growth of the automotive industry in the BRICS countries was 8.0%-9.0%, due to which the consumption of XPP foams across the BRICS countries is expected to grow during the next five years.

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Key Market Players -

In the polypropylene foams value chain, the design and prototype phase is carried out according to end-user specifications and needs. The specifications and properties change with the change in the application industry. The raw material for polypropylene foams is the base material, propylene. This base material is used to manufacture polypropylene, and polypropylene resin. These resins are used by foam manufacturers such as, BASF SE (Germany), Borealis AG (Austria), DS Smith Plc (U.K.), Furukawa Electric Co., Ltd. (Japan), JSP (Japan), Kaneka Corporation (Japan), K. K. Nag Ltd. (India), Mitsui Chemicals, Inc. (Japan), Pregis Corporation (U.S.), Sekisui Alveo AG (Switzerland), Sonoco Products Company (U.S.), SSW PearlFoam GmbH (Germany), Synbra Holding bv (Netherlands), Hanwha Corporation (South Korea), and The Woodbridge Group (Canada) to manufacture products for end-user industries, such as automotive, packaging, consumer products, and others. The value chain includes the manufacture of polypropylene foams and the delivery of products to end-users.

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Extruded Polypropylene Foam Market Competitive Dynamics & Global Outlook 2026

Expanded polypropylene (XPP) is a closed-cell bead foam that possess unique properties such as multiple impact resistance, thermal insulation, water and chemical resistance, high strength, and recyclability. As name indicates, extruded polypropylene foam is manufactured by extruding a mixture of a physical blowing agent, polypropylene resin, with high melting strength and elasticity and nucleating agent.

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The global extruded polypropylene (XPP) foam market can be segmented based on density type and end-user industry type. Based on density type, the global extruded polypropylene (XPP) foam market can be segregated into high density and low density. Among these types, the low density segment is estimated to dominate the global extruded polypropylene (XPP) foam market during the forecast period. Low density extruded polypropylene foams are increasingly being utilized in major end-user industries such as automotive, packaging, and insulation. In packaging, low density extruded polypropylene is employed in food packaging and other protective packaging. This is a major factor that is anticipated to propel the demand for extruded polypropylene foam during the forecast period. Based on end-user industry, the global extruded polypropylene (XPP) foam market can be classified into building & construction, automotive, packaging, and others.

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The automotive segment is anticipated to dominate the global extruded polypropylene (XPP) foam market during the forecast period. In the automotive industry, extruded polypropylene foams are utilized for lightweight parts, especially for door liners and bumpers. Rise in production of lightweight parts in order to improve the efficiency of the vehicle is a major factor that is expected to boost the demand for extruded polypropylene (XPP) foam in the automotive industry. In the building & construction industry, extruded polypropylene (XPP) foam are employed in interior works and housing. Demand for extruded polypropylene (XPP) foam in the automotive industry is expected to rise at a significant growth rate during the forecast period.

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Based on region, the global extruded polypropylene (XPP) foam market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume and value, Asia Pacific is expected to dominate the global extruded polypropylene (XPP) foam market during forecast period. Asia Pacific is a prominent automotive hub. Furthermore, it is a densely populated region and hence, the region witnesses a consistent rise in demand for building & construction. Rise in automotive demand coupled with increase in building & construction activities is a major driver that is anticipated to propel the demand for extruded polypropylene foam in the region in the near future. In Asia Pacific, India and China were the two major countries that contributed to a majority share of the global extruded polypropylene (XPP) foam market in Asia Pacific. Extruded polypropylene foam Companies are planning to establish their facility in this region in order to cater to the increase in demand for extruded polypropylene foam for various end-user industries applications. After Asia Pacific, Europe is expected to be major region, followed by North America. The global extruded polypropylene (XPP) foam market in other regions, such as Latin America and Middle East & Africa, is expected to expand at a sluggish pace during the forecast period.

Extruded Polypropylene (XPP) Foam Market: Key Players

Large number of companies operate in the global extruded polypropylene (XPP) foam market. Prominent manufacturers in the extruded polypropylene (XPP) foam include JSP, Toray industries, BASF SE, Borealis, Mitsui Chemicals, DS Smith Plc, and SSW PearlFoam GmbH. Companies are focusing on innovation and strategic expansion in order to sustain in the intense competition. Toray and Borealis are planning to establish polypropylene manufacturing facilities in India and the U.S., respectively.

[steve-daniel]

Polypropylene Foams Market Share, Growth, Trends and Forecast to 2025 : Market Growth Insight

“The recent research, Polypropylene Foams Market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2025. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Polypropylene Foams market ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.

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Scope of the Report: 

The market intelligence report offers a clear sense of different consumer groups and their needs to help product owners meet the requirements and generate riches and profitability. Apart from this, the report aims at outlining whom the business owners operating in the Polypropylene Foams market should not target and also what are the main alternatives and competitive offerings are. Defining the major challenges and problems remains the key focus of the study. Problem definition covered in the report provides a systematic approach to recent investments and makes product marketing both easier and effective.

In addition, the research is divided into different categories dealing with the various aspects of the market. It assesses both the present and future situation by using the forecast horizon. The forecast analysis was based on the volume and revenue of the Polypropylene Foams Maker market. The analysis tools used in conducting the research include the Porter’s five forces analysis and SWOT analysis.

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The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market.

The key players covered in this report: 

• The major manufacturers covered in this report JSP BASF SE Kaneka HANWHA CORPORATION MITSUI CHEMICALS BOREALIS AG FURUKAWA ELECTRIC SONOCO PRODUCTS COMPANY DS SMITH PLC K. K. NAG LTD. PREGIS CORPORATION SEKISUI ALVEO AG SSW PEARLFOAM GMBH SYNBRA HOLDING BV THE WOODBRIDGE GROUP

• Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North America Europe China Japan Southeast Asia India

• On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Expanded Polypropylene (Epp) Foams Extruded Polypropylene (Xpp) Foams

• On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Car Packaging Consumer Goods Other

• Key Stakeholders Polypropylene Foams Manufacturers Polypropylene Foams Distributors/Traders/Wholesalers Polypropylene Foams Subcomponent Manufacturers Industry Association Downstream Vendors

This report studies the global Polypropylene Foams market status and forecast, categorizes the global Polypropylene Foams market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).

A thorough evaluation of the key driving forces proves beneficial in understanding the manner in which major vendors communicate with their current prospects and existing customers. Detailed data on the restraining factors aid companies and individual lowering the risks. It does so by revealing which opportunities will result in generating more profits.

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The research provides answers to the following key questions:

What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2025? What will be the share and the growth rate of the Polypropylene Foams market during the forecast period?

What are the future prospects for the Polypropylene Foams industry in the coming years?

Which trends are likely to contribute to the development rate of the industry during the forecast period, 2019 to 2025?

What are the future prospects of the Polypropylene Foams industry for the forecast period, 2019 to 2025?

Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?

What are the major factors responsible for the growth of the market across the different regions?

What are the challenges faced by the companies operating in the Polypropylene Foams market?

About us : Market Growth Insight, is a one stop solution for market research reports in various business categories. We are serving 100+ clients with 10000+ diverse industry reports and our reports are developed to simplify strategic decision making, on the basis of comprehensive and in-depth significant information, established through wide ranging analysis and latest industry trends. Contact us : 502, Sai Radhe, Kenedy Road, Behind Hotel Sheraton Grand, Near Pune Station, Pune-411001, sales@marketgrowthinsight.com + 91 8956 049 020

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[researchexpert]

Emerging Trends in Extruded Polypropylene (XPP) Foam Market

The XPP foam market is projected to grow from USD 751.0 million in 2018 to USD 1,048.8 million by 2023, at a CAGR of 6.9% between 2018 and 2023. APAC is estimated to be the largest consumer of XPP foam in 2018. The demand for XPP foam is mainly driven by its properties such as recyclability and eco-friendliness in comparison to other competitive foams, such as PU and PE, and high functional characteristics such as high stiffness, chemical resistance, heat stability, impact resistance, light weight, and good sound insulation. The market has high growth potential in APAC, the Middle East & Africa, and South America, as the demand for XPP foams from the automotive industry is expected to increase rapidly in these regions during the forecast period.

Some of the major players in the XPP foam market include Borealis (Austria), Mitsui Chemicals (Japan), BASF (Germany), Sekisui Voltek (US), Sonoco Products (US), DS Smith Plc (UK), NMC SA (Belgium), Pregis LLC (US), and Zotefoams Plc (UK). Investment & expansion is the key strategy adopted by the market players to achieve growth in the XPP foam market. This strategy accounted for the largest share of all the strategies adopted by the market players to expand their global presence and increase their share in the XPP foam market between 2015 and 2018.

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For instance, Toray Industries has acquired a plot measuring about 350,000 m2 at Andhra Pradesh, India, for its local subsidiary Toray Industries (India) Private Limited. The company has decided to establish a new base for its polypropylene (PP) spunbond for hygiene materials, whose market is expected to expand along with the increasing demand for disposable diapers.

The new facility will have an annual production capacity of about 18,000 tons and is scheduled to start operations in April 2020. The expansion will help cater to the growing demand from manufacturing industries such as automotive, home electric appliances, chemicals, pharmaceuticals, and construction machinery. Beside investment & expansion, the companies adopted merger & acquisition, new product launch, and partnership & collaboration to expand their market share and distribution network. These strategies also accounted for a significant share in the total number of growth strategies adopted by the players in the global XPP foam market between 2015 and 2018.

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Based on type, the low-density type segment is estimated to account for the largest share of the XPP foam market in 2018. The low-density XPP foam market growth is driven by the increasing demand from automotive, protective packaging, and insulation applications. The automotive industry dominates the consumption of low-density XPP foam. The use of low-density XPP foam in automotive applications helps in impact protection and weight reduction of vehicles.

Based on end-use industry, the automotive segment is estimated to account for the largest share of the XPP foam market in 2018. XPP foam is highly demanded in automotive and packaging end-use industries. The automotive end-use industry dominates the overall XPP foam market. XPP foam is widely used in bumpers, floor acoustic barriers, sun visors, side door panels as energy absorbers, headliners, and so on. It is becoming a preferred choice in the automotive end-use industry as it offers high impact strength while enabling weight reduction to increase the fuel efficiency.

Read more @ https://www.prnewswire.com/in/news-releases/extruded-polypropylene-xpp-foam-market-worth-10488-million-by-2023-691985131.html

[cmfelatestarticle]

Extruded Polypropylene (XPP) Foam Market to Undertake Strapping Growth During 2024

Expanded polypropylene (XPP) is a closed-cell bead foam that possess unique properties such as multiple impact resistance, thermal insulation, water and chemical resistance, high strength, and recyclability. As name indicates, extruded polypropylene foam is manufactured by extruding a mixture of a physical blowing agent, polypropylene resin, with high melting strength and elasticity and nucleating agent.

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https://www.transparencymarketresearch.com/extruded-polypropylene-foam-market.html

Extruded Polypropylene (XPP) Foam Market: Segmentation

The global extruded polypropylene (XPP) foam market can be segmented based on density type and end-user industry type. Based on density type, the global extruded polypropylene (XPP) foam market can be segregated into high density and low density. Among these types, the low density segment is estimated to dominate the global extruded polypropylene (XPP) foam market during the forecast period. Low density extruded polypropylene foams are increasingly being utilized in major end-user industries such as automotive, packaging, and insulation. In packaging, low density extruded polypropylene is employed in food packaging and other protective packaging. This is a major factor that is anticipated to propel the demand for extruded polypropylene foam during the forecast period.

Based on end-user industry, the global extruded polypropylene (XPP) foam market can be classified into building & construction, automotive, packaging, and others. The automotive segment is anticipated to dominate the global extruded polypropylene (XPP) foam market during the forecast period. In the automotive industry, extruded polypropylene foams are utilized for lightweight parts, especially for door liners and bumpers. Rise in production of lightweight parts in order to improve the efficiency of the vehicle is a major factor that is expected to boost the demand for extruded polypropylene (XPP) foam in the automotive industry. In the building & construction industry, extruded polypropylene (XPP) foam are employed in interior works and housing. Demand for extruded polypropylene (XPP) foam in the automotive industry is expected to rise at a significant growth rate during the forecast period.

Extruded Polypropylene (XPP) Foam Market: Region-wise Outlook

Based on region, the global extruded polypropylene (XPP) foam market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume and value, Asia Pacific is expected to dominate the global extruded polypropylene (XPP) foam market during forecast period. Asia Pacific is a prominent automotive hub. Furthermore, it is a densely populated region and hence, the region witnesses a consistent rise in demand for building & construction. Rise in automotive demand coupled with increase in building & construction activities is a major driver that is anticipated to propel the demand for extruded polypropylene foam in the region in the near future.

In Asia Pacific, India and China were the two major countries that contributed to a majority share of the global extruded polypropylene (XPP) foam market in Asia Pacific. Extruded polypropylene foam Companies are planning to establish their facility in this region in order to cater to the increase in demand for extruded polypropylene foam for various end-user industries applications. After Asia Pacific, Europe is expected to be major region, followed by North America. The global extruded polypropylene (XPP) foam market in other regions, such as Latin America and Middle East & Africa, is expected to expand at a sluggish pace during the forecast period.

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Extruded Polypropylene (XPP) Foam Market: Key Players

Large number of companies operate in the global extruded polypropylene (XPP) foam market. Prominent manufacturers in the extruded polypropylene (XPP) foam include JSP, Toray industries, BASF SE, Borealis, Mitsui Chemicals, DS Smith Plc, and SSW PearlFoam GmbH. Companies are focusing on innovation and strategic expansion in order to sustain in the intense competition. Toray and Borealis are planning to establish polypropylene manufacturing facilities in India and the U.S., respectively.

[dbmrmarketnews]

Polypropylene foams market size is valued at USD 1.85 billion by 2028 and is expected to grow at a compound annual growth rate of 5.90% for the forecast period of 2021 to 2028.