#XPP Foam Industry

[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.

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[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.

[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

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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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[marketgrowthreseach]

Industry Growth Insights published a new data on “XPP Foam Market”. The research report is titled “XPP Foam Market research by Types (Low-density XPP, High-density XPP), By Applications (Transport, Packaging, Building and Construction), By Players/Companies BASF, Borealis, Braskem, Mitsui Chemicals, Toray Industries, DS Smith, JSP Corporation, NMC SA”.

More Details: https://industrygrowthinsights.com/report/xpp-foam-market/

[solutionsandservices]

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…

[davidjones3991-blog]

Global XPP Foam Market – Industry Trends and Forecast to 2025

Global XPP Foam Market is expected to reach USD 1152.78 million by 2025, from USD 696.55 million in 2017 growing at a CAGR of 6.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Definition: Global XPP Foam Market

Extruded Polypropylene or XPP Foams are used to provide protection layer or shock absorbent. It is a layer of foaming designed to take stress and tension thus reducing the impact on the main component. Rising packaging industry and increasing trends in lightweight packaging is set to boost the growth for this market.  Automotive XPP foams find their usage in barriers, bumpers, side door panels, visors etc. With increasing share of organic and inorganic materials and due to high resistivity offered by the XPPs, the market is to witness huge growth during the forecast period.

Market Drivers:

·Increasing demand from automotive industry.

·Diversity in application of XPP foams in end use industries.

·Superior properties offered by XPP foams as compared to other materials.

Market Restraint:

·Volatility in the prices of raw materials.

·Lack of awareness regarding XPP foams amongst users.

Segmentation:

The global market for Global XPP Foam by the following sub-categories is presented

By Type

·Low-density

·High-density

By End Use Industry

·Automotive

·Packaging

·Building & Construction

By Geography

·North America

·South America

·Europe

·Asia-Pacific

·Middle East and Africa

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Competitive Analysis:

The global XPP foam market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of XPP foam market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

In Feb 2018 Toray Industries, Inc. started operating in India at Andhra Pradesh by the name of Toray Industries (India) Pvt. Ltd., to set up a new base for polypropylene. The expected production from the new facility is estimated to be around 18000 tones. The expansion has been done by Toray Industries with a view that there is an increasing demand from industries.

Key Market Competitors:

The key players operating in the global XPP foam market are –

·Borealis AG.

·Mitsui Chemicals, Inc.

·BASF SE

·JSP

·Sekisui Voltek, LLC

Key Insights:

·Historical and current market size and projection up to 2025

·Market trends impacting the growth of the global XPP foam market.

·Analyze and forecast XPP foam market on the basis of type and end use industry.

·Trends of key regional and country-level markets for type and end use industry.

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[databridgemarketresearch1-blog]

The Global XPP Foam Market is expected to reach USD 1152.78 million by 2025, from USD 696.55 million in 2017 growing at a CAGR of 6.5% during the forecast period of 2018 to 2025.

[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…

[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.

[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.