The global demand for Extruded Polypropylene Foam Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Extruded Polypropylene, better known as XPP is a type of plastic that is eco-friendly and recyclable in nature. It is available in two variants high-density and low-density. The latter is non-reactive, structured, and exhibits high-temperature resistance. The former exhibits high compressive strength and energy absorption properties. The key application area of the XPP foam in the automotive industry, however, it is used in other industries such as packaging, building & construction among others.
The extruded polypropylene foam market is anticipated to witness an impressive growth rate in the future. The growing demand from the automotive end-use industry is anticipated to propel the growth. The application of low-density extruded polypropylene foam in automotive applications helps in impact protection and weight reduction of vehicles drives its demands in the same sector. Rapid industrialization blended with improved living standards in the emerging economies also positively influences the growth of this market. On the other hand, the lack of awareness and price volatility of extruded polypropylene foam is evaluated as the main impediment for the growth of the XPP foam market. However, the growing demand for reusable bottles and kitchenware developed from the eco-friendly and recyclable material creates lucrative prospects for the manufacturers. The ongoing COVID-19 pandemic has benchmarked rapid shifts in the market, which is likely to impact the global growth of the extruded polypropylene foam market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of extruded polypropylene foam.
The entire extruded polypropylene foam market has been sub-categorized into product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Low Density XPP Foam
- High Density XPP Foam
- Building & Construction
This section covers regional segmentation which accentuates on current and future demand for extruded polypropylene foam market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Extruded Polypropylene Foam Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the extruded polypropylene foam market include BASF SE, DS Smith PLC, Borealis AG, Mitsui Chemicals, Inc., JSP Corporation, Sekisui Voltek, LLC, Pregis LLC, NMC SA, Toray Industries, Inc., Braskem, W.R Grace. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.