Global Extruded Polypropylene (XPP) Foam Market
Global Extruded Polypropylene (XPP) Foam Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at CAGR of 6.9% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The driver of global extruded polypropylene (XXP) foam market are increase demand from automobile, packing, building & construction and electrical & electronic industry is likely to boost global extruded polypropylene (XXP) foam market because of the unique properties (XXP) foam composite like thermal insulation, impact resistance, chemical and water resistance, and high strength. The XXP foam composite like thermal insulation, impact resistance, chemical and water resistance, and high strength. The XXP foam composite are required to manufacture package material both for the food beverage industry for the safe packing .The composite are environmental friendly easy recyclable material.
The automobile part are manufacturing using XXP composite as the fiber are lightweight, high impact, thermal and chemical resistance. Insulation rainforest composite are produce XXP composite as they can also be used as material building & construction and electronic activates.
On the basis of the type segment, the low-density type segment is estimated to hold largest market share during forecast period. The low-density XPP foam market growth is driven by the increasing demand from protective packaging, automotive, and insulation applications. The automotive industry controls the consumption of low-density XPP foam. The use of low-density global XPP market in automotive applications helps in impact protection and weight reduction of vehicles.
Based on the end-use industry segment, the automotive segment is estimated to grow highest CAGR during forecast period. XPP foam is highly demanded in automotive and packaging end-use industries. The automotive end-use industry dominates the overall global XPP foam market. XPP foam is widely used in bumpers, sun visors, floor acoustic barriers, side door panels as energy headliners, absorbers, and so on. It is fetching a preferred choice in the automotive end-use industry as it offers high impact strength while enabling weight reduction to increase the fuel efficiency.
In terms of region, APAC is estimated to hold largest market share during forecast period. The APAC is mainly backed by the rapid economic development and growth of automotive, packaging, building & construction, and other end-use industries in the region. Rapid industrialization coupled with the improved standard of living also positively influences the growth of the market in the region. Furthermore, the high development of the emerging economies and growing disposable income in APAC make it an attractive market for various end-use industries, and subsequently the global XPP foam market. However, the lack of awareness and increasing prices of extruded polypropylene foam are considered as the major restraints for the growth of the global XPP foam market.
The report will help market new entrants by providing them the closest approximations of revenues in the global XPP foam market. This report will also help stakeholders better understand the market’s competitive landscape, and gain insights to position their businesses and formulate market strategies. The report will also help stakeholders understand the pulse of the market and acquire information on key market drivers, restraints, challenges, and opportunities.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global Extruded Polypropylene (XPP) Foam market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global extruded polypropylene (xpp) fom market.
Scope of the Global Extruded Polypropylene (XPP) Foam Market
Global Extruded Polypropylene (XPP) Foam Market, By Type
• Low-Density XPP Foam
• High-Density XPP Foam
Global Extruded Polypropylene (XPP) Foam Market, By End-Use Industry
• Automotive
• Packaging
• Building & Construction
• Others
Global Extruded Polypropylene (XPP) Foam Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Extruded Polypropylene (XPP) Foam Market
• Borealis
• Mitsui Chemicals
• BASF
• JSP Corporation
• Sekisui Voltek
• Pregis
• Sonoco
• DS Smith
• NMC SA
• Zotefoams
• Toray Industries
• Braskem
• Sumitomo Chemical
• Sohner Plastics
• Furukawa Electric.