The global extruded polypropylene (XPP) foammarket size reached US$ 736.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,015.1 Million by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
Extruded polypropylene (XPP) foam is a closed-cell foam with high strength and water, chemical and multiple impact resistance. It is made by extruding a mixture of a physical blowing agent to induce elasticity and strength. Due to its high thermal insulating properties, XPP helps preserve the freshness, state and taste of different food products. It is also used in the production of food containers, which can undergo microwave heating due to the high melting point.
Extruded Polypropylene (XPP) Foam Market Trends:
At present, there is a rise in the demand for eco-friendly packaging to minimize the waste of natural resources during production. This, along with the growing application of XPP foams in the packaging industry to protect products from damage on account of their superior shock absorbency, represents one of the key factors driving the market. Moreover, there is an increase in the utilization of these foams as insulating materials in homes and refrigerators, which help consumers cut down their heating and cooling costs. This, coupled with the rising number of building codes that promote energy-efficient structures, is propelling the growth of the market. In addition, the growing employment of XPP foams in buildings to provide protection against moisture, which reduces the chance of developing harmful molds and mildews in walls, is positively influencing the market. Besides this, these foams are employed in the automotive sector to design engine sheds, door liners, and roof trunk liners. In line with this, the escalating demand for XPP foams in designing seats of vehicles due to their cushioning property, which ensures driver and passengers’ safety, is projected to bolster the growth of the market in the forecast years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global extruded polypropylene (XPP) foammarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end use industry.
Breakup by Type:
Low-Density XPP Foam
High-Density XPP Foam
Breakup by End Use Industry:
Building and Construction
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Borealis AG (OMV AG), DS Smith Plastics (DS Smith plc), Furukawa Electric Co. Ltd., Mitsui Chemicals Inc., NMC International SA, Pregis LLC, Sekisui Voltek LLC (Sekisui Chemical Co. Ltd.), Sohner Plastics LLC, Toray Industries Inc. and Zotefoams Plc.
Base Year of the Analysis
Type, End Use Industry, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Borealis AG (OMV AG), DS Smith Plastics (DS Smith plc), Furukawa Electric Co. Ltd., Mitsui Chemicals Inc., NMC International SA, Pregis LLC, Sekisui Voltek LLC (Sekisui Chemical Co. Ltd.), Sohner Plastics LLC, Toray Industries Inc. and Zotefoams Plc
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Key Questions Answered in This Report
The global extruded polypropylene (XPP) foam market was valued at US$ 736.2 Million in 2022.
We expect the global extruded polypropylene (XPP) foam market to exhibit a CAGR of 5.3% during 2023-2028.
The rising demand for extruded polypropylene (XPP) foam across the automotive sector to design seats of vehicles, owing to their cushioning property, which ensure driver and passengers’ safety, is primarily driving the global extruded polypropylene (XPP) foam market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for extruded polypropylene (XPP) foam.
Based on the type, the global extruded polypropylene (XPP) foam market has been segmented into low-density XPP foam and high-density XPP foam. Currently, low-density XPP foam holds the majority of the total market share.
Based on the end use industry, the global extruded polypropylene (XPP) foam market can be divided into automotive, building and construction, packaging, and others. Among these, the automotive industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global extruded polypropylene (XPP) foam market include Borealis AG (OMV AG), DS Smith Plastics (DS Smith plc), Furukawa Electric Co. Ltd., Mitsui Chemicals Inc., NMC International SA, Pregis LLC, Sekisui Voltek LLC (Sekisui Chemical Co. Ltd.), Sohner Plastics LLC, Toray Industries Inc., and Zotefoams Plc.
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