Extruded Polypropylene (XPP) Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Extruded Polypropylene (XPP) Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6135
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Market Overview:

The global extruded polypropylene (XPP) foam market 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) foam market 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:

  • Automotive
  • Building and Construction
  • Packaging
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
Segment Coverage Type, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Extruded Polypropylene (XPP) Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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