Global Extruded Polypropylene (XPP) Foam Market Size By Product (Low-density Polypropylene Foam, High-density Polypropylene Foam), By Application (Packaging, Automotive and Transportation), By Geography Scope And Forecast
Global Extruded Polypropylene (XPP) Foam Market Size By Product (Low-density Polypropylene Foam, High-density Polypropylene Foam), By Application (Packaging, Automotive and Transportation), By Geography Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Extruded Polypropylene (XPP) Foam Market Size By Product (Low-density Polypropylene Foam, High-density Polypropylene Foam), By Application (Packaging, Automotive and Transportation), By Geography Scope And Forecast
Extruded Polypropylene (XPP) Foam Market Size And Forecast
Extruded Polypropylene (XPP) Foam Market size was standing at USD 715.9 Million in 2022 and is estimated to stand at USD 1,100 Million by 2030, developing at a CAGR of 6.9% from 2024 to 2030.
The desire for lightweight cars and environmentally friendly packaging materials is fueling the expansion of the Extruded Polypropylene (XPP) Foam Market globally. Because of their lightweight and high melt strength, these components are in increasing demand in the packaging business, which is expected to boost market demand. The Global Extruded Polypropylene (XPP) Foam Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Extruded Polypropylene (XPP) Foam Market Definition
Foams made of polypropylene are used for many things, including insulating refrigerators and dwellings. Consumers may save their heating and cooling expenditures by using insulating foams. Home builders and customers increasingly gravitate towards construction solutions that yield performance and energy savings over time as the number of building regulations supporting energy-efficient structures increases. The foam created from extruded polypropylene is a plastic material renowned for being green. Both high-density Extruded Polypropylene (XPP) Foam and low-density Extruded Polypropylene (XPP) Foam versions are available.
Extruded Polypropylene (XPP) Foam is mainly utilized in the automobile industry, although it also finds usage in packaging, building & construction, and other industries. These products are preferred for packaging various meals due to polypropylene foam’s adaptable qualities and affordable price. Containers, pots, cylinders, tubes, pouches, and wrapping films are a few examples of packaging formats. Over the course of the projection period, it is anticipated to overtake other flexible packaging materials in usage. The expansion of these items will be aided by the increased demand for kitchenware made of eco-friendly materials and reusable water bottles.
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Global Extruded Polypropylenes Foam Market Overview
Due to growing demand from the automotive production sectors, which are implementing new technologies targeted at lightening up autos, the need for XPP foam is predicted to increase. The emphasis on lightweight materials used in crucial automobile components is anticipated in the new emission laws implemented internationally. It is anticipated that increased consumer awareness of lightweight automobiles and improved fuel economy would increase demand for these items. For manufacturers, the price volatility of polypropylene is a significant problem.
Extruded Polypropylene (XPP) Foam has been replaced by manufacturers looking for alternatives due to the volatile oil costs and future hedging. Price swings have an impact on the food packaging sector, driving up expenses and driving down profitability. The desire for lightweight cars and environmentally friendly packaging materials is fueling the expansion of the Extruded Polypropylene (XPP) Foam Market globally. Because of their lightweight and high melt strength, these components are in increasing demand in the packaging business, which is expected to boost market demand.
Global Extruded Polypropylene (XPP) Foam Market Segmentation Analysis
The Global Extruded Polypropylene (XPP) Foam Market is Segregated Based on Product, Application, and Geography.
Extruded Polypropylene (XPP) Foam Market, By Product
Low-density polypropylene foam
High-density polypropylene foam
Based on Product, the market is segmented into Low-density Polypropylene Foam, High-density Polypropylene Foam, and Others. Low-density polypropylene foam will take over due to its properties such as structure, tough chemicals, non-reactive and high-temperature resistance.
Extruded Polypropylene (XPP) Foam Market, By Application
Packaging
Automotive and Transportation
Building and Construction
Based on Application, The global extruded polypropylene market is further distributed into Packaging, Automotive and Transportation, Building, and Construction. Automotive and transportation is the leading segment in the global market owing to their rising use in lightweight automobile manufacturing.
Extruded Polypropylene (XPP) Foam Market, By Geography
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Based on Geography, the global automotive ignition systems market is divided into Asia Pacific, North America, Middle East, Europe, and Latin America. North America leads the Extruded Polypropylene (XPP) Foam Market due to growing applications in the automotive industry. Asia Pacific will be growing at a staggering rate.
Key Players
The Global Extruded Polypropylene (XPP) Foam Market report also offers clear insights into the competitive landscape and the leading players in the global market. The leading players in Global Extruded Polypropylene (XPP) Foam Market are BASF SE, Borealis AG, DS Smith PLC, JSP Corporation, Mitsui Chemicals, Sekisui Voltek, LLC, Pregis LLC, NMC SA, Toray Industries, Inc., Braskem, and W.R Grace.
Our market evaluation also includes a specially dedicated sector for major players. Our analysts offer a transparent view of the financial overview of all the key players, along with product benchmarking and SWOT analysis.
Key Developments
In April 2020, Borealis AG and NOVA Chemicals declared that Borealis had finalized its acquisition of NOVA Chemical with 50% ownership in Novealis Holdings.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Extruded Polypropylene (XPP) Foam Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Extruded Polypropylene (XPP) Foam Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
BASF SE, Borealis AG, DS Smith PLC, JSP Corporation, Mitsui Chemicals, Sekisui Voltek, LLC, Pregis LLC, NMC SA, Toray Industries, Inc., Braskem, and W.R Grace.
SEGMENTS COVERED
By Product
By Application
By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
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Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provi
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