The growing demand for extruded polypropylene foam in automobiles and packaging industry is expected to boost market growth. The Global Extruded Polypropylene (XPP) Foam Market is expected to reach USD 1.07 billion by 2025, according to a new report by Grand View Research, Inc.
The demand for extruded polypropylene foam is high due to its high strength to weight ratio and durability. Extruded polypropylene foam is available in low-density and high-density foam types. The market share of low-density foam is high due to its growing demand in the automobile industry. The demand for high-density foam is expected to grow rapidly over the forecast period owing to rising application in the construction industry.
Asia Pacific and Europe are the major regional markets. The presence of a large number of manufacturing facilities coupled with growing end-use industries is driving the demand for extruded polypropylene foam in these regions. The growing demand in emerging countries such as China, India, and Romania is expected to boost the market growth over the forecast period.
High density XPP foam is projected to grow at a CAGR of 7.7% from 2017 to 2025 owing to increased demand from packaging and building & construction industry. Transportation application segment is anticipated to grow at a CAGR of 7.1% from 2017 to 2025 owing to rising research on automotive materials.
To Know More About Extruded Polypropylene Foam Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/extruded-polypropylene-xpp-foam-market
Building & Construction application segment is anticipated to grow at a CAGR of 6.4% from 2017 to 2025 owing to growing infrastructure investments in emerging economies.
Top Players of Extruded Polypropylene (XPP) Foam Market:
The major industry participants are BASF SE, DS Smith PLC, Borealis AG, Mitsui Chemicals, Inc, JSP Corporation, Sekisui Voltek, LLC, Pregis LLC, NMC SA, Toray Industries, Inc., Braskem, and W.R Grace.
Market Segmentation of Extruded Polypropylene (XPP) Foam Market:
The Extruded Polypropylene Foam Market segmented on the basis of Product, Application, and Region.
By Product:
Low density XPP foam
High density XPP foam
By Application:
Transportation
Packaging
Building & Construction
By Region:
North America
US
Canada
Europe
Germany
Italy
France
Asia Pacific
China
Japan
India
South Korea
Central & South America
Brazil
Middle East & Africa
Inquire about Extruded Polypropylene Foam Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4575
Comments
Post a Comment