Extruded Polypropylene (XPP) Foam Market Grows from $751.0 million to $ 1048.8 million till 2023

The XPP foam market research report offered by RnRMarketResearch.
Report covers the market for XPP foam and its types and end-use industries across different verticals and regions. It aims at estimating the market size and the potential of the XPP foam market based on type, end-use industry, and region. The report also includes an in-depth competitive analysis of key market players, along with their company profiles, recent developments, and key strategies.

Download Free PDF Sample Copy of “Extruded Polypropylene (XPP) Foam Market” with Detailed TOC and Company Profiles at http://www.rnrmarketresearch.com/contacts/request-sample?rname=988512

The XPP foam market is projected to grow from USD 751.0 million in 2018 to USD 1048.8 million by 2023, at a CAGR of 6.9%, in terms of value, between 2018 and 2023. The demand for XPP foam is mainly driven by its properties such as recyclability and eco-friendliness in comparison to other competitive foams, such as PU and PE, and high functional characteristics such as high stiffness, chemical resistance, heat stability, impact resistance, lightweight, and good sound insulation.

Key global players of the XPP foam market are Borealis (Austria), Mitsui Chemicals (Japan), BASF (Germany), Sekisui Voltek (US), Sonoco Products (US), DS Smith Plc (UK), NMC SA (Belgium), Pregis LLC (US), and Zotefoams Plc (UK).

The unique properties of XPP foam make it suitable for use in industries such as automotive, packaging, and building & construction. The market is driven by the increasing demand from the automotive industry. However, the rising prices of polypropylene resin, the major raw material, are expected to restrain the growth of the market.

KEY TARGET AUDIENCE
• Manufacturers, Dealers, and Suppliers of XPP Foam
• Raw Material Manufacturers of XPP Foam
• Regional Manufacturers
• Government and Regional Agencies
• Research and Development Institutions

Low-density polypropylene foam is widely preferred in automotive, protective packaging, and insulation applications due to its properties such as recyclability, light weight, energy efficiency, and sustainability. In automotive end-use industry, low-density XPP foam is used in door liners, engine shields, and roof/trunk liners. The use of low-density XPP foam in these applications helps in impact protection and weight reduction of vehicles.

For More Information on “Extruded Polypropylene (XPP) Foam Market “Inquire on http://www.rnrmarketresearch.com/contacts/discount?rname=988512

Based on end-use industry, the automotive segment is expected to lead the XPP foam market. OEMs use XPP foam to produce vehicles that are lightweight, energy efficient, and sustainable. It is also used in combination with metals to improve energy absorption and distribution. The low density and recyclability properties are expected to drive the use of XPP foam in the automotive end-use industry during the forecast period.

The APAC region is expected to witness the fastest growth during the forecast period; this growth can be mainly attributed to the growing automobile production in countries such as China, India, and other Southeast Asian nations.

Automotive is projected to be the fastest-growing end-use industry of XPP foam in APAC. India and China are the two major economies driving the market in APAC. The demand for XPP foam has also increased in the other APAC countries such as South Korea, Indonesia, Malaysia, Thailand, Vietnam, and the Philippines with the positive outlook of the automotive industry in these countries.

In the process of determining and verifying the market size for the several segments and subsegments gathered through secondary research, extensive primary interviews were conducted. The break-up of the primary interviews is given below:
• By Company Type: Tier 1—53%, Tier 2—27%, and Tier 3—20%
• By Designation: C-level—40%, Director-level—27%, and Others—33%
• By Region: APAC—33%, North America—47%, Europe—13%, RoW—7%

Place an Order for Full Report on “Extruded Polypropylene (XPP) Foam Market Research Report” at http://www.rnrmarketresearch.com/contacts/purchase?rname=988512

The report will help market leaders/new entrants by providing them the closest approximations of revenues in the 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.

About Us: RnRMarketResearch.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.

Contact:

Hrishikesh Patwardhan
2nd Floor, Metropole Building,

Next to Inox Theatre,

Bund Garden Road, Pune - 411001.

Maharashtra, India.

+1-888-391-5441

sales@rnrmarketresearch.com

This release was published on openPR.