XPP Foam (Extruded Polypropylene) Market - Global Forecast to 2023

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.

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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.

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.

Objectives of the Study
To define, describe, and forecast the global XPP foam market, in terms of value and volume, on the basis of type, end-use industry, and region. To forecast the market size with respect to 5 main regions APAC, Europe, North America, South America, and the Middle East & Africa. To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the XPP foam market
To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the overall market. To analyze the opportunities in the XPP foam market for stakeholders and draw a competitive landscape for market leaders. To analyze competitive developments such as investments & expansions; joint ventures; mergers & acquisitions; product developments; and research & development (R&D) activities in the XPP foam market, To strategically profile key players and comprehensively analyze their core competencies.

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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

In the process of determining and verifying the market size for the several segments and sub segments 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%

Reasons to Buy the Report:

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.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on XPP foam offered by top market players.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the XPP foam market.

Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for XPP foam across varied regions.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the XPP foam market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the XPP foam market.

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This release was published on openPR.