Press release
Extruded Polypropylene Foam Market is projected to reach US $ 1112 million by 2024 | Leading Market Players are Borealis AG, Furukawa Electric Co., Ltd., Toray Industries, Inc., JSP Corporation, BASF SE, Sekisui Voltek, LLC, Sonoco.
Extruded Polypropylene Foam Market was valued at USD xx Million in 2016 and projected to reach US $ 1112 million by 2024, growing at a CAGR of 6.8% during the forecast period 2018 and 2024.
Extruded Polypropylene Foam Market Overview:
Extruded polypropylene foam (XPP) is lightweight foam with versatile properties, such as resistance to multiple impacts, chemical and water resistance, high strength, thermal insulation and recyclability. Due to its versatile properties, it is widely used in the automotive, construction, packaging and other sectors. The extruded polypropylene foam is recyclable and ecological.The global market for extruded polypropylene foams (XPP) is expected to reach US $ 1112 million in 2024, with a compound annual growth rate of 6.8% between 2018 and 2024.
Browse details of 104 number of pages research report developed on Extruded Polypropylene Foam Market @ https://www.researchcosmos.com/reports/global-extruded-polypropylene-foam-market-professional-survey-report-2018/9347446
Extruded Polypropylene Foam Market Growth Drivers and Restraints:
The growth of the automotive industry is one of the main drivers of the world market for extruded polypropylene foams (XPP). Extruded polypropylene foam is widely used to produce light automotive parts, such as bumpers and vehicle door moldings. However, the fluctuation of raw material prices and the high costs of the final product could limit the world market of extruded polypropylene foams. However, the growing demand for eco-friendly packaging and bioplastics solutions around the world is expected to create new market opportunities on time.
Geographic Insights of Extruded Polypropylene Foam Market:
The Asia-Pacific region dominated the global market for extruded polypropylene foam (XPP), followed by North America and Europe in 2017. Developing industries in emerging economies in the region, such as India and China, must dominate the market demand in the coming years. North America is expected to experience the fastest growth in the coming years, due to the growing demand for extruded polypropylene foam from the packaging industry. The thriving European automotive industry is expected to boost the XPP market in the future. Latin America is expected to have significant growth potential in the extruded polypropylene foam market, due to the rapid industrialization in the region. The Middle East and Africa region is expected to experience slow growth in this market during the estimated period.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-extruded-polypropylene-foam-market-professional-survey-report-2018/9347446
Key Market Players of Extruded Polypropylene Foam Market:
Some of the prominent companies in the global extruded polypropylene (XPP) foam market include Borealis AG, NMC SA, Furukawa Electric Co., Ltd., Toray Industries, Inc., JSP Corporation, BASF SE, Sekisui Voltek, LLC, Sonoco, Pregis Corporation, DS Smith Plc, Zotefoams Plc, Braskem, Sohner Plastics, Sumitomo Chemical Co., Ltd., and Mitsui Chemicals, among others.
Extruded Polypropylene Foam Market Key Segmentation:
By Type:
• Black Extruded Polypropylene
• Gray Extruded Polypropylene
• White Extruded Polypropylene
By Application:
• Packaging Industry
• Automotive
• Consumer Goods
• Other
By Regions:
• North America
• China
• Europe
• Southeast Asia
• Japan
• India
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-extruded-polypropylene-foam-market-professional-survey-report-2018/9347446
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
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