Extruded Polypropylene Foam Market Trends, Business Overview, Industry Growth and Forecast to 2027

Extruded Polypropylene (XPP) Foam Market was valued at USD 699.6 million in 2017 and is projected to reach USD 1,048.8 million by 2027, at a CAGR of 6% between 2021 and 2027.

Used in packaging, transportation, building, and construction. The main market drivers are the increased use in the automotive and packaging industry due to the low load, environmentally friendly, and recyclable. The rise of the automotive industry is another factor driving the demand for the market, and its extracted polypropylene foam and its low-cost and versatile properties make it superior to packaging, while the growing demand for reusable bottles and eco-friendly kitchens is expected to drive the extrusion demand. . polypropylene foam. However, the lack of awareness and the rising price of the extracted polypropylene foam is considered to be the main constraint of the market growth.

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Market Segments

By Type:
• Low-density
• High-density

By End-use Industry
• Automotive
• Packaging
• Building & Construction

Key Players

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).

Scope of the Report

The research study analyzes the global Extruded Polypropylene Foam industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Extruded Polypropylene Foam Market Report

1. What was the Extruded Polypropylene Foam Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Extruded Polypropylene Foam Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Extruded Polypropylene Foam Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the global Extruded Polypropylene Foam market.
• The market share of the global Extruded Polypropylene Foam market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Extruded Polypropylene Foam market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Extruded Polypropylene Foam market.

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.