The report "Extruded Polypropylene (XPP) Foam Market by Type (Low-Density, High-Density), End-use Industry (Automotive, Packaging, Building & Construction), Region (APAC, Europe, North America, South America, Middle East & Africa) - 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% between 2018 and 2023. APAC is expected to lead the global XPP foam market during the forecast period.

Browse 58 market data Tables and 38 Figures spread through 119 Pages and in-depth TOC on "Extruded Polypropylene (XPP) Foam Market by Type (Low-Density, High-Density), End-use Industry (Automotive, Packaging, Building & Construction), Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/extruded-polypropylene-foam-market-136854934.html
Early buyers will receive 10% customization on reports.

XPP foam is relatively lightweight foam which offers high stiffness; chemical resistance; thermal stability good sound insulation; and excellent recyclability. However, its unique property is its high melt strength. It is becoming a preferred choice for automotive and packaging end-use industries as it offers high impact strength along with weight reduction.

Based on type, the low-density type segment is projected to lead the XPP foam market during the forecast period.

Based on type, the low-density type segment is expected to lead the global XPP foam market during the forecast period. The growth of the low-density XPP foam market is driven by the increasing demand from automotive, protective packaging, and insulation applications. The automotive industry dominates the consumption of low-density XPP foam. It helps in impact protection and weight reduction of vehicles.

Based on end-use industry, the automotive segment is expected to lead the XPP foam market during the forecast period.

The automotive segment is expected to be the fastest-growing end-use industry of the XPP foam market during the forecast period. The growth of the market in the automotive industry is attributed to the increasing use of XPP foam in vehicle manufacturing for producing lightweight, energy efficient, and sustainable cars. It is also driven by the growing automotive production, globally.

APAC is expected to lead the XPP foam market during the forecast period.

Asia Pacific is expected to be the largest market for XPP foam during the forecast period. The XPP foam market in this region is primarily driven by the growing automotive industry, especially in China, India, and other Southeast Asian countries, and huge investments from automotive OEMs to cater the growing demand from this region.

Key global players of the XPP foam market are Borealis (Austria), BASF (Germany), Braskem (Brazil), DS Smith (UK), JSP Corporation (Japan), Furukawa Electric (Japan), Mitsui Chemicals (Japan), Sekisui Voltek (US), Sonoco (US), Sohner Plastics (Germany), NMC SA (Belgium), Pregis (US), Toray Industries (Japan), Sumitomo Chemical (Japan), and Zotefoams (UK).

Don’t miss out on business opportunities in Extruded Polypropylene (XPP) Foam Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]