IMARC Group's report titled “Extruded Polypropylene Xpp Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global extruded polypropylene xpp foam market size reached US$ 736.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,015.1 Million by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
Extruded polypropylene (XPP) foam is a type of closed-cell foam that possesses exceptional strength and resistance to water, chemicals, and numerous impacts. Its manufacturing process involves extruding a mixture of a physical blowing agent to enhance its elasticity and strength. With its superior thermal insulation properties, XPP foam effectively maintains the freshness, condition, and flavor of several food items. Furthermore, it finds application in the production of food containers that can be safely heated in a microwave, owing to its high melting point.
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Extruded Polypropylene Xpp Foam Market Trends and Drivers:
The escalating demand for the product in the packaging sector to protect products from damage, on account of their superior shock absorbency, is primarily driving the extruded polypropylene (XPP) foam market. Furthermore, the rising utilization of these foams as insulating materials in homes and refrigerators, which assist consumers in cutting down their heating and cooling costs, is also augmenting the market growth. Apart from this, the growing number of building codes that promote energy-efficient structures is positively influencing the global market. Moreover, the increasing usage of XPP foams in buildings to provide protection against moisture that reduces the chance of developing harmful molds and mildew in walls further bolstering the market growth. Besides this, the elevating requirement for the product in the automotive industry to design engine sheds, door liners, and roof trunk liners is acting as another significant growth-inducing factor. Additionally, the escalating need for these foams in designing seats of vehicles, owing to their cushioning property, which ensures driver and travelers safety, is expected to drive the extruded polypropylene (XPP) foam market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Low-Density XPP Foam
- High-Density XPP Foam
Breakup by End Use Industry:
- Automotive
- Building and Construction
- Packaging
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Borealis AG (OMV AG)
- DS Smith Plastics (DS Smith plc)
- Furukawa Electric Co. Ltd.
- Mitsui Chemicals Inc.
- NMC International SA
- Pregis LLC
- Sekisui Voltek LLC (Sekisui Chemical Co. Ltd.)
- Sohner Plastics LLC
- Toray Industries Inc. and Zotefoams Plc.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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