Extruded Polypropylene (XPP) Foam Market Size, Share, Analysis, Growth Report 2032

Extruded Polypropylene (XPP) Foam Industry Prospective:

The global extruded polypropylene (XPP) foam market size was worth around USD 1,102.36 million in 2023 and is predicted to grow to around USD 1,992.80 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.80% between 2024 and 2032.

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Extruded polypropylene (XPP) foam is generally produced by extruding a blend of a polypropylene resin. It provides excellent properties like multiple impact resistance, water and chemical resistance, high strength, thermal insulation, and recyclability. Due to its versatile properties, it is widely used in automotive, construction, packaging, and other industries. Extruded polypropylene foam is recyclable and eco-friendly in nature.

Extruded Polypropylene (XPP) Foam Market Growth Dynamics

The growing automotive industry is one of the major factors driving the extruded polypropylene (XPP) foam market globally. Extruded polypropylene foam is widely used to produce lightweight automobile parts, such as bumper and door liners for vehicles. However, the fluctuating raw material prices and the high final product costs might limit the extruded polypropylene foam market globally. Nonetheless, the growing demand for bioplastics and eco-friendly packaging solutions across the globe is projected to create new market opportunities in the forecast timeframe.

In order to offer the users of this report, a comprehensive study of the extruded polypropylene (XPP) foam market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the extruded polypropylene (XPP) foam market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked and supported by their market size, growth rate, and market attractiveness.

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Extruded Polypropylene (XPP) Foam Market: Segmentation Analysis

The extruded polypropylene (XPP) foam market is segmented based on type and end-user. By type, the extruded polypropylene (XPP) foam market is classified into low-density XPP foam and high-density XPP foam. In 2023, low-density XPP foam dominated the market and is anticipated to continue its dominance in the upcoming years as well. It is primarily used in the automotive industry for manufacturing roof trunk liners, engine sheds, and door lines for protection. By end-user, the global extruded polypropylene (XPP) foam market is segmented into automotive, building and construction, packaging, and others. The increasing application of extruded polypropylene foam in several industries due to its superior properties is likely to drive the extruded polypropylene (XPP) foam market in the upcoming years. The growing focus on lightweight and sustainable vehicles is further projected to surge the extruded polypropylene foam demand in the future.

Geographically, the global extruded polypropylene (XPP) foam market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific dominated the extruded polypropylene (XPP) foam market and is projected to continue its dominance in the future as well. The growing automotive industry is likely to drive this regional market. Additionally, the increasing demand for extruded polypropylene foam by the region’s packaging industry is also estimated to fuel the extruded polypropylene (XPP) foam market in the future.

Extruded Polypropylene (XPP) Foam Market: Report Scope

The regional classification includes Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa, and the key countries, such as the U.S., the Rest of North America, UK, Germany, France, the Rest of Europe, China, Japan, India, Rest of Asia Pacific, Brazil, and Rest of Latin America.

Extruded Polypropylene (XPP) Foam Market: Competitive Analysis

The global extruded polypropylene (XPP) foam market is dominated by players like:

• 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.
• Mitsui Chemicals

This report segments the global extruded polypropylene (XPP) foam market into:

Global Extruded Polypropylene (XPP) Foam Market: Type Analysis

• Low-Density XPP Foam
• High-Density XPP Foam

Global Extruded Polypropylene (XPP) Foam Market: End-User Analysis

• Automotive
• Packaging
• Building & Construction
• Others

Global Extruded Polypropylene (XPP) Foam Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa