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Extruded Polypropylene Foam Market by Type, End-Use Industry, Region - Global Forecast to 2021

Extruded Polypropylene Foam Market: Global Forecast until 2021

  • April 2017
  • 129 pages
  • ID: 4884885
In this report:
The XPP foam market size in the building & construction end-use industry is estimated to be ##.## kilotons in 2016 and is projected to reach ##.## kilotons by 2021, witnessing a CAGR of ##.##%.
The size in this end-use industry in the country is projected to reach ##.## kilotons by 2021 from ##.## kilotons in 2016, registering a CAGR of ##.##% during the forecast period.

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"High melt strength and lightweight properties provided by extruded polypropylene foam is predicted to push the increase of the market extruded polypropylene foam market during the outlook period, 2016 to 2021."

The extruded polypropylene foam market is estimated to grow $931.10M by 2021, at a compound annual growth rate of 7.30 percent from 2016 to 2021. The rise of the extruded polypropylene foam market is influenced by the growing use of extruded polypropylene foams in automobiles for weight reduction. The extruded polypropylene foams are also being increasingly used in the packaging end-use sector due to their high melt strength, excellent chemical resistance, lightweight, and high durability. Volatility in the prices of raw materials used for manufacturing extruded polypropylene foams directly impact their prices, which acts as a restraint for the increase ot the extruded polypropylene foam market.

"Among types, the high density segment of the extruded polypropylene foam market is expected to increase at the maximal compound annual growth rate (CAGR) during the estimate period."

High density foams have higher compressive strength and energy absorption characteristics in comparison to low density foams. High density foam is primarily used in the packaging end-use market as they have the ability to protect even the most sensitive and highest-quality products from damage even after repeated loading. They are largely used in packaging and automotive end-use markets to attain high energy absorption, which optimizes energy management. These foams offer high stability and strength, according to their high strength-to-weight ratio and load bearing structural support. This, in turn, leads to increased adoption of high density foams in varied end-use sectors, thereby fueling the rise of the high density type segment of the extruded polypropylene foam market during the outlook period.

"The APAC extruded polypropylene foam market is expected to rise at the highest CAGR (Compound annual growth rate) during the estimate period, 2016 to 2021."

The Asia-Pac extruded polypropylene foam market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period, in terms of both, value as well as volume. Increasing purchasing power of consumers, developing infrastructure, growing demand for extruded polypropylene foams from different end-use markets, and overall shift in the production capacities of several leading firms from developed countries to the Asia-Pacific area are the main factors leading to the increase of the Asia-Pacific extruded polypropylene foam market.

Extensive primary audit sessions have been conducted to determine and verify the market sizes of different segments and sub-segments obtained from the information collected by secondary research. The breakdown of primary interviews has been provided below.

• By Company category - Tier 1 - 56.0 percent, Tier 2 - 33.0 percent, and Tier 3 - 11.0 percent

• By Description - C-suite - 45.0 percent, D-suite - 33.0 percent, and Others - 22.0 percent

• By Area - North America continent - 28.0 percent, Europe (EU) - 22.0 percent, Asia Pacific (APAC) - 20.0 percent, South America- 13.0 percent, and the Middle East (ME) & African continent - 17.0 percent

The main companies decribed in this research report are Borealis AG, Mitsui Chemicals, Sekisui Voltek, Limited liability company, Sonoco Products Company, DS Smith Plc, NMC SA, Pregis LLC, and Zotefoams Plc.

Segment Research

This analysis includes the consumption of extruded polypropylene foam across various end-use sectors and localities. It aims at evaluating the market value and future increase potential of the extruded polypropylene foam market across several segments established on category, end-use sector, and area. Moreover, the market research also comprises a detailed competitive analysis of the top players in the extruded polypropylene foam market, together with their company descriptions, SWOT analyses, recent evolutions, and key industries strategies.

Main highlights

This market report aims at helping the market top players/new sector entrants in the extruded polypropylene foam market by providing them the closest approximations of the revenues for the global extruded polypropylene foam market and its sub-segments. This business report aims at helping stakeholders to obtain an improved understanding of the competitive landscape of the sector and gain insights to enhance the position of their businesses by making suitable market strategies. This industry report also aims at helping the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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