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Extruded Polypropylene Foam Market by Type, End-use Industry, Region - Global Forecast to 2023

Extruded Polypropylene Foam Market: Global Forecast until 2023

  • August 2018
  • 120 pages
  • ID: 4884885
In this report:
The country's OEMs had invested about USD ##.## billion to increase vehicle production from ##,## to ##,##,## units between 2000 and 2017, registering a CAGR of ##% during this period.
The XPP foam market size in the other end-use industries segment is estimated to be ##.## kilotons in 2017 and is projected to reach ##.## kilotons by 2023, registering a CAGR of ##.##%.

Summary

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The XPP foam market is estimated to rise at a compound annual growth rate of 6.90 percent from 2018 to 2023.

The XPP foam market is forecasted to grow from $751.00M in 2018 to $1048.80M by 2023, at a compound annual growth rate (CAGR) of 6.90 percent, in terms of value importance, between 2018 and 2023. The market demand for XPP foam is mainly influenced by its properties including recyclability and eco-friendliness in comparison to other competitive foams, including PU and PE, and high functional characteristics including high stiffness, chemical resistance, heat stability, impact resistance, lightweight, and good sound insulation. The unique properties of XPP foam make it suitable for use in markets like automotive, packaging, and building & construction. The sector is influenced by the growing demand from the automotive sector. Nevertheless, the growing prices of polypropylene resin, the main raw material, are anticipated to restrain the market increase.

Established on category, the low-density segment is anticipated to lead the XPP foam market during the outlook period.

Established on category, the low-density segment is anticipated to be the quickest-increasing segment of the XPP foam market during the estimate period.Low-density polypropylene foam is widely preferred in automotive, protective packaging, and insulation applications due to its properties including recyclability, light weight, energy efficiency, and sustainability.

In automotive end-use sector, low-density XPP foam is used in door liners, engine shields, and roof/trunk liners. The use of low-density XPP foam in these applications helps in impact protection and weight reduction of vehicles.

Established on end-use sector, the automotive segment is forecasted to dominate the XPP foam market during the outlook period.

Established on end-user market, the automotive segment is anticipated to lead the XPP foam market.Original equipment manufacturers use XPP foam to produce vehicles that are lightweight, energy efficient, and sustainable.

It is also used in combination with metals to enhance energy absorption and distribution. The low density and recyclability properties are forecast to steer the use of XPP foam in the automotive end-use market during the estimate period.

Asia-Pacific is anticipated to be the quickest developing market for XPP foam.

The APAC area is forecast to witness the quickest increase during the outlook period; this increase can be primarily attributed to the increasing automobile production in countries including China (CN), India (IN), and other Southeast Asian nations.The increase of the market in Asia-Pac is primarily attributed to quick economic development, succeeded by massive investments across sectors like automotive, packaging, building & construction, and marine.

Automotive is forecasted to be the quickest-increasing end-use sector of XPP foam in Asia-Pacific.India (IN) and China (CN) are the two main economies driving the industry in Asia-Pac.

The industry demand for XPP foam has also increased in the other APAC countries including South Korea, Indonesia (ID), Malaysia (MY), Thailand (TH), Vietnam (VN), and the Philippines with the positive outlook of the automotive market in these countries.

In the process of finding out and checking the market value for the different segments and sub-segments collected by secondary research, extensive primary audit sessions were performed. The break-up of the primary interviews is presented below:

• By Company category: Tier 1-53.0 percent, Tier 2-27.0 percent, and Tier 3-20.0 percent

• By Description: C-level-40%, Director-level-27%, and Others-33%

• By Area: APAC-33%, North America-47%, Europe-13%, RoW-7%

Note: 1. Other designations contain sales managers, marketing managers, and product managers. 2. Tiers of firms are defined based on their total revenues in 2017. Tier n1 = >USD 1 billion, Tier 2 = $100.0M to $1.0B, and Tier 3 =

Note: 2. RoW includes South America region and Middle East (ME) & African continent

Key overall actors of the XPP foam market are Borealis, Mitsui Chemicals, BASF, Sekisui Voltek, Sonoco Products, DS Smith Plc, NMC SA, Pregis LLC, and Zotefoams Plc.

Segment Research

This business report includes the sector for XPP foam and its types and end-use sectors across several verticals and localities.It aims at evaluating the market value and the potential of the XPP foam market established on category, end-use sector, and area.

The industry report also comprises an detailed competitive review of main market actors, together with their company descriptions, latest developments, and top strategies.

Reasons to Buy the Report

The study will facilitate industry top players/new sector entrants by providing them the closest approximations of revenues in the XPP foam market.This industry report will also assist partners better comprehend the market's competitive landscape, and gain insights to position their businesses and formulate industry strategies.

The analysis will also assist partners comprehend the pulse of the sector and acquire info on main market drivers, market restraints, opportunities, and alternatives.

The market research offers business insights on these pointers

• Market Uptake: Exhaustive data on XPP foam provided by top market actors

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the XPP foam market

• Market Development: Highlighted information about lucrative emerging markets-the report examines the industries for XPP foam across different regions

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the XPP foam market

• opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the XPP foam market

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