Extruded Polypropylene Foam Market to offer a healthy CAGR of 8.2% during 2020-25
February 12, 2020
Extruded Polypropylene Foam Market Overview:
Extruded Polypropylene (XPP) Foam Market is likely to witness an impressive CAGR of 8.2% during the forecast period. The mounting demand for XPP foam from the automotive end-use industry is expected to propel the growth of the global XPP foam market during the forecast period.
Report Overview:
This new report from Stratview Research analyses the Extruded Polypropylene Foam Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Extruded Polypropylene Foam Market Segment Insights:
Type: low-density XPP foam (40-200 Kg/M3) and high-density XPP foam (200-600 Kg/M3)
Based on the type, the market is segmented as low-density XPP foam (40-200 Kg/M3) and high-density XPP foam (200-600 Kg/M3). The low-density type segment held the larger share of the market in 2018. The low-density XPP foam segment leads the market driven by the growing demand from protective packaging, automotive, and insulation applications. The automotive industry commands the consumption of low-density XPP foam. The use of low-density XPP foam in automotive applications aids in weight reduction of vehicles and impact protection.
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End-Use Industry Type: automotive, packaging, building & construction, and others
Based on the end-use industry type, the market is segmented as automotive, packaging, building & construction, and others. The automotive segment accounted for the largest share of the XPP foam market in 2018, and is expected to continue its dominance during the forecast period as well. There is a high demand for XPP foam in automotive and packaging end-use industries. The automotive end-use industry governs the complete XPP foam market.
A highly/moderately/fragment consolidated Market
Some of the major players in the extruded polypropylene (XPP) foam market are BASF SE, Braskem, DS Smith, Furukawa Electric Co., Ltd., JSP Corporation, Mitsui Chemicals, NMC SA, Pregis, and Toray Industries, Inc.
Region: Asia-Pacific is expected to dominate the EXTRUDED POLYPROPYLENE FOAM market
In terms of regions, Asia-Pacific occupied a major chunk of the overall XPP foam market in 2018, and is estimated to maintain this trend during the forecast period. The dominance of the region is corroborated by the rapid economic growth and growth of packaging, automotive, building & construction, and other end-use industries in the region. Rapid industrialization blended with the enhanced standard of living also positively impacts the growth of the market in the region. Furthermore, the increasing disposable income in Asia-Pacific along with the high growth of the emerging economies makes it an attractive market for various end-use industries, and subsequently the XPP foam market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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