Market Size of Extruded Polypropylene (XPP) Foam Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Extruded Polypropylene Foam Market Analysis
The market for extruded polypropylene foam is expected to grow at a CAGR of more than 6% during the forecast period. One of the major factors driving the market studied is the increasing demand for superior foams from the automotive and construction industry. The high cost of extruded polypropylene foam is expected to hinder the growth of the market studied.
- The construction industry dominated the market and is expected to grow during the forecast period.
- Growing applications in various end-use industries are likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China, India, and ASEAN countries.
Extruded Polypropylene Foam Industry Segmentation
The Extruded Polypropylene Foam market report include:
| Type | |
| Low-Density XPP Foam | |
| High-Density XPP Foam |
| End-User Industry | |
| Automotive | |
| Building & Construction | |
| Packaging | |
| Others |
| Geography | ||||||||
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Extruded Polypropylene (XPP) Foam Market Size Summary
The extruded polypropylene (XPP) foam market is poised for significant growth, driven primarily by the increasing demand from the automotive and construction sectors. Despite the high cost of XPP foam posing a challenge, the market is expected to expand, with the construction industry leading the way. The Asia-Pacific region, particularly countries like China, India, and ASEAN nations, dominates the global market due to rapid urbanization and growing construction activities. The use of XPP foam in building and construction is attributed to its lightweight, stiffness, impact resistance, and excellent thermal insulation properties, making it a preferred choice for energy-efficient structures.
In addition to construction, XPP foam finds applications in various end-use industries, presenting future growth opportunities. The material is widely used as insulation in homes and appliances, contributing to energy savings by reducing heating and cooling costs. The market is characterized by fragmentation, with a few major players such as Borealis AG, Mitsui Chemicals Tohcello.Inc., Sumitomo Chemical, Pregis LLC, and NMC SA leading the industry. The demand for XPP foam is further bolstered by the packaging industry's growth, particularly in China, where the rise in customized packaging and fast-moving consumer goods drives consumption.
Extruded Polypropylene (XPP) Foam Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Superior Properties and Recyclability of XPP Foams
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1.1.2 Increasing Demand for Superior Foams from Automotive and Construction Industry
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1.2 Restraints
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1.2.1 High Price of XPP Foam
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porters 5 Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Low-Density XPP Foam
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2.1.2 High-Density XPP Foam
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2.2 End-User Industry
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2.2.1 Automotive
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2.2.2 Building & Construction
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2.2.3 Packaging
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2.2.4 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 ASEAN Countries
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Extruded Polypropylene (XPP) Foam Market Size FAQs
What is the current Extruded Polypropylene (XPP) Foam Market size?
The Extruded Polypropylene (XPP) Foam Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Extruded Polypropylene (XPP) Foam Market?
Borealis AG, Mitsui Chemicals Tohcello.Inc., Sumitomo Chemical, Pregis LLC and NMC SA are the major companies operating in the Extruded Polypropylene (XPP) Foam Market.
