North America and
East Asia to Remain Key Markets
for Extruded Polypropylene (XPP) Foam: Fact.MR Report
ROCKVILLE, Md., July 17,
2024 /PRNewswire/ -- The global Extruded
Polypropylene (XPP) Foam Market is projected to increase from a
value of US$ 1.03 billion in 2024 to
US$ 2.05 billion by the end of
2034. Fact.MR's updated market study reveals that the market has
been forecasted to expand at a CAGR of 7.1% from 2024 to
2034.
XPP foam is a type of thermoplastic foam composed of
polypropylene and is well known for having high-stress tolerance,
sound absorption, and insulating qualities. In the automotive
industry, XPP foam is utilized for seat cushioning, door panels,
and dashboards.
Demand for extruded PP foam is set to be driven mainly by the
automotive and construction sectors across the world. For
construction and automotive end-use, XPP foam has the ideal
characteristics of high-temperature and chemical resistance, high
weight-to-strength ratio, and even recyclability and other
appealing qualities. Building impact protection, acoustics,
and insulation are other key end uses for XPP foam. It is also used
in medical equipment, furniture, and packaging solutions.
For More Insights into the Market, Request a Sample of this
Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7408
Key Takeaways from the XPP Form Market Study:
- The global XPP foam market has been forecasted to expand at a
CAGR of 7.1% to reach US$ 2.05 billion by the end of
2034.
- The market in North America is
projected to expand at a CAGR of 7.3% and offer an absolute
opportunity of US$ 342.6 million by
2034.
- East Asia accounts for 21.4%
of the global market share in 2024 and is expected to generate an
absolute dollar opportunity of US$ 233.8
million between 2024 and 2034.
- Packaging end use of XPP foam is expected to generate an
absolute dollar opportunity US$ 338.4
million by 2034.
- In 2024, the low density XPP foam segment is valued
US$ 665 million and accounts for
64.5% market share.
- The market for XPP foam in China has been estimated to advance at a CAGR
of 7.7% through 2034.
"XPP foam will be widely used by automobile manufacturers
for sound absorption and insulation purposes mainly to reduce the
weight of components being fitted," says a Fact.MR
analyst.
Country-wise Insights:
The extruded polypropylene foam market in the United States is anticipated to grow at a
compound annual growth rate (CAGR) of 7.6% between 2024 and 2034,
generating an absolute dollar opportunity of US$ 252.3 million.
As the building industry puts more focus on energy efficiency,
suppliers foresee a surge in demand for XPP foam insulation
products, including pipe insulation, insulated wall panels, and
insulated concrete forms. The automotive sector will witness a rise
in demand for robust and lightweight XPP foam parts for use in
underbody shields, headliners, and trunk liners.
Market Development
Leading XPP foam producers are LyondellBasell Industries,
Mitsubishi Chemical Holdings, Formosa Plastics Group, Borealis AG,
Mitsui Chemicals Tohcello Inc., BASF, Sekisui Voltek, Sonoco
Products, DS Smith Plc, NMC SA, Pregis LLC, Zotefoams Plc.,
Furukawa Electric Co. Ltd., Toray Industries Inc., Braskem, and JSP
Corporation. These companies are thriving on the back of high
demand for XPP foam from the consumer products, construction, and
automotive industries.
In Nov 2022, LyondellBasell
announced its propylene manufacturing capacity expansion at
Houston, Texas, USA.
Extruded Polypropylene (XPP) Foam Industry News:
In May 2024, Kuraray Co., Ltd.
announced the manufacturing of a blister-resistant grade of
GENESTAR product for heat-resistant polyamide resin, which
significantly decreases the blister occurrence rate.
Fact.MR's recently updated market report provides detailed
information on the price points of key manufacturers of extruded
polypropylene (XPP) foam across various regions. It also covers
sales growth, production capacity, and anticipated technological
advancements.
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Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, By Type:
- High Density XPP Foam
- Low Density XPP Foam
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, By End Use:
- Automotive
- Packaging
- Building & Construction
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, By Region:
- North America
- Latin America
- Western Europe
- South Asia
- East Asia
- Eastern Europe
- Middle East & Africa
More Valuable Insights:
Fact.MR, in its new offering, presents an unbiased analysis of
the global extruded polypropylene foam market, presenting
historical data for 2019 to 2023 and forecast statistics for 2024
to 2034.
The study reveals essential insights based on type (high-density
XPP foam, low-density XPP foam) and end use (automotive, packaging,
building & construction), across major seven regions of the
world (North America, Latin America, Western Europe, Eastern Europe, East
Asia, South Asia &
Pacific, and the Middle East &
Africa).
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About Us:
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we deliver deep analysis, uncovering market trends, growth paths,
and competitive landscapes. Renowned for its commitment to accuracy
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SOURCE Fact.MR