Global Extruded Polypropylene (XPP) Foam Market Size By Product (Low-density Polypropylene Foam, High-density Polypropylene Foam), By Application (Packaging, Automotive and Transportation), By Geography Scope And Forecast
Report ID: 328146|No. of Pages: 202
Global Extruded Polypropylene (XPP) Foam Market Size By Product (Low-density Polypropylene Foam, High-density Polypropylene Foam), By Application (Packaging, Automotive and Transportation), By Geography Scope And Forecast
Extruded Polypropylene (XPP) Foam Market Size And Forecast
Extruded Polypropylene (XPP) Foam Market size was standing at USD 715.9 Million in 2022 and is estimated to stand at USD 1,100 Million by 2030, developing at a CAGR of 6.9% from 2024 to 2030.
The desire for lightweight cars and environmentally friendly packaging materials is fueling the expansion of the Extruded Polypropylene (XPP) Foam Market globally. Because of their lightweight and high melt strength, these components are in increasing demand in the packaging business, which is expected to boost market demand. The Global Extruded Polypropylene (XPP) Foam Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=328146
Global Extruded Polypropylene (XPP) Foam Market Definition
Foams made of polypropylene are used for many things, including insulating refrigerators and dwellings. Consumers may save their heating and cooling expenditures by using insulating foams. Home builders and customers increasingly gravitate towards construction solutions that yield performance and energy savings over time as the number of building regulations supporting energy-efficient structures increases. The foam created from extruded polypropylene is a plastic material renowned for being green. Both high-density Extruded Polypropylene (XPP) Foam and low-density Extruded Polypropylene (XPP) Foam versions are available.
Extruded Polypropylene (XPP) Foam is mainly utilized in the automobile industry, although it also finds usage in packaging, building & construction, and other industries. These products are preferred for packaging various meals due to polypropylene foam’s adaptable qualities and affordable price. Containers, pots, cylinders, tubes, pouches, and wrapping films are a few examples of packaging formats. Over the course of the projection period, it is anticipated to overtake other flexible packaging materials in usage. The expansion of these items will be aided by the increased demand for kitchenware made of eco-friendly materials and reusable water bottles.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=328146
Global Extruded Polypropylenes Foam Market Overview
Due to growing demand from the automotive production sectors, which are implementing new technologies targeted at lightening up autos, the need for XPP foam is predicted to increase. The emphasis on lightweight materials used in crucial automobile components is anticipated in the new emission laws implemented internationally. It is anticipated that increased consumer awareness of lightweight automobiles and improved fuel economy would increase demand for these items. For manufacturers, the price volatility of polypropylene is a significant problem.
Extruded Polypropylene (XPP) Foam has been replaced by manufacturers looking for alternatives due to the volatile oil costs and future hedging. Price swings have an impact on the food packaging sector, driving up expenses and driving down profitability. The desire for lightweight cars and environmentally friendly packaging materials is fueling the expansion of the Extruded Polypropylene (XPP) Foam Market globally. Because of their lightweight and high melt strength, these components are in increasing demand in the packaging business, which is expected to boost market demand.
Global Extruded Polypropylene (XPP) Foam Market Segmentation Analysis
The Global Extruded Polypropylene (XPP) Foam Market is Segregated Based on Product, Application, and Geography.
Extruded Polypropylene (XPP) Foam Market, By Product
- Low-density polypropylene foam
- High-density polypropylene foam
Based on Product, the market is segmented into Low-density Polypropylene Foam, High-density Polypropylene Foam, and Others. Low-density polypropylene foam will take over due to its properties such as structure, tough chemicals, non-reactive and high-temperature resistance.
Extruded Polypropylene (XPP) Foam Market, By Application
- Packaging
- Automotive and Transportation
- Building and Construction
Based on Application, The global extruded polypropylene market is further distributed into Packaging, Automotive and Transportation, Building, and Construction. Automotive and transportation is the leading segment in the global market owing to their rising use in lightweight automobile manufacturing.
Extruded Polypropylene (XPP) Foam Market, By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Based on Geography, the global automotive ignition systems market is divided into Asia Pacific, North America, Middle East, Europe, and Latin America. North America leads the Extruded Polypropylene (XPP) Foam Market due to growing applications in the automotive industry. Asia Pacific will be growing at a staggering rate.
Key Players
The Global Extruded Polypropylene (XPP) Foam Market report also offers clear insights into the competitive landscape and the leading players in the global market. The leading players in Global Extruded Polypropylene (XPP) Foam Market are BASF SE, Borealis AG, DS Smith PLC, JSP Corporation, Mitsui Chemicals, Sekisui Voltek, LLC, Pregis LLC, NMC SA, Toray Industries, Inc., Braskem, and W.R Grace.
Our market evaluation also includes a specially dedicated sector for major players. Our analysts offer a transparent view of the financial overview of all the key players, along with product benchmarking and SWOT analysis.
Key Developments
- In April 2020, Borealis AG and NOVA Chemicals declared that Borealis had finalized its acquisition of NOVA Chemical with 50% ownership in Novealis Holdings.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Extruded Polypropylene (XPP) Foam Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Extruded Polypropylene (XPP) Foam Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | BASF SE, Borealis AG, DS Smith PLC, JSP Corporation, Mitsui Chemicals, Sekisui Voltek, LLC, Pregis LLC, NMC SA, Toray Industries, Inc., Braskem, and W.R Grace. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Top Trending Reports:
Global Anti-Slip Additives Market Size And Forecast
Global Coupling Agents Market Size And Forecast
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
