DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "Extruded Polypropylene (XPP) Foam Market by Type (Low-Density, High-Density), End-use Industry (Automotive, Packaging, Building & Construction), Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The XPP foam market is projected to grow from USD 751.0 million in 2018 to USD 1048.8 million by 2023, at a CAGR of 6.9%, in terms of value, between 2018 and 2023.

The demand for XPP foam is mainly driven by its properties such as recyclability and eco-friendliness in comparison to other competitive foams, such as PU and PE, and high functional characteristics such as 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 industries such as automotive, packaging, and building & construction. The market is driven by the increasing demand from the automotive industry. However, the rising prices of polypropylene resin, the major raw material, are expected to restrain the growth of the market.

Based on type, the low-density segment is expected to be the fastest-growing segment of the XPP foam market during the forecast period. Low-density polypropylene foam is widely preferred in automotive, protective packaging, and insulation applications due to its properties such as recyclability, light weight, energy efficiency, and sustainability. In automotive end-use industry, 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.

Based on end-use industry, the automotive segment is expected to lead the XPP foam market. OEMs use XPP foam to produce vehicles that are lightweight, energy efficient, and sustainable. It is also used in combination with metals to improve energy absorption and distribution. The low density and recyclability properties are expected to drive the use of XPP foam in the automotive end-use industry during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Macroeconomic Indicators

7 XPP Foam Market, By Type

8 XPP Foam Market, By End-Use Industry

9 XPP Foam Market, By Region

10 Competitive Landscape

11 Company Profiles

Borealis Mitsui Chemicals BASF Sekisui Voltek Sonoco Products DS Smith Plc NMC SA Pregis LLC Zotefoams Plc For more information about this report visit https://www.researchandmarkets.com/research/xbtpfr/global_extruded?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005135/en/

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Related Topics:Plastics



SOURCE: Research and Markets

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PUB: 09/07/2018 06:12 AM/DISC: 09/07/2018 06:12 AM