Extruded Polypropylene Foam Market is projected to reach USD 931.1 million by 2021

NEW YORK, May 15, 2017 /PRNewswire/ -- Highlights

•         High melt strength and lightweight properties offered by extruded polypropylene (XPP) foam is expected to drive the growth of the market extruded polypropylene (XPP) foam market during the forecast period, 2016 to 2021

•         The extruded polypropylene (XPP) foam market is projected to reach USD 931.1 million by 2021, at a CAGR of 7.3% from 2016 to 2021.

•         Volatility in the prices of raw materials used for manufacturing extruded polypropylene (XPP) foams directly impact their prices, which acts as a restraint for the growth of the extruded polypropylene (XPP) foam market.

•         High density foams have higher compressive strength and energy absorption characteristics in comparison to low density foams.

•         The Asia-Pacific extruded polypropylene (XPP) foam market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021.

High melt strength and lightweight properties offered by extruded polypropylene (XPP) foam is expected to drive the growth of the market extruded polypropylene (XPP) foam market during the forecast period, 2016 to 2021.

The extruded polypropylene (XPP) foam market is projected to reach USD 931.1 million by 2021, at a CAGR of 7.3% from 2016 to 2021. The growth of the extruded polypropylene (XPP) foam market is driven by the increasing use of extruded polypropylene foams in automobiles for weight reduction. The extruded polypropylene (XPP) foams are also being increasingly used in the packaging end-use industry due to their high melt strength, excellent chemical resistance, lightweight, and high durability. Volatility in the prices of raw materials used for manufacturing extruded polypropylene (XPP) foams directly impact their prices, which acts as a restraint for the growth of the extruded polypropylene (XPP) foam market.

Among types, the high density segment of the extruded polypropylene (XPP) foam market is projected to grow at the highest CAGR during the forecast period.

High density foams have higher compressive strength and energy absorption characteristics in comparison to low density foams. High density foam is mainly used in the packaging end-use industry as they have the ability to protect even the most sensitive and highest-quality products from damage even after repeated loading. They are largely used in packaging and automotive end-use industries to attain high energy absorption, which optimizes energy management. These foams offer high stability and strength, owing to their high strength-to-weight ratio and load bearing structural support. This, in turn, leads to increased adoption of high density foams in varied end-use industries, thereby fueling the growth of the high density type segment of the extruded polypropylene (XPP) foam market during the forecast period.

The Asia-Pacific extruded polypropylene (XPP) foam market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021.

The Asia-Pacific extruded polypropylene (XPP) foam market is projected to grow at the highest CAGR during the forecast period, in terms of both, value as well as volume. Growing purchasing power of consumers, developing infrastructure, increasing demand for extruded polypropylene (XPP) foams from various end-use industries, and global shift in the production capacities of various leading companies from developed countries to the Asia-Pacific region are the major factors leading to the growth of the Asia-Pacific extruded polypropylene (XPP) foam market.

Extensive primary interviews have been conducted to determine and verify the market sizes of various segments and subsegments obtained from the data gathered through secondary research. The breakdown of primary interviews has been given below.

 By Company Type - Tier 1  56%, Tier 2  33%, and Tier 3  11%

 By Designation - C level  45%, D level  33%, and Others  22%

 By Region - North America  28%, Europe  22%, Asia-Pacific  20%, South America 13%, and the Middle East & Africa  17%

The key companies profiled in this market research report are Borealis AG (Austria), Mitsui Chemicals (Japan), Sekisui Voltek, LLC (U.S.), Sonoco Products Company (U.S.), DS Smith Plc (U.K.), NMC SA (Belgium), Pregis LLC (U.S.), and Zotefoams Plc (U.K.).

Research Coverage:

This report covers the consumption of extruded polypropylene (XPP) foam across different end-use industries and regions. It aims at estimating the market size and future growth potential of the extruded polypropylene (XPP) foam market across different segments based on type, end-use industry, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the extruded polypropylene (XPP) foam market, along with their company profiles, SWOT analyses, recent developments, and key market strategies.

Key Benefits of Buying the Report:

This report aims at helping the market leaders/new entrants in the extruded polypropylene (XPP) foam market by providing them the closest approximations of the revenues for the overall extruded polypropylene (XPP) foam market and its subsegments. This report aims at helping stakeholders to obtain an improved understanding of the competitive landscape of the market and gain insights to improve the position of their businesses by making suitable market strategies. This report also aims at helping the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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