Extruded Polypropylene (XPP) Foam Market - Forecast(2020 - 2025)

Report Code: CMR 95856 Report Format: PDF + Excel (Delivery in 48 Hrs)
Extruded Polypropylene (XPP) Foam Market size is forecast to reach $1 billion by 2025, after growing at a CAGR of 7.01% during 2020-2025. With rise in the consumption extruded Polypropylene foam (XPP) products such as – lunch box, containers, Ropes, Lab equipment and others, the Polypropylene market is witnessing an increase in demand. Growing public interest towards sustainable and environment-friendly products will further enhance the overall market demand for Extruded Polypropylene foams during the forecast period. 

Report Coverage:-
The report: “Extruded Polypropylene (XPP) Foam – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Extruded Polypropylene (XPP) Foam Industry. 

By Product: Homo Polymer XPP foam, Co-Polymer XPP foam
By End -Use: Automotive, Packaging, Building & Construction, Others
By Geography: North America, South America, Europe, APAC, ROW

Key Takeaways
  • Europe dominates the Extruded Polypropylene (XPP) Foam Market as, Europe is the largest importer of Polypropylene.  
  • Rise in demand of lunch boxes, containers, Ropes, Lab equipments and others, are likely to aid in the market growth of XPP foam.
  • Increasing adoption of sustainable and environment friendly products, implementation of stringent government regulations related to Extruded Polypropylene (XPP) Foam Market will increase the market demand for Extruded Polypropylene.
  • Polypropylene has a high thermal expansion coefficient which limits its high temperature applications which will create small hurdles for the Extruded Polypropylene (XPP) Foam Market.

Product - Segment analysis:-
Co-polymer is expected to be the fastest-growing segment of the Extruded Polypropylene (XXP) Foam Market during the forecast period. Co-polymer extruded 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, co-polymer extruded XPP foam is used in door liners, engine shields, and roof/trunk liners. Co-polymers is a bit softer but has better impact strength. It’s tougher and more durable than homopolymer XPP foam. The use of Co-polymer XPP foam in these applications helps in impact protection and weight reduction of vehicles.

End Use -Segment Analysis:-
Automotive sector is expected to be the largest market for the Extruded Polypropylene Foam (XPP) market because according to the International Organization of Motor Vehicle Manufacturers the Global commercial vehicles sales is likely to reach 100 Million very soon. In automotive sector, vehicle weight reduction has become the most challenging requirement faced by automotive manufacturers and suppliers. Original Equipment Manufacturing (OEM) 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. Apart from this, it is also used in a variety of parts such as bumper fascias, instrumental panels, and door trims. The low density and recyclability properties are expected to drive the use of XPP foam in the automotive industry during the forecast period.

Geography - Segment Analysis
Europe has dominated the Extruded Polypropylene (XPP) Foam market with a share of more than 35%. Europe is the biggest importer of polypropylene, followed by APAC and North America. Countries such as – Germany, Italy, Belgium, France and many others are the main importers of Polypropylene in Europe. According to the production statistics of 2018 released by International Organization of Motor Vehicle Manufacturers, Countries such as Germany, Italy, Belgium, France comes under the top 20 countries throughout the globe. With Belgium producing most vehicles among them and ranked 3rd in the world, Whereas France, Germany and Italy had ranked 11th, 12th & 17th respectively.

Drivers – Extruded Polypropylene (XPP) Foam Market

  • Recyclability of XPP foam
Extruded Polypropylene (XPP) Foam Markets widely used in packaging applications. The packaging industry is driven by the need for solutions that offer cost performance and reduce environmental impact. XPP foam is an excellent sustainable product packaging solution. It is biodegradable and can be recycled easily. This will assist in fostering the development of an eco-friendly environment. This is propelling the demand for global XPP foam market. The increasing awareness and focus towards a greener environment are expected to open huge opportunities in the global XPP market during the forecast period. The stringent rules by governments worldwide regarding the use of biodegradable materials will further boost the demand for XPP foam.

  • Growing demand for XPP in automobiles for weight reduction
The growth of the market in the automotive industry will increase the use of Extruded Polypropylene (XPP) foam in vehicle manufacturing for producing lightweight, energy efficient, and sustainable cars. It is also driven by the growing automotive production, globally. XPP foams have an excellent moisture barrier and chemical resistance which are important for durability and functionality in the presence of hot oil, grease or fuel. Its high heat stability also opens the possibility for under the bonnet applications. XPP foams also have very good cushioning properties, thereby contributing to improved driver and passenger safety.

Challenges – Traffic Marking Paints Market

  • Thermal expansion in Polypropylene
Polypropylene has a high thermal expansion coefficient which limits its high temperature applications. So, during use of Extruded Polypropylene (XPP) in the automotive sector, Industries need to be cautions because this material can only be used, where it should not have any contact with high temperature. If it comes in contact with the high temperature the polypropylene will change its shape. So, the automotive industry need to be always cautions while using this material and since polypropylene is highly flammable also so, continuous contact with high temperature would be life threat also.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Extruded Polypropylene (XPP) Foam Market. In 2019, the market of Extruded Polypropylene has been consolidated by the top five players accounting for xx% of the share. Major players in the Extruded Polypropylene (XPP) Foam markets are - Borealis, Mitsui Chemicals, BASF, Sekisui Voltek and Sonoco Products, among others. 

Acquisitions/Technology Launches
  • In June 2018, Toray Industries acquired a plot measuring about 350,000 m2 in Andhra Pradesh, India, for its local subsidiary Toray Industries (India) Private Limited. The company has decided to establish a new base for its polypropylene (PP) spunbond for hygiene materials business, whose market is expected to expand along with the increasing demand for disposable diapers
  • In May 2017, Borealis had planned to expand its presence by constructing a new compounding plant in Northern California in North America. It is expected to produce 30 kilotons per annum of Daplen and Fibremod PP compounds for the automotive industry by early 2019.

1. Extruded Polypropylene (XPP) Foam Market- Market Overview
    1.1 Definitions and Scope
2. Extruded Polypropylene (XPP) Foam Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Product
    2.3 Key Trends by End Use
    2.4 Key Trends by Geography
3. Extruded Polypropylene (XPP) Foam Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Extruded Polypropylene (XPP) Foam Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Extruded Polypropylene (XPP) Foam Market– Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Extruded Polypropylene (XPP) Foam Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Extruded Polypropylene (XPP) Foam Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Extruded Polypropylene (XPP) Foam Market– By Product (Market Size -$Million, KT)
    8.1 Homo Polymer XPP foam
    8.2 Co-Polymer XPP foam
9. Extruded Polypropylene (XPP) Foam Market– By End User (Market Size -$Million, KT)
    9.1 Automotive
    9.2 Packaging
    9.3 Building & Construction
    9.4 Others
10. Extruded Polypropylene (XPP) Foam Market - By Geography (Market Size -$Million ,KT)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Russia
        10.3.6 Belgium
        10.3.7 Netherlands
        10.3.8 Spain
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 South Korea
        10.4.5 Australia & New Zealand
        10.4.6 Rest of Asia Pacific
    10.5 RoW
        10.5.1 Middle East
            10.5.1.1 UAE
            10.5.1.2 Saudi Arabia
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Extruded Polypropylene (XPP) Foam Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Extruded Polypropylene (XPP) Foam Market- List of Key Companies by Country (Premium) 
14. Extruded Polypropylene (XPP) Foam Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global XPP Foam Market By Type Market 2019-2024 ($M)
1.1 Low-Density XPP Foam Market 2019-2024 ($M) - Global Industry Research
1.2 High-Density XPP Foam Market 2019-2024 ($M) - Global Industry Research
2.Global XPP Foam Market By End-Use Industry Market 2019-2024 ($M)
2.1 Automotive Market 2019-2024 ($M) - Global Industry Research
2.2 Packaging Market 2019-2024 ($M) - Global Industry Research
2.3 Building & Construction Market 2019-2024 ($M) - Global Industry Research
3.Global XPP Foam Market By Type Market 2019-2024 (Volume/Units)
3.1 Low-Density XPP Foam Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 High-Density XPP Foam Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global XPP Foam Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Packaging Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Building & Construction Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America XPP Foam Market By Type Market 2019-2024 ($M)
5.1 Low-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
5.2 High-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
6.North America XPP Foam Market By End-Use Industry Market 2019-2024 ($M)
6.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
6.2 Packaging Market 2019-2024 ($M) - Regional Industry Research
6.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
7.South America XPP Foam Market By Type Market 2019-2024 ($M)
7.1 Low-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
7.2 High-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
8.South America XPP Foam Market By End-Use Industry Market 2019-2024 ($M)
8.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
8.2 Packaging Market 2019-2024 ($M) - Regional Industry Research
8.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
9.Europe XPP Foam Market By Type Market 2019-2024 ($M)
9.1 Low-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
9.2 High-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
10.Europe XPP Foam Market By End-Use Industry Market 2019-2024 ($M)
10.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
10.2 Packaging Market 2019-2024 ($M) - Regional Industry Research
10.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
11.APAC XPP Foam Market By Type Market 2019-2024 ($M)
11.1 Low-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
11.2 High-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
12.APAC XPP Foam Market By End-Use Industry Market 2019-2024 ($M)
12.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
12.2 Packaging Market 2019-2024 ($M) - Regional Industry Research
12.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
13.MENA XPP Foam Market By Type Market 2019-2024 ($M)
13.1 Low-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
13.2 High-Density XPP Foam Market 2019-2024 ($M) - Regional Industry Research
14.MENA XPP Foam Market By End-Use Industry Market 2019-2024 ($M)
14.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
14.2 Packaging Market 2019-2024 ($M) - Regional Industry Research
14.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Extruded Polypropylene Market Revenue, 2019-2024 ($M)
2.Canada Extruded Polypropylene Market Revenue, 2019-2024 ($M)
3.Mexico Extruded Polypropylene Market Revenue, 2019-2024 ($M)
4.Brazil Extruded Polypropylene Market Revenue, 2019-2024 ($M)
5.Argentina Extruded Polypropylene Market Revenue, 2019-2024 ($M)
6.Peru Extruded Polypropylene Market Revenue, 2019-2024 ($M)
7.Colombia Extruded Polypropylene Market Revenue, 2019-2024 ($M)
8.Chile Extruded Polypropylene Market Revenue, 2019-2024 ($M)
9.Rest of South America Extruded Polypropylene Market Revenue, 2019-2024 ($M)
10.UK Extruded Polypropylene Market Revenue, 2019-2024 ($M)
11.Germany Extruded Polypropylene Market Revenue, 2019-2024 ($M)
12.France Extruded Polypropylene Market Revenue, 2019-2024 ($M)
13.Italy Extruded Polypropylene Market Revenue, 2019-2024 ($M)
14.Spain Extruded Polypropylene Market Revenue, 2019-2024 ($M)
15.Rest of Europe Extruded Polypropylene Market Revenue, 2019-2024 ($M)
16.China Extruded Polypropylene Market Revenue, 2019-2024 ($M)
17.India Extruded Polypropylene Market Revenue, 2019-2024 ($M)
18.Japan Extruded Polypropylene Market Revenue, 2019-2024 ($M)
19.South Korea Extruded Polypropylene Market Revenue, 2019-2024 ($M)
20.South Africa Extruded Polypropylene Market Revenue, 2019-2024 ($M)
21.North America Extruded Polypropylene By Application
22.South America Extruded Polypropylene By Application
23.Europe Extruded Polypropylene By Application
24.APAC Extruded Polypropylene By Application
25.MENA Extruded Polypropylene By Application
26.Borealis, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Mitsui Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.BASF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.JSP Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Sekisui Voltek, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Pregis, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sonoco, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.DS Smith, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.NMC SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Zotefoams, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Toray Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Braskem, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Sumitomo Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Sohner Plastics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Furukawa Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)