Market Overview –
An annual CAGR of over 6% is projects in the global extruded polypropylene foam market over this period. The growing need for high-quality foams in the automotive and construction industries is one of the primary drivers of this market. Extrude polypropylene foam’s high price is projects to be a hindrance to the market’s expansion.
Increase need for lightweight autos, development and expansion in packaging, and rising disposable income are just some of the reasons polypropylene foam market is predicter to rise over this forecast period. As the need for new products grows, major players in the market are working hard to stay ahead of the curve by implementing extensive and ongoing technological adjustments. For example, Austrian chemical manufacturer Borealis AG struck a strategic relationship with Greentech packaging business Bockatech in 2018 to create foam injection moulding solutions for recyclable and reusable packaging.
Manufacturers expect to increase R&D spending because consumers are becoming more aware of sustainability and prefer companies with green practises. The polypropylene foam market is likely to develop during the forecast period as a result of the chemical industry’s focus on sustainability. On the other hand, fluctuating raw material prices and growing public concern about the environmental harm cause by these materials are expects to restrain market expansion somewhat in the coming years.
Market Dynamics –
The global market for extrude polypropylene foam (XPP) is increasing at a rapid rate because of its exceptional characteristics and recyclability. Extrude polypropylene (XPP) foam is expects to be in high demand in the coming years due to the expanding automotive industry’s need for higher-quality foams.
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Extrude polypropylene (XPP) foam market expansion would be hampers by a lack of consumer knowledge of XPP foams. This means that market players may soon be able to cash in on the great growth potential of emerging countries.
Market Scope –
An in-depth look at the chemicals and materials business, with a focus on worldwide market trends, can be found in “Global Extrude Polypropylene (XPP) Foam Market Analysis to 2028.” According to this analysis, the extrude polypropylene foam market is expects to grow at a CAGR of 7.6% during the next five years. Over the next few years, the global extrude polypropylene (XPP) foam market is predicter to rise at a rapid pace. Extrude polypropylene (XPP) foam market companies are profile in the analysis, as well as important industry trends and opportunities.
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Competitive Landscape –
Competition in the extrude polypropylene (XPP) foam industry can be view by rival. Information on firm overview, financials (revenue and profit), investment in R&D, new product efforts and global presence are among the topics include in this section. Also include are product launch, product width and breadth and application domination. Extrude polypropylene (XPP) foam is the only market on which the companies listee above have focuses their efforts.
Key Players –
Hanwha Advanced Materials America
Mitsui Chemicals, Inc.
FURUKAWA ELECTRIC CO., LTD.
Sonoco Products Company
K. Nag Ltd.
Synbra Technology bv
DS Smith Plc
Sekisui Alveo GmbH
Woodbridge Foam Corporation
By Type –
Expanded Polypropylene (EPP) Foam
Extruded Polypropylene (XPP) Foam
By Applications –
By Regions –
Middles East & Africa