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Pulished Date February, 2020
ID: 8112
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Extruded Polypropylene (XPP) Foam Market - By Type (Low-Density, High-Density), By End-use Industry (Automotive, Packaging, Building & Construction, & Electrical & Electronics), & By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Analysis on Size, Share, Growth, Trends, Insights & Forecast | 2020 - 2025

Pulished: February, 2020
ID: 8112
Pages: 177

Extruded Polypropylene (XPP) Foam Market Analysis Report (2020 - 2025)

The global Extruded Polypropylene (XPP) Foam Industry was expected to worth USD 699.9 million in 2020 and is predicted to reach USD 1,048.3 million by 2025, at a CAGR of 6.4% over the foreseen period. 

Expanded polypropylene (XPP) is a kind of closed-cell bead foam with distinct properties like repellence to multiple impacts, thermal insulation, water, and chemical repellence, extended strength, and recyclability. As the word explains, extruded polypropylene foam is made by extruding a combination of a physical blowing agent, polypropylene resin, with high melting strength and elasticity and nucleating agent. This foam is mainly employed in building and construction, automotive, and other end-use businesses. The employment of low-density foam in the automotive industry is predicted to rise quickly on account of increasing call in the making of engine sheds, door liners, roof trunk liner for impact shielding.

Extruded Polypropylene (XPP) foam is typically obtained by extruding a mixture of a polypropylene resin. It offers high features such as multiple impact resistance, water and chemical resistance, high strength, thermal insulation, and recyclability. Owing to its versatile features, it is broadly employed in automotive, building, packaging, and other businesses. Extruded polypropylene foam is recyclable and eco-friendly in character.

Recent Developments 

Pregis made funding in European operations to assist growing protective packaging needs. The company recently started a new energy-efficient unit in Stevenage, UK, which includes a Customer Experience and Paper Specialist Centre (PSC) at the same place.

Extruded Polypropylene (XPP) Foam Market Drivers & Restraints

The escalating call for XPP foam from the automotive end-use business is predicted to drive the expansion of the global XPP foam industry. After so many years of high expansion, worldwide automobile sales were highly flat in 2020, on account of the slump incall in the world's key industry, China. Business tensions between the U.S and China are one of the factors behind the slowing down of the economy and auto industry. Jaguar Land Rover has taken out a decline in the firm sales owing to poor Chinese call, while Ford has pulled plans to sell a Chinese made Ford focus in the US owing to the effect of business tariffs. The rising automotive industry is one of the key factors driving the global extruded polypropylene (XPP) foam industry worldwide. Extruded polypropylene foam is broadly employed to obtain lightweight automobile parts, like bumper and door liners for vehicles. Nevertheless, the changing raw material costs and the high final product prices might hamper the extruded polypropylene foam industry worldwide.

Nevertheless, the rising call for bioplastics and eco-friendly packaging solutions across the world is predicted to create the latest industry opportunities in the foreseen timeframe. Nevertheless, the lack of awareness and increasing costs of extruded polypropylene foam are known as the key restraints for the expansion of the XPP foam industry. The cost changes of polypropylene are a key concern for makers. The unstable oil costs and future hedging has led to manufacturers searching for substitutes to extruded polypropylene foam. The cost changes have impacted the food packaging industry leading to an escalation in packaging prices that have reduced the profits. The versatile features and prices of the polypropylene foam have made these goods preferable for packaging for a broad variety of foodstuffs. There have been so many changes in the production techniques of chemicals and their respective implementations in different businesses that are predicted to drive the call for the global extruded polypropylene foam market in these areas.

Extruded Polypropylene (XPP) Foam Market Segmentation until 2025 as per the research report.

Extruded Polypropylene (XPP) Foam Market - By Type

  • Low density
  • High density

On the basis of type, the low-density type sector is predicted to account for the most substantial share of the XPP foam industry in the future. The low-density XPP foam industry expansion is supported by the rising call for this product from automotive, protective packaging, and insulation implementations.

Extruded Polypropylene (XPP) Foam Market By End-use

  • Automotive
  • Packaging
  • Building and construction

On the basis of the end-use industry, the automotive sector is predicted to account for the biggest share of the XPP foam industry in the coming years. XPP foam is very much called in automotive and packaging end-use businesses. The automotive end-use business leads to the total XPP foam industry.

Extruded Polypropylene (XPP) Foam Regional Analysis:

  • North America Extruded Polypropylene (XPP) Foam Industry includes U.S, Canada.

  • Europe Extruded Polypropylene (XPP) Foam Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

  • Asia Pacific Extruded Polypropylene (XPP) Foam Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

  • Latin America Extruded Polypropylene (XPP) Foam Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

  • Middle East & Africa Extruded Polypropylene (XPP) Foam Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

The region of North America extruded polypropylene foam industry is driven by rising employment in the automotive industry. The Corporate Average Fuel Economy (CAFÉ) regulation focused on decreasing the pollution caused owing to the high weight of these vehicles is predicted to fuel the consumption of these products in the foreseen timeframe. Asia-Pacific is the quickest rising region rising at a CAGR of 7.2% from 2020 to 2025. The call-in the region is driven by increasing consumption in China, India, and Japan. The rising automobile industry backed by increasing disposable incomes is predicted to have a good impact on the industry call of these goods. The rising contract packaging industry in the region is predicted to have a considerable amount of extruded polypropylene foam over the foreseen period. Europe is a major region in the industry and predicted to rise moderately in the foreseen period. The considerable nations in the area are Germany, UK, and France. The fast innovation on materials employed in the making of automobiles together with an increasing number of automobile OEMs in nations like Austria and Poland is predicted to fuel the call for extruded polypropylene foam.

Extruded Polypropylene (XPP) Foam Key Market Players:

  • Mitsui Chemicals (Japan) 
  • Sekisui Voltek (United States of America) 
  • Sonoco (United States of America) 
  • Sohner Plastics (Germany) 
  • NMC SA (Belgium) 
  • Pregis (United States of America) 
  • Sumitomo Chemical (Japan) 
  • Zotefoams (UK) 
  • Toray (Japan) 
  • Borealis (Austria) 
  • BASF (Germany)
  • Braskem (Brazil) 
  • DS Smith (UK) 
  • JSP Corporation (Japan),
  • Furukawa Electric (Japan).

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Low-Density           

                                5.1.3 High-Density          

                                5.1.4 Y-o-Y Growth Analysis, By Type      

                                5.1.5  Market Attractiveness Analysis, By Type   

                                5.1.6  Market Share Analysis, By Type     

                5.2 End-use Industry                     

                                5.2.1 Introduction           

                                5.2.2 Automotive            

                                5.2.3 Packaging

                                5.2.4 Building & Construction    

                                5.2.5 Electrical & electronics      

                                5.2.5 Y-o-Y Growth Analysis, By End-use Industry              

                                5.2.6 Market Attractiveness Analysis, By End-use Industry            

                                5.2.7 Market Share Analysis, By End-use Industry             

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By End-use Industry

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By End-use Industry

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By End-use Industry

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Mitsui Chemicals                      

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Sekisui Voltek                            

                8.3 Sonoco                         

                8.4 Sohner Plastics                          

                8.5 NMC SA                       

                8.6 Pregis                            

                8.7 Sumitomo Chemical                                

                8.8 Zotefoams                  

                8.9 Toray                            

                8.10 Borealis                     

                8.11 BASF                           

                8.12 Braskem                    

                8.13  DS Smith                  

                8.14 JSP Corporation                      

                8.15 Furukawa Electric                  

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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