Extruded Polypropylene (Xpp) Foam Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Sigma-Aldrich and BASF SE.

The prime factor propelling the extruded polypropylene (XPP) foam market growth is the growing demand for lightweight materials and the increasing need for sustainable and eco-friendly materials in various industrial domains such as automotive, packaging, and building & construction.

The extruded polypropylene (XPP) foam market is expected to grow steadily over the forecast period.

Extruded polypropylene (XPP) foam is a product manufactured from polypropylene resin. XPP foam is a popular option for various applications across numerous sectors like automotive, transportation, buildings, appliances, and packaging, as it provides good cushioning, thermal insulation, impact resistance, and sustainability. In addition, XPP foam is recyclable and reusable, making it an environmentally sustainable substitute for other foam products. As a result, the demand for lightweight materials in the above industries is increasing, simultaneously boosting the demand for extruded polypropylene (XPP) foam. Furthermore, new product launches are also to drive market growth. For instance, in April 2021, Sulzer Chemtech and Borealis launched new polypropylene foam extrusion technology for packaging manufacturers to reduce the costs associated with material supply, warehousing, and intermediate transportation. In addition, in 2021, the Japanese chemical manufacturer Toray Industries introduced a new XPP foam product named "TORAYCA® XF2," a high-strength foam material with exceptional impact resistance and light weight.

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The extruded polypropylene (XPP) foam market has been segmented into type, end-use industry, and geography.

Based on the type, the market has been segmented into low-intensity and high-intensity.
Based on the end-use industry, the market has been segmented into packaging, automotive, building & construction, and others.

By region, Asia Pacific is expected to retain a considerable market share due to the growing usage of XPP foam in car interiors, headliners, and dashboards in the automotive sector. Furthermore, XPP foam is also used in various applications such as furniture padding, insulation, and soundproofing, propelling their market demand in Asia Pacific. In addition, North America is expected to grow due to the growing demand for packaging applications.

The Covid-19 pandemic has caused a decrease in demand for XPP products in specific industries, such as automotive and construction, as the pandemic led to a reduction in consumer spending and a slowdown in construction activities. In addition, the closure of non-essential businesses and lockdown measures in many countries further affected the demand for XPP packaging products.

The major players covered in the extruded polypropylene (XPP) market are USEON, SEKISUI CHEMICAL CO., LTD., Sigma-Aldrich, BASF SE, NMC SA, JSP Corporation, Pregis LLC, Sumitomo Chemical, DS Smith, and Furukawa Electric Co. Ltd.

This extruded polypropylene (XPP) market has been analyzed into the following segments:

• By Type

o Low intensity
o High intensity

• By end-use industry

o Packaging
o Automotive
o Building & Construction
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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