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APAC is expected to lead the global XPP foam market 2023


The report "Extruded Polypropylene (XPP) Foam Market by Type (Low-Density, High-Density), End-use Industry (Automotive, Packaging, Building & Construction), Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2023", The XPP foam market is projected to grow from USD 751.0 million in 2018 to USD 1048.8 million by 2023, at a CAGR of 6.9% between 2018 and 2023. APAC is expected to lead the global XPP foam market during the forecast period.

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Browse 58 market data Tables and 38 Figures spread through 119 Pages and in-depth TOC of thi9s report.

Scope of the Report
The global XPP foam market has been covered in detail in this report. Current market demand and forecasts have also been included to provide a comprehensive market scenario.
XPP Foam Market, By Type:
  • Low-density
  • High-density
XPP Foam Market, By End-use Industry
  • Automotive
  • Packaging
  • Building & Construction
XPP Foam Market, By Region
  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America
Based on type, the low-density type segment is estimated to account for the largest share of the XPP foam market in 2018. The low-density XPP foam market growth is driven by the increasing demand from automotive, protective packaging, and insulation applications. The automotive industry dominates the consumption of low-density XPP foam. The use of low-density XPP foam in automotive applications helps in impact protection and weight reduction of vehicles.
Based on end-use industry, the automotive segment is estimated to account for the largest share of the XPP foam market in 2018. XPP foam is highly demanded in automotive and packaging end-use industries. The automotive end-use industry dominates the overall XPP foam market. XPP foam is widely used in bumpers, floor acoustic barriers, sun visors, side door panels as energy absorbers, headliners, and so on. It is becoming a preferred choice in the automotive end-use industry as it offers high impact strength while enabling weight reduction to increase the fuel efficiency.

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Key global players of the XPP foam market are Borealis (Austria), Mitsui Chemicals (Japan), BASF (Germany), Sekisui Voltek (US), Sonoco Products (US), DS Smith Plc (UK), NMC SA (Belgium), Pregis LLC (US), and Zotefoams Plc (UK). There is a high competition among these market players, and they focus on organic and inorganic growth strategies to increase their market share and regional footprint. For instance, 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.

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