Skip to main content

Extruded Polypropylene (XPP) Foam : Analysis of Potential Market Opportunity Worth USD 1.048.8 million

 

The XPP foam market is projected to grow from USD 751.0 million in 2018 to USD 1,048.8 million by 2023, at a CAGR of 6.9% between 2018 and 2023. APAC is estimated to be the largest consumer of XPP foam in 2018.

Browse 58 market data Tables and 38 Figures spread through 119 Pages and in-depth TOC on "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"

Request Report Sample At https://www.marketsandmarkets.com/requestsampleNew.asp?id=136854934



Based on end-use industry, the automotive segment is expected to lead the XPP foam market during the forecast period.

The automotive segment is expected to be the fastest-growing end-use industry of the XPP foam market during the forecast period. The growth of the market in the automotive industry is attributed to the increasing use of XPP foam in vehicle manufacturing for producing lightweight, energy efficient, and sustainable cars. It is also driven by the growing automotive production, globally.

APAC is expected to lead the XPP foam market during the forecast period.

Asia Pacific is expected to be the largest market for XPP foam during the forecast period. The XPP foam market in this region is primarily driven by the growing automotive industry, especially in China, India, and other Southeast Asian countries, and huge investments from automotive OEMs to cater the growing demand from this region.

Borealis is one of the top players in the XPP foam market. It has an extensive product portfolio and global presence. The company is one of the leading producers of polyolefins, globally. The company provides XPP foam through its polyolefins segment which serves automotive, energy, consumer products, packaging, and pipe and fitting applications. In vehicles, Borealis polyolefin plastic materials are used in a wide range of exterior, interior, and under-the-bonnet applications, including bumpers, body panels, trims, dashboards, door claddings, climate control and cooling systems, air intake manifolds, and battery cases.

The company focuses on both organic and inorganic growth strategies to enhance its market presence and revenue. The company intends 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. In October 2017, the company entered into a formal cooperation with Reach Plastic Industrial Co., Ltd. (Taiwan). The collaboration helps strengthen its position as a global polypropylene (PP) foam base resin and technology provider. The company is expected to be a key player in the polypropylene foam market during the forecast period.

Speak to our Analyst At https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=136854934

Some of the major players in the XPP foam market include 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). Investment & expansion is the key strategy adopted by the market players to achieve growth in the XPP foam market. This strategy accounted for the largest share of all the strategies adopted by the market players to expand their global presence and increase their share in the XPP foam market between 2015 and 2018. For instance, Toray Industries has acquired a plot measuring about 350,000 m2 at 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, whose market is expected to expand along with the increasing demand for disposable diapers. The new facility will have an annual production capacity of about 18,000 tons and is scheduled to start operations in April 2020. The expansion will help cater to the growing demand from manufacturing industries such as automotive, home electric appliances, chemicals, pharmaceuticals, and construction machinery. Beside investment & expansion, the companies adopted merger & acquisition, new product launch, and partnership & collaboration to expand their market share and distribution network. These strategies also accounted for a significant share in the total number of growth strategies adopted by the players in the global XPP foam market between 2015 and 2018.

Read More Insights At https://www.prnewswire.com/in/news-releases/extruded-polypropylene-xpp-foam-market-worth-9311-million-usd-by-2021-620700013.html

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 

 

Labels:

Comments

Post a Comment

Popular posts from this blog

Imerys S.A. (France) and Omya AG (Switzerland) are the Key Players in the Calcite Market

  In terms of value, the global Calcite Market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Browse 105 Market Data Tables and 36 Figures spread through 145 Pages and in-depth TOC on  "Calcite Market”.  Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=50319659 Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK Company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate...
Post a Comment
Read more

Asia Pacific accounted for a major share of the fiberglass roving market

  The fiberglass roving market is projected to grow from USD 8.24 billion in 2018 to USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. Browse 78 market data Tables and 47 Figures spread through 133 Pages and in-depth TOC on  "Fiberglass Roving Market by Fiber Glass Type (E, ECR, H, AR, S),Product Type(Single-end, Multi-end, Chopped),End-use Industry (Transportation, Construction, Electrical & Electronics, Pipe & Tank, Wind, Aerospace, Marine),and Region Global Forecast to 2023" Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=132583551 Owens Corning focuses on capacity expansions to meet the growing demand for fiberglass roving used in specialty composites. In addition, the company focuses on new product launches to maintain a competitive edge in the market. The company recently has launched roving products under the brands HydroStand, WindStrand, PipeStrand, PulStrand, and Perfomax. The company h...
Post a Comment
Read more

PTFE Membrane Market by Type, Application, and Region to 2025

The PTFE Membrane Market was valued at USD 1.49 Billion in 2015, and is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing use of PTFE membranes for water filtration and waste water management and acceptance of PTFE membrane in the medical & pharmaceutical industry are expected to drive the market for PTFE membrane. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243714287 The demand for PTFE membranes in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the oil & gas, water treatment, and chemical industry. The fluctuation in oil & gas prices is challenging the PTFE membranes market. The demand for PTFE membranes is rising, owing to the good physical properties and stringent regulations for emission and industrial waste treatment. Furthermore, the increasing demand for treated water in emerging provide growth opportunities to the market. On th...
Post a Comment
Read more