Global Extruded Polypropylene Foam Market By Product (Low-density XPP foam, High-density XPP foam) By Application (Transportation, Packaging, Building & Construction, Others) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Estimate 2022-2032

Extruded Polypropylene Foam Market Overview:

With a CAGR of 6.2%, the global extruded polypropylene foam market was valued at USD 798.24 million in 2021.

Market growth is being driven by increasing demand for lightweight vehicles and environmentally-friendly packaging materials. These materials are highly sought-after in the packaging sector due to their lightweight and high melt strength. Market demand is expected to continue to grow.

The Extruded Polypropylene Foam is expected to increase quickly due to increased demand from the automobile manufacturing industry that uses new technologies to reduce automobile weight. Lightweight materials are expected to be given more importance in the new global emission regulations. This is due to increased awareness of lightweight vehicles and better fuel efficiency.

Global Extruded Polypropylene Foam Market Scope:

Product Analysis

The market segments include low-density and high-density propylene foam. Low-density is non-reactive, hardy to chemicals, and has high-temperature resistance. The foam is used extensively in the construction and automotive industries. Because of the rising demand for engine sheds and roof trunk lines, as well as roof trunk lines and door liners, low-density foam will be increasingly used in the automotive sector.

Extruded Polypropylene Foam with high density has a higher compressive force and energy absorption rate than low-density XPP Foam. Because it is able to protect goods against all kinds of impact, high-density XPP foam finds its use in packaging. The automobile industry has a high demand for the product due to its energy management, light weight, durability, high functionality, and recyclability.

Application Analysis

Extruded polypropylene foam is used in a variety of applications, including transport, packaging, and building & construction. Because of the increasing demand for these materials in light vehicle manufacturing, transportation is the main application. These products are highly sought after due to their strength and resistance to temperature. Market growth is expected to be boosted by the overview of new manufacturing technologies and increased improvement in automotive materials over the estimated period.

In 2021, the market share for building and construction was around 35.2%. It is used in theater construction and auditorium construction where sound protection is important. Due to its shock resistance, it is used in earthquake-resistant constructions. These products have a high melting strength and chemical confrontation, which is driving their increased use in the manufacture of electric equipment.

Extruded polypropylene foam, which is recyclable, will be more popular due to the rising dangers posed by plastic consumption in the wrapping sector.

Key Market Segments:

By Product

• Low-density XPP foam
• High-density XPP foam

By Application

• Transportation
• Packaging
• Building & Construction
• Others

Market Dynamics:

Germany is known for its speedy innovation in the engineering and automobile industry. This is expected to increase the demand for these products due to increased automobile sales. Market demand will be boosted by increasing awareness among consumers about the benefits of eco-friendly packaging in FMCG products. Over the estimated period, market growth will be influenced by Pearl Foam GmbH and BASF.

Polypropylene foam’s versatility and cost-effectiveness make it a popular choice for packaging many foodstuffs. There are many packaging options available, including containers, pots or cylinders, tubes and tubes, pouches as well wrapping films. It is expected that it will be the most commonly used flexible packaging material during the estimated period. This is due to the rising demand for reusable containers and kitchenware made from eco-friendly materials.

Manufacturers worry about the volatility in the price of polypropylene. Manufacturers have been searching for alternatives to extruded, polypropylene foam because of the uncertain oil prices. Food packaging has seen price fluctuations that have resulted in higher packaging costs, which have impacted profits.

Regional Analysis

The automotive industry is driving the North American extruded propylene foam market. Over the estimated period, the Corporate Average Fuel Economy (CAFE), a regulation that aims to reduce pollution due to high-weight vehicles, is expected to increase the demand for these products. Market growth will be further boosted by the presence of major automotive manufacturers like Ford and General Motors.

Asia-Pacific is the fastest-growing area, growing at 8.2% between 2013 and 2032. Rising consumption in China and India drives the demand for these products in this region. These products will be in demand due to the growing automotive industry and rising disposable incomes.

Over the estimated period, the growing contract packaging industry will consume significant amounts of extruded propylene foam. These products will be more in demand due to the increasing investment in infrastructure in emerging economies.

Europe is a major market region and is expected to expand moderately in the estimated period. France, Germany, and the UK are the major players in this region. Extruded polypropylene foam will be in demand due to the rapid advancement in materials for automobile manufacturing and the increasing number of automotive OEMs in countries like Austria and Poland.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Globally, there are many large multinationals as well as small manufacturers that operate in high-volume production. This makes the market highly competitive. Extruded polypropylene foam market companies are fully integrated, from the production of the foam to the distribution and sales of the products to various places.

Market players are focusing on expansion and distribution enhancement to improve their position. Businesses operate through vast production capabilities spread throughout the globe. In order to maximize future profits, manufacturers have formed partnerships with the end-use industries. To increase their market share, companies are trying to create application-specific products. The major industry participants are:

Маrkеt Kеу Рlауеrѕ:

• BASF SE
• DS Smith PLC
• Borealis AG
• Mitsui Chemicals Inc
• JSP Corporation
• Sekisui Voltek LLC
• Braskem
• W.R Grace
• Other Key Players

For the Extruded Polypropylene Foam Market research study, the following years have been considered to estimate the market size: