San Francisco, 27 March 2019: The Report Extruded Polypropylene (XPP) Foam Market Analysis By Product (Low density, High
density), By Application (Transportation, Packaging, Building &
Construction), By Region, And Segment Forecasts, 2018 - 2025
The global extruded
polypropylene (XPP) foam market is expected to reach USD 1.07 billion by
2025, according to a new report by Grand View Research, Inc. The growing demand
for extruded polypropylene foam in automobiles and packaging industry is
expected to boost market growth.
The
demand for extruded polypropylene foam is high due to its high strength to
weight ratio and durability. Extruded polypropylene foam is available in
low-density and high-density foam types. The market share of low-density foam
is high due to its growing demand in the automobile industry. The demand for
high-density foam is expected to grow rapidly over the forecast period owing to
rising application in the construction industry.
Asia
Pacific and Europe are the major regional markets. The presence of a large
number of manufacturing facilities coupled with growing end-use industries is
driving the demand for extruded polypropylene foam in these regions. The
growing demand in emerging countries such as China, India, and Romania is
expected to boost the market growth over the forecast period.
Access
Research Report of Extruded Polypropylene Foam Market @ http://www.grandviewresearch.com/industry-analysis/extruded-polypropylene-xpp-foam-market
Further key findings
from the report suggest:
· High
density XPP foam is projected to grow at a CAGR of 7.7% from 2017 to 2025 owing
to increased demand from packaging and building & construction industry
· Transportation
application segment is anticipated to grow at a CAGR of 7.1% from 2017 to 2025
owing to rising research on automotive materials
· Building
& Construction application segment is anticipated to grow at a CAGR of 6.4%
from 2017 to 2025 owing to growing infrastructure investments in emerging
economies
· Asia
Pacific accounted for 52% of the global market share in 2016 owing to rapid
expansion by manufacturers in countries such as China and India
· Central
& South America extruded polypropylene foam market is expected to grow from
USD 28.8 million in 2016 to USD 49.8 million in 2025 owing to growing demand in
Brazil
· The
market is highly fragmented with the presence of a large number of small and
large manufacturers
· Manufacturers
are highly engaged introduction of better quality products that are well suited
to the end-use application.
Browse more
reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand
View Research has segmented the extruded polypropylene foam market on the basis
of product, application, and region:
Product Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Low
density XPP foam
·
High
density XPP foam
Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Transportation
·
Packaging
·
Building
& Construction
·
Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
North
America
o U.S.
o Canada
·
Europe
o Germany
o Italy
o France
·
Asia
Pacific
o China
o Japan
o India
o South Korea
·
Central
& South America
o Brazil
·
Middle
East & Africa
Access Press Release of Extruded Polypropylene Foam Market@ https://www.grandviewresearch.com/press-release/global-extruded-polypropylene-xpp-foam-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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