The major players in the extruded polypropylene foam market include BASF SE, DS Smith PLC, Borealis AG, Mitsui Chemicals, Inc., JSP Corporation, Sekisui Voltek, LLC, Pregis LLC, NMC SA, Toray Industries, Inc., Braskem, W.R Grace. The extruded polypropylene foam market is anticipated to witness an impressive growth rate in the future. The growing demand from the automotive end-use industry is anticipated to propel the growth. The application of low-density extruded polypropylene foam in automotive applications helps in impact protection and weight reduction of vehicles drives its demands in the same sector. Rapid industrialization blended with improved living standards in the emerging economies also positively influences the growth of this market. On the other hand, the lack of awareness and price volatility of extruded polypropylene foam is evaluated as the main impediment for the growth of the XPP foam market. However, the growing demand for reusable bottles and kitchenware developed from the eco-friendly and recyclable material creates lucrative prospects for the manufacturers. The ongoing COVID-19 pandemic has benchmarked rapid shifts in the market, which is likely to impact the global growth of the extruded polypropylene foam market.
The entire extruded polypropylene foam market has been sub-categorized into product and application. current and future demand for extruded polypropylene foam market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
By Product
- Low Density XPP Foam
- High Density XPP Foam
By Application
- Transportation
- Packaging
- Building & Construction
- Others
Source: https://www.valuemarketresearch.com/report/extruded-polypropylene-foam-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.