Global Extruded Polypropylene Foam Market Size Study, by Type (Low-Density, High-Density), End-use Industry (Automotive, Packaging, Building & Construction), and Regional Forecasts 2022-2032

Description

The Global Extruded Polypropylene Foam Market is estimated to be valued at USD 1.04 billion in 2023 and is projected to grow at a robust CAGR of 6.90% during the forecast period 2024-2032, reaching USD 1.90 billion by 2032. Extruded polypropylene (XPP) foam, renowned for its exceptional thermal insulation, lightweight properties, and recyclability, is increasingly finding applications in industries such as automotive, packaging, and building & construction. These unique attributes make XPP foam a preferred choice for manufacturers seeking sustainable and cost-effective solutions in high-performance environments.

With growing concerns over environmental impact, industries worldwide are transitioning toward lightweight, energy-efficient materials, thereby boosting the adoption of XPP foam. Particularly in the automotive sector, the demand for lightweight components is driving the integration of XPP foam into vehicle parts to enhance fuel efficiency and reduce emissions. Simultaneously, the packaging industry is leveraging the foam's shock-absorbing capabilities to ensure product safety during transportation. Advances in extrusion technology are further enhancing the performance characteristics of XPP foam, broadening its applicability across diverse sectors.

The rapid pace of urbanization and infrastructural development across emerging economies is expected to significantly fuel the demand for XPP foam in the building & construction sector. Additionally, manufacturers are increasingly focusing on improving the foam's structural integrity and thermal properties to align with stringent regulatory standards in developed markets. However, challenges such as fluctuating raw material costs and high initial capital investments in production technology might slightly impede market growth during the forecast period.

Geographically, the extruded polypropylene foam market is witnessing robust growth across various regions. In 2023, North America held the largest market share, attributed to strong demand from the automotive and packaging sectors, coupled with the region's focus on sustainable material solutions. Meanwhile, the Asia Pacific region is anticipated to register the fastest growth, driven by increasing industrialization, expanding construction activities, and a burgeoning automotive sector in countries like China, India, and Japan. Europe continues to hold a significant position in the market due to its stringent environmental regulations and focus on lightweight materials in automotive applications.

Major market players included in this report are:

1. Borealis AG
2. BASF SE
3. Mitsui Chemicals, Inc.
4. JSP Corporation
5. Sekisui Chemical Co., Ltd.
6. Pregis Corporation
7. Sonoco Products Company
8. Toray Industries, Inc.
9. SABIC
10. Zotefoams PLC
11. Trexel Inc.
12. Kingspan Group PLC
13. DS Smith PLC
14. Knauf Industries
15. Polymer Technologies, Inc.

The detailed segments and sub-segment of the market are explained below:

By Type:

Low-Density
High-Density

By End-Use Industry:

Automotive
Packaging
Building & Construction

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Extruded Polypropylene Foam Market Executive Summary

1.1. Global Extruded Polypropylene Foam Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By End-use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Extruded Polypropylene Foam Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Extruded Polypropylene Foam Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Durable and Heat-Resistant Materials
- 3.1.2. Technological Innovations in Adhesive Formulations
- 3.1.3. Rising Industrialization and Infrastructure Development
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Stringent Regulatory Standards
3.3. Market Opportunities
- 3.3.1. Development of Eco-Friendly and Recyclable Foil Tapes
- 3.3.2. Expansion in Emerging Markets
- 3.3.3. Innovation in Customizable Tape Solutions

Chapter 4. Global Extruded Polypropylene Foam Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Extruded Polypropylene Foam Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Extruded Polypropylene Foam Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Low-Density
- 5.2.2. High-Density

Chapter 6. Global Extruded Polypropylene Foam Market Size & Forecasts by End-use Industry 2022-2032

6.1. Segment Dashboard
6.2. Global Extruded Polypropylene Foam Market: End-use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Automotive
- 6.2.2. Packaging
- 6.2.3. Building & Construction

Chapter 7. Global Extruded Polypropylene Foam Market Size & Forecasts by Region 2022-2032

7.1. North America Extruded Polypropylene Foam Market
- 7.1.1. U.S. Extruded Polypropylene Foam Market
  - 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. End-use Industry Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Extruded Polypropylene Foam Market
7.2. Europe Extruded Polypropylene Foam Market
- 7.2.1. U.K. Extruded Polypropylene Foam Market
- 7.2.2. Germany Extruded Polypropylene Foam Market
- 7.2.3. France Extruded Polypropylene Foam Market
- 7.2.4. Spain Extruded Polypropylene Foam Market
- 7.2.5. Italy Extruded Polypropylene Foam Market
- 7.2.6. Rest of Europe Extruded Polypropylene Foam Market
7.3. Asia Pacific Extruded Polypropylene Foam Market
- 7.3.1. China Extruded Polypropylene Foam Market
- 7.3.2. India Extruded Polypropylene Foam Market
- 7.3.3. Japan Extruded Polypropylene Foam Market
- 7.3.4. Australia Extruded Polypropylene Foam Market
- 7.3.5. South Korea Extruded Polypropylene Foam Market
- 7.3.6. Rest of Asia Pacific Extruded Polypropylene Foam Market
7.4. Latin America Extruded Polypropylene Foam Market
- 7.4.1. Brazil Extruded Polypropylene Foam Market
- 7.4.2. Mexico Extruded Polypropylene Foam Market
- 7.4.3. Rest of Latin America Extruded Polypropylene Foam Market
7.5. Middle East & Africa Extruded Polypropylene Foam Market
- 7.5.1. Saudi Arabia Extruded Polypropylene Foam Market
- 7.5.2. South Africa Extruded Polypropylene Foam Market
- 7.5.3. Rest of Middle East & Africa Extruded Polypropylene Foam Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Borealis AG
- 8.1.2. BASF SE
- 8.1.3. Mitsui Chemicals, Inc.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Borealis AG
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Avery Dennison Corporation
- 8.3.3. Tesa SE
- 8.3.4. Intertape Polymer Group
- 8.3.5. Scapa Group PLC
- 8.3.6. Berry Global, Inc.
- 8.3.7. Henkel AG & Co. KGaA
- 8.3.8. Saint-Gobain Performance Plastics
- 8.3.9. Shurtape Technologies, LLC
- 8.3.10. Advance Tapes International
- 8.3.11. Nitto Denko Corporation
- 8.3.12. Lohmann GmbH & Co. KG
- 8.3.13. Rogers Corporation
- 8.3.14. Lintec Corporation
- 8.3.15. Adhesive Research, Inc.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes