PUBLISHER: IMARC | PRODUCT CODE: 1702160
PUBLISHER: IMARC | PRODUCT CODE: 1702160
The global extruded polypropylene (XPP) foam market size reached USD 810.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,200.3 Million by 2033, exhibiting a growth rate (CAGR) of 4.45% during 2025-2033.
Extruded polypropylene (XPP) foam is a closed-cell foam with high strength and water, chemical and multiple impact resistance. It is made by extruding a mixture of a physical blowing agent to induce elasticity and strength. Due to its high thermal insulating properties, XPP helps preserve the freshness, state and taste of different food products. It is also used in the production of food containers, which can undergo microwave heating due to the high melting point.
At present, there is a rise in the demand for eco-friendly packaging to minimize the waste of natural resources during production. This, along with the growing application of XPP foams in the packaging industry to protect products from damage on account of their superior shock absorbency, represents one of the key factors driving the market. Moreover, there is an increase in the utilization of these foams as insulating materials in homes and refrigerators, which help consumers cut down their heating and cooling costs. This, coupled with the rising number of building codes that promote energy-efficient structures, is propelling the growth of the market. In addition, the growing employment of XPP foams in buildings to provide protection against moisture, which reduces the chance of developing harmful molds and mildews in walls, is positively influencing the market. Besides this, these foams are employed in the automotive sector to design engine sheds, door liners, and roof trunk liners. In line with this, the escalating demand for XPP foams in designing seats of vehicles due to their cushioning property, which ensures driver and passengers' safety, is projected to bolster the growth of the market in the forecast years.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Borealis AG (OMV AG), DS Smith Plastics (DS Smith plc), Furukawa Electric Co. Ltd., Mitsui Chemicals Inc., NMC International SA, Pregis LLC, Sekisui Voltek LLC (Sekisui Chemical Co. Ltd.), Sohner Plastics LLC, Toray Industries Inc. and Zotefoams Plc.