Extruded Polypropylene Foam Market Expected To Trigger A Revenue To USD 1.07 Billion By 2025
The growing demand for extruded polypropylene foam in automobiles and packaging industry is expected to boost market growth.
(firmenpresse) - 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 (at) 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
US.
Canada
Europe
Germany
Italy
France
Asia Pacific
China
Japan
India
South Korea
Central & South America
Brazil
Middle East & Africa
Access Press Release of Extruded Polypropylene Foam Market(at) 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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Datum: 19.09.2019 - 11:59 Uhr
Sprache: Deutsch
News-ID 599094
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Contact person: Sonali Kulkarni
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Kategorie:
Chemical industry
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