Extruded Polypropylene (XPP) Foam Market to Cross US$ 2.05 Billion at a CAGR of 7.1% by 2034, States Fact.MR Report

XPP foam is a type of thermoplastic foam composed of polypropylene and is well known for having high-stress tolerance, sound absorption, and insulating qualities. In the automotive industry, XPP foam is utilized for seat cushioning, door panels, and dashboards.

Demand for extruded PP foam is set to be driven mainly by the automotive and construction sectors across the world. For construction and automotive end-use, XPP foam has the ideal characteristics of high-temperature and chemical resistance, high weight-to-strength ratio, and even recyclability and other appealing qualities. Building impact protection, acoustics, and insulation are other key end uses for XPP foam. It is also used in medical equipment, furniture, and packaging solutions.

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Key Takeaways from the XPP Form Market Study:

"XPP foam will be widely used by automobile manufacturers for sound absorption and insulation purposes mainly to reduce the weight of components being fitted," says a Fact.MR analyst.

Country-wise Insights:

The extruded polypropylene foam market in the United States is anticipated to grow at a compound annual growth rate (CAGR) of 7.6% between 2024 and 2034, generating an absolute dollar opportunity of US$ 252.3 million.

As the building industry puts more focus on energy efficiency, suppliers foresee a surge in demand for XPP foam insulation products, including pipe insulation, insulated wall panels, and insulated concrete forms. The automotive sector will witness a rise in demand for robust and lightweight XPP foam parts for use in underbody shields, headliners, and trunk liners.

Market Development

Leading XPP foam producers are LyondellBasell Industries, Mitsubishi Chemical Holdings, Formosa Plastics Group, Borealis AG, Mitsui Chemicals Tohcello Inc., BASF, Sekisui Voltek, Sonoco Products, DS Smith Plc, NMC SA, Pregis LLC, Zotefoams Plc., Furukawa Electric Co. Ltd., Toray Industries Inc., Braskem, and JSP Corporation. These companies are thriving on the back of high demand for XPP foam from the consumer products, construction, and automotive industries.  

In Nov 2022, LyondellBasell announced its propylene manufacturing capacity expansion at Houston, Texas, USA.

Extruded Polypropylene (XPP) Foam Industry News:

In May 2024, Kuraray Co., Ltd. announced the manufacturing of a blister-resistant grade of GENESTAR product for heat-resistant polyamide resin, which significantly decreases the blister occurrence rate.

Fact.MR's recently updated market report provides detailed information on the price points of key manufacturers of extruded polypropylene (XPP) foam across various regions. It also covers sales growth, production capacity, and anticipated technological advancements.

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Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type:

Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use:

Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region:

More Valuable Insights:

Fact.MR, in its new offering, presents an unbiased analysis of the global extruded polypropylene foam market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights based on type (high-density XPP foam, low-density XPP foam) and end use (automotive, packaging, building & construction), across major seven regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa).

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