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[ 英語タイトル ] Extruded Polypropylene (XPP) Foam Market by Type (Low-Density, High-Density), End-use Industry (Automotive, Packaging, Building & Construction), Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2023


Product Code : MNMCH00110182
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“The XPP foam market is projected to grow at a CAGR of 6.9% from 2018 to 2023.”
The XPP foam market is projected to grow from USD 751.0 million in 2018 to USD 1048.8 million by 2023, at a CAGR of 6.9%, in terms of value, between 2018 and 2023. The demand for XPP foam is mainly driven by its properties such as recyclability and eco-friendliness in comparison to other competitive foams, such as PU and PE, and high functional characteristics such as high stiffness, chemical resistance, heat stability, impact resistance, lightweight, and good sound insulation. The unique properties of XPP foam make it suitable for use in industries such as automotive, packaging, and building & construction. The market is driven by the increasing demand from the automotive industry. However, the rising prices of polypropylene resin, the major raw material, are expected to restrain the growth of the market.
“Based on type, the low-density segment is expected to lead the XPP foam market during the forecast period.”
Based on type, the low-density segment is expected to be the fastest-growing segment of the XPP foam market during the forecast period. Low-density polypropylene foam is widely preferred in automotive, protective packaging, and insulation applications due to its properties such as recyclability, light weight, energy efficiency, and sustainability. In automotive end-use industry, low-density XPP foam is used in door liners, engine shields, and roof/trunk liners. The use of low-density XPP foam in these applications helps in impact protection and weight reduction of vehicles.
“Based on end-use industry, the automotive segment is projected to lead the XPP foam market during the forecast period.”
Based on end-use industry, the automotive segment is expected to lead the XPP foam market. OEMs use XPP foam to produce vehicles that are lightweight, energy efficient, and sustainable. It is also used in combination with metals to improve energy absorption and distribution. The low density and recyclability properties are expected to drive the use of XPP foam in the automotive end-use industry during the forecast period.
“APAC is expected to be the fastest-growing market for XPP foam.”
The APAC region is expected to witness the fastest growth during the forecast period; this growth can be mainly attributed to the growing automobile production in countries such as China, India, and other Southeast Asian nations. The growth of the market in APAC is primarily attributed to rapid economic development, followed by massive investments across industries such as automotive, packaging, building & construction, and marine. Automotive is projected to be the fastest-growing end-use industry of XPP foam in APAC. India and China are the two major economies driving the market in APAC. The demand for XPP foam has also increased in the other APAC countries such as South Korea, Indonesia, Malaysia, Thailand, Vietnam, and the Philippines with the positive outlook of the automotive industry in these countries.
In the process of determining and verifying the market size for the several segments and subsegments gathered through secondary research, extensive primary interviews were conducted. The break-up of the primary interviews is given below:
• By Company Type: Tier 1—53%, Tier 2—27%, and Tier 3—20%
• By Designation: C-level—40%, Director-level—27%, and Others—33%
• By Region: APAC—33%, North America—47%, Europe—13%, RoW—7%

Note: 1. Other designations include sales managers, marketing managers, and product managers. 2. Tiers of companies are defined based on their total revenues in 2017. Tier 1 = >USD 1 billion, Tier 2 = USD 100 million to USD 1 billion, and Tier 3 = Note: 2. RoW includes South America and Middle East & Africa
Key global players of the XPP foam market are Borealis (Austria), Mitsui Chemicals (Japan), BASF (Germany), Sekisui Voltek (US), Sonoco Products (US), DS Smith Plc (UK), NMC SA (Belgium), Pregis LLC (US), and Zotefoams Plc (UK).
Research Coverage
This report covers the market for XPP foam and its types and end-use industries across different verticals and regions. It aims at estimating the market size and the potential of the XPP foam market based on type, end-use industry, and region. The report also includes an in-depth competitive analysis of key market players, along with their company profiles, recent developments, and key strategies.
Reasons to Buy the Report
The report will help market leaders/new entrants by providing them the closest approximations of revenues in the XPP foam market. This report will also help stakeholders better understand the market’s competitive landscape, and gain insights to position their businesses and formulate market strategies. The report will also help stakeholders understand the pulse of the market and acquire information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers
• Market Penetration: Comprehensive information on XPP foam offered by top market players
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the XPP foam market
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for XPP foam across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the XPP foam market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the XPP foam market

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 SCOPE OF THE STUDY 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 15
1.5 PACKAGE SIZE 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 17
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 18
2.1.2.3 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 19
2.2.1 TOP-DOWN AND BOTTOM-UP APPROACH 19
2.3 DATA TRIANGULATION 21
2.4 LIMITATIONS 22
2.5 ASSUMPTIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE OPPORTUNITIES IN XPP FOAM MARKET 27
4.2 XPP FOAM MARKET, BY END-USE INDUSTRY 27
4.3 XPP FOAM MARKET: DEVELOPED VS. DEVELOPING COUNTRIES 28
4.4 XPP FOAM MARKET IN APAC, BY MAJOR COUNTRIES AND END-USE INDUSTRIES 28
4.5 XPP FOAM MARKET SHARE, BY KEY COUNTRIES 29
5 MARKET OVERVIEW 30
5.1 INTRODUCTION 30
5.2 MARKET DYNAMICS 30
5.2.1 DRIVERS 31
5.2.1.1 Superior properties and recyclability of XPP foams 31
5.2.1.2 Demand for superior foams in growing automotive industry 31
5.2.2 RESTRAINTS 31
5.2.2.1 Less awareness about XPP foams 31
5.2.2.2 High price of XPP foam 31
5.2.3 OPPORTUNITIES 32
5.2.3.1 High growth potential in emerging countries 32
5.2.3.2 Growing applications in various end-use industries 32
5.2.4 CHALLENGES 32
5.2.4.1 Fluctuating raw material prices 32
5.3 PORTER’S FIVE FORCES ANALYSIS 33
5.3.1 THREAT OF NEW ENTRANTS 34
5.3.2 THREAT OF SUBSTITUTES 34
5.3.3 BARGAINING POWER OF SUPPLIERS 34
5.3.4 BARGAINING POWER OF BUYERS 35
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 35
6 MACROECONOMIC INDICATORS 36
6.1 INTRODUCTION 36
6.2 TRENDS AND FORECAST OF GDP 36
6.3 TRENDS IN THE AUTOMOTIVE INDUSTRY 38
7 XPP FOAM MARKET, BY TYPE 42
7.1 INTRODUCTION 43
7.2 LOW-DENSITY XPP FOAM (40-200 KG/M3) 44
7.3 HIGH-DENSITY XPP FOAM (200-600 KG/M3) 45
8 XPP FOAM MARKET, BY END-USE INDUSTRY 46
8.1 INTRODUCTION 47
8.2 AUTOMOTIVE 48
8.3 PACKAGING 49
8.4 BUILDING & CONSTRUCTION 50
8.5 OTHERS 51
9 XPP FOAM MARKET, BY REGION 53
9.1 INTRODUCTION 54
9.2 APAC 55
9.2.1 CHINA 59
9.2.2 JAPAN 59
9.2.3 SOUTH KOREA 59
9.2.4 INDIA 60
9.2.5 THAILAND 60
9.2.6 INDONESIA 61
9.2.7 MALAYSIA 61
9.2.8 REST OF APAC 61
9.3 EUROPE 62
9.3.1 GERMANY 66
9.3.2 SPAIN 66
9.3.3 FRANCE 66
9.3.4 UK 67
9.3.5 ITALY 67
9.3.6 TURKEY 67
9.3.7 RUSSIA 68
9.3.8 POLAND 68
9.3.9 REST OF EUROPE 68
9.4 NORTH AMERICA 69
9.4.1 US 72
9.4.2 CANADA 72
9.4.3 MEXICO 72
9.5 SOUTH AMERICA 73
9.5.1 BRAZIL 75
9.5.2 ARGENTINA 75
9.5.3 REST OF SOUTH AMERICA 75
9.6 MIDDLE EAST & AFRICA 76
9.6.1 SAUDI ARABIA 78
9.6.2 UAE 79
9.6.3 REST OF MIDDLE EAST & AFRICA 79
10 COMPETITIVE LANDSCAPE 80
10.1 OVERVIEW 80
10.2 MARKET RANKING OF KEY PLAYERS 81
10.3 COMPETITIVE SCENARIO 81
10.4 INVESTMENT & EXPANSION 82
10.5 MERGER & ACQUISITION 83
10.6 NEW PRODUCT LAUNCH 84
10.7 PARTNERSHIP & COLLABORATION 85
11 COMPANY PROFILES (FOAM/RESIN) 86
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
11.1 BOREALIS 86
11.2 MITSUI CHEMICALS 89
11.3 BASF 92
11.4 JSP CORPORATION 94
11.5 SEKISUI VOLTEK 97
11.6 PREGIS 99
11.7 SONOCO 100
11.8 DS SMITH 101
11.9 NMC SA 103
11.10 ZOTEFOAMS 104
11.11 TORAY INDUSTRIES 106
11.12 BRASKEM 108
11.13 SUMITOMO CHEMICAL 110
11.14 SOHNER PLASTICS 112
11.15 FURUKAWA ELECTRIC 113
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
12 APPENDIX 114
12.1 DISCUSSION GUIDE 114
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 116
12.3 AVAILABLE CUSTOMIZATIONS 118
12.4 RELATED REPORTS 118
12.5 AUTHOR DETAILS 119

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