HOME Top Market Reports Extruded Polypropylene (XPP) Foam Market by Type (Low Density, High Density), End-Use Industry (Transportation, Packaging, Building & Construction), Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Global Forecast to 2021

Extruded Polypropylene (XPP) Foam Market by Type (Low Density, High Density), End-Use Industry (Transportation, Packaging, Building & Construction), Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: CH 5199

 

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The extruded polypropylene (XPP) foam market is projected to reach USD 931.1 Million by 2021, at a CAGR of 7.3% from 2016 to 2021. In this study, 2015 is considered as the base year to estimate the size of the extruded polypropylene (XPP) foam market, while 2016 to 2021 is considered as the forecast period.

The objectives of this study are -

  • To analyze, define, segment, and forecast the extruded polypropylene (XPP) foam market
  • To determine the size of the extruded polypropylene (XPP) foam market in various regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa
  • To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the extruded polypropylene (XPP) foam market
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the extruded polypropylene (XPP) foam market
  • To strategically profile the key players in the extruded polypropylene (XPP) foam market and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as investments, expansions, joint ventures, mergers & acquisitions, new product launches, and research & development (R&D) activities in the extruded polypropylene (XPP) foam market
  • To analyze the opportunities in the extruded polypropylene (XPP) foam market for the key players and provide detailed competitive landscape for the market leaders

Both, top-down and bottom-up approaches have been used to estimate and validate the global size of the extruded polypropylene (XPP) foam market and to estimate the sizes of various other dependent submarkets. The research study involves the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, British Plastics Federation (BPF), and other government, private, and company websites to identify and collect information useful for this technical, market-oriented, and commercial study of the extruded polypropylene (XPP) foam market. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below provides a breakdown of primary interviews on the basis of company type, designation, and region during the research study on the extruded polypropylene (XPP) foam market.

Extruded Polypropylene (XPP) Foam Market

To know about the assumptions considered for the study, download the pdf brochure

The extruded polypropylene (XPP) foam market has a diversified and well-established ecosystem of upstream players such as raw material suppliers and downstream stakeholders, such as manufacturers, vendors, and end users. Borealis AG (Austria), Mitsui Chemicals (Japan), Sekisui Voltek, LLC (U.S.), Sonoco Products Company (U.S.), DS Smith Plc (U.K.), NMC SA (Belgium), Pregis LLC (U.S.), and Zotefoams Plc (U.K.), among others are the leading manufacturers and suppliers of extruded polypropylene (XPP) foam.

Key Target Audience:

  • Manufacturers of Extruded Polypropylene (XPP) Foam
  • Raw Material Suppliers
  • Traders, Distributors, and Suppliers of Extruded Polypropylene (XPP) Foam
  • Regional Associations of Manufacturers’ of Extruded Polypropylene (XPP) Foam and General Foam Associations
  • Government and Regional Agencies, and Research Organizations
  • Investment Research Firms

Scope of the Report:

This research report categorizes the extruded polypropylene (XPP) foam market on the basis of type, end-use industry, and region.

Extruded Polypropylene (XPP) Foam Market, by Type:

  • Low Density
  • High Density

Extruded Polypropylene (XPP) Foam Market, by End-Use Industry:

  • Transportation
  • Packaging
  • Building & Construction
  • Others

Extruded Polypropylene (XPP) Foam Market, by Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the extruded polypropylene (XPP) foam market on the basis of type and end-use industry

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scopre of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Limitations
    2.5 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in XPP Foam Market
    4.2 XPP Foam Market, By End-Use Industry
    4.3 XPP Foam Market: Developed vs Developing Countries
    4.4 XPP Foam Market in Asia-Pacific, By Major Countries and End-Use Industry

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By End-Use Industry
           5.2.3 By Region
    5.3 Market Dynamics
    5.4 Impact Analysis for Drivers and Restraints
           5.4.1 Drivers
                    5.4.1.1 Recyclability and Eco-Friendliness
                    5.4.1.2 Superior Properties of XPP Foams
           5.4.2 Restraints
                    5.4.2.1 High Price of XPP Foam
           5.4.3 Opportunities
                    5.4.3.1 High Growth Potential in Emerging Countries
                    5.4.3.2 Growing Applications in End-Use Industries
           5.4.4 Challenges
                    5.4.4.1 Fluctuating Raw Material Prices
                    5.4.4.2 Less Awareness About XPP Foams

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Patent Details
           6.4.1 Introduction
           6.4.2 Patent Details

7 Macroeconomic Overview and Key Trends (Page No. - 44)
    7.1 Introduction
    7.2 Trends and Forecast of GDP
    7.3 Trends and Sales of Automotive Industry
    7.4 Trends and Forecast of Construction Industry
           7.4.1 North America: Trends and Forecast of Construction Industry
           7.4.2 Europe: Trends and Forecast of Construction Industry
           7.4.3 Asia-Pacific: Trends and Forecast of Construction Industry
           7.4.4 Middle East & Africa: Trends and Forecast of Construction Industry
           7.4.5 South America: Trends and Forecast of Construction Industry

8 XPP Foam Market, By Type (Page No. - 49)
    8.1 Introduction
    8.2 Low-Density XPP Foam
    8.3 High-Density XPP Foam

9 XPP Foam Market, By End-Use Industry (Page No. - 53)
    9.1 Introduction
    9.2 Transportation
    9.3 Packaging
    9.4 Building & Construction
    9.5 Others

10 XPP Foam Market, By Region (Page No. - 60)
     10.1 Introduction
             10.1.1 North America
                        10.1.1.1 U.S.
                        10.1.1.2 Canada
                        10.1.1.3 Mexico
             10.1.2 Europe
                        10.1.2.1 Germany
                        10.1.2.2 France
                        10.1.2.3 Italy
                        10.1.2.4 U.K.
                        10.1.2.5 Turkey
                        10.1.2.6 Russia
                        10.1.2.7 Rest of Europe
             10.1.3 Asia-Pacific
                        10.1.3.1 China
                        10.1.3.2 Japan
                        10.1.3.3 South Korea
                        10.1.3.4 India
                        10.1.3.5 Thailand
                        10.1.3.6 Indonesia
                        10.1.3.7 Malaysia
                        10.1.3.8 Rest of Asia-Pacific
             10.1.4 Middle East & Africa
                        10.1.4.1 South Africa
                        10.1.4.2 Morocco
                        10.1.4.3 Rest of Middle East & Africa
             10.1.5 South America
                        10.1.5.1 Brazil
                        10.1.5.2 Argentina
                        10.1.5.3 Rest of South America

11 Competitive Landscape (Page No. - 93)
     11.1 Overview
     11.2 Maximum Developments in 2016
     11.3 Growth Strategies in the XPP Foam Market
     11.4 Competitive Situation and Trends
             11.4.1 Investments & Expansions
             11.4.2 New Product Launches
             11.4.3 Mergers & Acquisitions
             11.4.4 Joint Ventures
     11.5 Market Share
             11.5.1 Market Share Analysis

12 Company Profiles (Page No. - 99)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     12.1 Borealis AG
     12.2 Mitsui Chemicals, Inc.
     12.3 BASF SE
     12.4 JSP Corporation
     12.5 Sekisui Voltek, LLC
     12.6 Sonoco
     12.7 DS Smith PLC
     12.8 NMC SA
     12.9 Pregis LLC
     12.10 Zotefoams PLC

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 119)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (91 Tables)

Table 1 XPP Foam Market Snapshot (2016 vs 2021)
Table 2 XPP Foam Market, By Type
Table 3 XPP Foam Market, By End-Use Industry
Table 4 Trends and Forecast of GDP, USD Billion (2015–2021)
Table 5 Trends and Sales of Automotive, USD Million (2015 and 2016)
Table 6 Contribution of the Construction Industry to GDP in North America, By Country, USD Billion (2014–2021)
Table 7 Contribution of the Construction Industry to GDP in Europe, By Country, USD Billion (2014–2021)
Table 8 Contribution of the Construction Industry to GDP in Asia-Pacific, By Country, USD Billion (2014–2021)
Table 9 Contribution of the Construction Industry to GDP in Middle East & Africa, USD Billion (2014–2021)
Table 10 Contribution of the Construction Industry to GDP in South America, USD Billion (2014–2021)
Table 11 XPP Foam Market Size, By Type, 2014–2021 (USD Million)
Table 12 XPP Foam Market Size, By Type, 2014–2021 (Kiloton)
Table 13 Low-Density XPP Foam Market Size, By Region, 2014–2021 (USD Million)
Table 14 Low-Density XPP Foam Market Size, By Region, 2014–2021 (Kiloton)
Table 15 High-Density XPP Foam Market Size, By Region, 2014–2021 (USD Million)
Table 16 High-Density XPP Foam Market Size, By Region, 2014–2021 (Kiloton)
Table 17 XPP Foam Market, By End-Use Industry, 2014–2021 (USD Million)
Table 18 XPP Foam Market, By End-Use Industry, 2014–2021 (Kiloton)
Table 19 XPP Foam Market Size in Transportation End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 20 XPP Foam Market Size in Transportation End-Use Industry, By Region, 2014–2021 (USD Million)
Table 21 XPP Foam Market Size in Packaging End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 22 XPP Foam Market Size in Packaging End-Use Industry, By Region, 2014–2021 (USD Million)
Table 23 XPP Foam Market Size in Building & Construction End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 24 XPP Foam Market Size in Building & Construction End-Use Industry, By Region, 2014–2021 (USD Million)
Table 25 XPP Foam Market Size in Other End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 26 XPP Foam Market Size in Other End-Use Industry, By Region, 2014–2021 (USD Million)
Table 27 XPP Foam Market Size, By Region, 2014–2021 (Kiloton)
Table 28 XPP Foam Market Size, By Region, 2014–2021 (USD Million)
Table 29 North America: XPP Foam Market Size, By Country, 2014–2021 (Kiloton)
Table 30 North America: XPP Foam Market Size, By Country, 2014–2021 (USD Million)
Table 31 North America: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 32 North America: XPP Foam Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 33 North America: XPP Foam Market Size, By Type, 2014–2021 (Kiloton)
Table 34 North America: XPP Foam Market Size, By Type, 2014–2021 (USD Million)
Table 35 U.S.: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 36 U.S.: XPP Foam Market Size, By End-Use Industry , 2014–2021 (USD Million)
Table 37 Canada: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 38 Mexico: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 39 Europe: XPP Foam Market Size, By Country, 2014–2021 (Kiloton)
Table 40 Europe: XPP Market Size, By Country, 2014–2021 (USD Million)
Table 41 Europe: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 42 Europe: XPP Foam Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 43 Europe: XPP Foam Market Size, By Type, 2014–2021 (Kiloton)
Table 44 Europe: XPP Foam Market Size, By Type, 2014–2021 (USD Million)
Table 45 Germany: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 46 Germany: XPP Foam Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 47 France: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 48 Italy: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 49 U.K.: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 50 Turkey: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 51 Russia: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 52 Rest of Europe: XPP Foam Market Size, 2014–2021 (Kiloton and USD Million)
Table 53 Asia-Pacific: XPP Foam Market Size, By Country, 2014–2021 (Kiloton)
Table 54 Asia-Pacific: XPP Foam Market Size, By Country, 2014–2021 (USD Million)
Table 55 Asia-Pacific: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 56 Asia-Pacific: XPP Foam Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 57 Asia-Pacific: XPP Foam Market Size, By Type, 2014–2021 (Kiloton)
Table 58 Asia-Pacific: XPP Foam Market Size, By Type, 2014–2021 (USD Million)
Table 59 China: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 60 China: XPP Foam Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 61 Japan: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 62 South Korea: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 63 India: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 64 Thailand: XPP Foam Market Size, 2014–2021(Kiloton & USD Million)
Table 65 Indonesia: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 66 Malaysia: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 67 Rest of Asia-Pacific: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 68 Middle East & Africa: XPP Foam Market Size, By Country, 2014–2021 (Kiloton)
Table 69 Middle East & Africa: XPP Foam Market Size, By Country, 2014–2021 (USD Million)
Table 70 Middle East & Africa: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 71 Middle East & Africa: XPP Foam Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 72 Middle East & Africa: XPP Foam Market Size, By Type, 2014–2021 (Kiloton)
Table 73 Middle East & Africa: XPP Foam Market Size, By Type, 2014–2021 (USD Million)
Table 74 South Africa: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 75 South Africa: XPP Foam Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 76 Morocco: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 77 Rest of Middle East & Africa: XPP Foam Market Size, 2014–2021 (USD Million & Kiloton)
Table 78 South America: XPP Foam Market Size, By Country, 2014–2021 (Kiloton)
Table 79 South America: XPP Foam Market Size, By Country, 2014–2021 (USD Million)
Table 80 South America: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 81 South America: XPP Foam Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 82 South America: XPP Foam Market Size, By Type, 2014–2021 (Kiloton)
Table 83 South America: XPP Foam Market Size, By Type, 2014–2021 (USD Million)
Table 84 Brazil: XPP Foam Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 85 Brazil: XPP Foam Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 86 Argentina: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 87 Rest of South America: XPP Foam Market Size, 2014–2021 (Kiloton & USD Million)
Table 88 Investments & Expansions, 2013–2016
Table 89 New Product Launches, 2013–2016
Table 90 Mergers & Acquisitions, 2013–2016
Table 91 Joint Ventures, 2013–2016


List of Figures (43 Figures)

Figure 1 XPP Foam Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 XPP Foam Market: Data Triangulation
Figure 5 Transportation End-Use Industry to Lead the XPP Foam Market Between 2016 and 2021
Figure 6 Asia-Pacific to Be the Fastest-Growing Market for XPP Foam Between 2016 and 2021
Figure 7 Emerging Economies to Offer Lucrative Opportunities for Market Players Between 2016 and 2021
Figure 8 XPP Foam Market in Transportation End-Use Industry to Register the Highest CAGR Between 2016 and 2021
Figure 9 XPP Foam Market to Witness Rapid Growth in Developing Countries
Figure 10 Transportation Segment Accounted for the Largest Market Share in 2015
Figure 11 India and China to Register the Highest CAGR Between 2016 and 2021
Figure 12 XPP Foam Market, By Region
Figure 13 Drivers, Restraints, Opportunities, and Challenges in XPP Foam Market
Figure 14 Value Chain Analysis for XPP Foam
Figure 15 Porter’s Five Forces Analysis
Figure 16 Japan Accounted for the Highest Number of Patents Filed, 2014–2016
Figure 17 Kaneka Corporation Had the Highest Number of Patents Between 2014 and 2016
Figure 18 GDP of Major Countries in the World in 2015
Figure 19 Low-Density Type Dominates the XPP Foam Market
Figure 20 XPP Foam Market to Witness Highest Growth in Transportation End-Use Industry
Figure 21 Regional Snapshot: China and India Emerging as New Strategic Destinations
Figure 22 XPP Foam Market in North America: Snapshot
Figure 23 U.S. Dominates XPP Foam Market in North America
Figure 24 Germany Dominates XPP Foam Market in Europe
Figure 25 Asia-Pacific: XPP Foam Market Snapshot
Figure 26 China Dominates XPP Foam Market in Asia-Pacific
Figure 27 South Africa Dominates XPP Foam Market in Middle East & Africa
Figure 28 Brazil to Dominate XPP Foam Market in South America
Figure 29 Companies Adopted Investments& Expansions as Their Key Growth Strategy Between 2013 and 2016
Figure 30 Investments & Expansions: the Most Popular Growth Strategy
Figure 31 Investments & Expansions Accounted for the Major Share of All Growth Strategies Adopted Between 2013 and 2016
Figure 32 Borealis AG Dominated the XPP Foam Market in 2015
Figure 33 Borealis AG: Company Snapshot
Figure 34 Borealis AG: SWOT Analysis
Figure 35 Mitsui Chemicals, Inc.: Company Snapshot
Figure 36 Mitsui Chemicals, Inc.: SWOT Analysis
Figure 37 BASF SE: Company Snapshot
Figure 38 BASF SE: SWOT Analysis
Figure 39 JSP Corporation: Company Snapshot
Figure 40 JSP Corporation: SWOT Analysis
Figure 41 Sekisui Voltek, LLC: SWOT Analysis
Figure 42 Sonoco: Company Snapshot
Figure 43 DS Smith PLC: Company Snapshot

The extruded polypropylene (XPP) foam market is estimated to reach USD 931.1 Million by 2021, at a CAGR of 7.3% from 2016 to 2021. The growth of the extruded polypropylene (XPP) foam market is driven by the increasing use of extruded polypropylene (XPP) foam in automobiles for weight reduction. Moreover, these foams are also being increasingly used in the packaging end-use industry due to their lightweight and high melt strength properties.

In 2015, the low density type segment accounted for the largest share of the extruded polypropylene (XPP) foam market, in terms of volume. The high density type segment of the extruded polypropylene (XPP) foam market is projected to grow at the highest CAGR during the forecast period. This growth of the high density type segment of the market can be attributed to unique properties offered by high density extruded polypropylene (XPP) foam, which include excellent chemical resistance, lightweight, recyclability, and broad temperature range, among others.

On the basis of end-use industry, the extruded polypropylene (XPP) foam market has been classified into transportation, packaging, building & construction, and others. In terms of volume, the transportation end-use industry segment is projected to lead the extruded polypropylene (XPP) foam market during the forecast period, 2016 to 2021. As extruded polypropylene (XPP) foams are lightweight, eco-friendly, and recyclable, they are increasingly being used in automobiles, thereby leading to the growth of the transportation segment of the extruded polypropylene (XPP) foam market during the forecast period.

In 2015, the Asia-Pacific region accounted for the largest market share of the extruded polypropylene (XPP) foam market, in terms of volume. The Asia-Pacific extruded polypropylene (XPP) foam market is projected to grow at the highest CAGR from 2016 to 2021. The increased demand for extruded polypropylene (XPP) foam from various end-use industries, such as automotive, packaging, and building & construction in the Asia-Pacific region is the major driving factor for the growth of the Asia-Pacific extruded polypropylene (XPP) foam market. China led the global demand for extruded polypropylene (XPP) foam due to increased manufacturing and assembling of vehicles in the country. The country is also the largest consumer of extruded polypropylene foams at the global level. The extruded polypropylene (XPP) foam markets in other emerging economies, such as Brazil, India, and Mexico are projected to grow at a significant rate during the forecast period.

Extruded Polypropylene (XPP) Foam Market

Though the extruded polypropylene (XPP) foam market is witnessing growth across the globe, factors such as volatility in the prices of raw materials are expected to restrain the growth of the extruded polypropylene (XPP) foam market, globally.

Borealis AG (Austria), Mitsui Chemicals (Japan), Sekisui Voltek, LLC (U.S.), Sonoco Products Company (U.S.), DS Smith Plc (U.K.), NMC SA (Belgium), Pregis LLC (U.S.), and Zotefoams Plc (U.K.), among others are the key market players in the extruded polypropylene (XPP) foam market. Diverse product portfolios, strategically positioned R&D centers, continuous adoption of various growth strategies, and advancements in technologies for the development of new types of extruded polypropylene (XPP) foam are the factors responsible for the strong position of these companies in the extruded polypropylene (XPP) foam market.

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