HOME Research Insight Market Leader - Extruded Polypropylene (XPP) Foam Market



Market Leader - Extruded Polypropylene (XPP) Foam Market


The trend towards manufacturing lightweight and energy efficient vehicles has led to the growing usage of eco-friendly foams that are recyclable and reusable. This, in turn, is fueling the use of extruded polypropylene (XPP) foam in various end-use industries, thereby leading to the growth of the extruded polypropylene (XPP) foam market. Moreover, the key players operating in the extruded polypropylene (XPP) foam market have adopted various strategies to strengthen their position in the market. Investments and expansions were the key strategies adopted by the leading market players to achieve growth in the extruded polypropylene (XPP) foam market between 2013 and 2016.

Besides the strategies of investments and expansions, new product launches, mergers & acquisitions, partnerships, contracts, and agreements were other strategies adopted by companies to increase their shares in the extruded polypropylene (XPP) foam market and strengthen their distribution networks.

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.) are some of the leading players operating in the extruded polypropylene (XPP) foam market.

Borealis AG (Austria) is one of the leading companies in the extruded polypropylene (XPP) foam market. Its products are sold under the brand name Daploy. The company is focusing on various strategies to increase its shares and strengthen its position in the extruded polypropylene (XPP) foam market. For instance, in October 2016, Borealis AG entered into a formal cooperation with Taiwan-based Reach Plastic Industrial Co., Ltd. to develop application market based on Daploy high melt strength (HMS) polypropylene foam. Daploy is used in various end-use industries, such as automotive, building & construction, and packaging, others.

In April 2015, Zotefoams Inc., a wholly-owned subsidiary of Zotefoams Plc based in Croydon, Surrey (U.K.), announced a major capital project of approximately USD 22 Million for a significant increase in its global capacity to support its future growth opportunities and provide an enhanced international footprint to Zotefoams Group to serve its customer base, globally. This investment has not only increased the manufacturing capability of the proprietary technology of the company within the North American region but has also expanded its existing facility in Walton, Kentucky by 54,000 square foot. The investment has enhanced the high-pressure gassing capacity of the Walton site, along with the expansion of its supporting polymer extrusion and other related infrastructure, which has made the Walton site a captive manufacturing site as well as a self-standing for most of the products sold by the company within the North American region.

Related 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

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