압출 폴리프로필렌(XPP) 폼 시장 규모, 점유율, 성장 분석 : 유형별, 최종 용도 산업별, 지역별 - 산업 예측(2025-2032년)

Extruded Polypropylene Foam Market size was valued at USD 1.5 billion in 2023 and is poised to grow from USD 1.6 billion in 2024 to USD 2.67 billion by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).

The XPP foam market is experiencing robust growth driven by the demand for lightweight and eco-friendly materials across diverse industries, particularly automotive, packaging, and construction. As automakers prioritize fuel efficiency and carbon emission reductions, XPP foam's superior impact resistance, energy absorption, and recyclability make it an attractive alternative to traditional materials. Key players like BASF, Kaneka, Toray, and Mitsui are fostering innovation by introducing advanced XPP solutions tailored for electric vehicles, sustainable packaging, and eco-conscious construction projects. The market's trajectory is increasingly influenced by regulatory pressures favoring sustainability, advancements in manufacturing technologies, and a shift toward circular economy initiatives. These trends not only enhance product quality but also pave the way for a greener future in materials usage across various sectors.

Top-down and bottom-up approaches were used to estimate and validate the size of the Extruded Polypropylene Foam market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Extruded Polypropylene Foam Market Segments Analysis

Global Extruded Polypropylene Foam Market is segmented by Type, End-Use Industry and region. Based on Type, the market is segmented into Low-Density XPP Foam (40-200 Kg/M3) and High-Density XPP Foam (200-600 Kg/M3). Based on End-Use Industry, the market is segmented into Automotive, Packaging, Building & Construction and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Extruded Polypropylene Foam Market

The demand for lightweight materials in the automotive sector is being significantly propelled by the growing emphasis on fuel efficiency and emissions reduction. Extruded polypropylene (XPP) foam emerges as a key player due to its superior properties, such as exceptional energy absorption, thermal insulation, and the ability to reduce weight. With the rising adoption of electric vehicles (EVs), manufacturers are increasingly turning to XPP foam to enhance both efficiency and safety. This trend highlights the essential role of extruded polypropylene foam in meeting the industry's evolving requirements for sustainability and performance, positioning it as a crucial driver in the market.

Restraints in the Extruded Polypropylene Foam Market

The growth of the Extruded Polypropylene Foam (XPP) market is significantly hindered by the presence of alternative materials like polyethylene and polystyrene foams. These alternatives frequently provide comparable characteristics but come at lower price points, making them appealing options for manufacturers. As a result, competitive pressure from these materials can deter the adoption of XPP foam, particularly in industries where cost is a primary consideration. Consequently, the allure of more affordable alternatives can create substantial barriers for the XPP foam market, restricting its expansion and market penetration in various applications.

Market Trends of the Extruded Polypropylene Foam Market

The global extruded polypropylene (XPP) foam market is witnessing a pronounced trend towards lightweight and sustainable materials, fueled by increasing demand from the automotive and packaging industries. As companies prioritize reducing carbon footprints and enhancing recyclability, significant investments in innovative, eco-friendly solutions are on the rise. This shift aligns with tightening environmental regulations and evolving consumer preferences for sustainable products. Consequently, the XPP foam market is poised for substantial growth, particularly in key regions such as Europe, North America, and Asia-Pacific, where technological advancements will further accelerate the adoption of these materials across various applications.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Study Analysis

Global Extruded Polypropylene Foam Market Size by Type & CAGR (2025-2032)

• Market Overview
• Low-Density XPP Foam (40-200 Kg/M3)
• High-Density XPP Foam (200-600 Kg/M3)

Global Extruded Polypropylene Foam Market Size by End-Use Industry & CAGR (2025-2032)

• Market Overview
• Automotive
• Packaging
• Building & Construction
• Others

Global Extruded Polypropylene Foam Market Size & CAGR (2025-2032)

• North America (Type, End-Use Industry)
  • US
  • Canada
• Europe (Type, End-Use Industry)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Type, End-Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Type, End-Use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Type, End-Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dow Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Braskem S.A. (Brazil)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sekisui Alveo AG (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Furukawa Electric Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zotefoams PLC (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trexel, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NMC SA (Belgium)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toray Industries, Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• JSP Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hanwha Solutions Corporation (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rogers Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations