Global Extruded PP foam market to grow at CAGR of 7.7% by 2023

24-Apr-19

The global Extruded Polypropylene (XPP) Foam market is anticipated to reach US$1,096.95 mlnby 2023 by US$702.9 mln in 2017, growing at a CAGR of 7.7% from 2018 to 2023. The Asia Pacific and, by Geography and United States are expected to rise at a CAGR, respectively, throughout the forecast phase.

These foams are also being increasingly used in the packaging end-use industry due to their lightweight and high melt strength properties. and 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.