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(Construction.IndustryNews247.Com, October 24, 2019 ) Market Overview:
Extruded Polypropylene (XPP) foam sheets, having unique closed cell structure, with expansion ranging from 2 to 5 times by foam extrusion. The material has a wide range of features offering a better alternative to plywood, cardboard, corrugated plastic, solid PP or HDPE sheet.
The automotive industry dominates the consumption of low-density XPP foam. The use of low-density XPP foam in automotive applications helps in impact protection and weight reduction of vehicles.
Market Dynamics:
The increasing demand for XPP foam from the automotive end-use industry is expected to drive the growth of the XPP foam market.
After years of strong growth, global automobile sales were broadly flat in 2018, on account of slump in demand in the world's major market, China. Trade tensions between U.S and China is one of the factor behind the slowing down of economy and thus auto industry.
Jaguar Land Rover have figured out decline in the company sales due to poor Chinese demand, while Ford has pulled plans to sell a Chinese made Ford focus in the US because of the impact of trade tariffs.
Market Segmentation:
By type, the extruded polypropylene (XPP) foam market is segmented into low density, and high density. Low density type XPP foam is expected to grow with high CAGR rate in the forecast period.
A wide range of blend compositions can be used in order to reach low density (
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
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