Top Extruded Polypropylene Foam Companies

Global Extruded Polypropylene Foam Market size was valued at USD 1.98 Billion in 2023 poised to grow from USD 2.09 Billion in 2024 to USD 3.76 Million by 2032, growing at a CAGR of 5.70% in the forecast period (2025-2032).

The global extruded polypropylene (XPP) foam market is highly competitive, with key players focusing on innovation, sustainability, and strategic partnerships to strengthen their market presence. Major international companies include BASF SE, Dow Inc., Borealis AG, Braskem S.A., and Sekisui Alveo AG. These companies are investing in advanced manufacturing technologies and expanding their product portfolios to meet rising demand from automotive, packaging, and construction industries, while also addressing environmental concerns through recyclable and eco-friendly foam solutions. 'BASF SE (Germany)', 'Dow Inc. (United States)', 'Borealis AG (Austria)', 'Braskem S.A. (Brazil)', 'Sekisui Alveo AG (Switzerland)', 'Furukawa Electric Co., Ltd. (Japan)', 'Pregis LLC (United States)', 'Zotefoams PLC (United Kingdom)', 'Trexel, Inc. (United States)', 'NMC SA (Belgium)', 'Toray Industries, Inc. (Japan)', 'JSP Corporation (Japan)', 'Hanwha Solutions Corporation (South Korea)', 'Rogers Corporation (United States)', 'Armacell International S.A. (Luxembourg)'

The rising focus on fuel efficiency and emission reduction is driving the demand for lightweight materials in the automotive industry. Extruded polypropylene (XPP) foam offers excellent energy absorption, thermal insulation, and weight reduction. As electric vehicle (EV) adoption increases, manufacturers are increasingly using XPP foam for improved efficiency and safety.

Rising Demand for Lightweight and Sustainable Materials: The global extruded polypropylene (XPP) foam market is experiencing a significant shift toward lightweight and eco-friendly materials. This demand is primarily driven by the automotive and packaging sectors, where reducing carbon emissions and enhancing recyclability are top priorities. Companies are investing in sustainable innovations to meet environmental regulations and consumer preferences. This trend is expected to foster technological advancements and drive substantial market growth across industries, particularly in Europe, North America, and Asia-Pacific regions.

North America dominates the global extruded polypropylene (XPP) foam market due to its strong automotive, packaging, and construction industries. The region’s focus on lightweight, sustainable materials, coupled with stringent environmental regulations, drives demand. Additionally, technological advancements and high investments in research and development further fuel market growth.