Extruded Polypropylene Foam Market Revenue was valued at USD 1.5 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.
South Korea's extruded polypropylene (XPP) foam market is experiencing significant growth, driven by the material's lightweight, durable, and versatile properties. XPP foam is increasingly utilized across various industries, including automotive, packaging, and construction, due to its excellent cushioning and insulation characteristics.
In the automotive sector, XPP foam is favored for its high strength-to-weight ratio, contributing to vehicle weight reduction, enhanced fuel efficiency, and improved safety features. Applications include seat cushioning, door panels, and dashboards. The global XPP foam market is projected to reach USD 2.05 billion by 2034, expanding at a CAGR of 7.1% from 2024 to 2034.
The packaging industry in South Korea also significantly benefits from XPP foam's shock-absorbing and insulating properties. With the rise of e-commerce and the need for protective packaging solutions, XPP foam is increasingly used to safeguard products during transit. Its recyclability aligns with the growing demand for sustainable packaging materials.
In construction, XPP foam serves as an effective insulation material, providing thermal resistance and moisture control in buildings. As energy efficiency becomes a priority in construction projects, the demand for high-performance insulation solutions like XPP foam is expected to rise.
South Korea's polymer foam market, encompassing XPP foam, generated revenue of USD 5,713.4 million in 2023 and is expected to reach USD 8,237.3 million by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
Key players in the XPP foam market include DS Smith, LyondellBasell Industries Holdings B.V., and Borealis AG. These companies are extensively integrated, managing everything from production to sales and distribution across various locations.
As industries in South Korea continue to prioritize lightweight and sustainable materials, the demand for XPP foam is expected to grow, reinforcing its role as a critical component in various industrial applications.
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JSP
Kaneka
BASF
Youngbo
Zotefoams
Trexel
EPE
Bo Fan New Material
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Extruded Polypropylene Foam Market
Expanded Polypropylene (EPP)
Extruded Polypropylene (XPP)
Automotive
Packaging
Sports and Leisure
Building and Construction
Medical
Electronics
Automotive Manufacturers
Packaging Industry
Sports Equipment Manufacturers
Construction Companies
Medical Device Manufacturers
Electronics Manufacturers
Low Density
Medium Density
High Density
Closed-Cell Foam
Open-Cell Foam
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Extruded Polypropylene Foam Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Extruded Polypropylene Foam Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Extruded Polypropylene Foam Market, By Type
6. South Korea Extruded Polypropylene Foam Market, By Application
7. South Korea Extruded Polypropylene Foam Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Extruded Polypropylene Foam Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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