Regional Insights
o APAC is estimated to account for a major share of the overall XPP foam market in 2018.
o The dominance of APAC is mainly backed by the rapid economic growth and growth of
automotive, packaging, building & construction, and other end-use industries in the region.
o Rapid industrialization coupled with the improved standard of living also positively influences the
growth of the market in the region.
o Moreover, the high growth of the emerging economies and increasing disposable income in APAC
make it an attractive market for various end-use industries, and subsequently the XPP foam
market.
o However, the lack of awareness and rising prices of extruded polypropylene foam are considered
as the major restraints for the growth of the XPP foam market.
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