According to the recent study the Polypropylene Compound Market is projected to reach an estimated $15 billion by 2030 from $13 billion in 2023 at a CAGR of 3% 2023 to 2030. Growth in this market is primarily driven by increasing automotive production and growing demand for consumer electronics and appliances in countries China, the United States, and Hong Kong.
Browse 134 figures/charts
and 109 tables in this 228-page report to understand trends, opportunities and
forecast in polypropylene compound market by end use (automotive, appliances,
consumer electronics, packaging, industrial, and others), filler type (mineral
filled, glass reinforced, additive concentrates, compounded TPO/TPVs, and
others), polymer type (homopolymers, random copolymers, and impact copolymers),
and region (North America, Europe, Asia Pacific, and the Rest of the World).
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Polypropylene Compound Market.
“Automotive market is expected to remain the largest segment
during the forecast period.”
Based on end use, the
polypropylene compound market is segmented into automotive, appliances,
consumer electronics, packaging, industrial, and others. Lucintel forecasts
that the automotive market is expected to remain the largest segment due to the
increasing production of automotive production and growing use of composite
materials for weight reduction, which helps in better fuel economy, better
vehicle performance, and reduced emissions.
“Within the polypropylene compound market, the impact polymer
segment is expected to remain the largest polymer type.”
Based on polymer type
the impact polymer segment is expected to witness the highest growth over the
forecast period because it offers tougher material and excellent impact
strength at high as well as low temperature.
“Asia pacific will dominate the polypropylene compound market in
near future.”
Asia Pacific is expected
to remain the largest region and witness the highest growth over the forecast
period due to increasing growth in automotive production and appliance
industry.
Major players of
polypropylene compound market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market.
LyondellBasell, Mitsui Chemical Inc., Borealis AG, Jpanese Polypropylene
Corporation, Sumitomo Chemical Co. Ltd. are among the major polypropylene
compound providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
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you growth through game changer ideas and robust market &
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years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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