According to a market report by Lucintel, the future of the global polypropylene resin in the global composites market looks promising with opportunities in the transportation, consumer goods, and electrical & electronics industry. The polypropylene resin in the global composites market is expected to reach an estimated $1,329 million by 2031 with a CAGR of 5% from 2024 to 2031. The major drivers for this market are the increasing use of lightweight materials and the performance benefits of reinforced polypropylene composites over metals and pure plastics.
A more
than 150-page report to understand trends, opportunity and forecast in
polypropylene resin in the global composites market to 2031 by end use
(transportation, consumer goods, electrical and electronics, and others),
product form (SFT,LFT,CFT, and GMT), and region (North America, Europe, and
Asia Pacific & Rest of the World).
Lucintel
forecasts that consumer goods will remain the largest end use segment and also
expected to witness highest growth over the forecast period due to increasing
demand for consumer products such as packaging, household goods, and
appliances.
SFT by product
will remain the largest segment over the forecast period due to its excellent
properties like; heat resistance, higher strength, conductivity, and flame
retardant are the qualities driving innovation for automotive applications.
Download
sample by clicking on polypropylene
resin in the global composites market.
APAC &
ROW is expected to remain the largest region over the forecast period due to
increasing use of polypropylene resin consumption in various applications and
also expected to witness highest growth over the forecast period.
LyondellBasell,
Mitsui Chemicals, Borealis AG, ExxonMobil, SABIC are the major suppliers in the
polypropylene resin in the global
composites material market.
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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
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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