The global polypropylene compound market is projected to reach $12.7 billion by 2025, at a CAGR of 2.3% during 2020-2025. The growth of polypropylene compound market is driven by growth in demand for light weight vehicles, and increasing demand for PP compound in appliances and consumer electronics industries.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the polypropylene compound market
by end use (automotive, appliances, consumer electronics, packaging,
industrial, and others), polymer type (homo polymers, random copolymers, and
impact copolymers), filler type (mineral filled, glass reinforced, compounded
TPO/TPVs, and others), and region (North America, Europe, Asia Pacific, and the
Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the polypropylene compound market?
Q.4 What are some
changing demands of customers in the polypropylene compound market?
Q.5 What are the new
developments in the polypropylene compound market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this polypropylene compound area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this polypropylene compound market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include development of
eco-friendly polypropylene compounds.
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Market Segmentation:
Based on polymer type,
the polypropylene compound market is segmented into homo polymers, random
copolymers, and impact copolymers. The homo polymers segment accounted for the
largest share of the market in 2020 due to low cost and high temperature resistance
properties.
Asia Pacific is expected
to be the largest region with the highest growth over the forecast period due
to growth in automotive, consumer electronics and appliances production.
Key Players in the polypropylene
compound market are LyondellBasell, Mitsui Chemicals, Borealis, Spartech,
Washington Penn, Kingfa, Sparsh Polychem, Ravago, Sumitomo Chemical, and SABIC
and others and others.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers, restraints,
challenges, and opportunities for market growth. It would also help to
understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/polypropylene-compound-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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