According to the recent study the global Polypropylene Compound Market is projected to reach an estimated $15 billion by 2030 from $13 billion in 2023 at a CAGR of 3% from 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 global polypropylene compound market by end use (automotive,
appliances, consumer electronics, packaging, industrial, and others), filler
(mineral filled, glass reinforced, additive concentrates, compounded TPO/TPVs,
and others), polymer (homopolymers, random polymers, and impact copolymers and
by region (North America, Europe, APAC and Rest of the World).
Lucintel forecasts that
automotive will remain the largest end use 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.
Impact polymer will
remain the largest segment and it 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.
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Polypropylene
Compound Market.
Europe is expected to
remain the largest market for natural fiber composites because of growth in
applications and APAC & ROW are expected to witness the highest growth over
the forecast period because of due to higher acceptance level of
environmentally sustainable composite materials by automotive OEMs, government
directives.
LyondellBasell, Mitsui
Chemical Inc., Borealis AG, Japan Polychem Corporation, Sumitomo Chemical Co.
Ltd. are the major supplier in the polypropylene compound 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
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About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
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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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