Jan 19, 2023   SOURCE: BusinessWire

Insights on the Polypropylene Compounds Global Market Report to 2031 - by End-use Industry, Product Type and Region - ResearchAndMarkets.com

The "Polypropylene Compounds Market By Product Type, By End Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

The global polypropylene compound market was valued at $16.2 billion in 2021, and is projected to reach $29.7 million by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

Polypropylene compounds are thermoplastic resins manufactured by combining one or more base polyolefins with different additives, fillers, and reinforcements, as well as impact modifiers. Polypropylene is the second-most widely manufactured thermoplastic, which is frequently used for labeling and packing.

These polypropylene compounds have a wide range of properties and are used in a wide range of applications, including furniture, electrical appliances, automotive, and building & construction materials.

Growth in automotive and electronics industries across emerging countries is anticipated to drive market growth during the forecast period. In the automotive industry, engineering plastics and metals have been largely replaced by polypropylene (PP) based materials in automotive parts in order to achieve reduced weight and cost.

In addition, these compounds are a great choice for fabricating piping systems due to their high strength, rigidity, and purity. Moreover, high demand from the emerging countries, especially China, owing to expansion of the building and construction industry, this will drive the market growth during the forecast period.

However, volatility in the raw material prices may restrain the growth of the market during the forecast period. The primary raw material used to manufacture polypropylene is propylene. These basic resources come from petroleum and carbon-based chemicals.

The global polypropylene compound market is segmented on the basis of product type, end use industry and region. Depending on product type, the polypropylene compound market is divided into mineral filled, compounded TPO/TPV, glass reinforced, and others.

By end use industry, the market is segmented into automotive, building and construction, electrical and electronics, textiles, and others. Automotive is further sub-segmented into interior, exterior, and under the hood components. Region wise, the polypropylene compound market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the polypropylene compounds market analysis from 2021 to 2031 to identify the prevailing polypropylene compounds market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the polypropylene compounds market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global polypropylene compounds market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By End Use Industry

  • Automotive
  • Application
  • Interior
  • Exterior
  • Under the Hood Components
  • Building and Construction
  • Electrical and Electronics
  • Textiles
  • Others

By Product Type

  • Glass Reinforced
  • Others
  • Mineral Filled
  • Compounded TPO/TPV

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest Of Europe
  • Asia-Pacific
  • India
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • China
  • Japan
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Amcor Ltd.
  • Avient Corp
  • BASF SE
  • Clariant Chemicals (India) Ltd
  • Exxon Mobil Corporation
  • The Dow Chemical Company
  • Eastman Chemical Company
  • INEOS AG
  • LG Chem
  • PolyOne Corporation
  • SABIC
  • solvay
  • Repsol
  • Sumitomo Chemical Co., Ltd.
  • LyondellBasell Industries Holdings B.V.
  • Borealis AG
  • RTP Company

For more information about this report visit https://www.researchandmarkets.com/r/qq1su9