The global PP compound market size reached USD 17.59 Billion in 2020 and is expected to register a revenue CAGR of 7.6% during the forecast period, according to latest analysis by Emergen Research. Rising demand for long-fiber PP compound and increasing adoption of lightweight materials are some of the major factors driving global PP compound market revenue growth. Revenue growth of the market is also expected to be driven by increasing demand for PP compound due to rapid growth of end-use industries such as automotive, electronics, textile, and construction.
The Global Polypropylene Compound Marketplace Report offers wide-ranging information and facts about the Polypropylene Compound market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Polypropylene Compound market further validated and verified by the industry experts and professionals. The Global Polypropylene Compound Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Polypropylene Compound market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
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Some Key Highlights From the Report
Automotive segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing demand for PP compounds such as resins and low-density PP compounds, which is boosting revenue growth of the automotive segment.
Impact copolymer segment is expected to register a significantly robust revenue growth rate over the forecast period owing to excellent performance in outdoor applications and components with cost-effective, low strength, and ductile materials. It can be used for various purposes such as blow molding, sheet extrusion, and thermoforming.
Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to its cost-efficient feedstock. Shale gas, which is derived from the feedstock, increases the cost competitiveness among manufacturers. Besides, presence of some major companies such as Mitsui Chemicals, Inc., Kingfa Science &Technology Co. Ltd., and others is boosting growth of the PP compound market in the region.
Leading Companies of the Polypropylene Compound Industry and Profiled in the Report are:
LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), Mitsui Chemicals, Inc., Avient Corporation, Ravago Holdings America, Inc., Washington Penn Plastic Co., Inc., Kingfa Science & Technology Co., Ltd., Sumitomo Shoji Chemical Co., Ltd., PP-Plus Corporation, and HEXPOL AB (RheTech).
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Polypropylene Compound market expected to boost the growth of the industry in the coming years.
Emergen Research has segmented the global PP compound market on the basis of product, polymer type, end use, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
Mineral Filled
Compounded TPO
Compounded TPV
Glass Reinforced
Others
Polymer Type Outlook (Revenue, USD Billion; 2018–2028)
Homo Polymers
Random Copolymers
Impact Copolymers
End Use Outlook (Revenue, USD Billion; 2018–2028)
Automotive
Building & Construction
Electrical & Electronics
Textiles
Others
Regional Analysis:
The report sheds light on the region expected to dominate the Polypropylene Compound market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Polypropylene Compound market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Questions Answered in the Report:
What is the growth rate of the Polypropylene Compound market? What is the anticipated market valuation of Polypropylene Compound industry by 2028?
What are the key growth driving and restraining factors of the Polypropylene Compound market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Polypropylene Compound industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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