As per this study the Global Polypropylene (PP) Compounds Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Polypropylene compounds (PP) are the thermoplastic resins that are produced by a combination of propylene monomers with various components, such as impact modifiers, fillers, strengthener pigments, and additives. Polypropylene compounds, owing to their light weights and high-performance plasticity attributes they are widely used in a variety of applications that include packaging for consumer products, plastic parts for various industries such as automotive industries, constructions, electronics, textiles, and others.
The rising expansion of automotive and electronics industries across the globe where polypropylene compounds are used for manufacturing respective plastic parts are fueling the global polypropylene compounds market growth. Moreover, growing demand from emerging economies, especially China due to expansion of building & construction and automotive industries is further pushing the market growth. However, fluctuating prices of raw material used for polypropylene i.e. crude oil can restrain market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of polypropylene (pp) compounds.
The broad polypropylene (pp) compounds market has been sub-grouped into product and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By End User
- Mineral Filled PP Compounds
- Compounded TPO
- Compounded TPV
- Glass Reinforced
- Under the Hood Components
- Building & Construction
- Electrical & Electronics
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for polypropylene (pp) compounds in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Polypropylene (PP) Compounds Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the polypropylene (pp) compounds market includes A. Schulman, Advanced Composites, ExxonMobil, LyondellBasell, PolyOne, RheTech Inc., Solvay, Sumitomo Chemicals, Trinseo, and Washington Penn Plastics Co., Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.