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 Polypropylene (PP) Compound and increasing adoption of lightweight materials are some of the major factors driving global Polypropylene (PP) Compound market revenue growth. Revenue growth of the market is also expected to be driven by increasing demand for Polypropylene (PP) Compound due to rapid growth of end-use industries such as automotive, electronics, textile, and construction.
Currently, long-fiber thermoplastic Polypropylene (PP) Compounds are used in automotive front-end carriers, door panels, pedals, under body shields, and many more. It has reached its peak with the help of resin companies. Glass fibers are combined with Polypropylene (PP) Compounds to make different parts of the car, which enables replacing steel with Polypropylene (PP) Compound. It even helps to reduce the use of expensive engineering plastics, and enables offering of more cost-effective vehicles to consumers.
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However, easy availability of other lightweight materials as substitutes and increasing trend of plastic recycling are expected to hamper growth of the global Polypropylene (PP) Compound market to some extent over the forecast period.
A novel report on global Polypropylene (PP) Compound Market is offering current developments and emerging trends of the market. The report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Polypropylene (PP) Compound Market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.
Key players involved in the market, such as 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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Emergen Research has segmented the global Polypropylene (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
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Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Benefits of Buying the Global Polypropylene (PP) Compound Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Polypropylene (PP) Compound Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Polypropylene (PP) Compound Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Polypropylene (PP) Compound Market
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