Press release
Polypropylene Compounds Market Size, Demand, Share, Key Players, Revenue, Report and Forecast 2032 | BASF SE, LG Chem, Clariant AG, Solvay S.A.
Polypropylene compounds (PP) are also known as polypropene, which is a thermoplastic polymer utilized in different applications. It is the second-most widely produced and frequently utilized in labeling and packaging. Polypropylene compound is rigid, tough, and crystalline thermoplastic. It is created from propene monomer.
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Factors Influencing Market Growth
- The increased manufacturing activities and rising automotive industries are all contributing to the development of the polypropylene compounds market.
- The growth of polypropylene compounds for automotive applications has been supported by the enhanced performance of polypropylene resins-which act as the base of polypropylene compounds and improvements in compound technology.
- Polypropylene compounds are used in exterior automotive applications because of their low thermal expansion, good scratch resistance, and high stiffness incorporated with high impact resistance even at low temperatures predicted to maintain high development of the polypropylene compounds market during the forecast period.
Impact of COVID-19
The impact of the COVID-19 pandemic had influenced the chemical industry supply chain to a major extent and also affected raw material procurement and these factors affected the growth of the polypropylene compound market.
Regional Analysis
In 2022, Asia-Pacific dominated the polypropylene compound market in terms of revenue and is anticipated to consolidate its position during the forecast period. This is because of the high demand for polypropylene compounds from the electronics and electrical, automotive industries, particularly in emerging countries like Japan, India, and China.
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Leading Companies
The leading prominent companies profiled in the global polypropylene compound market are: -
- BASF SE
- LG Chem
- Clariant AG
- Solvay S.A.
- Exxon Mobil Corporation
- SIBUR
- Ineos Group
- Dow Inc.
- Eastman Chemical Company
- Avient Corporation
- Amcor plc
- Borealis AG
- Repsol
- RTP Company
- Sumitomo Chemical Co., Ltd.
- Hitemp Polymers Pvt. Ltd
- Sumitomo Chemical Co., Ltd.
- LyondellBasell
- Other prominent key players
Segmentation Outline
The global polypropylene compound market segmentation focuses on End Use Industry, Product Type, and Region.
Segmentation based on End Use Industry
- Automotive
- Application
- Interior
- Exterior
- Under the Hood Components
- Building and Construction
- Electrical and Electronics
- Textiles
- Others
Segmentation based on Product Type
- Glass Reinforced
- Others
- Mineral Filled
- Compounded TPO/TPV
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Reasons to buy this report -
Analyze market outlook with recent trends and SWOT analysis.
Dynamic market scenario along with market growth opportunities for the coming years.
Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
Regional and national analyzes integrating supply and demand forces that are influencing market growth.
Market value (millions of dollars) and volume (millions of units) data for each segment and sub-segment
Competitive scenario involving the market share of the main players, along with the new projects and strategies adopted by the players in recent years.
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