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.

Currently, long-fiber thermoplastic 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 PP compounds to make different parts of the car, which enables replacing steel with PP compound. It even helps to reduce the use of expensive engineering plastics, and enables offering of more cost-effective vehicles to consumers.

However, easy availability of other lightweight materials as substitutes and increasing trend of plastic recycling are expected to hamper growth of the global PP compound market to some extent over the forecast period.

The Global Polypropylene Compound Market report is a detailed study of the different segments of the market, factors driving and restraining the growth of the market, and regional landscape based on the data gathered from both primary and secondary sources of data collection, along with the research methodology employed for analysis provided in the study. The market overview, SWOT analysis, and insights into the strategies adopted by key players operating in the Polypropylene Compound market help understand the market forces and how those can be exploited to benefit from future opportunities.

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The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

In market segmentation by manufacturers, the report covers the following companies-
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).

The research study gives a comprehensive analysis of the market with the help of several analytical tools and helps identify and capitalize on the growth prospects existing in the Polypropylene Compound Market. It also offers accurate insights into the prevalent business strategies. The market overview gives growth estimations based on historical analysis and a detailed evaluation of the gross revenue, demand and supply dynamics, volume, market share, pricing structure, and profit margin for each market segment. The regional analysis takes into consideration the overall sales and CAGR to underline the leading companies in each regional Polypropylene Compound based on product types and product applications.

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

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The report offers three types of Polypropylene Compounds and uses analytical tools like Porter’s Five Forces analysis, SWOT analysis, and both qualitative and quantitative assessment of the market. It estimates the market size in the forecast duration by studying its value, volume, market share, growth rate, and other market essentials. It gives extensive company profiles, wherein the analysts explain the expansion tactics adopted by market leaders, including both long- and short-term strategies, and other vital competitive factors of significant businesses in the global Polypropylene Compound market.

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.

The report provides an in-depth study of the product, application, and regional segments of the global nano- and micro-satellite industry. As part of the regional analysis, the report includes an assessment of the leading regions of North America, Europe, India, China, and the EMEA.

Research Objectives:

It evaluates a comprehensive structure and overview of the Polypropylene Compound Industry.

It provides accurate insights into critical factors like drivers and constraints, growth rate, value, volume, market share, and overall revenue.

It studies the growth prospects, challenges, drivers and restraints operating in the market.

It allows the reader to understand the Polypropylene Compound market competition by assessing the top vendors, with elaborate company profiles, gross revenue, profit margin, import-export status, and global market share.

It brings to light the pricing structure, demand and supply dynamics, value chain analysis, SWOT analysis to support the formulation of lucrative business strategies.

It lists the data sources referred to during the study, detailed research methodology and other vital findings.

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The Polypropylene Compound Market report also includes an investment analysis and growth trend analysis to help readers maximize their return on investment. It highlights the growth opportunities existing in the global Polypropylene Compound market segments. It offers an extensive investigation of the import-export status and the rates of production and consumption. The Polypropylene Compound Market report also provides some of the essential market aspects to draw a forecast for the coming years based on the information derived as part of the historical analysis and an analysis of the current market scenario.

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Contact Information:

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: [email protected]

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

 

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