Lucintel Forecasts Polypropylene (PP) Compound Market to Reach $15.0 billion by 2030
Lucintel Forecasts Polypropylene (PP) Compound Market to Reach $15.0 billion by 2030
Blog Article
According to the recent study the Polypropylene Compound Market is projected to
reach an estimated $15.0 billion by 2030 from $12.5 billion in 2023, at a CAGR of
3.0% 2023 to 2030. Growth in this market is primarily driven by increasing
automotive production and growing demand for consumer electronics and
appliances in countries China, the United States, and Hong Kong.
Browse 134 figures / charts and 109 tables in this 228 -page report to understand
trends, opportunities and forecast in polypropylene compound market by end use
(automotive, appliances, consumer electronics, packaging, industrial, and others),
filler (mineral filled, glass reinforced, additive concentrates, compounded TPO/TPVs,
and others), polymer (homopolymers, random polymers, and impact copolymers and
by region (North America, Europe, APAC and Rest of the World).
Lucintel forecasts that automotive will remain the largest end use segment due to the
increasing production of automotive production and growing use of composite
materials for weight reduction, which helps in better fuel economy, better vehicle
performance, and reduced emissions.
Impact polymer will remain the largest segment and it is expected to witness the
highest growth over the forecast period because it offers tougher material and
excellent impact strength at high as well as low temperature.
Download sample by clicking on Polypropylene Compound Market
Europe is expected to remain the largest market for natural fiber composites
because of growth in applications and APAC & ROW are expected to witness the
highest growth over the forecast period because of due to higher acceptance level of
environmentally sustainable composite materials by automotive OEMs, government
directives.
LyondellBasell, Mitsui Chemical Inc., Borealis AG, Japan Polychem Corporation,
Sumitomo Chemical Co. Ltd. are the major supplier in the polypropylene compound
market.
This unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents, contact
Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of
more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and
robust market & unmet needs analysis. We are based in Dallas, TX and have been a
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publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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