Polypropylene Compounds Market is expected to grow at a compound annual growth rate of 7.53% for the forecast period of 2021 to 2028. Data Bridge Market Research report on polypropylene compounds market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The polypropylene compounds are the thermoplastic resins produced using a blend of one or more base polyolefin with a variety of components. The various components include impact modifiers, fillers and strengtheners and pigments and additives.
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The major players covered in the polypropylene compounds market report are:
LyondellBasell Industries Holdings B.V., Solvay, Exxon Mobil Corporation, Trinseo, Sumitomo Chemical Co., Ltd., Washington Penn, HEXPOL AB, Avient Corporation, Advanced Composites, CF Plast, GS Caltex Corporation, Repsol, SABIC, Eastman Chemical Company, Total, Formosa Plastics Corporation, U.S.A., China Petrochemical Corporation, LG Chem, BASF SE and Braskem among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Polypropylene Compounds Market, By Product (Mineral Filled Polypropylene, Compounded TPO, Compounded TPV, Glass Reinforced, Additive Concentrates, Others), Polymer Type (Homo Polymers, Random Copolymers, Impact Copolymers), End User (Automotive, Building and Construction, Textile, Electrical and Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The rise in the building and construction industry in developing economies is expected to influence the growth of the polypropylene compounds market. In line with this, the high demand for lightweight materials with high strength in the automotive industry so as to lessen the weight of the automobile and better fuel efficiency are also anticipated to act as key determinants favoring the growth of the polypropylene compounds market over the forecast period of 2021 to 2028. Also the, rise in the population and rapid change in the living standards are also expected to positively impact the growth of the polypropylene compounds market. The major factor accountable for the growth of the market is the rapid increase in the preference and consumption of lightweight materials.
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Global Polypropylene Compounds Market Scope and Market Size
Polypropylene compounds market is segmented on the basis of product, polymer type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of product, the polypropylene compounds market is segmented into mineral filled polypropylene, compounded TPO, compounded TPV, glass reinforced, additive concentrates and others.
Based on polymer type, the polypropylene compounds market is segmented into homo polymers, random copolymers and impact copolymers
The end user segment for polypropylene compounds market is segmented into automotive, building and construction, textile, electrical and electronics and others. Automotive has further been segmented into interior, exterior and under the hood components. Others have further been segmented into packaging, industrial and consumer goods.
Competitive Landscape and Global Polypropylene Compounds Market Share Analysis
Polypropylene compounds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polypropylene compounds market.
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