Low-cost production in China has led to an increase in the production of new polymers, leading the market to oversupply

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DUBLIN, September 21, 2021 / PRNewswire / – The “Global Polypropylene Compounds Market 2021-2028” report was added to ResearchAndMarkets.com offer.

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The global polypropylene compounds market size is expected to reach $ 35.19 billion by 2028, with a CAGR of 7.6%

The growing requirement for flame retardancy and improvement in heat resistance and serviceability of plastics in the electrical and electronics industry is the main growth driver of the global market. In addition, regulations in Western markets, including the EU and the United States, which aim to reduce vehicle weight are further fueling the demand for polypropylene (PP) compounds in the automotive industry.

The segment of mineral-filled products is expected to hold a dominant market share due to the superior properties of such products, such as higher thermal distortion and stiffness. The most widely used minerals in the PP compound include talc, glass beads, mica, silica, and calcium.

Low cost production in China has led to an increase in the production of new polymers, which leads the market to oversupply. In addition, increasing population, rapid industrialization, and increasing levels of disposable income of consumers are some of the key socio-economic factors supporting the market growth in the region.

The global market is the second largest polymer company in the world, contributing over 25% of global polymer demand. The basic raw materials needed for the production of chemicals include raw materials, such as crude oil, natural gas, and other sources. Many companies in the industry have started to manufacture the raw materials themselves to combat imbalances between supply and demand and to cope with the uncertainty of crude oil prices.

Highlights of Polypropylene Compounds Market Report

  • The global market was valued at $ 17.59 billion in 2020 and is expected to grow at a CAGR of 7.6% from 2021 to 2028

  • Mineral-laden PP compounds will continue to be the largest product segment of the global market during the forecast period

  • In terms of income, Asia Pacific accounted for the largest share of over 46% of the global market in 2020 and is expected to register the fastest CAGR over the next eight years

  • The growth of the regional APAC market is attributed to the rapid expansion of end-use industries, such as automotive, power and electronics, in emerging economies like China and India

  • Europe is expected to account for the second largest revenue share of the global market by 2028

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive summary

Chapter 3. Market Variables, Trends and Scope
3.1. Market lineage outlook
3.1.1. Global Plastics Market Outlook
3.2. Mapping of penetration and growth prospects
3.3. Industry value chain analysis
3.3.1. Commodity trends
3.4. Technology overview
3.5. Regulatory framework
3.6. Market dynamics
3.7. Business environment analysis
3.8. Analysis of major transactions and strategic alliances
3.8.1. Joint ventures
3.8.2. Mergers and Acquisitions

Chapter 4. Polypropylene Compounds Market: Product Estimates and Trend Analysis
4.1. Analysis of product movement and market share, 2020 and 2028
4.2. PP compounds loaded with minerals
4.2.1. Polypropylene Compounds Market Estimate & Forecast, by Mineral-Filled PP Compounds 2016-2028 (Kilotons) (USD Million)
4.3. TPO compound
4.4. Compound POS
4.5. Reinforced glass

Chapter 5. Polypropylene Compounds Market: End Use Estimates and Trend Analysis
5.1. Analysis of end-use movements and market share, 2020 and 2028
5.2. Automotive
5.3. Building construction
5.4. Electricity and electronics
5.5. Textiles

Chapter 6. Polypropylene Compounds Market: Regional Estimates and Trend Analysis
6.1. Analysis of regional movements and market share, 2020 and 2028

Chapter 7. Competitive landscape
7.1. Key global players and recent developments and their impact on the industry
7.2. Categorization of key companies / competitions (key innovators, market leaders, emerging players)
7.3. Supplier landscape
7.4. Public enterprises
7.5. Private companies

Chapter 8. Company Profiles
8.1. Company presentation
8.2. Financial performance
8.3. Comparative analysis of products
8.4. Strategic initiatives

  • Lyondellbasell Industries Holdings BV

  • Solvay

  • ExxonMobil Company

  • Trinséo

  • Sumitomo Chemical Co., Ltd.,

  • Washington Penn Plastics Co., Ltd

  • Rhetech Inc.

  • Avient Company

For more information on this report, visit https://www.researchandmarkets.com/r/fmp3sl

Media contact:

Research and markets
Laura Wood, senior
[email protected]

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