Polypropylene Compounds Market Size, Global Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Polypropylene Compounds Market


The global Polypropylene Compounds market size is projected to reach US$ 30.51 billion by 2026, from US$ 19.66 billion in 2020, at a CAGR of 7.6% during 2021-2026. expansion of automotive and electronics industries across emerging nations is expected to be the key growth driver over the forecast period. In addition, increasing awareness regarding sustainability of natural resources, especially in North America and Europe is driving the demand for sustainable products.

Global polypropylene (PP) compounds market is the second largest polymer business, which accounts for 25% of the global polymer demand. Rising demand from emerging economies, especially China due to expansion in automotive and building and construction industry is positively influencing the demand for PP compounds.

The U.S. PP compounds market was valued at USD 2.13 billion in 2017 and is anticipated to progress at a CAGR of 6.9% over the forecast period. U.S. is one of the worlds largest automotive markets with the presence of several vehicle and auto parts manufacturers. The demand is driven by utilization of polypropylene compound in automotive manufacturing to achieve better fuel efficiency.

Polypropylene compounds market is highly dependent on commodity prices with the presence of a large number of global and regional manufacturers. Major companies are making huge investments on technological innovation to improve their production capacity. Foreign investments are decreasing since most companies are investing in domestic production capacities.

However, volatility in raw material prices is anticipated to hinder growth of the polypropylene compounds market over the forecast period. Propylene is the key raw material used for manufacturing polypropylene. These raw materials are derived from carbon compound and petroleum. Crude oil is one commodity, considered to be highly volatile in terms of pricing. This volatility can further be seen in its downstream derivatives.

Market Segmentation, Outlook & Viewpoint: Global Polypropylene Compounds Market

Product Market Segmentation & Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  
Mineral Filled PP
  
Compounded TPO
  
Compounded TPV
  
Glass Reinforced
  
Others

End-use Market Segmentation & Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

Automotive

  
Interior
  
Exterior
  
Under the Hood Components

Building & Construction

Electrical & Electronics

Textiles

Others

Key Players, Recent Developments & Regional Insights: Global Polypropylene Compounds Market

The global demand for mineral filled PP compound product is projected to register a CAGR of 5.2% between 2018 and 2025. Minerals are incorporated in polypropylene compounds to produce higher heat distortion and rigidity. The most widely used minerals in polypropylene compounds include talc, glass beads, mica, silica, and calcium. The improved thermal stability and mechanical stiffness enable their extensive use in several applications, such as automotive and electrical and electronics.

Compounded TPO refers to a blend of polypropylene, polyethylene, and EPDM rubber. TPOs are processed via injection molding and blow molding. They exhibit superior characteristics, such as low density and high resistance to impact and chemical. These properties make them ideal for applications, such as automotive parts that require increased toughness and durability over conventional polymers.

End-use Insights

PP compounds are widely used in various end-use industries, such as automotive, building and construction, textiles, and electronics. Low density of PP compounds improves fuel economy of vehicles and reduces overall raw material costs. High flexibility of polypropylene has led to the creation of innovative designs, which enhances passenger safety and comfort. These factors are responsible for driving the demand for PP compounds.

Automotive segment is projected to progress at a CAGR of 7.9% over the forecast period. Growing popularity of polypropylene as an alternative for engineering plastics and metal in automotive applications is projected to boost the product demand over the forecast period.

Regional Insights

Unconventional low cost feedstock are encouraging new capacity investment in North America and China, which will have a significant impact on global trade and regional competitiveness. The surge of shale gas derived feedstock has led to an unprecedented level of cost-competitiveness among the North American manufacturers.

Asia Pacific accounted for 45.9% of global market share, in terms of revenue, in 2017. The region was followed by Europe, which is projected to expand at a CAGR 6.6% between 2018 and 2025. The European market is expected to witness sizable growth over the forecast period. Stringent rules and regulations regarding recycling and environment protection have created favorable conditions for the PP compounds owing to their environment-friendly and halogen-free nature.

Polypropylene Compounds Market Share Insights

The market is highly competitive and relatively integrated with the presence of major key players capturing a major revenue share. Key participants include LyondellBasell; ExxonMobil; A. Schulman; PolyOne Corporation; Advanced Composites; Washington Penn Plastics Co., Ltd; Solvay; RheTech Inc.; Sumitomo Chemicals; and Trinseo.

Key Insights Covered: Global Polypropylene Compounds Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Polypropylene Compounds industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Polypropylene Compounds industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Polypropylene Compounds industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Polypropylene Compounds industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Polypropylene Compounds industry.

Research Methodology: Global Polypropylene Compounds Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other