February 24, 2023 09:48 ET | Source: Research and Markets Research and Markets
Dublin, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The "Polypropylene Compounds Market Size, Share & Trends Analysis Report By Product (Mineral Filled, Compounded TPO, Compounded TPV, Glass Fiber Reinforced, Talc Filled), By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering. The global polypropylene compounds market size is anticipated to reach USD 39.21 billion by 2030. It is projected to propel at a CAGR of 7.8% over the forecast period.
Increasing investment in the modernization of production assets and R&D in the automotive industry is responsible for driving the demand for propylene in the market. Until recent times, most auto components were manufactured using steel as the major material; however, steel is being increasingly replaced by plastic alternatives in a bid to reduce overall vehicle weight. The substantial investment in research & development by various automotive manufacturers has resulted in greater weight reduction in vehicles without compromising on safety. Polypropylene compounds are an integral part of such vehicles further propelling their demand in the region.
Additionally, the use of PP compounds in electrical appliances owing to their superior insulative properties has created lucrative opportunities for the market in the U.S. 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 high resistance to impact, excellent chemical resistance, and low density.
These properties make them ideal for use in applications such as automotive parts that require increased toughness and durability over conventional polymers. Furthermore, they can be integrated with several additives resulting in properties such as flame retardants which enables their use in the electrical & electronics industry. Recently, LyondellBasell Industries Holdings B.V. introduced Beon3D, a new product to their existing product portfolio of polypropylene compounds. This compound combines additive manufacturing with extrusion-based processes. It provides higher hydrophobicity, acoustical & optical performance, and higher heat resistance. Polypropylene Compounds Market Report Highlights
Key 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 Polypropylene Market Lineage Outlook 3.1.2. Global Plastics Market Lineage Outlook 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.3.1. Raw Material Trends 3.4. Regulatory Framework 3.4.1. Standard & Compliances 3.4.2. Safety 3.5. Market Dynamics 3.5.1. Market Driver Analysis 3.5.2. Market Restraint Analysis 3.5.3. Market Challenge Analysis 3.5.4. Market Opportunity Analysis 3.6. Industry Analysis - Polypropylene Compounds Market Chapter 4. Polypropylene Compounds Market: Product Estimates & Trend Analysis 4.1. Product movement analysis & market share, 2022 & 2030 4.2. Mineral filled PP compounds 4.2.1. Polypropylene Compounds market, estimate and forecasts, by Mineral filled PP compounds, 2018 - 2030 (Kilotons) (USD Million) 4.3. Compounded TPO 4.3.1. Polypropylene Compounds market, estimate and forecasts, by Compounded TPO, 2018 - 2030 (Kilotons) (USD Million) 4.4. Compounded TPV 4.4.1. Polypropylene Compounds market, estimate and forecasts, by Compounded TPV, 2018 - 2030 (Kilotons) (USD Million) 4.5. Glass fiber reinforced 4.5.1. Polypropylene Compounds market, estimate and forecasts, by Glass fiber reinforced, 2018 - 2030 (Kilotons) (USD Million) 4.6. Talc filled 4.6.1. Polypropylene Compounds market, estimate and forecasts, by Talc filled, 2018 - 2030 (Kilotons) (USD Million) 4.7. Others 4.7.1. Polypropylene Compounds market, estimate and forecasts, by Others, 2018 - 2030 (Kilotons) (USD Million) Chapter 5. Polypropylene Compounds Market: Application Estimates & Trend Analysis 5.1. Application movement analysis & market share, 2022 & 2030 5.2. Fiber 5.2.1. Polypropylene Compounds market, estimate and forecasts, by Fiber, 2018 - 2030 (Kilotons) (USD Million) 5.3. Film & sheet 5.3.1. Polypropylene Compounds market, estimate and forecasts, by Film & sheet, 2018 - 2030 (Kilotons) (USD Million) 5.4. Raffia 5.4.1. Polypropylene Compounds market, estimate and forecasts, by Raffia, 2018 - 2030 (Kilotons) (USD Million) 5.5. Others 5.5.1. Polypropylene Compounds market, estimate and forecasts, by Others, 2018 - 2030 (Kilotons) (USD Million) Chapter 6. Polypropylene Compounds Market: End-use Estimates & Trend Analysis 6.1. End-use movement analysis & market share, 2022 & 2030 6.2. Automotive 6.2.1. Polypropylene Compounds market, estimate and forecasts, by Automotive, 2018 - 2030 (Kilotons) (USD Million) 6.3. Building & construction 6.3.1. Polypropylene Compounds market, estimate and forecasts, by Building & construction, 2018 - 2030 (Kilotons) (USD Million) 6.4. Electrical & electronics 6.4.1. Polypropylene Compounds market, estimate and forecasts, by Electrical & electronics, 2018 - 2030 (Kilotons) (USD Million) 6.5. Textile 6.5.1. Polypropylene Compounds market, estimate and forecasts, by Textile, 2018 - 2030 (Kilotons) (USD Million) 6.6. Others 6.6.1. Polypropylene Compounds market, estimate and forecasts, by Others, 2018 - 2030 (Kilotons) (USD Million) Chapter 7. Polypropylene Compounds Market: Regional Estimates & Trend Analysis Chapter 8. Competitive Landscape 8.1. Key global players and recent developments & their impact on the industry 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players) 8.3. Vendor Landscape 8.3.1. List of key Distributors and Channel Partners 8.3.2. Key Potential Customers 8.4. Public Companies 8.4.1. Competitive Dashboard Analysis 8.5. Private Companies 8.5.1. List of Key Emerging Companies/End-use Disruptors/Innovators Chapter 9. Company Profiles
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