The Global Polypropylene Compound Market research study published by Emergen Research is an extensive collection of insightful information about the Polypropylene Compound industry. The report covers the Polypropylene Compound Market segmentation along with a detailed outline of the Polypropylene Compound market size with regards to volume and valuation. The report provides comprehensive coverage of the Polypropylene Compound market scenario for the current period and forecast timeline of 2020-2027. The Polypropylene Compound market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
The global PP compound market size reached USD 17.59 Billion in 2020 and is expected to register a revenue CAGR of 7.6% during the forecast period, according to latest analysis by Emergen Research. Rising demand for long-fiber PP compound and increasing adoption of lightweight materials are some of the major factors driving global PP compound market revenue growth. Revenue growth of the market is also expected to be driven by increasing demand for PP compound due to rapid growth of end-use industries such as automotive, electronics, textile, and construction.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Polypropylene Compound market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Polypropylene Compound market landscape.
The increased use of Polypropylene Compound by municipalities and enterprises is responsible for the market's expansion. The Polypropylene Compound market is anticipated to grow at a faster rate during the forecast period than traditional treatment procedures like thermal oxidation and chemical oxidation due to the reduced operational and capital costs of Polypropylene Compound. The demand for Polypropylene Compound is rising as more people are embracing biological treatment methods like aerobic activated sludge. The use of Polypropylene Compound solutions is projected to increase in the near future due to rising restrictions on the discharge of treated effluents into freshwater bodies.
The Polypropylene Compound research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans.
The key companies studied in the report are:
LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), Mitsui Chemicals, Inc., Avient Corporation, Ravago Holdings America, Inc., Washington Penn Plastic Co., Inc., Kingfa Science Technology Co., Ltd., Sumitomo Shoji Chemical Co., Ltd., PP-Plus Corporation, and HEXPOL AB (RheTech)
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
Product Outlook (Revenue, USD Billion; Volume KT; 2018–2028)
- Mineral Filled
- Compounded TPO
- Compounded TPV
- Glass Reinforced
- Others
Polymer Type Outlook (Revenue, USD Billion; Volume KT; 2018–2028)
- Homo Polymers
- Random Copolymers
- Impact Copolymers
End Use Outlook (Revenue, USD Billion; Volume KT; 2018–2028)
- Automotive
- Building Construction
- Electrical Electronics
- Textiles
- Others
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Polypropylene Compound market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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