Product Code: GVR-2-68038-734-6
Polypropylene Compounds Market Growth & Trends:
The global polypropylene compounds market size is estimated to reach USD 39.21 billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The major factor contributing to the growth of the polypropylene (PP) compounds market is the rising demand for lightweight and high-performing plastics in the automotive industry.
There has been a shift in the trend toward manufacturing lightweight vehicle components owing to the stringent environmental regulations issued by the government to promote fuel economy. Polypropylene, being plastic, is lightweight and therefore positively influences the efficiency of the vehicle. Increasing incorporation of plastics in automotive components and the simultaneous rise in the production of electric passenger cars and heavy-duty vehicles, particularly in Asia and Central & South America, are expected to propel the growth of PP compounds over the forecast period.
The glass fiber reinforced segment is expected to lead the market from 2024 to 2030. Glass-reinforced polypropylene offers higher tensile strength, enhanced heat resistance and significantly improved stiffness. This product is commonly used in structural components that require the aforementioned properties and are predominantly a part of furniture, appliances, and automotive applications.
The electrical & electronics application segment is expected to grow at a CAGR of 7.8% from 2024-2030. Polypropylene compounds are used in electrical and electronics industry owing to their benefits such as weight reduction, thermal & electrical insulation, and miniaturization. Their demand has propelled over the past years due to increased use of advanced features such as high-density data storage. Moreover, the use of PP compounds has enabled the development of higher performing, affordable and convenient electronic equipment that are recyclable owing to its halogen-free nature.
Europe emerged as the third-largest market for PP compounds and accounted for a market share of around 21.0% in 2023. Europe is one of the prominent manufacturers of automobiles and is expected to continue its dominance in this sector over the forecast period. The rising demand for lightweight electric and hybrid vehicles, along with the presence of major automotive manufacturers, including AUDI AG, BMW AG, Mercedes-Benz AG, Automobili Lamborghini S.p.A., and Porsche Austria GmbH & Co. in this region, makes it a hub for the automotive industry.
Propylene Compounds Market Report Highlights:
- Based on product, the glass fiber reinforced segment is expected to grow at a CAGR of over 8.0% from 2024 to 2030. The product find application across industries due to their higher tensile strength, heat resistance, and improved stiffness
- Based on end-use, the building & construction segment is expected to grow at a CAGR of over 7.0% from 2024 to 2030. The use of polypropylene-based compounds in the building and construction segment has increased in recent years, owing to their benefits such as energy efficiency, weather resistance, and green roofing options
- Increasing demand for electronic gadgets such as mobiles, laptops, tablets, and phablets in emerging economies of the Asia Pacific and Central & South America, such as China, India, Vietnam, Thailand, Brazil, and Argentina, is expected to drive polypropylene compounds consumption in the electrical & electronics application segment
- In October 2023, LyondellBasell Industries Holdings B.V. announced the launch of its new range of translucent polypropylene compounds, namely Hostacom and Hifax, for automotive applications
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Polypropylene Compounds Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Distribution Channel Analysis
- 3.2.2. Raw Material Trends
- 3.2.3. Technological Overview
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Polypropylene Compounds Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Polypropylene Compounds Market Estimates & Forecast, By Product, 2018 to 2030 (Kilotons) (USD Million)
- 4.3. Mineral filled PP compounds
- 4.3.1. Mineral filled PP compounds Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Compounded TPO
- 4.4.1. Compounded TPO Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Compounded TPV
- 4.5.1. Compounded TPV Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Glass Fiber Reinforced
- 4.6.1. Glass Fiber Reinforced Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.7. Talc Filled
- 4.7.1. Talc Filled Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.8. Others
- 4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Polypropylene Compounds Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Polypropylene Compounds Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
- 5.3. Fiber
- 5.3.1. Fiber Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Film & Sheet
- 5.4.1. Film & Sheet Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Raffia
- 5.5.1. Raffia Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Others
- 5.6.1. Others Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Polypropylene Compounds Market: End-use Estimates & Trend Analysis
- 6.1. End-use Movement Analysis & Market Share, 2023 & 2030
- 6.2. Polypropylene Compounds Market Estimates & Forecast, By End-use, 2018 to 2030 (Kilotons) (USD Million)
- 6.3. Automotive
- 6.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Building & Construction
- 6.4.1. Building & Construction Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Electrical & Electronics
- 6.5.1. Electrical & Electronics Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Textile
- 6.6.1. Textile Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.7. Others
- 6.7.1. Others Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Polypropylene Compounds Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Polypropylene Compounds Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. U.S. Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Canada Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Mexico Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3. Europe
- 7.3.1. Europe Polypropylene Compounds Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Germany Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3. UK
- 7.3.3.1. Key country dynamics
- 7.3.3.2. UK Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4. France
- 7.3.4.1. Key country dynamics
- 7.3.4.2. France Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Italy Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Spain Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7. Netherlands
- 7.3.7.1. Key country dynamics
- 7.3.7.2. Netherlands Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.8. Norway
- 7.3.8.1. Key country dynamics
- 7.3.8.2. Norway Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Polypropylene Compounds Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. China Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Japan Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. India
- 7.4.4.1. Key country dynamics
- 7.4.4.2. India Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Australia Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. Key country dynamics
- 7.4.6.2. South Korea Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7. Indonesia
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Indonesia Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.8. Malaysia
- 7.4.8.1. Key country dynamics
- 7.4.8.2. Malaysia Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.9. Thailand
- 7.4.9.1. Key country dynamics
- 7.4.9.2. Thailand Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Central & South America
- 7.5.1. Central & South America Polypropylene Compounds Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Brazil Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Argentina Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middles East & Africa Polypropylene Compounds Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Saudi Arabia Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3. UAE
- 7.6.3.1. Key country dynamics
- 7.6.3.2. UAE Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. Key country dynamics
- 7.6.4.2. South Africa Polypropylene Compounds Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Polypropylene Compounds Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share/Position Analysis, 2023
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research And Development
- 8.6. Company Profiles
- 8.6.1. Mitsui Chemical, Inc.
- 8.6.1.1. Participant's overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Recent developments
- 8.6.2. IRPC Public Company Limited
- 8.6.2.1. Participant's overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Recent developments
- 8.6.3. Exxon Mobil Corporation
- 8.6.3.1. Participant's overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Recent developments
- 8.6.4. Avient Corporation
- 8.6.4.1. Participant's overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Recent developments
- 8.6.5. Japan Polypropylene Corporation
- 8.6.5.1. Participant's overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Recent developments
- 8.6.6. SABIC
- 8.6.6.1. Participant's overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Recent developments
- 8.6.7. Trinseo S.A.
- 8.6.7.1. Participant's overview
- 8.6.7.2. Financial performance
- 8.6.7.3. Product benchmarking
- 8.6.7.4. Recent developments
- 8.6.8. Sumitomo Chemical Co., Ltd.
- 8.6.8.1. Participant's overview
- 8.6.8.2. Financial performance
- 8.6.8.3. Product benchmarking
- 8.6.8.4. Recent developments
- 8.6.9. Washington Penn
- 8.6.9.1. Participant's overview
- 8.6.9.2. Financial performance
- 8.6.9.3. Product benchmarking
- 8.6.9.4. Recent developments
- 8.6.10. Borealis AG
- 8.6.10.1. Participant's overview
- 8.6.10.2. Financial performance
- 8.6.10.3. Product benchmarking
- 8.6.10.4. Recent developments
- 8.6.11. LyondellBasell Industries Holdings B.V.
- 8.6.11.1. Participant's overview
- 8.6.11.2. Financial performance
- 8.6.11.3. Product benchmarking
- 8.6.11.4. Recent developments
- 8.6.12. DAEHACOM Co., Ltd.
- 8.6.12.1. Participant's overview
- 8.6.12.2. Financial performance
- 8.6.12.3. Product benchmarking
- 8.6.12.4. Recent developments
- 8.6.13. GS Caltex Corporation
- 8.6.13.1. Participant's overview
- 8.6.13.2. Financial performance
- 8.6.13.3. Product benchmarking
- 8.6.13.4. Recent developments