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.
LyondellBasell Industries Holdings B.V.
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
Polypropylene Compounds market is valued at USD 21.54 billion in 2022 and is expected to reach USD 39.21 billion in 2030 at an estimated CAGR of 7.8% from 2023 to 2030, owing to the growing demand for compounded PP across various markets
A majority of the companies are expected to target Asia Pacific, Central & South America, and the Middle East & Africa for regional expansion owing to the high growth potential in automotive industries propelling the demand for passenger cars and two-wheelers in these regions
Polypropylene compounds are primarily used in the flexible packaging of certain food and confectionery items, clothing, tobacco, and others. Apart from flexible packaging, it has vivid use in rigid packaging of PP bottles for mineral water and edible oils. It is also used in automotive, consumer products such as housewares, furniture, appliances, luggage, and other applications
Plastics composed on BPA breakdown when they are washed, heated, or stressed and can contaminate food and water through leaching from the packaging lining. This has also attracted various scientific studies to be performed, while regulatory agencies such as FDA and EFSA have put a partial ban and approved content
Polypropylene compounds are used in the electrical and electronics industry owing to their benefits such as weight reduction, thermal insulation, electrical insulation, and miniaturization. Their demand has propelled over the past years owing to the increased use of advanced features such as high-density data storage
Estimated Market Value (USD) in 2023
Forecasted Market Value (USD) by 2030
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
For more information about this report visit https://www.researchandmarkets.com/r/k54px0
About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Virginia Governor Glenn Youngkin made national headlines recently when he rejected a Ford Motor (F) factory in a struggling part of the state, owning to Ford’s partnership with Contemporary Amperex Technology Co. (CN:300750) ( CATL), a Chinese electric-vehicle battery manufacturer. A month later, Michigan Governor Gretchen Whitmer celebrated that her state landed the plant, saying, “It’s thrilling, it’s thrilling.” This joint-venture appears to be constituted to allow Ford to harvest the tax incentives provided in the Inflation Reduction Act without getting FDI or even any technological return.
Energy stocks outperformed last year, with the sector generally gaining 59% in a year when the S&P 500 dropped 19%. That’s serious performance, the kind that will always delight investors, and it has traders and analysts alike watching the energy sector closely in this first quarter of 2023. So far, the energy sector is holding back from the action. Inflation appears to be cooling and the Federal Reserve has indicated that it may take a slower pace for future interest rate hikes, both developmen
The current economic situation is turbulent for investors, to say the least. From the threat of a looming recession to high inflation, current market conditions mean that it is becoming increasingly difficult for investors to predict what’s happening next. Wall Street’s analysts, however, are up to the task, and from BMO, chief investment strategist Brian Belski has noted some important factors that investors will need to consider. First, in Belski’s view, is the fact that bear markets typically
The young founder hits back at the bank in new filings, alleging JPMorgan should have known what it was buying. Javice is demanding a trial by jury.
Every employer should review their wage and hour compliance regularly, an employment attorney says.
(Bloomberg) -- AMC Entertainment Holdings Inc. common stock surged 23% after a Delaware court said it will hold a preliminary injunction hearing on April 27, signaling a highly anticipated conversion between the shares and preferred units may take longer than expected.Most Read from BloombergElon Musk Regains His Spot as the World’s Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeTD Bank to Pay $1.2 Billion to End Suit Tied to Ponzi SchemeNigeria Latest: Tinubu Wins Ekiti
While he’s not as popular as Jeff Bezos or Elon Musk in the U.S., Bernard Arnault doesn’t need to be — he’s the richest person in the world and may have the most unique story amongst his billionaire peers. Arnault, 73, born in France, may be most well-known today for his founding and current leadership of LVMH Moët Hennessy Louis Vuitton, the world's largest luxury goods company, but how he got there involved one French Franc ($0.16 USD), real estate in the French Riviera, and condominiums in Pa
Here's how BlackRock Inc., the world's largest asset manager, is bracing for the economic damage it expects to result from high interest rates.
Let us look at four drug and biotech companies, NVAX, IOVA, ALLO, SRPT and FATE, which are gearing up for their earnings release.
An esoteric concept known as the “equity risk premium” is once again being cited by analysts as a reason that U.S. stocks are no longer “worth it.”
Growth stock Novo Nordisk is showing strength after FDA approval of breakthrough oral drug for type 2 diabetes. Shares are in a base.
Wood's flagship Ark Innovation ETF has stumbled 45% during the past year but has rebounded 24% so far this year.
Union Pacific stock could double with a new CEO. Meanwhile, railroad stocks keep losses to a minimum despite Ohio disaster.
With AI and the metaverse driving demand for Nvidia among top mutual funds, NVDA stock is in buy zone after soaring on earnings.
(Bloomberg) -- A dizzying rally in China’s technology stocks is fading fast as growth concerns take center stage despite a string of earnings beats.Most Read from BloombergElon Musk Regains His Spot as the World’s Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeTD Bank to Pay $1.2 Billion to End Suit Tied to Ponzi SchemeNigeria Latest: Tinubu Wins Ekiti Vote; Next Briefing at 11 a.m.Goldman Turns to ‘Make-or-Break’ Unit as Solomon Put to TestThe Nasdaq Golden Dragon China
The electric-vehicle startup maintained its 2023 production target of 42,400 vehicles and is averaging 100 new cars a week.
(Reuters) -Oil prices were steady in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes potentially hurting demand in the world's biggest economy. Brent crude futures for April, due to expire on Tuesday, gained 14 cents to $82.59 per barrel by 0443 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 21 cents to $75.89 a barrel.
Innovative Industrial Properties (IIPR) delivered FFO and revenue surprises of 8.72% and 2.71%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Norwegian Cruise's (NCLH) Q4 performance is likely to have benefited from improved booking trends, relaxation in COVID-related protocols and fleet expansion efforts.
Viatris (VTRS) reports in-line Q4 earnings but misses on sales. The company is now looking to reshape its business after selling its biosimilars portfolio.