Glass Filled Polypropylene Market Key Players Analysis and Growth Forecast by 2031

MARKET INTRODUCTION

Polypropylene with 30% chemically-coupled glass reinforcement possesses a 180% improvement in tensile strength over the non-reinforced polypropylene and has a 50% improvement over conventional glass-reinforced grades. Talc-filled polypropylenes further have improved rigidity, hardness, and heat resistance compared to the base resin. Glass fiber-reinforced polypropylene has also improved dimensional stability, resistance to warpage, rigidity and strength.

MARKET DYNAMICS

The glass-filled polypropylene market has witnessed significant growth owing to factors such as wider application in automotive, appliances, furniture, and others. In recent years, the automotive sector has principally focused on minimizing the carbon footprint by utilizing lightweight materials, adopting sustainable production techniques, and increasingly moving toward the production of electric as well as hybrid vehicles. This is further creating more demand for gas-filled polypropylene. In addition, structural & functional benefits offered by glass-filled polypropylene over other plastic alternatives are also expected to continue to drive sales. However, the price of glass-filled polypropylene tends to be significantly higher, and there are substitutes for this material available in the market, which may further impact the growth of the glass-filled polypropylene market. Nevertheless, with the steady growth in the chemical industry and automotive industry, there are opportunities for the key market players to invest in this market.

MARKET SCOPE

The "Global Glass Filled Polypropylene Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glass filled polypropylene market with detailed market segmentation by type, application, and geography. The global glass filled polypropylene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glass filled polypropylene market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global glass filled polypropylene market is segmented on the basis of type, and application. On the basis of type, the glass filled polypropylene market is segmented into long fiber and short fiber. The glass filled polypropylene market on the basis of the application is classified into automotive, appliances, furniture, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glass filled polypropylene market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glass filled polypropylene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the glass filled polypropylene market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glass filled polypropylene market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global glass filled polypropylene market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from glass filled polypropylene market are anticipated to lucrative growth opportunities in the future with the rising demand for glass filled polypropylene in the global market. Below mentioned is the list of few companies engaged in the glass filled polypropylene market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glass filled polypropylene market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Asahi Kasei Plastics North America
•   Avient Corporation
•   Borealis AG
•   Mitsui Chemicals Inc.
•   PolyPacific
•   Repsol S.A.
•   RTP Company
•   SABIC
•   The Plastics Group of America
•   Washington Penn Plastic Co. Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Glass Filled Polypropylene Report Scope