Polypropylene Compounds Market Size, analysis and Forecast 2028

Polypropylene Compounds Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Reinforced, and Others) and End User (Automotive, Electricals and Electronics, Packaging, Building and Construction, Textiles, and Others)

Publication Month : Oct 2021

  • Report Code : TIPRE00016556
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 135
Inquire Before Buy

PRICING

$4550

$2730

[Research Report] The polypropylene compounds market is projected to reach US$ 25,864.00 million by 2028 from US$ 17,977.40 million in 2021; it is expected to grow at a CAGR of 5.3% from 2021 to 2028.

Polypropylene, a thermoplastic polymer, is used in a variety of applications. It is basically produced through chain-growth polymerization derived from the monomer propylene. Polypropylene compounds are basically thermoplastic resins that are produced by a mixture of one or more polyolefins base along with various components such as strengtheners, fillers, impact modifiers, additives, and pigment. These compounds offer many features and are used in a variety of applications.


In 2020, Asia Pacific held the largest revenue share of the polypropylene compounds market. The Asia Pacific region provides significant growth opportunities for the polypropylene compounds market. China is a major contributor to the market in this region. There is increasing use of polypropylene compounds in the automotive sector. Moreover, the packaging industry in Asia Pacific is growing rapidly; it has become an important part of the manufacturing industry in the region. The growth of the Asia Pacific polypropylene compounds market is primarily attributed to the expansion of the construction, automotive, electrical, and electronics industries in countries such as China, India, and South Korea.  Additionally, the players operating in the polypropylene compounds market in the region continue to expand their production capacities and develop of high-performance polypropylene compounds to be able to cater the market in a better way.



Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Polypropylene Compounds Market: Strategic Insights

polypropylene-compounds-market
Market Size Value inUS$ 17,977.40 million in 2021
Market Size Value byUS$ 25,864.00 million by 2028
Growth rateCAGR of 5.3% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
Analyst Image

Shejal

Have a question?

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Impact of COVID-19 Pandemic on Polypropylene Compounds Market

The COVID-19 pandemic has adversely affected the plastics industry, along with the related markets.The implementation of measures to combat the spread of SARS-CoV-2 has impacted the growth of several industrial sectors. Industries such as automotive and electronics have been impacted by the sudden disruptions in operational efficiencies and value chains due to the lockdown of national and international boundaries. However, economies are striving to revive their operations. The food packaging industry is generating significant demand for polypropylene compounds owing to the consumers’ inclination towards ordering food online. Moreover, the previously postponed construction projects are ready to resume, which would further provide an opportunities for the growth of the polypropylene compounds market players. The companies operating in the market are bouncing back due to the resolution of supply constraints. The elevating demand for polypropylene compounds in industries such as packaging, automotive, building and construction, electrical and electronics, is expected to drive the polypropylene compounds market growth in the coming years. 

Polypropylene Compounds Market Breakdown – by Region

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities


Market Insights

Increasing Demand from Building and Construction, Textile, Electrical and Electronics, and Automotive Industries Fuels Polypropylene Compounds Market Growth

The polypropylene compounds market is mainly driven by the increasing demand for these products from the building and construction, textiles, electrical and electronics, and automobile industries, among others. In the automotive industry, polypropylene is popularly being used as an alternative to engineering plastics and metals. High strength, rigidity, and purity make these compounds an ideal option in the manufacturing of piping systems. Applications of polypropylene in the building and construction industry include siding, air and moisture barrier membranes, carpet textiles, building insulation wrap films and sheets, industrial adhesives and tapes, and plastic parts.

Material Insights

Based on type, the polypropylene compounds market is segmented into mineral filled PP compounds, compounded TPO, compounded TPV, glass reinforced, and others. The mineral filled PP compounds segment held the largest share of the market in 2020. Calcium carbonate, talc, and mica, among others, added in mineral-filled PP compounds deliver a low-cost filler option in case of price sensitivity. The mineral filled compounds exhibit improved  dimensional stability, stiffness, etc., compared unfilled resins. Mineral-filled polypropylene provides high mechanical stiffness, thermal stability, good low-temperature properties, and good dimensional stability over a wide temperature range

Polypropylene Compounds Market, by Type– 2020 and 2028

Polypropylene Compounds Market, by Type– 2020 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

End User Insights

Based on end user, the global polypropylene compounds market is divided into automotive, electricals and electronics, packaging, building and construction, textiles, and others. The automotive segment held the largest share of the polypropylene compounds market in 2020. Being a thermoplastic polymer, polypropylene compounds can easily be formed into nearly any shape. Furthermore, they are being used as an economic alternative to any expensive plastics of similar strength and durability, which further helps lower the cost of manufacturing.

A few of the key market players in the global polypropylene compounds market include LyondellBasell Industries Holdings B.V.; Exxon Mobil Corporation; Sumitomo Chemical Co., Ltd; Borealis AG; Rialti S.p.A.; Trinseo; and Total. The market players are highly focused on developing innovative and high-quality products.

Report Spotlights

  • Progressive trends in the polypropylene compounds industry to help companies develop effective long-term strategies
  • Business growth strategies adopted by the polypropylene compounds market players in developed and developing markets
  • Quantitative analysis of the market from 2019 to 2028
  • Estimation of global demand for polypropylene compounds
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Trends, drivers, and restraints for the polypropylene compounds market, and market outlook
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the polypropylene compounds market size at various nodes
  • Detailed overview and segmentation of the market, and the polypropylene compounds industry dynamics
  • Size of the polypropylene compounds market in various regions with promising growth opportunities

Global Polypropylene Compounds Market

By Type

  • Mineral Filled PP Compounds
  • Compounded TPO
  • Compounded TPV
  • Glass Reinforced
  • Others

By End User

  • Automotive
  • Electricals and Electronics
  • Packaging
  • Building and Construction
  • Textiles
  • Others

Company Profiles

  • LyondellBasell Industries Holdings B.V.
  • Exxon Mobil Corporation
  • Sumitomo Chemical Co., Ltd
  • Borealis AG
  • Rialti S.p.A.
  • Trinseo
  • SABIC
  • Total
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, India, Japan, Mexico, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United States

Frequently Asked Questions


Can you list some of the major players operating in the Global Polypropylene Compounds Market?

The major players operating in the global polypropylene compounds market are are LyondellBasell Industries Holdings B.V.; Exxon Mobil Corporation; SABIC; Sumitomo Chemical Co., Ltd.; Borealis AG; Total; Trinseo; and Rialti S.p.A among many others.

What is the scope of polypropylene compounds in the global market?

Polypropylene compounds are basically thermoplastic resins that are produced by a mixture of one or more polyolefin base along with various components such as strengtheners, fillers, impact modifiers, additives, and pigments.
Based, on type, the polypropylene compounds market is segmented into mineral filled PP compounds, compounded TPO, compounded TPV, glass reinforced, and others. Based on end-user, automotive, electrical and electronics, packaging, building and construction, textiles, and others.

Based on type, what is the prospect of the glass reinforced segment?

Glass-reinforced polypropylene is copolymer polypropylene with 20% glass filled. This polypropylene compound has improved dimensional stability, rigidity, warpage resistance, and strength. It can be applied in automotive interior, center consoles, load floors, door modules, and instrument panels. They are also used in underhood automotive applications and is expected to witness considerable growth over the forecast period, owing to the demand from the automotive sector.

Based on end-user, what was the largest segment of the global polypropylene compounds market?

Automotive segment accounted for the largest share of the polypropylene compounds market in 2020. Polypropylene compounds is widely used as they can easily be molded into any desired shape. It is also being used as an economical alternative to any expensive plastics of similar strength and durability, which further helps lower the cost of manufacturing.

What was the largest geographic region for the global polypropylene compounds market in 2020?

Asia Pacific region accounted for a significant share of the global polypropylene compounds market in 2020. The market is projected to witness remarkable growth in the near future due to the demand from the automotive manufacturing sector in the region. Moreover, the players operating in the Asia Pacific polypropylene compounds market focuses on expanding production capacities, and research and development of high-performance polypropylene compounds to address rapidly growing needs demand in the region.

What is the forecast outlook of mineral filled PP compounds segment in the polypropylene compounds market?

Mineral filled PP compounds are one of the widely used types of polypropylene compounds. The mineral filled compounds deliver improvements over unfilled resins, in terms of dimensional stability, stiffness, and others. Mineral-filled polypropylene provides high mechanical stiffness, thermal stability, good low-temperature properties, and good dimensional stability over a wide temperature range. Mineral filled compounds may also be used in high volume, low-cost applications, including appliances, automotive, and packaging.

The List of Companies - Polypropylene Compounds Market

  1. LyondellBasell Industries Holdings B.V.
  2. Exxon Mobil Corporation
  3. Sumitomo Chemical Co., Ltd
  4. Borealis AG
  5. Rialti S.p.A.
  6. Trinseo
  7. SABIC
  8. Total

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Polypropylene Compounds Market