Polypropylene Compounds Market Analysis, Trends and Forecast, 2025

The global Polypropylene Compounds Market size is expected to reach USD 28.24 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 7.6% over the forecast period. Increasing requirement for flame retardancy, heat resistance, and improved serviceability of plastics in electrical and electronics industry is expected to be the primary driver for polypropylene (PP) compounds market growth. In addition, regulations in western markets, such as European Union (EU) and U.S., aimed at vehicular weight reduction can further fuel demand for PP compounds in automotive industry.

Mineral filled PP compounds is expected to be a dominant product segment over the forecast period owing to superior properties, such as higher heat distortion and rigidity. The most widely used minerals in PP compounds include talc, glass beads, mica, silica, and calcium.

Low cost production in China has led to a surge in new polymer production which is driving the PP compounds market to oversupply. Furthermore, population expanse, rapid industrialization, and increase in consumer disposable income are some of the key socio-economic factors supporting regional market growth.

The global PP compounds market is the second largest polymer business in the world, which contributes more than 25% of the global polymer demand. Basic raw materials required for producing chemicals include feedstock, such as crude oil, natural gas, and other sources. Numerous market players have begun manufacturing raw materials on their own, to combat supply-demand imbalances and to meet the uncertainty of crude oil prices.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/polypropylene-pp-compounds-market

Further key findings from the report suggest:

• Compounded TPV is projected to emerge as the fastest growing product segment and is expected to register a CAGR of 6.4% between 2018 and 2025
• Mineral filled PP compounds segment is projected to continue to be the largest product segment over the forecast period
• Asia Pacific accounted for 45.9% of overall PP compounds market in 2017 and is projected to experience significant growth over the next eight years owing to rapid expansion, especially in China, India, and South East Asia
• Key players operating in the PP compounds market include LyondellBasell, ExxonMobil, PolyOne Corporation, Advanced Composites, Solvay SA, and Sumitomo Chemicals.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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