The latest market intelligence report, titled ‘Global Polypropylene (PP) Compound market drivers and restraints Market’, is intended to provide the target audience with the necessary information about the global Polypropylene (PP) Compound market drivers and restraints industry. The report comprises a detailed analysis of the vital elements of the Polypropylene (PP) Compound market drivers and restraints market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
The global Polypropylene Compound market size reached USD 17.59 Billion in 2020 and is expected to register a revenue CAGR of 7.6% during the forecast period, according to latest analysis by Emergen Research. Rising demand for long-fiber PP compound and increasing adoption of lightweight materials are some of the major factors driving global PP compound market revenue growth. Revenue growth of the market is also expected to be driven by increasing demand for PP compound due to rapid growth of end-use industries such as automotive, electronics, textile, and construction.
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The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Polypropylene Compound market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
Key Players Profiled in the Report are:
LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), Mitsui Chemicals, Inc., Avient Corporation, Ravago Holdings America, Inc., Washington Penn Plastic Co., Inc., Kingfa Science Technology Co., Ltd., Sumitomo Shoji Chemical Co., Ltd., PP-Plus Corporation, and HEXPOL AB (RheTech)
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Polypropylene Compound market expected to boost the growth of the industry in the coming years.
Polypropylene Compound Market Segmentation:
Product Outlook (Revenue, USD Billion; Volume KT; 2018–2028)
- Mineral Filled
- Compounded TPO
- Compounded TPV
- Glass Reinforced
- Others
Polymer Type Outlook (Revenue, USD Billion; Volume KT; 2018–2028)
- Homo Polymers
- Random Copolymers
- Impact Copolymers
End Use Outlook (Revenue, USD Billion; Volume KT; 2018–2028)
- Automotive
- Building Construction
- Electrical Electronics
- Textiles
- Others
Key Questions Answered in the Report:
What is the growth rate of the Polypropylene Compound market? What is the anticipated market valuation of Polypropylene Compound industry by 2027?
What are the key growth driving and restraining factors of the Polypropylene Compound market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Polypropylene Compound industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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