Lucintel’s latest market report analyzed that polypropylene compound provides attractive opportunities in the automotive, appliances, consumer electronics, industrial, and packaging industries. The polypropylene compound market is expected to reach $12.7 billion by 2025 with a CAGR of 2.3%. In this market, homo polymer is the largest segment by polymer type, whereas automotive is largest by end use industry. The development of eco-friendly polypropylene compounds provides strategic growth path in this market.
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Based on polymer type, the polypropylene compound market is segmented into homo polymers, random copolymers, and impact copolymers. The homo polymers segment accounted for the largest share of the market in 2020 due to low cost and high temperature resistance properties.
Browse in-depth TOC on “Polypropylene Compound Market”
136 – Tables
168 – Figures
221 – Pages
The polypropylene compound market is marked by the presence of several big and small players. Some of the prominent players offering polypropylene compound include LyondellBasell, Mitsui Chemicals, Borealis, Spartech, Washington Penn, Kingfa, Sparsh Polychem, Ravago, Sumitomo Chemical, and SABIC and others and others.
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