Europe Polypropylene Compounds Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and End User

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The Europe polypropylene compounds market was valued at US$ 2,928.947 Million in 2020 and is projected to reach US$ 4,179.15 Million by 2028; it is expected to grow at a CAGR of 4.7% 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.

Based on end user, the Europe polypropylene compounds market is segmented into automotive,

electricals and electronics, packaging, building and construction, and textiles. The automotive segment led the Europe polypropylene compounds market with the highest market share in 2020. Polypropylene compound is highly utilized in automotive manufacturing industries. Being a thermoplastic polymer, polypropylene compounds can easily be formed into nearly any shape. Furthermore, it is being used as an economical alternative to any expensive plastics of similar strength and durability, which further helps lower the cost of manufacturing. Polypropylene compounds are being used in exterior automotive parts such as bumpers, mirrors, wheel covers, front grilles, cladding, roof trim, and integrated and painted rocker panels owing to their low thermal expansion, high stiffness, and good scratch resistance, combined with high impact resistance.

Geographically, the Europe polypropylene compounds market is segmented into Germany, France, Italy, Spain, United Kingdom, Austria, Switzerland, Sweden, Norway, Denmark, Finland, and Rest of Europe. In 2020, Germany holds the largest share in the market. Germany is an attractive market for polypropylene compounds owing to the significant presence of food packaging industries; consumer goods industries; and automotive, electrical, and other industries. Germany is a leader in terms of polymer production and consumption. Polypropylene is considered an essential part of all end-use industries these days. Polypropylene is highly being employed in the manufacturing of interior parts as well as instrument panel dashboards for automotive vehicles. The material has replaced engineering plastics as well as metals, mainly in automotive parts, as it ensures significant weight reduction along with cost savings. Further, new product launch, business expansion, merger, and other strategies by different companies are supporting the in the polypropylene compounds market growth in Germany. In September 2019, LyondellBasell opened its fifth production line at a polypropylene compounding plant in Knapsack, Germany, and the facility can produce 25 kt/yr. The capacity of this facility is covering 200 kt/yr, making the site is one of the largest polypropylene compounding facilities in the world. 12 new jobs were created with the opening of the new line. Lightweight polypropylene materials created by LyondellBasell are utilized in applications such as automobiles and electrical appliances.

The ongoing COVID-19 pandemic has drastically altered the status of the plastic industry and has negatively impacted the growth of the polypropylene compounds market. The outbreak has interrupted the operational efficiency and created agitation in value chains owing to the sudden shutdown of national as well as international boundaries. The disrupted value chains have been hampering raw material supply, which, in turn, is impacting the growth of the polypropylene compounds market in Europe. However, economies in Europe are planning to revive their operations, which is likely to boost the demand for polypropylene compounds in the coming quarters. The food packaging industry is a dynamically growing contributor to this demand since consumers are inclined toward ordering food products online. Moreover, the previously postponed construction projects are presumed to resume, which would further provide an opportunity for the polypropylene compounds market players to regain normalcy. Since most of the people are confined to their homes amid the pandemic, re-designing and home improvement projects are expected to increase. Moreover, the automotive segment is likely to bring growth opportunities for the market as polypropylene compounds are highly used in interior and exterior parts of cars. The corporate sectors have resumed their operations with the imposition of several safety measures such as ensuring limited direct contact with visitors, strengthening and communicating proper hygiene practices, conducting complete sanitations, and eliminating personnel contact during shift changes. Further, the pace of the COVID-19 vaccination campaigns in Europe has picked up, and the infection rates are falling in some countries. Lockdowns are slowly being eased to host tourists amid the upcoming summer vacation season. In June 2021, 27 member states in the region further aim to offer a digital vaccination certificate to those who has taken vaccine for uninterrupted travelling by July.

LyondellBasell Industries Holdings B.V.; Total; Sumitomo Chemical Co., Ltd.; Exxon Mobil Corporation; SABIC; Borealis AG; Trinseo; Axia Plastics; and FKuR Polymers GmbHare among the major players operating in the Europe polypropylene compounds market.

The overall Europe polypropylene compounds market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe polypropylene compounds market.

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Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Europe polypropylene compounds market, thereby allowing players to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Product Code: TIPRE00023338

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection
- 3.2.2 Primary Interviews
- 3.2.3 Hypothesis Formulation
- 3.2.4 Macro-economic Factor Analysis
- 3.2.5 Developing Base Number
- 3.2.6 Data Triangulation
- 3.2.7 Country Level Data

4. Europe Polypropylene Compounds Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 Europe
- 4.2.2 Expert Opinion

5. Europe Polypropylene Compounds Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Demand from Industries such as Building and Construction, Textiles, Electrical and Electronics, and Automobile
- 5.1.2 Wide Use of Mineral-Filled Polypropylene Compounds
5.2 Market Restraints
- 5.2.1 Volatility in Raw Material Prices and Negative Effect of COVID-19 Pandemic
5.3 Market Opportunities
- 5.3.1 Growing Scope of Applications in Packaging Industry
5.4 Future Trends
- 5.4.1 Development of Eco-Friendly Polypropylene Compounds
5.5 Impact Analysis of Drivers and Restraints

6. Europe Polypropylene Compounds- Country Market Analysis

6.1 Europe Polypropylene Compounds Market -Revenue and Forecast To 2028 (US$ Million)
6.2 Competitive Positioning - Key Market Players

7. Europe Polypropylene Compounds Market Analysis - By Type

7.1 Overview
7.2 Polypropylene Compounds Market, by Type (2020 and 2028)
7.3 Mineral Filled Polypropylene Compounds
- 7.3.1 Overview
- 7.3.2 Mineral Filled Polypropylene Compound: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Compounded TPOs
- 7.4.1 Overview
- 7.4.2 Compounded TPO: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Compounded TPV
- 7.5.1 Overview
- 7.5.2 Compounded TPV: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Glass Reinforced
- 7.6.1 Overview
- 7.6.2 Glass Reinforced: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)

8. Polypropylene Compounds Market Analysis - By End-Use

8.1 Overview
8.2 Polypropylene Compounds Market, by End-Use (2020 and 2028)
8.3 Automotive
- 8.3.1 Overview
- 8.3.2 Automotive: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Electricals and Electronics
- 8.4.1 Overview
- 8.4.2 Electricals and Electronics: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Packaging
- 8.5.1 Overview
- 8.5.2 Packaging: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Building and Construction
- 8.6.1 Overview
- 8.6.2 Building and Construction: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Textile
- 8.7.1 Overview
- 8.7.2 Textile: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)

9. Europe Polypropylene Compounds Market - Country Analysis

9.1 Europe: Polypropylene Compounds Market
- 9.1.1 Europe: Polypropylene Compounds Market -Revenue and Forecast to 2028(US$ Million)
- 9.1.2 Europe: Polypropylene Compounds Market, Type
- 9.1.3 Europe: Polypropylene Compounds Market, End-Use
- 9.1.4 Europe: Polypropylene Compounds Market, by Key Country
  - 9.1.4.1 Germany: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.1.1 Germany: Polypropylene Compounds Market, Type
    - 9.1.4.1.2 Germany: Polypropylene Compounds Market, End-User
  - 9.1.4.2 France: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.2.1 France: Polypropylene Compounds Market, Type
    - 9.1.4.2.2 France: Polypropylene Compounds Market, End-User
  - 9.1.4.3 Italy: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.3.1 Italy: Polypropylene Compounds Market, Type
    - 9.1.4.3.2 Italy: Polypropylene Compounds Market, End-User
  - 9.1.4.4 UK: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.4.1 UK: Polypropylene Compounds Market, Type
    - 9.1.4.4.2 UK: Polypropylene Compounds Market, End-Use
  - 9.1.4.5 Spain: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.5.1 Spain: Polypropylene Compounds Market, Type
    - 9.1.4.5.2 Spain: Polypropylene Compounds Market, End-Use
  - 9.1.4.6 Austria: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.6.1 Austria: Polypropylene Compounds Market, Type
    - 9.1.4.6.2 Austria: Polypropylene Compounds Market, End-Use
  - 9.1.4.7 Switzerland: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.7.1 Switzerland: Polypropylene Compounds Market, Type
    - 9.1.4.7.2 Switzerland: Polypropylene Compounds Market, End-Use
  - 9.1.4.8 Sweden: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.8.1 Sweden: Polypropylene Compounds Market, Type
    - 9.1.4.8.2 Sweden: Polypropylene Compounds Market, End-Use
  - 9.1.4.9 Norway: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.9.1 Norway: Polypropylene Compounds Market, Type
    - 9.1.4.9.2 Norway: Polypropylene Compounds Market, End-Use
  - 9.1.4.10 Denmark: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.10.1 Denmark: Polypropylene Compounds Market, Type
    - 9.1.4.10.2 Denmark: Polypropylene Compounds Market, End-Use
  - 9.1.4.11 Finland: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.11.1 Finland: Polypropylene Compounds Market, Type
    - 9.1.4.11.2 Finland: Polypropylene Compounds Market, End-Use
  - 9.1.4.12 Rest of Europe: Polypropylene compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.12.1 Rest of Europe: Polypropylene Compounds Market, Type
    - 9.1.4.12.2 Rest of Europe: Polypropylene Compounds Market, End-Use

10. Overview- Impact of Coronavirus Outbreak

10.1 Overview
10.2 Impact of COVID-19 on Polypropylene Compounds Market
10.3 Europe: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Product Launch
11.2 Product News
11.3 Market Initiatives

12. Company Profiles

12.1 LyondellBasell Industries Holdings B.V.
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 EXXON MOBIL CORPORATION
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 SABIC
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Sumitomo Chemical Co., Ltd.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Borealis AG
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Total
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Trinseo
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Rialti S.p.A.
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Word Index