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

List of Tables

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 produced through chain-growth polymerization of propylene monomers. Polypropylene compounds are thermoplastic resins manufactured through the mixture of one or more polyolefins base, and they are added with various components such as strengtheners, fillers, impact modifiers, additives, and pigments for various applications.

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.

The global polypropylene compounds market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). 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.

A few of the key players in the polypropylene compounds market are LyondellBasell Industries Holdings B.V.; Exxon Mobil Corporation; Sumitomo Chemical Co., Ltd; Borealis AG; Rialti S.p.A.; Trinseo; and Total.

The size of overall global polypropylene compounds market has been derived using both primary and secondary source. 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 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 polypropylene compounds market.

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

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

Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.

Scrutinizes in-depth market trends as well as key market drivers and restraints.

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

Product Code: TIPRE00016556

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. Global Polypropylene Compounds Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis

5. 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

6. Polypropylene Compounds - Global Market Analysis

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

7. Polypropylene Compounds Market Analysis - By Type

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

8. Polypropylene Compounds Market Analysis - By End User

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

9. Polypropylene Compounds Market - Geographic Analysis

9.1 Overview
9.2 North America: Polypropylene Compounds Market
- 9.2.1 North America: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Polypropylene Compounds Market, by Type
- 9.2.3 North America: Polypropylene Compounds Market, by End User
- 9.2.4 North America: Polypropylene Compounds Market, by Key Country
  - 9.2.4.1 US: Polypropylene Compounds Market-Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.1.1 US: Polypropylene Compounds Market, by Type
    - 9.2.4.1.2 US: Polypropylene Compounds Market, by End User
  - 9.2.4.2 Canada: Polypropylene Compounds Market-Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.2.1 Canada: Polypropylene Compounds Market, by Type
    - 9.2.4.2.2 Canada: Polypropylene Compounds Market, by End User
  - 9.2.4.3 Mexico: Polypropylene Compounds Market-Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.3.1 Mexico: Polypropylene Compounds Market, by Type
    - 9.2.4.3.2 Mexico: Polypropylene Compounds Market, by End User
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-User
- 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-User
  - 9.1.4.5 Russia: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.5.1 Russia: Polypropylene Compounds Market, Type
    - 9.1.4.5.2 Russia: Polypropylene Compounds Market, End-User
  - 9.1.4.6 Rest of Europe: Polypropylene compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.4.6.1 Rest of Europe: Polypropylene Compounds Market, Type
    - 9.1.4.6.2 Rest of Europe: Polypropylene Compounds Market, End-User
9.2 Asia Pacific: Polypropylene Compounds Market
- 9.2.1 Asia Pacific: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 Asia Pacific: Polypropylene Compounds Market, by Type
- 9.2.3 Asia Pacific: Polypropylene Compounds Market, by End User
- 9.2.4 Asia Pacific: Polypropylene Compounds Market, by Key Country
  - 9.2.4.1 Australia: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.1.1 Australia: Polypropylene Compounds Market, by Type
    - 9.2.4.1.2 Australia: Polypropylene Compounds Market, by End User
  - 9.2.4.2 China: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.2.1 China: Polypropylene Compounds Market, by Type
    - 9.2.4.2.2 China: Polypropylene Compounds Market, by End User
  - 9.2.4.3 India: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.3.1 India: Polypropylene Compounds Market, by Type
    - 9.2.4.3.2 India: Polypropylene Compounds Market, by End User
  - 9.2.4.4 Japan: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.4.1 Japan: Polypropylene Compounds Market, by Type
    - 9.2.4.4.2 Japan: Polypropylene Compounds Market, by End User
  - 9.2.4.5 South Korea: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.5.1 South Korea: Polypropylene Compounds Market, by Type
    - 9.2.4.5.2 South Korea: Polypropylene Compounds Market, by End User
  - 9.2.4.6 Rest of Asia Pacific: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.6.1 Rest of Asia Pacific: Polypropylene Compounds Market, by Type
    - 9.2.4.6.2 Rest of Asia Pacific: Polypropylene Compounds Market, by End User
9.3 Middle East and Africa: Polypropylene Compounds Market
- 9.3.2 Middle East and Africa: Polypropylene Compounds Market, by Type
9.4 South and Central America: Polypropylene Compounds Market

10. Industry Landscape

10.1 Product Launch
10.2 Product News
10.3 Market Initiatives

11. Company Profiles

11.1 LyondellBasell Industries Holdings B.V.
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 EXXON MOBIL CORPORATION
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 SABIC
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Sumitomo Chemical Co., Ltd.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Borealis AG
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Total
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Trinseo
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 Rialti S.p.A.
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary