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The future of the global polypropylene (PP) compound market is promising with opportunities in the automotive, appliances, consumer electronics, industrial, and packaging industries. The global polypropylene compound market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $12.7 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major drivers for this market are growth in demand for light weight vehicles, and increasing demand for PP compound in appliances and consumer electronics industries.
An emerging trend, which has a direct impact on the dynamics of the polypropylene compound industry, include development of eco-friendly polypropylene compounds.
A total of 168 figures / charts and 136 tables are provided in this 221 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this polypropylene compound market report, download the report brochure.
In this market, automotive is the largest application, whereas mineral filled is largest in polymer type. Growth in various segments of the PP compound market are given below:
PP Compound Market by Segments