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The Impact of COVID-19 is included in Polypropylene Resin Composites Industry. Buy it today to get an advantage.

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Polypropylene Resin in the Global Composites Industry Trends and Forecast

According to a new market report published by Lucintel, the future of the polypropylene resin in the global composites material market looks promising with opportunities in the transportation, consumer goods, and electrical & electronics industry. The polypropylene resin in the global composites industry is expected to reach an estimated $979.8 million by 2028 with a CAGR of 5.3% from 2022 to 2028. The major driver for the growth of this market is increasing use of lightweight materials and the performance benefits of reinforced polypropylene composites over metals and pure plastics.

  • Lucintel forecasts that transportation will remain the largest end use segment and also expected to witness highest growth over the forecast period due to increasing demand for lightweight vehicles in the Asian region.
  • SFT by product will remain the largest segment over the forecast period due to its excellent properties like; heat resistance, higher strength, conductivity, and flame retardant are the qualities driving innovation for automotive applications.
  • North America is expected to remain the largest region over the forecast period due to increasing use of polypropylene resin consumption in various applications. APAC & ROW are expected to witness highest growth over the forecat period.