According to a new report, published by KBV research, The Global Polypropylene Compounds Market size is expected to reach $37.0 billion by 2030, rising at a market growth of 7.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 8,329.7 Kilo Tonnes, experiencing a growth of 5.6% (2019-2022).
The increasing adoption of lightweight solutions in the automotive and construction sectors and expanding applications in packaging, consumer goods, and healthcare will fuel demand for polypropylene compounds. Collaboration, regulatory compliance, and market consolidation will shape the competitive landscape, paving the way for continued growth and market leadership in the dynamic polypropylene compounds market.
The talc filled segment is experiencing a CAGR of 7.7% during (2023 - 2030). Talc filler helps minimize dimensional changes and deformation in polypropylene compounds, improving dimensional stability and precision in molded or extruded parts. This is particularly important in applications requiring tight tolerances and consistent dimensions, such as automotive body panels, electrical enclosures, and structural components.
The Film & Sheet segment is leading the Global Polypropylene Compounds Market by Application in 2022; thereby, achieving a market value of $11.4 billion by 2030. Polypropylene film and sheet are extensively used in packaging applications due to their excellent mechanical properties, barrier properties, and versatility. They are used for packaging food products, beverages, pharmaceuticals, cosmetics, and industrial goods. Polypropylene film and sheet offer moisture resistance, puncture resistance, clarity, and printability, making them ideal for flexible packaging solutions.
The Building & Construction segment is registering a CAGR of 7.8% during (2023 - 2030). The growth of the building and construction industry stimulates the need for materials, including polypropylene compounds, which find extensive use in various construction contexts. Polypropylene compounds are used extensively in construction due to their lightweight durability, corrosion resistance, and ease of installation.
Full Report: https://www.kbvresearch.com/polypropylene-compounds-market/
The Asia Pacific region dominated the Global Polypropylene Compounds Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.9 billion by 2030. The North America region is poised to grow a CAGR of 6.8% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 7.2% during (2023 - 2030).
By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
By End-use (Volume, kilo Tonnes, USD Billion, 2019-2030)
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