The global polypropylene compounds market is analyzed across segments such as end-use industry, product type, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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According to the report published by Allied Market Research, the global polypropylene compounds market was estimated at $16.2 billion in 2021 and is expected to hit $29.7 billion by 2031, registering a CAGR of 6.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
Based on region, the polypropylene compounds market across Asia-Pacific generated more than two-fifths of the global market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The same region would also manifest the fastest CAGR of 6.7% during the forecast period. The other provinces analyzed in the report include Europe, North America, and LAMEA.
Based on end-use industry, the automotive segment held more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The others segment, however, would manifest the fastest CAGR of 7.5% throughout the forecast period.
Based on product type, the mineral-filled segment held more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The glass reinforced segment, on the other hand, would cite the fastest CAGR of 7.0% throughout the forecast period.
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The key market players analyzed in the global polypropylene compounds market report include LG Chem, Clariant AG, Solvay S.A., Exxon Mobil Corporation, SIBUR, Ineos Group, Dow Inc., Eastman Chemical Company, Avient Corporation, Hitemp Polymers Pvt. Ltd., Amcor plc, Sumitomo Chemical Co., Ltd., Borealis AG, LyondellBasell Industries Holdings B.V., BASF SE, Repsol, and RTP Company.
The report provides a detailed analysis of these key players in the global polypropylene compounds market. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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