APAC Polypropylene Compounds Market - Industry Trends and Forecast to 2030
Asia-Pacific polypropylene compounds market is expected to reach USD 15,471,138.45 thousand by 2030 from USD 10,682,083.54 thousand in 2022, growing at a CAGR of 4.9% in the forecast period of 2023 to 2030
Market SegmentationAsia-Pacific Polypropylene Compounds Market, By Product (Mineral Filled Polypropylene, Compound TPOs/TPVs, Additive Concentrates, Glass Reinforced, and Others), Polymer Type (Homopolymers and Copolymers), Application (Fiber, Film & Sheet, Raffia, and Others), End-User (Automotive, Packaging, Building and Construction, Electrical and Electronics, Consumer Goods, Medical, Textile, and Others), Country (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Philippines, Taiwan, Singapore, Australia, New Zealand, Hong Kong, Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Polypropylene Compounds
Market DynamicsDriver• Growing demand from automotive industry.
• Increasing usage in consumer goods.
• Packaging industry expansion
Restrain• Fluctuation in the prices
• Competition from alternate materials.
Opportunity• Rise in demand from construction sector.
• Increase in partnerships for the growth of the construction sector in emerging countries
Market PlayersSome of the key players operating in the Asia-Pacific polypropylene compounds market are
• Mitsui Chemicals, Inc.
• Exxon Mobil Corporation
• SABIC
• Borealis AG
• Braskem
• China Petrochemical Corporation (SINOPEC)
• Celanese Corporation
• BASF SE
• Formosa Plastics Group
• LyondellBasell Industries Holdings B.V.
• Avient Corporation
• Reliance Industries Limited
• Sasol
• SCG Chemicals Public Company Limited
• Trinseo
• TotalEnergies
• GS ASIA-PACIFIC CORP
• LG Chem
• Repsol
• INEOS
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