NA Polypropylene Compounds Market - Industry Trends and Forecast to 2030
North America polypropylene compounds market is expected to reach USD 5,592,571.19 thousand by 2030 from USD 3,970,209.09 thousand in 2022, growing at a CAGR of 4.5% 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 (U.S., Canada, Mexico) - Industry Trends and Forecast to 2030
Overview of North America Polypropylene Compounds Market Dynamics
Driver• 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 North America 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 NORTH AMERICA CORP
• LG Chem
• Repsol
• INEOS
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