North America Polypropylene Compounds Market Size, Share & Trends Analysis Report By Product, By Application, By End-use (Automotive, Building & Construction, Textile, Electrical & Electronics, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Polypropylene Compounds Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,109.1 Kilo Tonnes, showcasing a growth of 5.0% (2019-2022).
The future of the market is anticipated to experience substantial expansion and invention in the coming years, propelled by sustainability challenges, technological progress, and shifting industry requirements. As industries prioritize environmental stewardship, bio-based compounds derived from renewable sources and recycled materials are expected to gain traction, offering sustainable alternatives to traditional fossil fuel-based compounds. Advanced additive technologies and digitalization will enhance product performance, customization capabilities, and production efficiency, driving market competitiveness and innovation.
Additionally, 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 these compounds. Collaboration, regulatory compliance, and market consolidation will shape the competitive landscape, paving the way for continued growth and market leadership in the dynamic market.
Mexico’s rising electric vehicle sector is expected to impact the demand for these compounds significantly. As the EV sector expands, there will be an increased demand for lightweight materials, technological advancements, supply chain integration, and environmentally friendly solutions, all of which drive the adoption of these compounds in electric vehicle manufacturing processes. As per the International Trade Administration (ITA), the sales of EVs and hybrid vehicles in Mexico totaled 51,065 units in 2022; this represented a growth of 8.5 percent compared to 2021. Hybrid vehicles represent 3.75 percent of the total EV sector, followed by EVs (0.51%) and plug-in hybrid vehicles (0.42 %). Therefore, the expanding automotive sector of the region is propelling the market’s growth.
The US market dominated the North America Polypropylene Compounds Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,454.4 million by 2030. The Canada market is experiencing a CAGR of 9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2023 - 2030).
Based on Product, the market is segmented into Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Fiber Reinforced, Talc Filled, and Others. Based on Application, the market is segmented into Film & Sheet, Fiber, Raffia, and Others. Based on End-use, the market is segmented into Automotive, Building & Construction, Textile, Electrical & Electronics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Mitsui Chemicals, Inc.
- Exxon Mobil Corporation
- SABIC (Saudi Arabian Oil Company)
- Trinseo PLC
- Sumitomo Chemical Co., Ltd.
- Borealis AG (OMV)
- LyondellBasell Industries Holdings B.V.
- Avient Corporation
- Washington Penn (Audia Group)
- PTT Public Company Limited (IRPC Public Company Limited)
By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
- Mineral Filled PP Compounds
- Compounded TPO
- Compounded TPV
- Glass Fiber Reinforced
- Talc Filled
- Others
- Film & Sheet
- Fiber
- Raffia
- Others
- Automotive
- Building & Construction
- Textile
- Electrical & Electronics
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Polypropylene Compounds Market, by Product
- 1.4.2 North America Polypropylene Compounds Market, by Application
- 1.4.3 North America Polypropylene Compounds Market, by End-use
- 1.4.4 North America Polypropylene Compounds Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Strategies Deployed in Polypropylene Compounds Market
- Chapter 5. North America Polypropylene Compounds Market by Product
- 5.1 North America Mineral Filled PP Compounds Market by Country
- 5.2 North America Compounded TPO Market by Country
- 5.3 North America Compounded TPV Market by Country
- 5.4 North America Glass Fiber Reinforced Market by Country
- 5.5 North America Talc Filled Market by Country
- 5.6 North America Others Market by Country
- Chapter 6. North America Polypropylene Compounds Market by Application
- 6.1 North America Film & Sheet Market by Country
- 6.2 North America Fiber Market by Country
- 6.3 North America Raffia Market by Country
- 6.4 North America Others Market by Country
- Chapter 7. North America Polypropylene Compounds Market by End-use
- 7.1 North America Automotive Market by Country
- 7.2 North America Building & Construction Market by Country
- 7.3 North America Textile Market by Country
- 7.4 North America Electrical & Electronics Market by Country
- 7.5 North America Others Market by Country
- Chapter 8. North America Polypropylene Compounds Market by Country
- 8.1 US Polypropylene Compounds Market
- 8.1.1 US Polypropylene Compounds Market by Product
- 8.1.2 US Polypropylene Compounds Market by Application
- 8.1.3 US Polypropylene Compounds Market by End-use
- 8.2 Canada Polypropylene Compounds Market
- 8.2.1 Canada Polypropylene Compounds Market by Product
- 8.2.2 Canada Polypropylene Compounds Market by Application
- 8.2.3 Canada Polypropylene Compounds Market by End-use
- 8.3 Mexico Polypropylene Compounds Market
- 8.3.1 Mexico Polypropylene Compounds Market by Product
- 8.3.2 Mexico Polypropylene Compounds Market by Application
- 8.3.3 Mexico Polypropylene Compounds Market by End-use
- 8.4 Rest of North America Polypropylene Compounds Market
- 8.4.1 Rest of North America Polypropylene Compounds Market by Product
- 8.4.2 Rest of North America Polypropylene Compounds Market by Application
- 8.4.3 Rest of North America Polypropylene Compounds Market by End-use
- Chapter 9. Company Profiles
- 9.1 Mitsui Chemicals, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.5.3 Geographical Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Exxon Mobil Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Geographical Expansions:
- 9.2.6 SWOT Analysis
- 9.3 SABIC (Saudi Arabian Oil Company)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Recent strategies and developments:
- 9.3.4.1 Product Launches and Product Expansions:
- 9.3.5 SWOT Analysis
- 9.4 Trinseo PLC
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 Sumitomo Chemical Co., Ltd.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.5.5.2 Geographical Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Borealis AG (OMV)
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
- 9.7 LyondellBasell Industries Holdings B.V.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Avient Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 SWOT Analysis
- 9.9 Washington Penn (Audia Group)
- 9.9.1 Company Overview
- 9.9.2 SWOT Analysis
- 9.10. PTT Public Company Limited (IRPC Public Company Limited)
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 SWOT Analysis
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