Global Scratch Resistant Polypropylene (PP) Compound Market Research Report 2022

Increasing usage of engineering plastics to comply with stringent legislations is likely to foster the market demand. Stringent regulatory norms, such as directives from the European Union and EPA to cut down carbon emission has triggered the need to reduce gross vehicular weight.
Market Analysis and Insights: Global Scratch Resistant Polypropylene (PP) Compound Market
Due to the COVID-19 pandemic, the global Scratch Resistant Polypropylene (PP) Compound market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Propene accounting for % of the Scratch Resistant Polypropylene (PP) Compound global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automobiles segment is altered to an % CAGR throughout this forecast period.
The auto sector is expected to emerge as the largest consumer of PP compounds and accounted for 55.3% of the market demand in 2018. Polypropylene compounds, owing to their excellent impact and scratch-resistance properties have been widely used in automobile interior applications. Even though the scenario is quite upbeat, volatile crude oil prices that might impede the PP compound growth. PP prices are directly dependent upon crude oil prices, as it is one of the key raw materials.
Global Scratch Resistant Polypropylene (PP) Compound Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Scratch Resistant Polypropylene (PP) Compound Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Propene
Ppropylene
Segment by Application
Automobiles
Packaging
Construction
Infrastructure
By Company
BASF
Borealis
Evonik Industries
Advanced Composites
LyondellBasell
Mitsui Chemicals
SABIC
Sinopec
Sumitomo Chemical
Tipco Industries
Trinseo
RTP
Schulman
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina