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1382529

全球聚丙烯化合物市場 - 2023-2030

Global Polypropylene Compounds Market - 2023-2030

出版日期: 2023年11月17日 | 出版商:

DataM Intelligence | 英文 212 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

全球聚丙烯化合物市場在2022年達到237億美元，預計2030年將達到435億美元，2023-2030年預測期間CAGR為8.0%。

熱塑性樹脂（稱為聚丙烯化合物）是將一種或多種基礎聚烯烴與顏料、添加劑、填料和增強材料等各種材料混合而製成的。消費性電子產業不斷成長的需求一直推動著市場的擴張。

然而，全球冠狀病毒的爆發和原料波動可能會阻礙所研究市場的成長。未來五年，聚丙烯化合物市場可能將因環保聚丙烯化合物的研發而經歷重大成長機會。

截至2021年，汽車產業的滲透率最高，在預測期內，該細分市場佔有率預計將達到39.3%。 PP 化合物價格低廉，具有優異的成型性和機械品質，因此在製造汽車零件（如門飾、保險桿儀表板和儀表板）方面有很大的需求。美國擁有多家主要汽車製造商和汽車零件生產商，是世界上最大的汽車市場之一。該地區對聚丙烯的需求源於其在汽車製造中的使用，以提高燃油效率。

動力學

消費性電子產業的需求不斷成長

平板電腦、筆記型電腦和手機等消費性電子產品的組件需要堅固且輕巧。由於其高抗衝擊性和輕質特性，聚丙烯化合物廣泛用於生產電子設備外殼、蓋子和結構件。由聚丙烯製成的化合物可以客製化以滿足特定的設計規格。因此，這些化合物的靈活性使電子設備生產商可以輕鬆設計複雜且美觀的產品，而無需犧牲功能。

消費性電子產業以其快速的技術進步和動態的消費模式而脫穎而出。隨著電子設備變得更小、更輕、功能更豐富，對聚丙烯化合物等能夠滿足這些不斷變化的需求的材料的需求也在成長。此外，智慧家電（例如聲控助理和恆溫器）的日益普及，正在推動對用於生產外殼和其他零件的聚丙烯化合物的需求增加。

汽車應用產品不斷推出

聚丙烯化合物市場受到汽車產業對輕量、經濟且環保材料的需求的顯著影響。隨著汽車產業的變化以滿足不斷變化的消費者偏好和監管標準，預計聚丙烯化合物在各種車輛零件中的使用將會增加。因此，為了支持這些化合物不斷成長的需求，公司正在大力投資以提高 PP 產量和產品推出，從而推動市場成長。

例如，住友化學在中國江蘇省無錫市設立了珠海住化高分子化合物有限公司無錫分公司，作為新的聚丙烯（PP）化合物生產設施，以擴大其汽車材料業務。除了已在昌都市投入營運的生產設施外，無錫工廠計劃於 2021 年初投產。

此外，2022 年8 月31 日，全球領先的化學工業公司SABIC 推出了兩種新型短玻璃纖維增強聚丙烯(PP) 化合物：SABIC PP 化合物G3430X 和SABIC PP 化合物G3440X 牌號，為要求苛刻的產品提供改進的加工和性能。汽車內部、外部和引擎蓋下的應用。

原料成本波動來源

聚丙烯化合物所用原料（例如增強材料、添加劑、填料和聚丙烯樹脂）頻繁且不可預測的價格波動帶來了市場的不確定性。由於製造商和供應商無法預測和控制其生產成本，定價和利潤率可能會受到影響。

自然災害、供需失衡、世界經濟變化和地緣政治事件都會影響原物料價格。這種不可預測性可能會導致價格意外大幅上漲，從而提高聚丙烯化合物的生產成本，從而阻礙該產品的市場成長。

Overview

Global Polypropylene Compounds Market reached US$ 23.7 billion in 2022 and is expected to reach US$ 43.5 billion by 2030, growing with a CAGR of 8.0% during the forecast period 2023-2030.

Thermoplastic resins known as polypropylene compounds are created by mixing one or more base polyolefins with various materials like pigments, additives, fillers and reinforcements. The consumer electronics industry's increasing demand has been fueling the market's expansion.

The global coronavirus outbreak and raw material fluctuations, however, are probably going to impede the growth of the market under study. Over the next five years, the market for polypropylene compounds is probably going to experience significant growth opportunities from research and development of environmentally friendly polypropylene compounds.

As of 2021, the automotive industry had the highest penetration rate and during the forecast period, the segmental share is expected to reach up to 39.3%. PP compounds are inexpensive and have excellent moldability and mechanical qualities therefore are in demand for the manufacturing of auto parts such as door trims, bumper facias and instrument panels. With several major automakers and automobile parts producers, U.S. is among the largest automotive markets in the world. The region's need for polypropylene is fueled by its use in automobile manufacturing to improve fuel efficiency.

Dynamics

Rising Demand from the Consumer Electronic Sector

Components for consumer electronics like tablets, laptops and cell phones need to be solid but lightweight. Because of their high impact resistance and lightweight nature, polypropylene compounds are widely used in the production of electronic device casings, covers and structural parts. Compounds made of polypropylene can be customized to satisfy particular design specifications. Thus the flexibility of these compounds has made it easy for the producers of electronic devices to design complex and aesthetically beautiful products without sacrificing functionality.

The consumer electronics industry stands out for its fast technological progress and dynamic consumer patterns. The need for materials like polypropylene compounds that can satisfy these changing needs is growing as electronic devices get smaller, lighter and more feature-rich. Furthermore, the increasing popularity of smart home appliances, such as voice-activated assistants and thermostats, is driving up demand for polypropylene compounds used in the production of casings and other parts.

Rising Product Launch for Automotive Application

The market for polypropylene compounds is significantly influenced by the automotive sector's demand for materials that are lightweight, affordable and environmentally friendly. The use of polypropylene compounds in various vehicle components is anticipated to increase as the automotive industry changes to meet shifting consumer preferences and regulatory standards. Thus to support the growing demand of these compounds companies are heavily investing in boosting PP production and product launch leading to drive the market growth.

For instance, In Wuxi, Jiangsu Province, China, Sumitomo Chemical established the Zhuhai Sumika Polymer Compounds Co., Ltd. Wuxi branch as a new polypropylene (PP) compound production facility to expand its automotive materials business. In addition to the production facility that is already operational in Changdu City, the Wuxi Plant is scheduled to start up in early 2021.

Furthermore, On August 31, 2022, the Leading global player in the chemical industry SABIC introduced two new short-glass fiber-reinforced polypropylene (PP) compounds, SABIC PP compound G3430X and SABIC PP compound G3440X grades, providing improved processing and performance for demanding automotive interior, exterior and under-hood applications.

Fluctuation in Raw Material Cost Source

Uncertainty in the market is brought by frequent and unpredictable price fluctuations for the raw materials used in PP compounds, such as reinforcements, additives, fillers and polypropylene resin. Pricing and profit margins may suffer as a result of manufacturers' and suppliers' inability to predict and control their production costs.

Natural disasters, imbalances in supply and demand, changes in the world economy and geopolitical events can all affect the price of raw materials. The unpredictability may cause unexpectedly large price increases, which would raise the cost of producing PP compounds leading to hampering the product's market growth.

Segment Analysis

The global polypropylene compounds market is segmented based on product, application, end-user and region.

Mineral-filled PP Compounds Improved Mechanical Properties with Low-density

Mineral filled PP compounds in polypropylene compounds are a growing market based on product and are expected to cover more than 27.9% market share in 2022. Mineral-filled polypropylene (PP) compounds are a type of thermoplastic material that is improved in terms of properties and performance by mixing mineral fillers with polypropylene resin. The compounds are widely used in various industries due to their improved mechanical, thermal and electrical properties.

Mineral-filled PP compounds have improved mechanical properties but still have a low density. The makes it possible for components to be lighter and more fuel-efficient, which is particularly advantageous in applications related to cars and transportation. The most common uses for mineral filled PP compounds are in consoles, panels, knee bolsters and other interior components of cars and home appliances. Furthermore, because compounded TPVs are more resistant to temperature and oil, their use in under-the-hood automotive applications has increased significantly. Minerals are also added to the polypropylene compounds to increase rigidity and heat distortion.

Geographical Penetration

Asia-Pacific's Dominant Consumer Electronics and Automotive Sectors

Due to strong demand from the consumer electronics and automotive sectors, especially in developing nations like China and India, Asia-Pacific market is anticipated to grow at the fastest rate covering more than 49.1% in the forecast period.

Major international automakers have made investments in the region due to the region's easy access to raw materials, advanced infrastructure and inexpensive, skilled labor force. Therefore, it is anticipated that each of these factors will propel the polypropylene compound market in the Asia-Pacific area.

The electronics market in the area is likewise expanding steadily. Furthermore, since businesses in the area are actively investing in the electronics sector, demand is probably going to keep rising and the region's use of polypropylene will grow.

COVID-19 Impact Analysis

During the pandemic, consumer spending dropped and economic uncertainties made a wide range of products-including those containing PP compounds-less popular. The demand for products from industries like consumer goods, construction and automotive declined, which had an impact on the demand for PP compounds.

Price volatility in the raw materials market, particularly for propylene, a crucial component of polypropylene compounds, was brought on by the pandemic. Price fluctuations for raw materials affected the PP compounds' cost structure.

Consumer preferences and behavior were impacted by the pandemic. For example, there was a rise in demand for medical supplies and personal protective equipment (PPE), both of which contain PP compounds. But demand declined in other sectors, such as construction and the automotive sector.

Russia-Ukraine War Impact Analysis

Propylene is a crucial component of polypropylene (PP) compounds and price volatility for raw materials is caused by geopolitical instability. Price fluctuations for raw materials have an impact on the industry's profitability and cost structure.

Trade restrictions, sanctions or interruptions in the flow of goods are all possible outcomes of geopolitical tensions. The import and export of PP compounds and related goods have been hampered by these disruptions.

Economic uncertainty brought on by geopolitical conflicts can undermine consumer and company confidence. Uncertainty in the economy could result in a decline in the demand for many different products, including ones that contain PP compounds.

By Product

Mineral-filled PP Compounds
Glass Fiber Reinforced
Compounded TPO
Compounded TPV
Talc Filled
Others

By Application

Fiber
Film & sheet
Raffia
Others

By End-User

Automotive
Building & Construction
Electrical & Electronics
Textile
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

On August 31, 2022, the Leading global player in the chemical industry SABIC introduced two new short-glass fiber-reinforced polypropylene (PP) compounds, SABIC PP compound G3430X and SABIC PP compound G3440X grades, providing improved processing and performance for demanding automotive interior, exterior and under-hood applications.
On June 27, 2022, Repsol's compounding plant, Polidux, in Monzon, Huesca, opened a new production line. The new line will enable nearly a 30% increase in the production of fiberglass-reinforced polypropylene (PP) compounds, which are highly specialized and high-value materials in high demand in technical sectors.
By November 2023, With over 80 years of experience, MOL Group, a pioneer in the European petrochemical sector, is introducing its range of polypropylene compounds enhanced with recycled polymer matrices. By providing eco-friendly solutions without sacrificing quality, this product group hopes to benefit the industry.

Competitive Landscape

major global players in the market include: Borealis AG, Mitsui Chemical, Inc., IRPC Public Company Limited, Exxon Mobil Corporation, Avient Corporation, Japan Polypropylene Corporation, SABIC, Trinseo S.A., Sumitomo Chemical Co., Ltd. and Washington Penn.

Why Purchase the Report?

To visualize the global polypropylene compounds market segmentation based on product, application, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of polypropylene compounds market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global polypropylene compounds market report would provide approximately 61 tables, 63 figures and 212 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Product
3.2. Snippet by Application
3.3. Snippet by End-User
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Rising Demand from the Consumer Electronic Sector
  - 4.1.1.2. Rising Product Launch for Automotive Application
- 4.1.2. Restraints
  - 4.1.2.1. Fluctuation in Raw Material Cost Source
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Product

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2. Market Attractiveness Index, By Product
7.2. Mineral-filled PP Compounds*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Glass Fiber Reinforced
7.4. Compounded TPO
7.5. Compounded TPV
7.6. Talc Filled
7.7. Others

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Fiber*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Film & sheet
8.4. Raffia
8.5. Others

9. By End-User

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2. Market Attractiveness Index, By End-User
9.2. Automotive*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Building & Construction
9.4. Electrical & Electronics
9.5. Textile
9.6. Others

10. By Region

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1. U.S.
  - 10.2.6.2. Canada
  - 10.2.6.3. Mexico
10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1. Germany
  - 10.3.6.2. UK
  - 10.3.6.3. France
  - 10.3.6.4. Russia
  - 10.3.6.5. Spain
  - 10.3.6.6. Rest of Europe
10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1. Brazil
  - 10.4.6.2. Argentina
  - 10.4.6.3. Rest of South America
10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1. China
  - 10.5.6.2. India
  - 10.5.6.3. Japan
  - 10.5.6.4. Australia
  - 10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11. Competitive Landscape

11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis

12. Company Profiles

12.1. Borealis AG*
- 12.1.1. Company Overview
- 12.1.2. Type Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
12.2. Mitsui Chemical, Inc.
12.3. IRPC Public Company Limited
12.4. Exxon Mobil Corporation
12.5. Avient Corporation
12.6. Japan Polypropylene Corporation
12.7. SABIC
12.8. Trinseo S.A.
12.9. Sumitomo Chemical Co., Ltd.
12.10. Washington Penn

LIST NOT EXHAUSTIVE