Industry Statistics

PP Compound Market: Supply, Production, Demand Analysis By Polymer Type: Impact Copolymer, Homo Copolymer, Random Copolymer; Demand Analysis By End Use: Automotive, Appliances, Consumer Electronics, Packaging, Industrial, Others; Regional Analysis; Supply Demand Gap By Region; Competitive Landscape; 2024-2032

Name: PP Compound Market Outlook, Supply, Demand Analysis | 2032
Creator: Claight Corporation - Expert Market Research
License: https://www.expertmarketresearch.com/privacy-policy
Keywords: PP Compound Market

PP Compound Market

PP compound is a material made by mixing polypropylene resin with additives, fillers, and reinforcements to improve its strength, rigidity, impact resistance, and thermal stability. These compounds are tailored for various applications and are widely used in the automotive, consumer goods, electrical and electronics, and packaging industries due to their versatility and cost-effectiveness.

Global Supply/Demand Outlook

The global PP compound market stood at a volume of around 8,324 KT in the year 2023. The market is estimated to grow at a CAGR of 4.0% between 2024 and 2032 to reach a volume of about 11,942.5 KT by 2032. The key factors propelling the PP compound market are increasing automotive production and growing electrical and electronics and consumer electronics sector. The automotive industry is a major consumer of PP compounds and is anticipated to remain the largest market in the forecast period. This growth is driven by rising automotive production and the increasing demand for lightweight, durable materials, prompted by stringent government regulations aimed at enhancing fuel efficiency and reducing greenhouse gas emissions.

The global capacity of PP compound was about 9,615 KT in the year 2023. Asia Pacific holds the major share of PP compound capacities, representing more than 55% of the global production capacity. North America and Europe follow closely behind, together accounting around 35% of the capacity. The plant capacity utilization of PP compound has been increasing continuously post COVID-19. In 2023, the plant utilization increased to 85% from 80% in 2022 due to high demand in Asia Pacific region and rising price level.

Key Market Players

LyondellBasell is the world's leading producer of PP compounds and in 2016, the company had completed the acquisition of A. Schulman, Inc to more than double its compounding business during that time. Currently, LyondellBasell has around 30 compounding facilities across the globe. The company holds approximately 14% of the global PP compound capacity. It is followed by Mitsui Chemicals and Kinga, with each of them holding nearly 12% of the overall market share.

Other major manufacturers of PP compound are Borealis AG, Mitsubishi Corporation, Washington Penn, Sumitomo Chemical, GS Caltex, Exxon Mobil, SABIC, Ravago, and IRPC. Combined, these companies represent around 60% of the global capacity.

Key Questions Answered in the Report:

What are the high-growth opportunities and markets for PP compound by end use and region?

What are the major polymer types of PP compound available by region?

Which segments and regions are projected to grow at a faster pace and why in the PP compound market?

What is the nameplate capacity of PP compound by region from 2018 to 2032?

How does the plant capacity utilisation of PP compound vary by region between 2018 and 2032?

Who are the major players in the PP compound market by capacity and region?

What major plant shutdowns and expansions have occurred in the PP compound market in the last year and the last quarter?

What major plant shutdowns and expansions are planned in the PP compound market over the next year and quarters?

How did export and import dynamics of PP compound vary by region in terms of value between 2018 and 2023?

How did export and import dynamics of PP compound vary by region in terms of volume between 2018 and 2023?

What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of PP compound?

What are the environmental considerations and regulatory impacts affecting the PP compound market?

What technological innovations are having an impact on the production and application of PP compound?

What are the key trends and innovations in the PP compound market?

What are the challenges and opportunities faced by PP compound manufacturers?

What are the potential risks and barriers to entry for new players in the PP compound market?

What strategic investments and expansions have major players made in the PP compound market?

How are geopolitical factors and international trade policies affecting the global PP compound market?

What are the price trends for PP compound, and how are they expected to change?

How does the supply chain of PP compound operate, and what are its key components?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Key Assumptions
4   Global PP Compound Market Analysis, In Volume (Thousand Tonnes)
   4.1   Global PP Compound Historical Market (2018-2023)
   4.2   Global PP Compound Market Forecast (2024-2032)
   4.3   Global PP Compound Market Supply Analysis, By Polymer Type
       4.3.1   Impact Copolymer
           4.3.1.1   Company Wise Name Plate Capacity (2018-2032)
       4.3.2   Homo Copolymer
           4.3.2.1   Company Wise Name Plate Capacity (2018-2032)
       4.3.3   Random Copolymer
           4.3.3.1   Company Wise Name Plate Capacity (2018-2032)
   4.4   Global PP Compound Market Production Analysis, By Polymer Type
       4.4.1   Impact Copolymer
           4.4.1.1   Production (2018-2032)
       4.4.2   Homo Copolymer
           4.4.2.1   Production 2018-2032)
       4.4.3   Random Copolymer
           4.4.3.1   Production (2018-2032)
   4.5   Global PP Compound Market Demand Analysis, By Polymer Type
       4.5.1   Impact Copolymer
           4.5.1.1   Demand Analysis and Forecast (2018-2032)
       4.5.2   Homo Copolymer
           4.5.2.1   Demand Analysis and Forecast (2018-2032)
       4.5.3   Random Copolymer
           4.5.3.1   Demand Analysis and Forecast (2018-2032)
   4.6   Global PP Compound Market Demand Analysis, by End Use
       4.6.1   Automotive
           4.6.1.1   Demand Analysis and Forecast (2018-2032)
       4.6.2   Appliances
           4.6.2.1   Demand Analysis and Forecast (2018-2032)
       4.6.3   Consumer Electronics
           4.6.3.1   Demand Analysis and Forecast (2018-2032)
       4.6.4   Packaging
           4.6.4.1   Demand Analysis and Forecast (2018-2032)
       4.6.5   Industrial
           4.6.5.1   Demand Analysis and Forecast (2018-2032)
       4.6.6   Others
   4.7   Global PP Compound Market by Region
       4.7.1   North America
           4.7.1.1   Demand Analysis and Forecast (2018-2032)
           4.7.1.2   Market by Polymer Type (2018-2032)
           4.7.1.3   Market by End Use (2018-2032)
       4.7.2   Europe
           4.7.2.1   Demand Analysis and Forecast (2018-2032)
           4.7.2.2   Market by Polymer Type (2018-2032)
           4.7.2.3   Market by End Use (2018-2032)
       4.7.3   Asia Pacific
           4.7.3.1   Demand Analysis and Forecast (2018-2032)
           4.7.3.2   Market by Polymer Type (2018-2032)
           4.7.3.3   Market by End Use (2018-2032)
       4.7.4   Latin America
           4.7.4.1   Demand Analysis and Forecast (2018-2032)
           4.7.4.2   Market by Polymer Type (2018-2032)
           4.7.4.3   Market by End Use (2018-2032)
       4.7.5   Middle East and Africa
           4.7.5.1   Demand Analysis and Forecast (2018-2032)
           4.7.5.2   Market by Polymer Type (2018-2032)
           4.7.5.3   Market by End Use (2018-2032)
   4.8   Global PP Compound Supply Demand Gap, By Region
       4.8.1   North America
           4.8.1.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.2   Europe
           4.8.2.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.3   Asia Pacific
           4.8.3.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.4   Latin America
           4.8.4.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.5   Middle East and Africa
           4.8.5.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
5   North America PP Compound Market Analysis
   5.1   United States of America
       5.1.1   Demand Analysis and Forecast (2018-2032)
       5.1.2   Demand Supply Gap
   5.2   Canada
       5.2.1   Demand Analysis and Forecast (2018-2032)
       5.2.2   Demand Supply Gap
6   Europe PP Compound Market Analysis
   6.1   Germany
       6.1.1   Demand Analysis and Forecast (2018-2032)
       6.1.2   Demand Supply Gap
   6.2   UK
       6.2.1   Demand Analysis and Forecast (2018-2032)
       6.2.2   Demand Supply Gap
   6.3   France
       6.3.1   Demand Analysis and Forecast (2018-2032)
       6.3.2   Demand Supply Gap
   6.4   Italy
       6.4.1   Demand Analysis and Forecast (2018-2032)
       6.4.2   Demand Supply Gap
   6.5   Spain
       6.5.1   Demand Analysis and Forecast (2018-2032)
       6.5.2   Demand Supply Gap
   6.6   Others
7   Asia Pacific PP Compound Market Analysis
   7.1   China
       7.1.1   Demand Analysis and Forecast (2018-2032)
       7.1.2   Demand Supply Gap
   7.2   Japan
       7.2.1   Demand Analysis and Forecast (2018-2032)
       7.2.2   Demand Supply Gap
   7.3   India
       7.3.1   Demand Analysis and Forecast (2018-2032)
       7.3.2   Demand Supply Gap
   7.4   South Korea
       7.4.1   Demand Analysis and Forecast (2018-2032)
       7.4.2   Demand Supply Gap
   7.5   ASEAN
       7.5.1   Demand Analysis and Forecast (2018-2032)
       7.5.2   Demand Supply Gap
   7.6   Australia
       7.6.1   Demand Analysis and Forecast (2018-2032)
       7.6.2   Demand Supply Gap
   7.7   Others
8   Latin America PP Compound Market Analysis
   8.1   Brazil
       8.1.1   Demand Analysis and Forecast (2018-2032)
       8.1.2   Demand Supply Gap
   8.2   Argentina
       8.2.1   Demand Analysis and Forecast (2018-2032)
       8.2.2   Demand Supply Gap
   8.3   Mexico
       8.3.1   Demand Analysis and Forecast (2018-2032)
       8.3.2   Demand Supply Gap
   8.4   Others
9   Middle East and Africa PP Compound Market Analysis
   9.1   Saudi Arabia
       9.1.1   Demand Analysis and Forecast (2018-2032)
       9.1.2   Demand Supply Gap
   9.2   United Arab Emirates
       9.2.1   Demand Analysis and Forecast (2018-2032)
       9.2.2   Demand Supply Gap
   9.3   Nigeria
       9.3.1   Demand Analysis and Forecast (2018-2032)
       9.3.2   Demand Supply Gap
   9.4   South Africa
       9.4.1   Demand Analysis and Forecast (2018-2032)
       9.4.2   Demand Supply Gap
   9.5   Others
10   Growth Opportunities and Strategic Analysis
   10.1   Supply Chain Analysis and Its Component
   10.2   Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in the Last One Year and the Last one Quarter
   10.3   Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in Next One Year and the Next one
   10.4   Impact Analysis in Price and Demand after Force Majeure Events, and Plant Closures
   10.5   Environmental Considerations and Government Regulations
   10.6   Technology Innovation and Its Impact on Production and Application
   10.7   Challenges and Opportunities Faced by Existing Manufacturers
   10.8   Potential Risks and Barriers to Entry for New Players
11   Competitive Landscape
   11.1   Market Structure
   11.2   Company Profiles
       11.2.1   LyondellBasell Industries N.V.
           11.2.1.1   Company Overview
           11.2.1.2   Product Portfolio and Major Grades
           11.2.1.3   Capacity by Location
           11.2.1.4   Expansion Plan
           11.2.1.5   Major Consumers
           11.2.1.6   Revenue from POI
           11.2.1.7   Technological Innovation and Sustainability
       11.2.2   Mitsui Chemicals Inc.
           11.2.2.1   Company Overview
           11.2.2.2   Product Portfolio and Major Grades
           11.2.2.3   Capacity by Location
           11.2.2.4   Expansion Plan
           11.2.2.5   Major Consumers
           11.2.2.6   Revenue from POI
           11.2.2.7   Technological Innovation and Sustainability
       11.2.3   Kingfa Science & Technology Co., Ltd.
           11.2.3.1   Company Overview
           11.2.3.2   Product Portfolio and Major Grades
           11.2.3.3   Capacity by Location
           11.2.3.4   Expansion Plan
           11.2.3.5   Major Consumers
           11.2.3.6   Revenue from POI
           11.2.3.7   Technological Innovation and Sustainability
       11.2.4   Mitsubishi Corporation
           11.2.4.1   Company Overview
           11.2.4.2   Product Portfolio and Major Grades
           11.2.4.3   Capacity by Location
           11.2.4.4   Expansion Plan
           11.2.4.5   Major Consumers
           11.2.4.6   Revenue from POI
           11.2.4.7   Technological Innovation and Sustainability
       11.2.5   Borealis AG
           11.2.5.1   Company Overview
           11.2.5.2   Product Portfolio and Major Grades
           11.2.5.3   Capacity by Location
           11.2.5.4   Expansion Plan
           11.2.5.5   Major Consumers
           11.2.5.6   Revenue from POI
           11.2.5.7   Technological Innovation and Sustainability
       11.2.6   Washington Penn Inc.
           11.2.6.1   Company Overview
           11.2.6.2   Product Portfolio and Major Grades
           11.2.6.3   Capacity by Location
           11.2.6.4   Expansion Plan
           11.2.6.5   Major Consumers
           11.2.6.6   Revenue from POI
           11.2.6.7   Technological Innovation and Sustainability
       11.2.7   Sumitomo Chemical Co., Ltd.
           11.2.7.1   Company Overview
           11.2.7.2   Product Portfolio and Major Grades
           11.2.7.3   Capacity by Location
           11.2.7.4   Expansion Plan
           11.2.7.5   Major Consumers
           11.2.7.6   Revenue from POI
           11.2.7.7   Technological Innovation and Sustainability
       11.2.8   GS Caltex Corporation
           11.2.8.1   Company Overview
           11.2.8.2   Product Portfolio and Major Grades
           11.2.8.3   Capacity by Location
           11.2.8.4   Expansion Plan
           11.2.8.5   Major Consumers
           11.2.8.6   Revenue from POI
           11.2.8.7   Technological Innovation and Sustainability
       11.2.9   Ravago
           11.2.9.1   Company Overview
           11.2.9.2   Product Portfolio and Major Grades
           11.2.9.3   Capacity by Location
           11.2.9.4   Expansion Plan
           11.2.9.5   Major Consumers
           11.2.9.6   Revenue from POI
           11.2.9.7   Technological Innovation and Sustainability
       11.2.10   ExxonMobil Corporation
           11.2.10.1   Company Overview
           11.2.10.2   Product Portfolio and Major Grades
           11.2.10.3   Capacity by Location
           11.2.10.4   Expansion Plan
           11.2.10.5   Major Consumers
           11.2.10.6   Revenue from POI
           11.2.10.7   Technological Innovation and Sustainability
       11.2.11   SABIC
           11.2.11.1   Company Overview
           11.2.11.2   Product Portfolio and Major Grades
           11.2.11.3   Capacity by Location
           11.2.11.4   Expansion Plan
           11.2.11.5   Major Consumers
           11.2.11.6   Revenue from POI
           11.2.11.7   Technological Innovation and Sustainability
       11.2.12   IRPC PCL
           11.2.12.1   Company Overview
           11.2.12.2   Product Portfolio and Major Grades
           11.2.12.3   Capacity by Location
           11.2.12.4   Expansion Plan
           11.2.12.5   Major Consumers
           11.2.12.6   Revenue from POI
           11.2.12.7   Technological Innovation and Sustainability
       11.2.13   Lapo Compound
           11.2.13.1   Company Overview
           11.2.13.2   Product Portfolio and Major Grades
           11.2.13.3   Capacity by Location
           11.2.13.4   Expansion Plan
           11.2.13.5   Major Consumers
           11.2.13.6   Revenue from POI
           11.2.13.7   Technological Innovation and Sustainability
       11.2.14   MOL Group
           11.2.14.1   Company Overview
           11.2.14.2   Product Portfolio and Major Grades
           11.2.14.3   Capacity by Location
           11.2.14.4   Expansion Plan
           11.2.14.5   Major Consumers
           11.2.14.6   Revenue from POI
           11.2.14.7   Technological Innovation and Sustainability
       11.2.15   Repsol S.A.
           11.2.15.1   Company Overview
           11.2.15.2   Product Portfolio and Major Grades
           11.2.15.3   Capacity by Location
           11.2.15.4   Expansion Plan
           11.2.15.5   Major Consumers
           11.2.15.6   Revenue from POI
           11.2.15.7   Technological Innovation and Sustainability
       11.2.16   Tasnee
           11.2.16.1   Company Overview
           11.2.16.2   Product Portfolio and Major Grades
           11.2.16.3   Capacity by Location
           11.2.16.4   Expansion Plan
           11.2.16.5   Major Consumers
           11.2.16.6   Revenue from POI
           11.2.16.7   Technological Innovation and Sustainability
12   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global PP Compound Market: Key Industry Highlights, 2018 and 2032
2.   Global PP Compound Market Supply Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
3.   Global PP Compound Market Production Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
4.   Global PP Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
5.   Global PP Compound Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
6.   Global PP Compound Market Demand Analysis: Breakup by Region (Thousand Tonnes), 2018-2032
7.   Global PP Compound Market Supply Demand Gap: Breakup by Region (Thousand Tonnes), 2018-2032
8.   North America PP Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
9.   North America PP Compound Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
10.   North America PP Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
11.   North America PP Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
12.   Europe PP Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
13.   Europe PP Compound Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
14.   Europe PP Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
15.   Europe PP Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
16.   Asia Pacific PP Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
17.   Asia Pacific PP Compound Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
18.   Asia Pacific PP Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
19.   Asia Pacific PP Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
20.   Latin America PP Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
21.   Latin America PP Compound Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
22.   Latin America PP Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
23.   Latin America PP Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
24.   Middle East and Africa PP Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
25.   Middle East and Africa PP Compound Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
26.   Middle East and Africa PP Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
27.   Middle East and Africa PP Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
28.   Global PP Compound Market Structure

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