Global $3.54 Bn Glass-Reinforced PP Compound Market: Key Analysis 2007-2017 & Forecasts 2018-2030
Jan 16, 2019, 06:30 ET
DUBLIN, Jan. 16, 2019 /PRNewswire/ --
The "Global Glass-Reinforced PP Compound Market for the Automotive Industry: Focus on Supply-Demand Scenario, Value Chain Analysis, Capacity Development, Material Competition, Application, and Sub-Applications - Analysis and Forecast, 2018-2030" report has been added to ResearchAndMarkets.com's offering.
Global Glass-Reinforced PP Compound Market is Anticipated to Reach $ 3.54 Billion by 2030. In terms of value, the global glass-reinforced PP compound market is expected to grow at a CAGR of 8.07% during the forecast period 2018-2030.
Engine and transmission dominated the glass-reinforced PP compound market in Asia-Pacific in 2017. The key factors driving the demand for glass-reinforced PP compound in the region are the use of glass-reinforced PP compounds for the engine and the transmission applications. However, low demand for luxury vehicles and the omission of parts, such as the air vent control in low-end cars, limits the glass-reinforced PP compound usage in exterior applications.
Asia-Pacific accounted for 41.30% of the total glass-reinforced PP compound market in 2017. The global automotive production is dominated by the Asia-Pacific region. The total production in the region occupied more than 50% of the global automotive production.
Countries such as China and India occupy a major share in the region's production which is largely dominated by small-passenger cars. Lack of buying capability and the lack of regulatory push restricts the use of plastics in the automobiles produced in the region. The growing GDP of developing economies and the rising consumer demand would provide ample opportunities for glass-reinforced PP compound market to grow in the region.
The glass-reinforced PP compound market is expected to grow significantly in the Europe region. The automotive industry in Europe is the largest consumer of plastics in each vehicle. The demand for glass-reinforced PP compound in the region is largely driven by the consumer preference for luxury interiors. Countries in the region also focus on weight reduction in order to comply with the stringent regulations. Government initiatives are a key to increase the adoption of plastics in the automotive industry in Europe.
Leading automotive OEMs produce and export vehicles from the region. The SUV segment in the region has focused on adding luxury to its interiors as well as exteriors. The segment has witnessed good growth in the region while also increasing the use of glass-reinforced in these vehicles.
Key Topics Covered:
Executive Summary
1 Report Scope & Methodology
1.1 Scope of the Report
1.2 Research Methodology
2 Market Dynamics
2.1 Market Drivers
2.2 Market Restraints
2.3 Market Opportunity
3 Industry Analysis
3.1 Supply-Demand Analysis
3.2 Value Chain Analysis
3.3 Policies & Regulations
3.4 Industry Attractiveness
3.5 Opportunity Matrix
4 PP Compound Market in the Automotive Industry (by Type)
4.1 PP Compound Market for Automotive Industry (by Glass-Reinforced)
4.2 Additive Concentrates for the PP Compound Market
5 Competitive Analysis of Polypropylene Compounds for the Automotive Industry
5.1 Polypropylene Compound vs. Virgin Polypropylene
5.2 Polypropylene Compound vs. Polystyrene
5.3 Polypropylene Compound vs. Styrene Acrylonitrile
5.4 Polypropylene Compound vs. Polycarbonate
5.5 Polypropylene Compound vs. Thermoplastic Polyurethane
6 PP Compound Market in the Automotive Industry (by Region)
7 Glass-Reinforced PP Compound Market in the Automotive Industry (by Region)
7.1 Glass-Reinforced PP Compound Market for Automotive Industry in Asia-Pacific
7.2 Glass-Reinforced PP Compound Market for Automotive Industry in Europe
7.3 Glass-Reinforced PP Compound Market for Automotive Industry in North America
7.4 Glass-Reinforced PP Compound Market for Automotive Industry in Middle East and Africa
7.5 Glass-Reinforced PP Compound Market for Automotive Industry in South America
8 Capacity Development
8.1 LyondellBasell Industries - Capacity Development (2007-2017) and Forecast (2018-2022)
8.2 Mitsui Chemicals, Inc. - Capacity Development (2007-2017) and Forecast (2018-2022)
8.3 Kingfa Sci & Tech Co Ltd - Capacity Development (2007-2017) and Forecast (2018-2022)
8.4 Washington Penn Plastic Co., Inc. - Capacity Development (2007-2017) and Forecast (2018-2022)
8.5 Sumitomo Chemical Co. Ltd. - Capacity Development (2007-2017) and Forecast (2018-2022)
8.6 Japan Polypropylene Corporation - Capacity Development (2007-2017) and Forecast (2018-2022)
9 Company Profiles
9.1 Market Share Analysis
9.2 Supplier Profiles
9.2.1 LyondellBasell Industries Holdings B.V.
9.2.2 Mitsui Chemicals, Inc.
9.2.3 Kingfa Sci. & Tech. Co., Ltd.
9.2.4 Borealis AG
9.2.5 Washington Penn Plastic Co., Inc.
9.2.6 Sumitomo Chemical Co., Ltd.
9.2.7 Japan Polypropylene Corporation
9.2.8 SAUDI BASIC INDUSTRIES CORPORATION
9.2.9 POLYONE CORPORATION
9.2.10 Ravago
9.3 Customer Profiles
9.3.1 Faurecia
9.3.2 Magna International Inc.
9.3.3 REHAU
9.3.4 Summit Plastic Molding, Inc.
9.3.5 Samvardhana Motherson Group
9.3.6 Yanfeng Automotive Interiors (YFAI)
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