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PP Compound Market for Automotive Industry - A Global and Regional Analysis

Focus on Product, Application, and Countries - Analysis and Forecast, 2021-2031

 
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The PP compound market for automotive industry is expected to grow at a CAGR of 5.6% during the forecast period from 2021 to 2031.

Trends influencing the growth of the PP compound market for automotive industry include PP compound application for lightweight electric vehicles (EVs), fuel efficient vehicles, and carbon emission.

Factors driving the growth of the market include regulatory push to increase the adoption of lightweight materials, increasing demand for long fiber polypropylene compound, increasing demand for pp compounds in automotive interiors, and demand for materials that require negligible paint processing.

Products covered under the PP compound market for automotive industry includes thermoplastic polyolefins (TPO) and thermoplastic vulcanizate (TPV), mineral filled, glass reinforced, and additive concentrate.

LyondellBasell Industries Holdings B.V., Mitsui Chemicals Inc., Kingfa Technology, Borealis AG, Washington Penn Plastic Co. Inc., Sumitomo Chemical Co., Ltd., Japan Polypropylene Corporation, Saudi Basic Industries Corporation (SABIC), Avient Corporation, Hexpol AB (RheTech), Ravago, Hyundai Engineering Plastics, APPL Industries Limited, Rialti S.p.A

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