Europe Modified Polypropylene Market Size & Outlook
Europe modified polypropylene market, 2017-2030 (US$M)
Europe modified polypropylene market highlights
- The Europe modified polypropylene market generated a revenue of USD 7,362.8 million in 2020.
- The market is expected to grow at a CAGR of 4.1% from 2021 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2020.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2020 | USD 7,362.8 million |
| Market revenue in 2030 | USD 11,043.3 million |
| Growth rate | 4.1% (CAGR from 2020 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Medical |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Building & Construction, Packaging, Medical, Electrical & Electronics |
| Key market players worldwide | LG Chem, SABIC, LyondellBasell Industries NV Class A, Kingfa Technology, PetroChina Co Ltd Class H, PolyPacific, Arkema SA, Covestro AG, China XD |
Other key industry trends
- In terms of revenue, Europe region accounted for 21.6% of the global modified polypropylene market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 29,136.5 million by 2030.
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Modified Polypropylene Market Scope
Modified Polypropylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe modified polypropylene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to modified polypropylene market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 64.18% in 2020. Horizon Databook has segmented the Europe modified polypropylene market based on automotive, building & construction, packaging, medical, electrical & electronics covering the revenue growth of each sub-segment from 2017 to 2030.
The rising demand for lightweight electric and hybrid vehicles, along with the presence of major automotive manufacturers, including AUDI AG, BMW AG, Mercedes-Benz AG, Volkswagen, Volvo Car Corporation, and Porsche AG in the region, is projected to drive the expansion of the automotive industry.
According to the Switzerland Global Enterprise, the government of Romania announced an investment of USD 330.65 million for the modernization of 14 hospitals and construction of 8 new regional hospitals, research centers, and other facilities.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe modified polypropylene market, including forecasts for subscribers. This continent databook contains high-level insights into Europe modified polypropylene market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe modified polypropylene market
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Europe modified polypropylene market
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