Canada Polypropylene Compounds Market Size & Outlook
Canada polypropylene compounds market, 2018-2030 (US$M)
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Canada polypropylene compounds market highlights
- The Canada polypropylene compounds market generated a revenue of USD 1,958.9 million in 2023 and is expected to reach USD 3,316.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, mineral filled pp compounds was the largest revenue generating product in 2023.
- Mineral Filled PP Compounds is the most lucrative product segment registering the fastest growth during the forecast period.
Polypropylene compounds market data book summary
| Market revenue in 2023 | USD 1,958.9 million |
| Market revenue in 2030 | USD 3,316.9 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Mineral filled pp compounds |
| Fastest growing segment | Mineral Filled PP Compounds |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Fiber Reinforced, Talc Filled |
| Key market players worldwide | Mitsui Chemicals Inc, IRPC PCL ADR, Exxon Mobil Corp, Avient Corp, Tokuyama Corp, SABIC, Trinseo PLC, Sumitomo Chemical Co Ltd, Washington Penn, LyondellBasell Industries NV Class A |
Other key industry trends
- In terms of revenue, Canada accounted for 8.4% of the global polypropylene compounds market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polypropylene compounds market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,529.8 million by 2030.
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Polypropylene Compounds Market Scope
Polypropylene Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada polypropylene compounds 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 polypropylene compounds market will help companies and investors design strategic landscapes.
Mineral filled pp compounds was the largest segment with a revenue share of 31.05% in 2023. Horizon Databook has segmented the Canada polypropylene compounds market based on mineral filled pp compounds, compounded tpo, compounded tpv, glass fiber reinforced, talc filled covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive industry is the largest end-use segment for polypropylene compounds in the region. Automotive industry in Canada is likely to account for a significant demand for plastic compounding owing to rising demand for new vehicles, mainly among the aging baby boom population in Canada.
In addition, Canada significantly contributes to the demand for plastic compounds owing to its growing construction industry mainly in residential sector. For instance, in November 2023, the Canadian Government announced plans to convert six federal properties into 2,800 new homes.
Factors such as increasing government investments in public & renewable energy infrastructure coupled with changing consumer buying behavior are expected to fuel the growth of the construction industry in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada polypropylene compounds market , including forecasts for subscribers. This country databook contains high-level insights into Canada polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada polypropylene compounds market size, by product, 2018-2030 (US$M)
Canada Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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