China Polypropylene Compounds Market Size & Outlook
China polypropylene compounds market, 2018-2030 (US$M)
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China polypropylene compounds market highlights
- The China polypropylene compounds market generated a revenue of USD 3,208.8 million in 2023 and is expected to reach USD 5,674.6 million by 2030.
- The China market is expected to grow at a CAGR of 8.5% 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 3,208.8 million |
| Market revenue in 2030 | USD 5,674.6 million |
| Growth rate | 8.5% (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, China accounted for 13.8% 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 Asia Pacific, China polypropylene compounds market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,674.6 million by 2030.
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Polypropylene Compounds Market Scope
Polypropylene Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 28.09% in 2023. Horizon Databook has segmented the China 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.
China dominated the regional polypropylene market, in terms of both volume and value, in 2023 and is expected to hold its prominent position over the forecast period. The country is a significant player in the Asian polypropylene compounding industry.
Automotive industry in the country is expanding on account of a strong demand for cars as well as various other vehicle types including medium & heavy trucks and buses. Electric cars remain a promising category as the government is providing substantial subsidies to manufacturers and favorable discounts and incentives for customers who are buying these cars.
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Our clientele includes a mix of polypropylene compounds market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China polypropylene compounds market , including forecasts for subscribers. This country databook contains high-level insights into China polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China polypropylene compounds market size, by product, 2018-2030 (US$M)
China Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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