Europe Polypropylene Compounds Market Size & Outlook
Europe polypropylene compounds market, 2018-2030 (US$M)
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Europe polypropylene compounds market highlights
- The Europe polypropylene compounds market generated a revenue of USD 4,817.4 million in 2023.
- The market is expected to grow at a CAGR of 7.6% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 4,817.4 million |
| Market revenue in 2030 | USD 8,022.4 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Mineral filled pp compounds |
| Fastest growing segment | Mineral Filled PP Compounds |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 20.8% of the global polypropylene compounds market in 2023.
- 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 14,625.3 million by 2030.
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Polypropylene Compounds Market Scope
Polypropylene Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 29.54% in 2023. Horizon Databook has segmented the Europe 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 demand for PP compounds in automotive industry in Europe is expected to increase owing to their lightweight, low moisture absorption, higher shatter resistance, chemically inert, fatigue resistance, and heat resistance properties.
According to The Home Appliance Industry (APPLiA) in Europe, during the fiscal year 2018-2019, 7.9 billion appliances were installed in the European Union (EU) households. This trend is expected to be continued over the forecast period leading to a rise in demand for PP compounds in the appliances industry in Europe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe polypropylene compounds market , including forecasts for subscribers. This continent databook contains high-level insights into Europe polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe polypropylene compounds market size, by country, 2018-2030 (US$M)
Europe Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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