Germany Polypropylene Compounds Market Size & Outlook
Germany polypropylene compounds market, 2018-2030 (US$M)
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Germany polypropylene compounds market highlights
- The Germany polypropylene compounds market generated a revenue of USD 1,963.1 million in 2023 and is expected to reach USD 3,356.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 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 1,963.1 million |
| Market revenue in 2030 | USD 3,356.6 million |
| Growth rate | 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, Germany accounted for 8.5% 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 Europe, Germany polypropylene compounds market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,356.6 million by 2030.
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Polypropylene Compounds Market Scope
Polypropylene Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 30.09% in 2023. Horizon Databook has segmented the Germany 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.
Germany acts as an automobile manufacturing hub catering the European automobile market. Several large automotive manufacturers have established their production and R&D facilities in the region which has created lucrative opportunities for the PP compounds market.
Moreover, the growing utilization of high-performance lightweight plastic components by the manufactures to achieve fuel efficiency and weight reduction in passenger as well as sports cars have augmented the demand for PP compounds in the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany polypropylene compounds market , including forecasts for subscribers. This country databook contains high-level insights into Germany polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany polypropylene compounds market size, by product, 2018-2030 (US$M)
Germany Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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