Gulf Cooperation Council Polypropylene Compounds Market Size & Outlook
Gulf Cooperation Council polypropylene compounds market, 2018-2030 (US$M)
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Gulf Cooperation Council polypropylene compounds market highlights
- The Gulf Cooperation Council polypropylene compounds market generated a revenue of USD 665.5 million in 2023 and is expected to reach USD 1,073.0 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 7.1% 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 665.5 million |
| Market revenue in 2030 | USD 1,073.0 million |
| Growth rate | 7.1% (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, Gulf Cooperation Council accounted for 2.9% 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 Middle East & Africa, Gulf Cooperation Council polypropylene compounds market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,073.0 million by 2030.
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Polypropylene Compounds Market Scope
Polypropylene Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
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Gulf Cooperation Council 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 27.87% in 2023. Horizon Databook has segmented the Gulf Cooperation Council 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 Middle East & Africa market is expected to witness growth owing to massive infrastructure development in the UAE, Saudi Arabia, and South Africa. Rapid industrialization coupled with improving manufacturing industry infrastructure in the Middle East & Africa is expected to impact the demand for polypropylene compounds.
The expanding construction industry, majorly in Qatar and the UAE owing to economic recovery, establishment of advanced real estate regulatory framework, and increase in the number of infrastructure development projects is expected to drive the demand for polypropylene compounds in these countries.
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Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council polypropylene compounds market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council polypropylene compounds market size, by product, 2018-2030 (US$M)
Gulf Cooperation Council Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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