India Polypropylene Compounds Market Size & Outlook
India polypropylene compounds market, 2018-2030 (US$M)
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India polypropylene compounds market highlights
- The India polypropylene compounds market generated a revenue of USD 2,380.0 million in 2023 and is expected to reach USD 4,124.7 million by 2030.
- The India market is expected to grow at a CAGR of 8.2% 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 2,380.0 million |
| Market revenue in 2030 | USD 4,124.7 million |
| Growth rate | 8.2% (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, India accounted for 10.3% 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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India 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 28.63% in 2023. Horizon Databook has segmented the India 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.
Growing urbanization, increasing health consciousness, and raising awareness regarding the environment is expected to augment demand for plastic compounding in the various application sectors during the forecast period. The Indian government has increased its percentage spending on infrastructural development and is focusing on improving manufacturing facilities across the country.
Strong economic growth coupled with approval of 100% FDI by the government, high standard of living, rapid urbanization and smart city projects, and cheap labor is anticipated to spur end-use industries including general industry, consumer goods and automotive over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the India polypropylene compounds market , including forecasts for subscribers. This country databook contains high-level insights into India polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India polypropylene compounds market size, by product, 2018-2030 (US$M)
India Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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