North America Polypropylene Compounds Market Size & Outlook
North America polypropylene compounds market, 2018-2030 (US$M)
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North America polypropylene compounds market highlights
- The North America polypropylene compounds market generated a revenue of USD 6,308.2 million in 2023.
- The market is expected to grow at a CAGR of 7.9% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 6,308.2 million |
| Market revenue in 2030 | USD 10,724.0 million |
| Growth rate | 7.9% (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, North America region accounted for 27.2% 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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North America 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 31.12% in 2023. Horizon Databook has segmented the North America 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 recent surge in production utilizing shale gas and its increasing exploration activities has enabled the North American consumers and producers to obtain an unprecedented level of cost-effectiveness, which, in turn, has bolstered the market for polypropylene compounds.
Additionally, rapid infrastructure expansion in the U.S. and Mexico is expected to increase product demand in the coming years. National measures to support the recovery of the housing sector are expected to have a positive impact on future construction development.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America polypropylene compounds market , including forecasts for subscribers. This continent databook contains high-level insights into North America polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America polypropylene compounds market size, by country, 2018-2030 (US$M)
North America Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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