South Africa Polypropylene Compounds Market Size & Outlook
South Africa polypropylene compounds market, 2018-2030 (US$M)
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South Africa polypropylene compounds market highlights
- The South Africa polypropylene compounds market generated a revenue of USD 496.5 million in 2023 and is expected to reach USD 784.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.7% 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 496.5 million |
| Market revenue in 2030 | USD 784.0 million |
| Growth rate | 6.7% (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, South Africa accounted for 2.1% 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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South Africa 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 27.33% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa is one of the leading countries in terms of automotive production in the Middle East & Africa. The flourishing automotive industry in the country has significantly contributed to its GDP. The regulations laid down by the Department of Trade and Industry of South Africa have further enhanced the production of automobiles in the country.
The presence of major automakers in the country has also helped significantly in reducing inflation and unemployment in South Africa. The country is characterized by the presence of foreign manufacturers, such as Volkswagen, BMW, Chrysler, Ford, Nissan, General Motors, and Toyota, who have production plants in South Africa.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa polypropylene compounds market , including forecasts for subscribers. This country databook contains high-level insights into South Africa polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa polypropylene compounds market size, by product, 2018-2030 (US$M)
South Africa Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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