U.S. Polypropylene Compounds Market Size & Outlook
U.S. polypropylene compounds market, 2018-2030 (US$M)
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U.S. polypropylene compounds market highlights
- The U.S. polypropylene compounds market generated a revenue of USD 2,620.2 million in 2023 and is expected to reach USD 4,529.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.1% 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 2,620.2 million |
| Market revenue in 2030 | USD 4,529.8 million |
| Growth rate | 8.1% (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, U.S. accounted for 11.3% 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 North America, U.S. polypropylene compounds market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,529.8 million by 2030.
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Polypropylene Compounds Market Scope
Polypropylene Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 31.55% in 2023. Horizon Databook has segmented the U.S. 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 U.S. is one of the world’s largest automotive markets with the presence of several large vehicles and auto parts manufacturers. The demand for plastic compounding in the country is majorly generated from the expanding automotive industry coupled with the rise in a number of construction activities.
Moreover, the substantial investment in research & development by various automotive manufacturers have resulted in greater weight reduction in vehicles without compromising on safety. Polypropylene compounds are an integral part of such vehicles further propelling their demand in the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. polypropylene compounds market , including forecasts for subscribers. This country databook contains high-level insights into U.S. polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. polypropylene compounds market size, by product, 2018-2030 (US$M)
U.S. Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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