Asia Pacific Polypropylene Compounds Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Reinforced, and Others), and End User (Automotive, Electricals and Electronics, Packaging, Building and Construction, Textiles, and Others)     

Code: TIPRE00026281 | Pages: 118 | Industry: Chemicals and Materials | Date: Dec 2021
Covid

Market Introduction

The APAC region comprises countries such as Australia, China, India, Japan, South Korea, and other Asian countries. The growing demand for polypropylene compounds from various end-use industries has contributed to the growth of the market in the region. The APAC region provides significant growth opportunities for the polypropylene compounds market. China is a major market for polypropylene compounds in the region. There is increasing use of polypropylene compounds in the automotive sector. Polypropylene compounds are used in vehicles to increase fuel efficiency. The use of polypropylene compounds in vehicles significantly contributes to the ability of automotive manufacturers to meet stringent environmental standards for car interiors. The packaging industry in the APAC region is growing rapidly. The packaging industry has become an important part of the manufacturing industry in the region. Polypropylene is used in packaging for consumer products, cleaning products, etc. Moreover, the APAC polypropylene compounds market is predicted to be led by the expansion of the construction industry and electrical and electronic sectors in countries such as China, and many others.  

The COVID-19 pandemic has been causing a significant economic loss in APAC. The governments of various APAC economies are taking possible steps to restrict the spread of the virus by announcing a country-wide lockdown, which directly impacts the growth of their industrial sectors. This may affect the demand for polypropylene compounds. Various end-use industries, such as automotive, packaging, and construction have been hit hard by the pandemic, impacting the consumption of polypropylene compounds in the region. There is a systemic shift in consumer purchasing preferences from offline to online. Consumer preferences towards e-commerce and e-retailing are growing. With the steep growth of e-commerce and e-retailing, transit and omnichannel packaging is emerging as the most potential segments. The demand for packaging for groceries, healthcare products, and e-commerce transportation has increased significantly during the pandemic. At the same, the demand for industrial, luxury, and sections of B2B-transport packaging has declined. In India, the construction industry is one of the largest employers of the workforce. The COVID crisis has affected 8.5 million jobs in this sector. Like most industries, the automotive market has also been affected by the COVID-19 pandemic. Many automakers had to close production plants for safety measures. However, the construction sector is overcoming the challenges of labor shortage and disruptions of raw material supply chains. Also, the demand for electric motorcycles is on rise. The market is expected to witness an increase in investment by players to tap the prevailing opportunities and cater to expanding demand for polypropylene compounds in post-pandemic times.               


Get more information on this report :



Market Overview and Dynamics

The polypropylene compounds market in APAC is expected to grow from US$ 9,486.67 million in 2021 to US$ 13,813.96 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028. The players operating in the polypropylene compounds market in the region continue to expand production capacities and research and development of high-performance polypropylene compounds to address rapidly expanding needs in the APAC region. In September 2017, LyondellBasell has started production at a new polypropylene compounding plant in Dalian, China. The company's facility in China is strategically located to serve the region's growing automotive market. The additional capacity will allow the company’s further expansion into the strategically important North China region which is home to many major automobile manufacturers including BMW, Volkswagen, Audi, Nissan, etc. Moreover, in 2019, Mitsui Chemicals, Inc. has decided to expand its polypropylene compound production capacity in Thailand to meet the growing APAC demand for polypropylene compounds. This increase in capacity will strengthen the Mitsui Chemical Group’s supply capabilities in the growing Asian market. Thus, the growing efforts from the manufacturers, along with an increase in demand from industries such as automotive, electronic, packaging, and other industries, will drive the polypropylene compounds market in the APAC region.      

Key Market Segments

APAC polypropylene compounds market is segmented into type, end user and country. Based on type, the APAC polypropylene compounds market is segmented into mineral filled PP compounds, compounded TPO, compounded TPV, glass reinforced, and others. The mineral filled PP compounds segment held the largest share of the market in 2020. Based on end user, the APAC polypropylene compounds market is divided into automotive, electricals and electronics, packaging, building and construction, textiles, and others. The automotive segment held the largest share of the polypropylene compounds market in 2020. Based on country, the APAC polypropylene compounds market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the polypropylene compounds market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Borealis AG; Exxon Mobil Corporation; LyondellBasell Industries Holdings B.V.; SABIC; Sumitomo Chemical Co., Ltd; Total; and Trinseo.        

Reasons to buy report

  • To understand the APAC polypropylene compounds market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC polypropylene compounds market.
  • Efficiently plan M&A and partnership deals in APAC polypropylene compounds market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC polypropylene compounds market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Polypropylene Compounds Market Segmentation

APAC Polypropylene Compounds Market - By Type

  • Mineral Filled PP Compounds
  • Compounded TPO
  • Compounded TPV
  • Glass Reinforced
  • Others

APAC Polypropylene Compounds Market - By End User

  • Automotive
  • Electricals and Electronics
  • Packaging
  • Building and Construction
  • Textiles
  • Others

APAC Polypropylene Compounds Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Polypropylene Compounds Market - Company Profiles

  • Borealis AG
  • Exxon Mobil Corporation
  • LyondellBasell Industries Holdings B.V.
  • SABIC
  • Sumitomo Chemical Co., Ltd
  • Total
  • Trinseo

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection

3.2.2        Primary Interviews

3.2.3        Hypothesis Formulation

3.2.4        Macro-economic Factor Analysis

3.2.5        Developing Base Number

3.2.6        Data Triangulation

3.2.7        Country Level Data

4.           APAC Polypropylene Compounds Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.3         Expert Opinion

4.4         Ecosystem Analysis

5.           APAC Polypropylene Compounds Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Surging Need from Various Industrial Sectors

5.1.2        Mineral-Filled Polypropylene Compounds Having Widespread Usage

5.2         Market Restraints

5.2.1        Negative Effect of COVID-19 Pandemic and Fluctuation in Raw Material Prices

5.3         Market Opportunities

5.3.1        Packaging Industry Raising the Demand

5.4         Future Trends

5.4.1        Production of Eco-Friendly Polypropylene Compounds

5.5         Impact Analysis

6.           Polypropylene Compounds Market – APAC Analysis

6.1         Polypropylene Compounds Market Overview

6.2         APAC Polypropylene Compounds Market –Revenue and Forecast To 2028 (US$ Million)

7.           APAC Polypropylene Compounds Market Analysis – By Type

7.1         Overview

7.2         APAC Polypropylene Compounds Market, By Type (2020 and 2028)

7.3         Mineral Filled PP Compounds

7.3.1        Overview

7.3.2        Mineral Filled PP Compounds: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

7.4         Compounded TPO

7.4.1        Overview

7.4.2        Compounded TPO: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

7.5         Compounded TPV

7.5.1        Overview

7.5.2        Compounded TPV: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

7.6         Glass Reinforced

7.6.1        Overview

7.6.2        Glass Reinforced: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

7.7         Others

7.7.1        Overview

7.7.2        Others: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

8.           APAC Polypropylene Compounds Market Analysis – By End User

8.1         Overview

8.2         APAC Polypropylene Compounds Market, By End User (2020 and 2028)

8.3         Automotive

8.3.1        Overview

8.3.2        Automotive: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

8.4         Electricals and Electronics

8.4.1        Overview

8.4.2        Electricals and Electronics: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

8.5         Packaging

8.5.1        Overview

8.5.2        Packaging: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

8.6         Building and Construction

8.6.1        Overview

8.6.2        Building and Construction: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

8.7         Textiles

8.7.1        Overview

8.7.2        Textiles: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

8.8         Others

8.8.1        Overview

8.8.2        Others: Polypropylene Compounds Market – Revenue and Forecast to 2028 (US$ Mn)

9.           APAC Polypropylene Compounds Market – Country Analysis

9.1         Overview

9.1.1        APAC: Polypropylene Compounds Market, by Key Country

9.1.1.1          Australia: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          Australia: Polypropylene Compounds Market, by Type

9.1.1.1.2          Australia: Polypropylene Compounds Market, by End User

9.1.1.2          China: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          China: Polypropylene Compounds Market, by Type

9.1.1.2.2          China: Polypropylene Compounds Market, by End User

9.1.1.3          India: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          India: Polypropylene Compounds Market, by Type

9.1.1.3.2          India: Polypropylene Compounds Market, by End User

9.1.1.4          Japan: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          Japan: Polypropylene Compounds Market, by Type

9.1.1.4.2          Japan: Polypropylene Compounds Market, by End User

9.1.1.5          South Korea: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          South Korea: Polypropylene Compounds Market, by Type

9.1.1.5.2          South Korea: Polypropylene Compounds Market, by End User

9.1.1.6          Rest of APAC: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of APAC: Polypropylene Compounds Market, by Type

9.1.1.6.2          Rest of APAC: Polypropylene Compounds Market, by End User

10.        Impact of COVID-19 Pandemic on APAC Polypropylene Compounds Market

10.1      APAC: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Product Launch

11.2      Product News

11.3      Market Initiatives

12.        Company Profiles

12.1      LyondellBasell Industries Holdings B.V.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      EXXON MOBIL CORPORATION

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      SABIC

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Sumitomo Chemical Co., Ltd.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Borealis AG

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Total

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Trinseo

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary

 


LIST OF TABLES

Table 1.             APAC Polypropylene Compounds Market –Revenue and Forecast To 2028 (US$ Million)

Table 2.             Australia Polypropylene Compounds Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 3.             Australia Polypropylene Compounds Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 4.             China Polypropylene Compounds Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 5.             China Polypropylene Compounds Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 6.             India Polypropylene Compounds Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7.             India Polypropylene Compounds Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 8.             Japan Polypropylene Compounds Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 9.             Japan Polypropylene Compounds Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 10.          South Korea Polypropylene Compounds Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 11.          South Korea Polypropylene Compounds Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 12.          Rest of APAC Polypropylene Compounds Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 13.          Rest of APAC Polypropylene Compounds Market, by End User – Revenue and Forecast to 2028  (USD Million)

Table 14.          Glossary of Terms, APAC Polypropylene Compounds Market

 


LIST OF FIGURES

Figure 1.           APAC Polypropylene Compounds Market Segmentation

Figure 2.           APAC Polypropylene Compounds Market Segmentation – By Country

Figure 3.           APAC Polypropylene Compounds Market Overview

Figure 4.           Mineral Filled PP Compounds Segment Held Largest Share of APAC Polypropylene Compounds Market

Figure 5.           China Held Largest Share of APAC Polypropylene Compounds Market

Figure 6.           Porter’s Five Forces Analysis

Figure 7.           Expert Opinion

Figure 8.           Ecosystem: Polypropylene Compounds Market

Figure 9.           APAC Polypropylene Compounds Market Impact Analysis of Drivers and Restraints

Figure 10.        APAC: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Million)

Figure 11.        APAC Polypropylene Compounds Market Revenue Share, By Type (2020 and 2028)

Figure 12.        APAC Mineral Filled PP Compounds: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 13.        APAC Compounded TPO: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14.        APAC Compounded TPV: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15.        APAC Glass Reinforced: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 16.        APAC Others: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17.        APAC Polypropylene Compounds Market Revenue Share, By End User (2020 and 2028)

Figure 18.        APAC Automotive: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19.        APAC Electricals and Electronics: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 20.        APAC Packaging: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21.        APAC Building and Construction: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 22.        APAC Textiles: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 23.        APAC Others: Polypropylene Compounds Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 24.        APAC: Polypropylene Compounds Market, by Key Country – Revenue (2020) (US$ Million)

Figure 25.        APAC: Polypropylene Compounds Market Revenue Share, by Key Country (2020 and 2028)

Figure 26.        Australia: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27.        China: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28.        India: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Japan: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30.        South Korea: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Rest of APAC: Polypropylene Compounds Market –Revenue and Forecast to 2028 (US$ Million)

Figure 32.          Impact of COVID-19 Pandemic in APAC
  1. Borealis AG
  2. Exxon Mobil Corporation
  3. LyondellBasell Industries Holdings B.V.
  4. SABIC
  5. Sumitomo Chemical Co., Ltd
  6. Total
  7. Trinseo
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC polypropylene compounds market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC polypropylene compounds market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the polypropylene compounds market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Related Tags Asia Pacific Polypropylene Compounds Market Asia Pacific Polypropylene Compounds Market Research Asia Pacific Polypropylene Compounds Market Insight Asia Pacific Polypropylene Compounds Market Trends Asia Pacific Polypropylene Compounds Market Forecast Asia Pacific Polypropylene Compounds Market Share Asia Pacific Polypropylene Compounds Market 2028 Asia Pacific Polypropylene Compounds Market Growth Asia Pacific Polypropylene Compounds Industry Sector Asia Pacific Polypropylene Compounds PDF Report Asia Pacific Polypropylene Compounds Analysis Asia Pacific Polypropylene Compounds Research Competitive Analysis

Purchase Options
Single User License
$3000
Site License
$4000
Enterprise License
$5000