North America 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: TIPRE00026286 | Pages: 107 | Industry: Chemicals and Materials | Date: Dec 2021
Covid

Market Introduction

The North American region includes economies such as the US, Canada, and Mexico. North America is one of the major markets for polypropylene compounds. The growth of the market in the region is mainly attributed to the growing demand for polypropylene compounds from various end-use industries. The US has one of the largest automotive marketplaces in the world. Mexico is the largest passenger vehicle manufacturer and the automotive sector in the country is growing. There is a growing use of polypropylene compounds in the automotive industry. Polypropylene compounds have replaced other polymers in various parts and components. The versatility and ease of processing of polypropylene contribute to the growing demand. The polypropylene compounds are used in many automotive applications, including bumper fascias, interior trim, instrument panels, door panels, and many other parts. Thus, the automotive industry's tremendous growth in North America contributes to the development of the polypropylene compounds market in the region. Additionally, polypropylene compounds are used in a wide range of industries such as electrical appliances, building, and construction and furniture components, etc. There is a growing use of polypropylene compounds in the building and construction industry in the region. This is creating demand for polypropylene compounds market. 

North America is one of the worst affected economies due to the COVID-19 pandemic. The US has the highest number of confirmed cases in the region. The unprecedented rise in the number of COVID-19 cases across the US and Canada, and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of the various markets. The significant disruption in manufacturing due to low workforce availability and disrupted supply chains causing challenges in raw material sourcing have harmed the demand for polypropylene compounds in the region. The pandemic has had a massive impact on the automotive industry in the region. However, the market is reviving on account of the government's significant measures, such as vaccination drives. The North America polypropylene compounds market players are paying close attention to shipping, production, and vaccine-related trends. With economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. The building and construction industry is overcoming the challenges of supply chain disruptions of their raw material. The pre-COVID investment plans are likely to be resumed as businesses gain confidence in stabilizing economies and anticipate increased demand. This is expected to provide the impetus for the North America polypropylene compounds market growth.                 


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Market Overview and Dynamics

The polypropylene compounds market in North America is expected to grow from US$ 2,669.64 million in 2021 to US$ 3,856.32 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The players operating in the region are focusing on providing a proven portfolio of polypropylene solutions for various applications. The increase in demand for polypropylene compounds drives the strategic investments and expansion by key market players. For instance, in 2019, Borealis has announced the inauguration of its new polypropylene compounding plant in North Carolina. The plant is ideally located to meet the growing needs of Original Equipment Manufacturers (OEM) and Tier 1 customers in the region for advanced polypropylene solutions. The first produced compounds in the new facility are those used to make automotive interior and exterior materials approved and listed by major automotive customers. Such development will further boost the growth of the market in the region.    

Key Market Segments

North America polypropylene compounds market is segmented into type, end user and country. Based on type, the North America 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 North America 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 North America polypropylene compounds market in 2020. Based on country, the North America polypropylene compounds market is segmented into US, Canada, and Mexico. US 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 North America 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 North America 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 North America polypropylene compounds market.
  • Efficiently plan M&A and partnership deals in North America 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 North America polypropylene compounds market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Polypropylene Compounds Market Segmentation

North America Polypropylene Compounds Market - By Type

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

North America Polypropylene Compounds Market - By End User

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

North America Polypropylene Compounds Market - By Country

  • US
  • Canada
  • Mexico

North America Polypropylene Compounds Market - Company Profiles

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

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.           North America Polypropylene Compounds Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.3         Expert Opinion

4.4         Ecosystem Analysis

5.           North America Polypropylene Compounds Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Need from Industries such as Building and Construction, Textiles, Electrical and Electronics, and Automobile

5.1.2        Mineral-Filled Polypropylene Compounds Used Extensively

5.2         Market Restraints

5.2.1        Instability in Raw Material Prices and Negative Impact of COVID-19 Pandemic

5.3         Market Opportunities

5.3.1        Rising Need of Applications in Packaging Industry

5.4         Future Trends

5.4.1        Eco-Friendly Polypropylene Compounds Getting Developed

5.5         Impact Analysis

6.           Polypropylene Compounds Market – North America Analysis

6.1         North America Polypropylene Compounds Market Overview

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

7.           North America Polypropylene Compounds Market Analysis – By Type

7.1         Overview

7.2         North America 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.           North America Polypropylene Compounds Market Analysis – By End User

8.1         Overview

8.2         North America 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.           North America Polypropylene Compounds Market – Country Analysis

9.1         Overview

9.1.1        North America: Polypropylene Compounds Market, by Key Country

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

9.1.1.1.1          US: Polypropylene Compounds Market, by Type

9.1.1.1.2          US: Polypropylene Compounds Market, by End User

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

9.1.1.2.1          Canada: Polypropylene Compounds Market, by Type

9.1.1.2.2          Canada: Polypropylene Compounds Market, by End User

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

9.1.1.3.1          Mexico: Polypropylene Compounds Market, by Type

9.1.1.3.2          Mexico: Polypropylene Compounds Market, by End User

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

10.1      North America: 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.             North America Polypropylene Compounds Market –Revenue and Forecast To 2028 (US$ Million)

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

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

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

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

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

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

Table 8.             Glossary of Terms, North America Polypropylene Compounds Market

 


LIST OF FIGURES

Figure 1.           North America Polypropylene Compounds Market Segmentation

Figure 2.           North America Polypropylene Compounds Market Segmentation – By Country

Figure 3.           North America Polypropylene Compounds Market Overview

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

Figure 5.           US Held Largest Share of North America Polypropylene Compounds Market

Figure 6.           Porter’s Five Forces Analysis

Figure 7.           Expert Opinion

Figure 8.           Ecosystem: Polypropylene Compounds Market

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 29.        Impact of COVID-19 Pandemic in North America

  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 North America 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 North America 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 North America 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
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