Lucintel Forecasts the Global Polypropylene Resin in the Global Composites Material Market is expected to reach an estimated $1,329 million by 2031 with a CAGR of 5% from 2024 to 2031
Lucintel Forecasts the Global Polypropylene Resin in the Global Composites Material Market is expected to reach an estimated $1,329 million by 2031 with a CAGR of 5% from 2024 to 2031
Blog Article
According to a market report by Lucintel, the future of the global polypropylene resin in
the global composites material market looks promising with opportunities in the
transportation, consumer goods, and electrical & electronics industry. The global
polypropylene resin in the global composites material market is expected to reach an
estimated $1,329 million by 2031 with a CAGR of 5% from 2024 to 2031. The major
drivers for this market are the increasing use of lightweight materials and the
performance benefits of reinforced polypropylene composites over metals and pure
plastics.
A more than 150-page report to understand trends, opportunity and forecast in
polypropylene resin in the global composites material market to 2031 by end use
(transportation, consumer goods, electrical and electronics, and others), product form
(SFT,LFT,CFT, and GMT), and region (North America, Europe, and Asia Pacific & Rest
of the World).
Lucintel forecasts that consumer goods will remain the largest end use segment and
also expected to witness highest growth over the forecast period due to increasing
demand for consumer products such as packaging, household goods, and appliances.
SFT by product will remain the largest segment over the forecast period due to its
excellent properties like; heat resistance, higher strength, conductivity, and flame
retardant are the qualities driving innovation for automotive applications.
Download sample by clicking on polypropylene resin in the global composites material
market
APAC & ROW is expected to remain the largest region over the forecast period due to
increasing use of polypropylene resin consumption in various applications and also
expected to witness highest growth over the forecast period.
LyondellBasell, Mitsui Chemicals, Borealis AG, ExxonMobil, SABIC are the major
suppliers in the polypropylene resin in the global composites material market.
This unique research report will enable you to make confident business decisions in this
globally competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than
1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust
market & unmet needs analysis. We are based in Dallas, TX and have been a trusted
advisor for 1,000+ clients for over 20 years. We are quoted in several publications like
the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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