Consistent Growing Demand from Automotive Industry to Escalate Europe Polypropylene Compounds Market Growth
According to our latest market study on “Europe Polypropylene Compounds Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by (Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Reinforced, Others); End-user (Automotive, Electricals and Electronics, Packaging, Building and Construction, Textiles, Others),” the market was valued at US$ 2,928.947 Million in 2020 and is projected to reach US$ 4,179.15 Million by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028.The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Polypropylene, a thermoplastic polymer, is used in a variety of applications. It is basically produced through chain-growth polymerization derived from the monomer propylene. Polypropylene compounds are basically thermoplastic resins that are produced by a mixture of one or more polyolefins base along with various components such as strengtheners, fillers, impact modifiers, additives, and pigment. These compounds offer many features and are used in a variety of applications.
In 2020, UK, Germany, and Russia contributed to the largest share in the Europe polypropylene compounds market. Polypropylene is utilized in applications such as packaging for consumer goods, plastic parts for several industries special devices such as living hinges, and textiles. Polypropylene brings exceptional clarity, lightweighting, aesthetics, and enhanced sustainability to various commercial packaging applications. In the case of thermoformed & foldable packaging, polypropylene offers several advantageous property and performance benefits. Lightweight, high impact strength, effective sealing, temperature resistance, and sustainability are the properties that make this material is suitable for packaging. Germany is an attractive market for polypropylene compounds owing to the significant presence of food packaging industries; consumer goods industries; and automotive, electrical, and other industries. The material has replaced engineering plastics as well as metals, mainly in automotive parts, as it ensures significant weight reduction along with cost savings. Polypropylene compounds exhibit outstanding mechanical properties as well as moldability, and they are being used as a replacement of plastics in more than half of the use cases.
Key market players operating in the Europe polypropylene compounds market include Lyondellbasell Industries Holdings B.V.; Exxon Mobil Corporation; Sabic; Sumitomo Chemical Co. Ltd; Borealis AG; Total; Trinseo; and Rialti S.P.A. These companies provide a wide range of product portfolio for the polypropylene compounds market. These companies have their presence in the developing regions, which provides a lucrative opportunity for polypropylene compounds products. These market players are highly focused on developing high quality and innovative products to fulfil the customer’s requirements. For example, in 2021, Sumitomo Chemical announced the establishment of Sumika Polymer Compounds Poland Sp.z.o.o. (SPCP), a new production base in Poland, to further expand its polypropylene compound business.
As of June 2021, France, Russia, and the UK, are among the worst-affected countries in Europe in terms of COVID-19 cases and deaths. The COVID-19 pandemic has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. Chemicals & materials is one of the significant industries suffering severe disruptions due to these adversities. The shutdown of various manufacturing plants and factories in Europe has also affected the supply chain and negatively impacted the manufacturing, delivery schedules, and raw material and goods sales. Furthermore, during the first wave of COVID-19, multiple companies announced possible delays in product delivery along with a slump in future sales of their products. The travel bans imposed by countries in Europe are affecting business collaborations, along with partnership opportunities. All these factors are restricting the growth of various markets related to the chemical & materials industry. The demand for polypropylene compounds is impacted by the pandemic due to a shortfall in production along with limited transportation facilities.
The report includes the segmentation of the Europe polypropylene compounds market as follows:
Polypropylene, a thermoplastic polymer, is used in a variety of applications. It is basically produced through chain-growth polymerization derived from the monomer propylene. Polypropylene compounds are basically thermoplastic resins that are produced by a mixture of one or more polyolefins base along with various components such as strengtheners, fillers, impact modifiers, additives, and pigment. These compounds offer many features and are used in a variety of applications.
In 2020, UK, Germany, and Russia contributed to the largest share in the Europe polypropylene compounds market. Polypropylene is utilized in applications such as packaging for consumer goods, plastic parts for several industries special devices such as living hinges, and textiles. Polypropylene brings exceptional clarity, lightweighting, aesthetics, and enhanced sustainability to various commercial packaging applications. In the case of thermoformed & foldable packaging, polypropylene offers several advantageous property and performance benefits. Lightweight, high impact strength, effective sealing, temperature resistance, and sustainability are the properties that make this material is suitable for packaging. Germany is an attractive market for polypropylene compounds owing to the significant presence of food packaging industries; consumer goods industries; and automotive, electrical, and other industries. The material has replaced engineering plastics as well as metals, mainly in automotive parts, as it ensures significant weight reduction along with cost savings. Polypropylene compounds exhibit outstanding mechanical properties as well as moldability, and they are being used as a replacement of plastics in more than half of the use cases.
Key market players operating in the Europe polypropylene compounds market include Lyondellbasell Industries Holdings B.V.; Exxon Mobil Corporation; Sabic; Sumitomo Chemical Co. Ltd; Borealis AG; Total; Trinseo; and Rialti S.P.A. These companies provide a wide range of product portfolio for the polypropylene compounds market. These companies have their presence in the developing regions, which provides a lucrative opportunity for polypropylene compounds products. These market players are highly focused on developing high quality and innovative products to fulfil the customer’s requirements. For example, in 2021, Sumitomo Chemical announced the establishment of Sumika Polymer Compounds Poland Sp.z.o.o. (SPCP), a new production base in Poland, to further expand its polypropylene compound business.
Impact of COVID-19 Pandemic on Europe Polypropylene Compounds Market
As of June 2021, France, Russia, and the UK, are among the worst-affected countries in Europe in terms of COVID-19 cases and deaths. The COVID-19 pandemic has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. Chemicals & materials is one of the significant industries suffering severe disruptions due to these adversities. The shutdown of various manufacturing plants and factories in Europe has also affected the supply chain and negatively impacted the manufacturing, delivery schedules, and raw material and goods sales. Furthermore, during the first wave of COVID-19, multiple companies announced possible delays in product delivery along with a slump in future sales of their products. The travel bans imposed by countries in Europe are affecting business collaborations, along with partnership opportunities. All these factors are restricting the growth of various markets related to the chemical & materials industry. The demand for polypropylene compounds is impacted by the pandemic due to a shortfall in production along with limited transportation facilities.
Europe Polypropylene Compounds Market Breakdown - by Region, 2020
The report includes the segmentation of the Europe polypropylene compounds market as follows:
Europe Polypropylene Compounds Market, by Type
- Mineral Filled PP Compounds,
- Compounded TPO
- Compounded TPV
- Glass Reinforced
- Others
Europe Polypropylene Compounds Market, by End-user
- Automotive
- Electricals and Electronics
- Packaging
- Building and Construction
- Textiles
- Others
Europe Polypropylene Compounds Market, by Geography.
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
Reasons to buy:
- 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 Europe polypropylene compounds market, thereby allowing players to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals
Table of Contents
1. Introduction1.1 Study Scope
1.2 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. Europe Polypropylene Compounds Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.2.2 Expert Opinion
5. Europe Polypropylene Compounds Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand from Industries such as Building and Construction, Textiles, Electrical and Electronics, and Automobile
5.1.2 Wide Use of Mineral-Filled Polypropylene Compounds
5.2 Market Restraints
5.2.1 Volatility in Raw Material Prices and Negative Effect of COVID-19 Pandemic
5.3 Market Opportunities
5.3.1 Growing Scope of Applications in Packaging Industry
5.4 Future Trends
5.4.1 Development of Eco-Friendly Polypropylene Compounds
5.5 Impact Analysis of Drivers and Restraints
6. Europe Polypropylene Compounds - Country Market Analysis
6.1 Europe Polypropylene Compounds Market -Revenue and Forecast To 2028 (US$ Million)
6.2 Competitive Positioning - Key Market Players
7. Europe Polypropylene Compounds Market Analysis - By Type
7.1 Overview
7.2 Polypropylene Compounds Market, by Type (2020 and 2028)
7.3 Mineral Filled Polypropylene Compounds
7.3.1 Overview
7.3.2 Mineral Filled Polypropylene Compound: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Compounded TPOs
7.4.1 Overview
7.4.2 Compounded TPO: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Compounded TPV
7.5.1 Overview
7.5.2 Compounded TPV: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Glass Reinforced
7.6.1 Overview
7.6.2 Glass Reinforced: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8. Polypropylene Compounds Market Analysis - By End-Use
8.1 Overview
8.2 Polypropylene Compounds Market, by End-Use (2020 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Electricals and Electronics
8.4.1 Overview
8.4.2 Electricals and Electronics: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Packaging
8.5.1 Overview
8.5.2 Packaging: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Building and Construction
8.6.1 Overview
8.6.2 Building and Construction: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Textile
8.7.1 Overview
8.7.2 Textile: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
9. Europe Polypropylene Compounds Market - Country Analysis
9.1 Europe: Polypropylene Compounds Market
9.1.1 Europe: Polypropylene Compounds Market -Revenue and Forecast to 2028(US$ Million)
9.1.2 Europe: Polypropylene Compounds Market, Type
9.1.3 Europe: Polypropylene Compounds Market, End-Use
9.1.4 Europe: Polypropylene Compounds Market, by Key Country
9.1.4.1 Germany: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 Germany: Polypropylene Compounds Market, Type
9.1.4.1.2 Germany: Polypropylene Compounds Market, End-User
9.1.4.2 France: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 France: Polypropylene Compounds Market, Type
9.1.4.2.2 France: Polypropylene Compounds Market, End-User
9.1.4.3 Italy: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Italy: Polypropylene Compounds Market, Type
9.1.4.3.2 Italy: Polypropylene Compounds Market, End-User
9.1.4.4 UK: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.4.1 UK: Polypropylene Compounds Market, Type
9.1.4.4.2 UK: Polypropylene Compounds Market, End-Use
9.1.4.5 Spain: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.5.1 Spain: Polypropylene Compounds Market, Type
9.1.4.5.2 Spain: Polypropylene Compounds Market, End-Use
9.1.4.6 Austria: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.6.1 Austria: Polypropylene Compounds Market, Type
9.1.4.6.2 Austria: Polypropylene Compounds Market, End-Use
9.1.4.7 Switzerland: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.7.1 Switzerland: Polypropylene Compounds Market, Type
9.1.4.7.2 Switzerland: Polypropylene Compounds Market, End-Use
9.1.4.8 Sweden: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.8.1 Sweden: Polypropylene Compounds Market, Type
9.1.4.8.2 Sweden: Polypropylene Compounds Market, End-Use
9.1.4.9 Norway: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.9.1 Norway: Polypropylene Compounds Market, Type
9.1.4.9.2 Norway: Polypropylene Compounds Market, End-Use
9.1.4.10 Denmark: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.10.1 Denmark: Polypropylene Compounds Market, Type
9.1.4.10.2 Denmark: Polypropylene Compounds Market, End-Use
9.1.4.11 Finland: Polypropylene Compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.11.1 Finland: Polypropylene Compounds Market, Type
9.1.4.11.2 Finland: Polypropylene Compounds Market, End-Use
9.1.4.12 Rest of Europe: Polypropylene compounds Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.12.1 Rest of Europe: Polypropylene Compounds Market, Type
9.1.4.12.2 Rest of Europe: Polypropylene Compounds Market, End-Use
10. Overview - Impact of Coronavirus Outbreak
10.1 Overview
10.2 Impact of COVID-19 on Polypropylene Compounds Market
10.3 Europe: 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
12.8 Rialti S.p.A.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About
13.2 Word Index
List of Tables
Table 1. Europe Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 3. Europe Polypropylene compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 4. Germany Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 5. Germany Polypropylene Compounds Market, End-User - Revenue and Forecast to 2028 (USD Million)
Table 6. France Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 7. France Polypropylene Compounds Market, End-User - Revenue and Forecast to 2028 (USD Million)
Table 8. Italy Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 9. Italy Polypropylene Compounds Market, End-User - Revenue and Forecast to 2028 (USD Million)
Table 10. UK Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 11. UK Polypropylene Compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 12. Spain Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 13. Spain Polypropylene Compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 14. Austria Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 15. Austria Polypropylene Compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 16. Switzerland Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 17. Switzerland Polypropylene Compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 18. Sweden Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 19. Sweden Polypropylene Compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 20. Norway Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 21. Norway Polypropylene Compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 22. Denmark Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 23. Denmark Polypropylene Compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 24. Finland Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 25. Finland Polypropylene Compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 26. Rest of Europe Polypropylene Compounds Market, Type - Revenue and Forecast to 2028 (USD Million)
Table 27. Rest of Europe Polypropylene Compounds Market, End-Use - Revenue and Forecast to 2028 (USD Million)
Table 28. List of AbbreviationList of Figures
Figure 1. Europe Polypropylene Compounds Market Segmentation
Figure 2. Europe Polypropylene Compounds Market Segmentation - By Geography
Figure 3. Europe Polypropylene Compounds Market Overview
Figure 4. Mineral Filled PP Compounds Segment Held Largest Share of Europe Polypropylene Compounds Market
Figure 5. Germany Region Held Largest Share of Europe Polypropylene Compounds Market
Figure 6. Europe Polypropylene Compounds Market, Industry Landscape
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Polypropylene Compounds market Impact Analysis of Drivers and Restraints
Figure 10. Europe Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Polypropylene Compounds Market Revenue Share, by Type (2020 and 2028)
Figure 12. Mineral Filled PP Compound: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Compounded TPO: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Compounded TPV: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Glass Reinforced: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Polypropylene Compounds Market Revenue Share, by End-Use (2020 and 2028)
Figure 18. Automotive: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Electricals and electronics: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Packaging: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Building and Construction: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Textile: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Polypropylene Compounds Market Revenue Share, Type (2020 and 2028)
Figure 26. Europe: Polypropylene Compounds Market Revenue Share, End-Use (2020 and 2028)
Figure 27. Europe: Polypropylene Compounds Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. Germany: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. France: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Spain: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Austria: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Switzerland: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Sweden: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. Norway: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Denmark: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Finland: Polypropylene Compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of Europe: Polypropylene compounds Market - Revenue and Forecast to 2028 (US$ Million)
Figure 40. Impact of COVID-19 Pandemic on Polypropylene Compounds Market in European Countries
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Lyondellbasell Industries Holdings B.V.
- Exxon Mobil Corporation
- SABIC
- Sumitomo Chemical Co. Ltd.
- Borealis AG
- Total
- Trinseo
- Rialti S.P.A.
- Axia Plastics
- FKuR Polymers GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2928.95 Million |
| Forecasted Market Value ( USD | $ 4179.15 Million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Europe |
