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全球聚丙烯化合物市场 - 2023-2030Global Polypropylene Compounds Market - 2023-2030 |
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全球聚丙烯化合物市场在2022年达到237亿美元,预计2030年将达到435亿美元,2023-2030年预测期间CAGR为8.0%。
热塑性树脂(称为聚丙烯化合物)是将一种或多种基础聚烯烃与颜料、添加剂、填料和增强材料等各种材料混合而製成的。消费性电子产业不断增长的需求一直推动着市场的扩张。
然而,全球冠状病毒的爆发和原材料波动可能会阻碍所研究市场的成长。未来五年,聚丙烯化合物市场可能将因环保聚丙烯化合物的研发而经历重大成长机会。
截至2021年,汽车产业的渗透率最高,在预测期内,该细分市场占有率预计将达到39.3%。 PP 化合物价格低廉,具有优异的成型性和机械品质,因此在製造汽车零件(如门饰、保险桿仪表板和仪表板)方面有很大的需求。美国拥有多家主要汽车製造商和汽车零件生产商,是世界上最大的汽车市场之一。该地区对聚丙烯的需求源于其在汽车製造中的使用,以提高燃油效率。
平板电脑、笔记型电脑和手机等消费性电子产品的组件需要坚固且轻巧。由于其高抗衝击性和轻质特性,聚丙烯化合物广泛用于生产电子设备外壳、盖子和结构件。由聚丙烯製成的化合物可以客製化以满足特定的设计规格。因此,这些化合物的灵活性使电子设备生产商可以轻鬆设计复杂且美观的产品,而无需牺牲功能。
消费性电子产业以其快速的技术进步和动态的消费模式而脱颖而出。随着电子设备变得更小、更轻、功能更丰富,对聚丙烯化合物等能够满足这些不断变化的需求的材料的需求也在增长。此外,智慧家电(例如声控助理和恆温器)的日益普及,正在推动对用于生产外壳和其他零件的聚丙烯化合物的需求增加。
聚丙烯化合物市场受到汽车产业对轻量、经济且环保材料的需求的显着影响。随着汽车产业的变化以满足不断变化的消费者偏好和监管标准,预计聚丙烯化合物在各种车辆零件中的使用将会增加。因此,为了支持这些化合物不断增长的需求,公司正在大力投资以提高 PP 产量和产品推出,从而推动市场成长。
例如,住友化学在中国江苏省无锡市设立了珠海住化高分子化合物有限公司无锡分公司,作为新的聚丙烯(PP)化合物生产设施,以扩大其汽车材料业务。除了已在昌都市投入营运的生产设施外,无锡工厂计划于 2021 年初投产。
此外,2022 年8 月31 日,全球领先的化学工业公司SABIC 推出了两种新型短玻璃纤维增强聚丙烯(PP) 化合物:SABIC PP 化合物G3430X 和SABIC PP 化合物G3440X 牌号,为要求苛刻的产品提供改进的加工和性能。汽车内部、外部和引擎盖下的应用。
聚丙烯化合物所用原料(例如增强材料、添加剂、填料和聚丙烯树脂)频繁且不可预测的价格波动带来了市场的不确定性。由于製造商和供应商无法预测和控制其生产成本,定价和利润率可能会受到影响。
自然灾害、供需失衡、世界经济变化和地缘政治事件都会影响原物料价格。这种不可预测性可能会导致价格意外大幅上涨,从而提高聚丙烯化合物的生产成本,从而阻碍该产品的市场成长。
Global Polypropylene Compounds Market reached US$ 23.7 billion in 2022 and is expected to reach US$ 43.5 billion by 2030, growing with a CAGR of 8.0% during the forecast period 2023-2030.
Thermoplastic resins known as polypropylene compounds are created by mixing one or more base polyolefins with various materials like pigments, additives, fillers and reinforcements. The consumer electronics industry's increasing demand has been fueling the market's expansion.
The global coronavirus outbreak and raw material fluctuations, however, are probably going to impede the growth of the market under study. Over the next five years, the market for polypropylene compounds is probably going to experience significant growth opportunities from research and development of environmentally friendly polypropylene compounds.
As of 2021, the automotive industry had the highest penetration rate and during the forecast period, the segmental share is expected to reach up to 39.3%. PP compounds are inexpensive and have excellent moldability and mechanical qualities therefore are in demand for the manufacturing of auto parts such as door trims, bumper facias and instrument panels. With several major automakers and automobile parts producers, U.S. is among the largest automotive markets in the world. The region's need for polypropylene is fueled by its use in automobile manufacturing to improve fuel efficiency.
Components for consumer electronics like tablets, laptops and cell phones need to be solid but lightweight. Because of their high impact resistance and lightweight nature, polypropylene compounds are widely used in the production of electronic device casings, covers and structural parts. Compounds made of polypropylene can be customized to satisfy particular design specifications. Thus the flexibility of these compounds has made it easy for the producers of electronic devices to design complex and aesthetically beautiful products without sacrificing functionality.
The consumer electronics industry stands out for its fast technological progress and dynamic consumer patterns. The need for materials like polypropylene compounds that can satisfy these changing needs is growing as electronic devices get smaller, lighter and more feature-rich. Furthermore, the increasing popularity of smart home appliances, such as voice-activated assistants and thermostats, is driving up demand for polypropylene compounds used in the production of casings and other parts.
The market for polypropylene compounds is significantly influenced by the automotive sector's demand for materials that are lightweight, affordable and environmentally friendly. The use of polypropylene compounds in various vehicle components is anticipated to increase as the automotive industry changes to meet shifting consumer preferences and regulatory standards. Thus to support the growing demand of these compounds companies are heavily investing in boosting PP production and product launch leading to drive the market growth.
For instance, In Wuxi, Jiangsu Province, China, Sumitomo Chemical established the Zhuhai Sumika Polymer Compounds Co., Ltd. Wuxi branch as a new polypropylene (PP) compound production facility to expand its automotive materials business. In addition to the production facility that is already operational in Changdu City, the Wuxi Plant is scheduled to start up in early 2021.
Furthermore, On August 31, 2022, the Leading global player in the chemical industry SABIC introduced two new short-glass fiber-reinforced polypropylene (PP) compounds, SABIC PP compound G3430X and SABIC PP compound G3440X grades, providing improved processing and performance for demanding automotive interior, exterior and under-hood applications.
Uncertainty in the market is brought by frequent and unpredictable price fluctuations for the raw materials used in PP compounds, such as reinforcements, additives, fillers and polypropylene resin. Pricing and profit margins may suffer as a result of manufacturers' and suppliers' inability to predict and control their production costs.
Natural disasters, imbalances in supply and demand, changes in the world economy and geopolitical events can all affect the price of raw materials. The unpredictability may cause unexpectedly large price increases, which would raise the cost of producing PP compounds leading to hampering the product's market growth.
The global polypropylene compounds market is segmented based on product, application, end-user and region.
Mineral filled PP compounds in polypropylene compounds are a growing market based on product and are expected to cover more than 27.9% market share in 2022. Mineral-filled polypropylene (PP) compounds are a type of thermoplastic material that is improved in terms of properties and performance by mixing mineral fillers with polypropylene resin. The compounds are widely used in various industries due to their improved mechanical, thermal and electrical properties.
Mineral-filled PP compounds have improved mechanical properties but still have a low density. The makes it possible for components to be lighter and more fuel-efficient, which is particularly advantageous in applications related to cars and transportation. The most common uses for mineral filled PP compounds are in consoles, panels, knee bolsters and other interior components of cars and home appliances. Furthermore, because compounded TPVs are more resistant to temperature and oil, their use in under-the-hood automotive applications has increased significantly. Minerals are also added to the polypropylene compounds to increase rigidity and heat distortion.
Due to strong demand from the consumer electronics and automotive sectors, especially in developing nations like China and India, Asia-Pacific market is anticipated to grow at the fastest rate covering more than 49.1% in the forecast period.
Major international automakers have made investments in the region due to the region's easy access to raw materials, advanced infrastructure and inexpensive, skilled labor force. Therefore, it is anticipated that each of these factors will propel the polypropylene compound market in the Asia-Pacific area.
The electronics market in the area is likewise expanding steadily. Furthermore, since businesses in the area are actively investing in the electronics sector, demand is probably going to keep rising and the region's use of polypropylene will grow.
During the pandemic, consumer spending dropped and economic uncertainties made a wide range of products-including those containing PP compounds-less popular. The demand for products from industries like consumer goods, construction and automotive declined, which had an impact on the demand for PP compounds.
Price volatility in the raw materials market, particularly for propylene, a crucial component of polypropylene compounds, was brought on by the pandemic. Price fluctuations for raw materials affected the PP compounds' cost structure.
Consumer preferences and behavior were impacted by the pandemic. For example, there was a rise in demand for medical supplies and personal protective equipment (PPE), both of which contain PP compounds. But demand declined in other sectors, such as construction and the automotive sector.
Propylene is a crucial component of polypropylene (PP) compounds and price volatility for raw materials is caused by geopolitical instability. Price fluctuations for raw materials have an impact on the industry's profitability and cost structure.
Trade restrictions, sanctions or interruptions in the flow of goods are all possible outcomes of geopolitical tensions. The import and export of PP compounds and related goods have been hampered by these disruptions.
Economic uncertainty brought on by geopolitical conflicts can undermine consumer and company confidence. Uncertainty in the economy could result in a decline in the demand for many different products, including ones that contain PP compounds.
major global players in the market include: Borealis AG, Mitsui Chemical, Inc., IRPC Public Company Limited, Exxon Mobil Corporation, Avient Corporation, Japan Polypropylene Corporation, SABIC, Trinseo S.A., Sumitomo Chemical Co., Ltd. and Washington Penn.
The global polypropylene compounds market report would provide approximately 61 tables, 63 figures and 212 Pages.
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