Lucintel's latest market report analyzed that polypropylene resin in the global composites industry provides attractive opportunities in the transportation, consumer goods, and electrical & electronics industry. The polypropylene resin in the global composites industry market is expected to reach $751.7 billion by 2027 with a CAGR of 4.8%. In this market, transportation is the largest segment by end use, whereas SFT is largest by product type. Increasing penetration in under-the-bonnet applications and increasing competition with other thermoplastic provides strategic growth path in this market.
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Based on end use, the polypropylene resin in the global composites industry market is segmented into transportation, consumer goods, electrical and electronics, others. The transportation segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing demand for lightweight vehicles in the Asian region. Consumer goods is expected to be the highest growing end use over the forecast period.
Browse in-depth TOC on “Polypropylene Resin in the Global Composites Industry Market”
77 – Tables
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166 – Pages
The Polypropylene Resin in the Global Composites Industry Market is marked by the presence of several big and small players. Some of the prominent players offering polypropylene resin in the global composites industry include LyondellBasell, Mitsui Chemicals, Borealis AG, ExxonMobil, and SABIC.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
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