DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Growth Opportunities for Polypropylene Resin in the Global Composites Industry" report to their offering.
The future of polypropylene resin in the global composites industry looks good with opportunities in transportation, consumer goods, and electrical/electronics industries. The polypropylene resin market in the global composites industry is expected to reach an estimated $657 million by 2021 and it is forecast to grow at a CAGR of 6.0% by value from 2016 to 2021. The major drivers for market growth are the increasing use of lightweight materials and the performance benefits of reinforced polypropylene composites over metals and pure plastics. Due to the cost-effective injection molding process, polypropylene based composites are suitable for high volume production. Other drivers for market growth are the increasing use of environmentally sustainable thermoplastic composite materials and the replacement of metals in different end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing penetration of reinforced polypropylene compounds in under-the-hood applications and increasing competition with other thermoplastics.
SABIC, LyondellBasell, Borealis, Asahi Kasei Plastics, and Mitsui Chemicals are among the major suppliers of polypropylene resin in the global composites industry.
Within the polypropylene resin in the global composites industry, the transportation segment is expected to remain the largest segment by value and volume. Expected increase in global automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency are the major driving forces that spur growth for this segment over the forecast period.
Report Structure:
1. Executive Summary
2. Industry Background and Classifications
3. Market Trends and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunities and Strategic Analysis
6. Company Profiles of Leading Players
For more information about this report visit http://www.researchandmarkets.com/research/5tjs7q/growth
