Global Glass-Reinforced PP Compound Market for the Automotive Industry - Analysis and Forecast, 2018-2030 - ResearchAndMarkets.com

The "Global
Glass-Reinforced PP Compound Market for the Automotive Industry: Focus
on Supply-Demand Scenario, Value Chain Analysis, Capacity Development,
Material Competition, Application, and Sub-Applications - Analysis and
Forecast, 2018-2030" report has been added to ResearchAndMarkets.com's
offering.

In terms of value, the global glass-reinforced PP compound market is
expected to grow at a CAGR of 8.07% during the forecast period 2018-2030.

Engine and transmission dominated the glass-reinforced PP compound
market in Asia-Pacific in 2017. The key factors driving the demand for
glass-reinforced PP compound in the region are the use of
glass-reinforced PP compounds for the engine and the transmission
applications. However, low demand for luxury vehicles and the omission
of parts, such as the air vent control in low-end cars, limits the
glass-reinforced PP compound usage in exterior applications.

Asia-Pacific accounted for 41.30% of the total glass-reinforced PP
compound market in 2017. The global automotive production is dominated
by the Asia-Pacific region. The total production in the region occupied
more than 50% of the global automotive production. Countries such as
China and India occupy a major share in the region's production which is
largely dominated by small-passenger cars. Lack of buying capability and
the lack of regulatory push restricts the use of plastics in the
automobiles produced in the region. The growing GDP of developing
economies and the rising consumer demand would provide ample
opportunities for glass-reinforced PP compound market to grow in the
region.

The glass-reinforced PP compound market is expected to grow
significantly in the Europe region. The automotive industry in Europe is
the largest consumer of plastics in each vehicle. The demand for
glass-reinforced PP compound in the region is largely driven by the
consumer preference for luxury interiors. Countries in the region also
focus on weight reduction in order to comply with the stringent
regulations. Government initiatives are a key to increase the adoption
of plastics in the automotive industry in Europe. Leading automotive
OEMs produce and export vehicles from the region. The SUV segment in the
region has focused on adding luxury to its interiors as well as
exteriors. The segment has witnessed good growth in the region while
also increasing the use of glass-reinforced in these vehicles.

Key Topics Covered:

Executive Summary

1 Report Scope & Methodology

2 Market Dynamics

3 Industry Analysis

4 PP Compound Market in the Automotive Industry (by Type)

5 Competitive Analysis of Polypropylene Compounds for the Automotive
Industry

6 PP Compound Market in the Automotive Industry (by Region)

7 Glass-Reinforced PP Compound Market in the Automotive Industry (by
Region)

8 Capacity Development

9 Company Profiles

Supplier Profiles

• LyondellBasell Industries Holdings B.V.
• Mitsui Chemicals, Inc.
• Kingfa Sci. & Tech. Co., Ltd.
• Borealis AG
• Washington Penn Plastic Co., Inc.
• Sumitomo Chemical Co., Ltd.
• Japan Polypropylene Corporation
• SAUDI BASIC INDUSTRIES CORPORATION
• POLYONE CORPORATION
• Ravago

Customer Profiles

• Faurecia
• Magna International Inc.
• REHAU
• Summit Plastic Molding, Inc.
• Samvardhana Motherson Group
• Yanfeng Automotive Interiors (YFAI)

For more information about this report visit https://www.researchandmarkets.com/research/5swpsl/global?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20190116005311/en/