Polypropylene Compounds Market Size Worth $35.19 Billion By 2028: Grand View Research, Inc.
b'SAN FRANCISCO, April 14, 2021 /PRNewswire/ -- The global polypropylene compounds market size is anticipatedto reach USD 35.19 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 7.6% from 2021 to 2028.
- b'SAN FRANCISCO, April 14, 2021 /PRNewswire/ -- The global polypropylene compounds market size is anticipatedto reach USD 35.19 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 7.6% from 2021 to 2028.
- Increasing requirement for flame retardancy and improved heat resistance and serviceability of plastics in the electrical & electronics industry is the primary factor driving the growth of the global market.
- The most widely used minerals in the PP compound include talc, glass beads, mica, silica, and calcium.
- Low-cost production in China has led to a surge in new polymer production, which is driving the market to oversupply.