IRVING, Texas, Dec. 9, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, 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 $657 million by 2021 and it is forecast to grow at a CAGR of 6.0% by value from 2016 to 2021.
This report has 98 figures/charts and 23 tables spread through 118 pages. For more detail on this report please click http://www.lucintel.com/polypropylene_resin_in_composites_industry.aspx
By product form, the largest segment for polypropylene resin is expected to remain long fiber thermoplastics due to the higher performance characteristics of long fiber reinforced compounds compared to that of short fiber reinforced compounds.
Europe is expected to remain the largest market for polypropylene resin consumption for composite applications.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing penetration of reinforced polypropylene compounds in under-the-hood applications and increasing competition with other thermoplastics. SABIC, LyondellBasell, Borealis, Asahi Kasei Plastics, and Mitsui Chemicals are among the major suppliers of polypropylene resin in the global composites industry.
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The study includes a forecast for the growth opportunities in the polypropylene resin market in the global composites industry by end use industry, product form, and region, as follows:
By end use industry [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Consumer Goods
- Electrical and Electronics
By product form [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Short fiber thermoplastics (SFT)
- Long fiber thermoplastics (LFT)
- Continuous fiber thermoplastics (CFT)
- Glass Mat Thermoplastics (GMT)
By region [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- North America
- Asia Pacific
- Rest of the World
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/polypropylene_resin_in_composites_industry.aspx or email@example.com
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