New Report on the Global Market for Polypropylene Compounds
A new report from industry consultants, AMI Consulting, published in July 2015, quantifies and analyzes the global market for polypropylene compounds. The study segments the market into NAFTA, Latin America, Europe, Asia and Middle East/Africa, by product family and by application. Within the automotive segment which is the largest market for PP compounds, applications are split into interiors, exteriors and underhood.
In 2014 the global market grew by 5%. Asia now accounts for 44% of global demand compared with 28% in Europe and 26% in the Americas. The report quantifies in detail PP Compound demand by OEM as well as providing an analysis of the industry's supply structure and up-to-date information on the world's largest producers of PP Compound. The report examines the rate of structural change in the industry which has recently seen ExxonMobil retrench, Washington Penn, Hexpol and Shanghai Pret acquire businesses and the likes of Borealis, Kingfa, LyondellBasell, Mitsui and SABIC invest in new in-house capacity. While LyondellBasell is the world's largest maker of PP Compounds, this new report shows that Kingfa is now the world's largest independent PP Compounder.
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