Dublin, Jan. 16, 2019 (GLOBE NEWSWIRE) -- 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.
The global glass-reinforced PP compound market is expected to grow at a CAGR of 8.07% and 6.79% between 2018 and 2030 in terms of value and volume, respectively.
Engineering plastics and metals have been extensively replaced by polypropylene (PP) compounds in the automotive parts to achieve a significant weight reduction and cost savings. PP compounds are cost-effective yet have outstanding mechanical properties and moldability accounting for more than half of plastics used in a vehicle.
The adoption of PP compound for new automotive applications and the cannibalization of other plastics by PP compound are expected to increase the share of PP compound in the automotive plastics market from 28.4% in 2017 to 34.4% in 2030. PP compounds have managed to substitute ABS in several lower-end automotive applications. This substitution is further expected in these applications such as center consoles, door panels, and side pillars. PC/ABS is a highly impact-resistant polymer which finds use in bumpers, but it has been losing its share to TPOs, as TPOs provide a cost-effective alternative to PC/ABS. LFT-PP also substitutes PC/ABS in overhead consoles of automobiles. Weak impact and aesthetic performance limit the usage of virgin PP in the automotive industry.
Major applications for virgin PP in the automotive industry include surge tanks, battery cases, covers, and door liners. Demand for virgin PP in the automotive industry is tied-up with the increasing demand for PP compound in the automotive industry. The direct application of virgin PP in the automotive industry faces replacement threat from PP compound.
Glass-reinforced PP compound utilizes short as well as long glass fibers, which helps in improving the stiffness of the material. Short glass-reinforced PP compound finds its application in the engine and transmission of the vehicle in which stiffness is an important criterion for material selection. The use of long glass fiber-reinforced PP is fast growing due to its potential to replace metals. Glass-reinforced PP compounds are widely used in the engine and transmission applications such as air filer housing and battery.
The supplier profiles offered in the report are 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, and Ravago.
The key end-user companies profiled in the report include Faurecia, Magna International Inc., REHAU, Summit Plastic Molding Inc., Samvardhana Motherson Group, and Yanfeng Automotive Interiors (YFAI).
Key Topics Covered:
Executive Summary
1 Report Scope & Methodology
1.1 Scope of the Report
1.2 Research Methodology
2 Market Dynamics
2.1 Market Drivers
2.2 Market Restraints
2.3 Market Opportunity
3 Industry Analysis
3.1 Supply-Demand Analysis
3.2 Value Chain Analysis
3.3 Policies & Regulations
3.4 Industry Attractiveness
3.5 Opportunity Matrix
4 PP Compound Market in the Automotive Industry (by Type)
4.1 PP Compound Market for Automotive Industry (by Glass-Reinforced)
4.2 Additive Concentrates for the PP Compound Market
5 Competitive Analysis of Polypropylene Compounds for the Automotive Industry
5.1 Polypropylene Compound vs. Virgin Polypropylene
5.2 Polypropylene Compound vs. Polystyrene
5.3 Polypropylene Compound vs. Styrene Acrylonitrile
5.4 Polypropylene Compound vs. Polycarbonate
5.5 Polypropylene Compound vs. Thermoplastic Polyurethane
6 PP Compound Market in the Automotive Industry (by Region)
7 Glass-Reinforced PP Compound Market in the Automotive Industry (by Region)
7.1 Glass-Reinforced PP Compound Market for Automotive Industry in Asia-Pacific
7.2 Glass-Reinforced PP Compound Market for Automotive Industry in Europe
7.3 Glass-Reinforced PP Compound Market for Automotive Industry in North America
7.4 Glass-Reinforced PP Compound Market for Automotive Industry in Middle East and Africa
7.5 Glass-Reinforced PP Compound Market for Automotive Industry in South America
8 Capacity Development
8.1 LyondellBasell Industries - Capacity Development (2007-2017) and Forecast (2018-2022)
8.2 Mitsui Chemicals, Inc. - Capacity Development (2007-2017) and Forecast (2018-2022)
8.3 Kingfa Sci & Tech Co Ltd - Capacity Development (2007-2017) and Forecast (2018-2022)
8.4 Washington Penn Plastic Co., Inc. - Capacity Development (2007-2017) and Forecast (2018-2022)
8.5 Sumitomo Chemical Co. Ltd. - Capacity Development (2007-2017) and Forecast (2018-2022)
8.6 Japan Polypropylene Corporation - Capacity Development (2007-2017) and Forecast (2018-2022)
9 Company Profiles
9.1 Market Share Analysis
9.2 Supplier Profiles
9.2.1 LyondellBasell Industries Holdings B.V.
9.2.2 Mitsui Chemicals, Inc.
9.2.3 Kingfa Sci. & Tech. Co., Ltd.
9.2.4 Borealis AG
9.2.5 Washington Penn Plastic Co., Inc.
9.2.6 Sumitomo Chemical Co., Ltd.
9.2.7 Japan Polypropylene Corporation
9.2.8 SAUDI BASIC INDUSTRIES CORPORATION
9.2.9 POLYONE CORPORATION
9.2.10 Ravago
9.3 Customer Profiles
9.3.1 Faurecia
9.3.2 Magna International Inc.
9.3.3 REHAU
9.3.4 Summit Plastic Molding, Inc.
9.3.5 Samvardhana Motherson Group
9.3.6 Yanfeng Automotive Interiors (YFAI)
For more information about this report visit https://www.researchandmarkets.com/research/bt8k8z/global?w=12
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