Is Polypropylene (PP) Compounds Market Driving New Levels of Innovation?

23rd April 2019: Polypropylene (PP) compounds are thermoplastic resins formed using a mixture of one or more base polyolefin with several other components like additives, impact modifiers, pigments, and fillers and reinforcements. These compounds offer better heat resistance, stiffness, and higher mechanical toughness. Its excellent impact and tensile strength makes it an extensively used product in several areas such as automotive parts, films, textiles, and more.

Mineral Filled PP Compound Products as Reinforcing Filler in Polypropylene Compounds

Based on the product type, polypropylene (PP) compounds market is classified into reinforced glass, mineral filled PP compounds, compounded TPV, compounded TPO, and others. The rising demand for mineral filled PP compounds is estimated to grow at highest CAGR in the forecast period i.e. from 2018-2025. Reason behind overall market growth could be the rising use of minerals in polypropylene compounds to produce higher heat distortion and rigidity. 

The exclusively used minerals comprise calcium, talc, silica, glass beads, and mica. Moreover, it is used in applications like electrical & electronics and automotive sectors owing to better mechanical stiffness and thermal stability. Talc is known as one of the most useful mineral fillers that are compatible with the polypropylene (PP).

SABIC® PPcompound 108CSF10 is an elastomer-adapted mineral filled polypropylene for automotive exterior applications. It is primarily designed to associate an excellent work profile with good processing. Sirmax’s polypropylene (PP) mineral-filled compounds are sold under the brand name ISOFIL® which comprises both copolymer and homopolymer PP compounds. 

In addition, compounded TPO is estimated to arise as the fastest growing product and is estimated to grow at highest CAGR in the forecast period.  

Market Insights

Rising consciousness among populace regarding sustainability of natural resources is generating new opportunities for major market players in Europe and North America. Further, this factor is estimated to propel market growth in future. Moreover, enhanced technological innovations will help to produce novel products in future. 

For instance, Prime Polymer Co., Ltd. and Mitsui Chemicals, Inc. together established new PP compounds company Mitsui Prime Advanced Composites Europe B.V. in the Netherlands. This will help to expand and strengthen PP business by enhancing technology, production, and sales service structure to supply high quality products to automobile manufacturers.

The prominent manufacturers of polypropylene (PP) compounds market are A. Schulman;Trinseo, LyondellBasell; PolyOne Corporation;Advanced Composites; Sumitomo Chemicals; RheTech Inc.;Solvay;ExxonMobil; and Washington Penn Plastics Co., Ltd. These major manufacturers strongly capitalize on the expansion of their business and growth to uphold a top position.Kingfa and Washington Penn Plastics Co. are the two largest independent polypropylene compounders.