The global scratch resistant polypropylene compound for automotive interior market size is anticipated to reach USD 7.83 billion by 2030. The market is projected to grow at a CAGR of 6.8% from 2024 to 2030.
Outstanding mechanical properties, moldability and low cost make PP compounds highly sought after materials in the automotive industry. The growth of these materials in various automotive interior applications strengthens by the improved performance of the PP resins. These materials after compounding with additives such as talc, mica, glass fiber, etc. help impart properties such as scratch resistance, high impact strength which are essential for automotive interior applications.
Customer’s perspective related to aesthetics of vehicles interiors as well as exterior has drastically changed. Today, buyers expect the vehicles to maintain the aesthetic appeal for a larger part of the vehicle lifecycle. These factors are expected to drive the demand for PP compounds in manufacturing dashboard, door trims, etc.
Key market players in collaboration with other participants in the value chain have been developing technologies to manufacture compounds which facilitate easy paintability, low coefficient of thermal expansion and better conductivity. To address environmental issues, developing compounding technology with biomass derived resin is expected to be a key priority for major industry participants.
Major players include BASF SE, LyondellBasell, Evonik Industries, Sumitomo Chemical Co., Ltd., SABIC, Trinseo, A. Schulman, Inc., etc.
Outstanding mechanical properties, moldability and low cost make PP compounds highly sought after materials in the automotive industry. The growth of these materials in various automotive interior applications strengthens by the improved performance of the PP resins. These materials after compounding with additives such as talc, mica, glass fiber, etc. help impart properties such as scratch resistance, high impact strength which are essential for automotive interior applications.
Customer’s perspective related to aesthetics of vehicles interiors as well as exterior has drastically changed. Today, buyers expect the vehicles to maintain the aesthetic appeal for a larger part of the vehicle lifecycle. These factors are expected to drive the demand for PP compounds in manufacturing dashboard, door trims, etc.
Key market players in collaboration with other participants in the value chain have been developing technologies to manufacture compounds which facilitate easy paintability, low coefficient of thermal expansion and better conductivity. To address environmental issues, developing compounding technology with biomass derived resin is expected to be a key priority for major industry participants.
Major players include BASF SE, LyondellBasell, Evonik Industries, Sumitomo Chemical Co., Ltd., SABIC, Trinseo, A. Schulman, Inc., etc.
Scratch Resistant Polypropylene Compound For Automotive Interior Market Report Highlights
- The dashboard segment dominated the market and accounted for the largest revenue share of 34.3% in 2023. The rising concerns of driver’s safety is one of the major factors attributing to the market growth.
- The door segment is expected to experience significant growth over the forecast period. The door panels have the most controls and decorations among interior components.
- The North America scratch-resistant polypropylene compound for automotive interior market had a market share of 21.4% in 2023.
- The Asia Pacific scratch resistant polypropylene compound for automotive interior market dominated with a market share of 44.1% in 2023. The increasing urbanization in countries such as India and China has led to a surge in demand for automotive production and its components.
The leading players in the Scratch Resistant Polypropylene Compound for Automotive Interior market include:
- LyondellBasell Industries Holdings B.V.
- Borealis AG.
- Exxon Mobil Corporation.
- SABIC
- Mitsui Chemicals, Inc.
- Sumitomo Chemical Co., Ltd.
- RTP Company
- Present Advanced Composites Inc.
- Washington Penn
- Kingfa Sci. &Tech. Co.,Ltd.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Scratch Resistant Polypropylene Compound For Automotive Interior Market Variables, Trends, & Scope
Chapter 4. Scratch Resistant Polypropylene Compound For Automotive Interior Market: Application Estimates & Trend Analysis
Chapter 5. Scratch Resistant Polypropylene Compound For Automotive Interior Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
Companies Mentioned
The leading players in the Scratch Resistant Polypropylene Compound for Automotive Interior market include:- LyondellBasell Industries Holdings B.V.
- Borealis AG.
- Exxon Mobil Corporation.
- SABIC
- Mitsui Chemicals, Inc.
- Sumitomo Chemical Co., Ltd.
- RTP Company
- Present Advanced Composites Inc.
- Washington Penn
- Kingfa Sci. &Tech. Co.,Ltd.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.97 Billion |
| Forecasted Market Value ( USD | $ 7.83 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
