Global compounds market New study on PP compounds for the market worldwide
UK – In a report by industry consultants, AMI Consulting, to quantify and analyse the global market for polypropylene compounds, interesting data and trends were revealed.
The study that was recently published in July 2016 segments the market into NAFTA, Latin America, Europe, Asia and Middle East/Africa, by product family and by application. Within the automotive segment that is the largest market for PP Compounds, applications are split into interiors, exteriors and underhood, AMI notes.
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. It also examines the rate of structural change in the industry which has seen few mergers and acquisitions in the last year but plenty of investment in new capacity as PP compounders seek to keep pace with growing local demand and internationalise their businesses. Recent investors are Borealis/Borouge, GS Caltex, Kingfa, LyondellBasell, Mitsui, Sabic and Washington Penn. The largest independent PP compounders are Washington Penn and Kingfa. The former had a particularly strong 2015 whereas the latter is establishing plants in both North America and Europe in 2016, as the report reveals.
In 2015 the global market grew by 4% suppressed by weak automotive production globally. Asia now accounts for 46% of global demand compared with 28% in Europe and 26% in the Americas.
The report, AMI says, is updated annually to ensure that current information is available in support of the strategic decisions that are required of participants to ensure they keep abreast of developments within this fast changing industry.
AMI Consulting has published a number of multi-client studies in the field of PP compounds including a report in 2016 called the European Market for PP Compounds and a report in 2014 called the Global Market for LFT (long fiber) PP Compounds.