[FURL=https://www.industryarc.com/Research/Scratch-Resistant-Polypropylene-Market-Research-503588?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Scratch Resistant Polypropylene Market[/FURL] size is forecast to reach US$5.3 billion by 2026, after growing at a CAGR of 5.2% during 2021-2026 owning to growing consumption of scratch-resistant polypropylene engineering plastics in the automotive industry. It offers excellent properties such as heat resistance, surface strength, impact resistance, recyclability, and other properties thus; it is commonly used in interior automotive applications.Key Takeaways
Asia-Pacific dominated the scratch-resistant polypropylene market due to the increasing automotive industry in developing and emerging Asian countries such as India, China. Japan, Malaysia, and others.
Increasing adoption of plastic from the packaging industry is estimated to grow the consumption of scratch-resistant polypropylene industry in near future.
Growing adoption of engineering plastics from the automotive industry due to its widespread use in a dashboard, supplemental restraint system (airbag), interior trim, door trim, body panels, and other applications is estimated to grow the consumption of scratch-resistant polypropylene.
Additionally, propane is used in the polymerization process of polypropylene. Propane is produced in large quantities from oil, gas, naphtha, and others.
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Scratch Resistant Polypropylene Market Segment Analysis – By Geography
Asia Pacific dominated the global scratch-resistant polypropylene market in 2020 with more than the share of 28%, due to increasing demand from the automotive industry in Asian countries such as India, China, Malaysia, and others. Scratch-resistant polypropylene engineering plastics materials are widely used in the interior of the car as they offer excellent chemical resistance and weldability. Thus, increasing the automotive industry in developing and emerging countries are expected to grow the market size in the region. According to the International Organization of Motor Vehicle Manufacturers (OICA), in Malaysia, the commercial and passenger car vehicle production increased by 1.2% to 571632 units in 2019 as compared to 564800 units in 2018.
Scratch Resistant Polypropylene Market Drivers
Growth in Automotive Sector is estimated to grow the demand for Scratch Resistant Polypropylene at Global Level
Growing Demand for Plastic from Packaging Industry
Scratch Resistant Polypropylene Market Landscape
Major players in the Scratch Resistant Polypropylene Market include SABIC, BASF SE, Evonik Industries, Phantom Plastics, Croda International Plc., LyondellBasell, Sinopec, Tipco Industries, Sumitomo Chemicals, RTP and more.
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