PP Compound Market for Automotive Industry Drivers, Challenges, And Forecast Up To 2031


Posted November 8, 2021 by bisrsrch

The consumption of PP compounds in vehicles is beneficial to increase fuel efficiency. PP compounds are used in different automobile parts that are cost-effective for vehicle manufacturing
 
In the automobile industry, the demand for polypropylene (PP) compounds is rising due to the increasing number of electric vehicles that are made from lightweight materials. Government securities are also pushing the adoption of long fiber polypropylene compounds. PP compound helps in weight reduction, which contributes significantly to fuel efficiency. PP compound is a cost-effective solution that is driving its demand exponentially. The use of PP compound helps to reduce CO2 emission, which is an environment-friendly aspect of applications of PP compounds in the automobile industry.

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The growth in the automotive industry, the evolution of electric vehicles, and the cannibalization of other materials used in the automotive industry by PP compounds are expected to drive the market. The PP compound is an environment-friendly alternative material for manufacturing automotive parts. It is an energy-wise and safety-wise effective alternative to traditional materials such as steel and aluminum. The PP compound is a reusable, high resistance, and cost-effective long-run solution for the automobile industry.

The increasing application areas for PP compound in the automotive industry had led to the surge in different types of PP compounds for varied applications. Mineral field blended with plastics, thermoplastic polyolefins (TPO), thermoplastic vulcanizate (TPV), and glass reinforced polypropylene are various application products of PP compounds. A mineral-filled PP compound is used in an automotive exterior that provides strength and durability to vehicles. Glass reinforced PP compound has application in the engine and transmission of a vehicle that replaces traditional usage of metal. TPO and TPV are widely used in closures, bumpers, and fenders owing to their high impact strength. They are also used in interiors for their soft-touch property.

The growth of the PP compound market for automotive industry can be attributed to the growing usage of lightweight materials in ICE vehicles and electric vehicles (EVs). Also, there has been a growing demand for long fiber polypropylene compounds for automotive front-end carriers, instrument-panel carriers, consoles, door panels, underbody shields, and pedals.

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Thermoplastic polyolefins (TPO) are used for applications that require high impact strength. TPO is polypropylene compounded with a rubber/elastomer without being vulcanized. Polypropylene compound, which contains vulcanized rubber/elastomer, is termed as thermoplastic vulcanizate (TPV). These have high-elastic strength and are used for coverings and tubes. TPO and TPV are widely used in automotive interiors for parts such as instrument panels, center consoles, and interior trims. Interior parts that require good aesthetics along with a soft touch, make use of TPO and TPV.

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Issued By BIS RSRCH
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Categories Business , News , Research
Tags pp compound market for automotive , pp compound market for automotive industry
Last Updated November 8, 2021