Skip to main content

PP Compound Market for Automotive Industry to Witness an Incredible Growth by 2031

 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.


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.


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.

Comments

Popular posts from this blog

Chatbots Increasing Efficiency in Healthcare Market

Chatbots are one of the prominent technologies currently being integrated into the healthcare system. The chatbots are not considered as the SaMD (software as medical device) as they do not participate in clinical decision-making process, rather, they act as the personal healthcare assistant as well as the trainer for its users. Click Here To Get Detailed Description of  Chatbots in Healthcare Market The usage of chatbots in the healthcare has gained popularity since 2013, when Babylon Health, the first healthcare chatbot company of the U.K. was launched. The company offered symptom checker chatbot and has started using the same chatbot as a health checker as well. The industry comprises the bot developers, platform providers, content providers, and the interface providers. Since there are no regulatory bodies such as FDA and MHRA directly governing the usage of chatbots, launching the chatbot is convenient for the developers. New start-ups are coming up wit...

Wireless Charging Technology – Analyzing the Market Drivers and Restraints

Wireless charging technology eliminates the use of wires to power devices and enables a device to be charged automatically when placed near a transmitter. The wireless charging technology is however, not new in the world of technology, rather, has been in existence since the late 1800s. With the incorporation of the technology in smartphones, it has been experiencing a massive boost in popularity. Request the Sample @  https://bisresearch.com/requestsample?id=645&type=download According to the latest market intelligence report by BIS Research titled “ Global Wireless Charging Market - Analysis and Forecast (2018-2023) ,” the market was valued at $2.58 billion in 2017 and is projected to grow at a CAGR of 40.97%, during the forecast period and reach $20.97 billion by 2023.  The market is estimated to witness the highest growth in the Asia-Pacific (APAC) region during the forecast period (2018-2023). The wireless charging technology is not only limited to the sm...

Analyzing the Growth and Expansion of the Neurostimulation Devices Market

The global healthcare economic burden, at present, is primarily characterized by major contributors such as chronic pain and neurological disorders. The annual societal cost for chronic pain and neurological disorders accounted for $635 billion and $789 billion respectively in the U.S., in 2014. Opioids are one of the most preferred medicines for the treatment of chronic pain, however, the side-effects associated with opioids have resulted in a decline in their overall usage and sale. Consequently, the increasing cases of neurological disorders and the need for a novel approach for the treatment of such diseases has led to the advent of neuromodulation technologies. The rapid shift of the healthcare industry toward neurostimulation devices from opioids and other conventional treatment techniques can be attributed to the efficient, safe, and targeted approach of neurostimulation devices. BIS Research recently published a market intelligence report titled “ Global Neurostim...