The global market value of polypropylene (PP) compounds for the automotive industry is anticipated to witness substantial growth, reaching a value of 17.3 billion U.S. dollars by 2031. This growth can be attributed to the rising demand for improved fuel efficiency and cost-effectiveness; both in the automotive sector itself and amongst many automotive industry products. PP's lightweight property aids in reducing the overall weight of vehicles, resulting in better fuel efficiency and lower emissions. Furthermore, PP is a cost-effective alternative to other materials.
Market value of polypropylene compounds for the automotive industry worldwide in 2021, with a forecast to 2031
(in billion U.S. dollars)
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BIS Research. (December 31, 2021). Market value of polypropylene compounds for the automotive industry worldwide in 2021, with a forecast to 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1423389/global-market-size-of-polypropylene-compounds-for-automotive-industry/
BIS Research. "Market value of polypropylene compounds for the automotive industry worldwide in 2021, with a forecast to 2031 (in billion U.S. dollars) ." Chart. December 31, 2021. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1423389/global-market-size-of-polypropylene-compounds-for-automotive-industry/
BIS Research. (2021). Market value of polypropylene compounds for the automotive industry worldwide in 2021, with a forecast to 2031 (in billion U.S. dollars) . Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1423389/global-market-size-of-polypropylene-compounds-for-automotive-industry/
BIS Research. "Market Value of Polypropylene Compounds for The Automotive Industry Worldwide in 2021, with a Forecast to 2031 (in Billion U.S. Dollars) ." Statista, Statista Inc., 31 Dec 2021, https://www.statista.com/statistics/1423389/global-market-size-of-polypropylene-compounds-for-automotive-industry/
BIS Research, Market value of polypropylene compounds for the automotive industry worldwide in 2021, with a forecast to 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1423389/global-market-size-of-polypropylene-compounds-for-automotive-industry/ (last visited December 23, 2024)
Market value of polypropylene compounds for the automotive industry worldwide in 2021, with a forecast to 2031 (in billion U.S. dollars) [Graph], BIS Research, December 31, 2021. [Online]. Available: https://www.statista.com/statistics/1423389/global-market-size-of-polypropylene-compounds-for-automotive-industry/
