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Showing posts from November, 2021

PP Compound Market for Automotive Industry expected to grow at CAGR of 5.6%

  The global PP compound market for automotive industry is expected to reach $17,324.8 million by 2031, with a CAGR of 5.6% during the forecast period 2021-2031. The growth in the market is expected to be driven mainly by the need to reduce the weight of vehicles and demand for cheaper products that can be used in automotive parts. Growth of PP Compound Market for the A utomotive   Industry Polypropylene compounds are a kind of resin made from a mixture of one or more base polyolefins. This compound is the base resin that is then mixed with different pigments and additives, which alter the characteristics of the products accordingly depending on the intended use. These polypropylene compounds offer varied applications such as electrical appliances, automotive, building and construction, and furniture components.   Benefits of PP Compound Polypropylene can provide some great benefits to manufacturers who use auxiliary parts of cars   . For instance, if the car's bumper is