In 2015, the demand for scratch-resistant polypropylene compounds (PP) for the automotive market was estimated at 1.88 million. Tons and is expected to reach 4.11 million tonnes by 2024. In terms of the world market price of polypropylene compounds that are resistant to scratches and used for automotive parts, will reach $ 8.78 billion by 2024.
Excellent mechanical properties, processability and low cost PP compounds make this material indispensable in the automotive industry. The increased use of these materials in a variety of automotive interior applications is strengthened by the improved PP resins performance. These materials after compounding with additives such as talc, mica, glass fiber, acquire properties such as scratch resistance, high impact strength, which are important for the interior trim of the car.
Modern customers expect that the vehicles will have aesthetic appeal, which has a long life cycle. These factors are expected to spur demand for PP compounds in the manufacturing industry to produce door panels or instrument, etc. Key players in the market in collaboration with other members of the value chain are developing technologies for the production of compounds that facilitate easy dyeability and low coefficient of thermal expansion. In order to solve environmental problems is developing technology blending with biomass, which will be one of the key priorities for the major industry players.
The main players in this market sector are: BASF SE, LyondellBasell, Evonik Industries, Sumitomo Chemical Co., Ltd., SABIC, Trinseo, A. Schulman Inc. etc.