POLYPROPYLENE COMPOUNDS MARKET ANALYSIS

Market News

Global Polypropylene Compounds Market: Key Developments

In February 2021, Sumitomo Chemical Co., Ltd. announced the establishment of Sumika Polymer Compounds Poland Sp.z.o.o. (SPCP), a new production facility in Poland to enhance the polypropylene (PP) compound business. This facility is expected to commence in the spring of 2022.

In May 2018, SABIC introduced NPE 2018, a new product to their existing portfolio of PP compounds that delivers a soft feel in combination with superior scratch resistance. It is used in automotive interior applications, including interior trims, seats, console side claddings, glove boxes, door panels, and other similar interior components.

In March 2019, Exxon Mobil Corporation announced the construction of its new polypropylene plant in Baton Rouge, Louisiana, the U.S. The construction facility is expected to commence during 2021, with a production capacity of 450,000 kilotons per annum.

In August 2020, Japan Polypropylene Corporation began a joint venture of polypropylene (PP) compound producer Mytex Polymer Thailand with Rayong-based refiner IRPC Public Company Limited. The company owns 50 participation certificates (PC) of Mytex Polymer Thailand, and IRPC owns the rest. This joint venture enables both the companies to enhance their competitiveness in the Southeast Asian auto market.

In May 2019, decided to expand its production facilities at Grand Siam Composites Co., Ltd. in Thailand to meet the rising demand for polypropylene compounds across the globe. This capacity expansion was in line with the stringent environmental regulations have driven the demand for polypropylene compounds across automotive industry for the production of bumpers, instrument panels, and others.

In March 2020, Mitsui Chemicals, Inc. and Primer Polymer Co., Ltd. launched operations for the first European production site for polypropylene compounds joint venture at Mitsui Prime Advanced Composites Europe B.V. (ACE). This production site enables Mitsui Chemicals, Inc. to provide lightweight solutions to automotive industry and original equipment manufacturers (OEM) present across Europe.