China’s Kingfa is world’s largest independent PP compounder, according to AMI Consulting
AMI Consulting recently published a new report analyzing the global market for polypropylene (PP) compounds.
In 2014, the global PP market grew by 5%. Asia now accounts for 44% of global demand compared with 28% in Europe and 26% in the Americas.
The study segments the market into North America Free Trade Agreement (NAFTA), Latin America, Europe, Asia and Middle East/Africa, by product family and by application. Within the automotive segment which is the largest market for PP Compounds, applications are split into interiors, exteriors and underhood.
The report quantifies in detail PP Compound demand by OEM as well as providing an analysis of the industry’s supply structure and up-to-date information on the world’s largest producers of PP Compound.
The report examines the rate of structural change in the industry which has recently seen ExxonMobil retrench, Washington Penn, Hexpol and Shanghai Pret acquire businesses and the likes of Borealis, Kingfa, LyondellBasell, Mitsui and SABIC invest in new in-house capacity.
While LyondellBasell is the world’s largest maker of PP Compounds, this new report shows that Kingfa is now the world’s largest independent PP Compounder.