Polypropylene and Polypropylene Composites Market Trends by 2023 3 | Page 3

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Surge in demand for polypropylene and polypropylene composites from
various application industries acts as the major driver of the global PP and PP
composites market. Moreover, low labor cost, advantage of mass production,
and better waste management in the injection molding process have fueled the
growth of the market. However, high initial tooling cost of the injection
molding and availability of other substitutes providing stiff competition to
polypropylene restrain the market growth. Conversely, technological
advancements have led to the adoption of robotics in injection molding
process, which is expected to provide lucrative opportunities for the market
growth.
Key Market Segments
By Product
Polypropylene (PP)
Polypropylene Composites
By Fiber Type
Glass Fiber
Carbon Fiber
Others
By Application
Transportation
Electricals & Electronics
Aerospace & Defense