PUBLISHER: Grand View Research | PRODUCT CODE: 1493461
PUBLISHER: Grand View Research | PRODUCT CODE: 1493461
The Southeast Asia modified polypropylene market size is anticipated to reach USD 2.57 billion by 2030, registering a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increased use of modified PP in applications, such as geotextiles and geo-membranes, for construction projects, is driving market growth. Furthermore, the increasing e-commerce sector, as well as changing customer expectations for sustainable and lightweight packaging solutions, are driving product demand.
Furthermore, the Southeast Asian construction industry, which is experiencing rapid urbanization and infrastructure development, contributes to the need for modified polypropylene in applications, such as pipes, fittings, and insulating materials. In addition, the increasing emphasis on environmental sustainability and regulatory compliance contributes to product demand in the electrical & electronics segment. The material's eco-friendly characteristics and recyclability align with the region's growing awareness of environmental issues and the push toward greener manufacturing practices.